Overview
What is Nacm Scholarship Foundation Inc?
The Nacm Scholarship Foundation Inc, based on the provided information, is a nonprofit organization committed to offering financial aid in the form of scholarships for professionals in the field of business credit. Their primary mission is to support these individuals by providing scholarship awards, thereby fostering their professional growth and development. The foundation's activities are centered around this mission, aiming to make education more accessible and affordable for business credit professionals.
Official website here: www.nacm.org/scholarship-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The Nacm Scholarship Foundation Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is derived entirely from one beacon score focusing on Accountability & Finance. This strong rating reflects a commitment to transparency and effective financial management, which is crucial for donor confidence.
One notable strength of the organization is its fully independent board, consisting of four members, which ensures unbiased governance. Additionally, the foundation maintains no material diversion of assets, indicating strong stewardship of resources. The transparency of its operations is further demonstrated by the presence of key policies, including a conflict of interest policy and a whistleblower policy, all of which contribute to its high accountability score.
Despite the strong performance in various metrics, there are no significant limitations reported in the available data. The organization has a solid program expense ratio of 82.47%, suggesting that a substantial portion of its resources is dedicated to its mission. Overall, the Nacm Scholarship Foundation Inc exemplifies effective governance and fiscal responsibility, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Nacm Scholarship Foundation Inc legitimate?
Nacm Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nacm Scholarship Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nacm.org/scholarship-foundation
What is the mission statement of Nacm Scholarship Foundation Inc?
The Nacm Scholarship Foundation Inc's mission is centered around providing financial aid in the form of scholarships for individuals pursuing careers in business credit professions. Their primary objective is to support these professionals financially, thereby enabling them to further their education and advance in their respective fields. Through the distribution of scholarships, the foundation aims to contribute to the growth and development of the business credit profession. The foundation awards scholarships to eligible candidates, thereby promoting educational opportunities and fostering talent in this specific field.
Official website here: www.nacm.org/scholarship-foundation
Who is the CEO of Nacm Scholarship Foundation Inc?
Robin Schauseil is the President of Nacm Scholarship Foundation Inc.
Official website here: www.nacm.org/scholarship-foundation
What is the revenue of Nacm Scholarship Foundation Inc?
Nacm Scholarship Foundation Inc's revenue in 2022 was $39,200.
Official website here: www.nacm.org/scholarship-foundation
Who are the executives of Nacm Scholarship Foundation Inc and what are their salaries?
There 4 volunteers at Nacm Scholarship Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $126,932
- Other: $16,396
- Compensation: $0
- Related: $52,885
- Other: $5,979
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nacm.org/scholarship-foundation
Where can I find the form 990 for Nacm Scholarship Foundation Inc?
Nacm Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nacm.org/scholarship-foundation
Learn more at the official website: www.nacm.org/scholarship-foundation
Mission Statement of Nacm Scholarship Foundation Inc
The Nacm Scholarship Foundation Inc is dedicated to providing financial assistance in an innovative way. Their mission revolves around offering scholarships specifically for professionals in the field of business credit. By doing so, they aim to support individuals who are pursuing or furthering their education in this sector. This financial aid serves as a catalyst for the personal and professional growth of these professionals, ultimately contributing to the strength and development of the business credit industry as a whole.
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Impact
August, 2024
Nacm Scholarship Foundation Inc's impact lies in providing essential financial assistance to business credit professionals through scholarships. By offering scholarship awards, they support individuals in pursuing their educational and professional goals within the field. This assistance plays a crucial role in advancing the knowledge and expertise of those in the business credit industry, ultimately contributing to the growth and success of businesses and organizations.
This information is meant to be a general summary of Nacm Scholarship Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $23,207
- Gross Receipts: $549,022
Assets and Liabilities:
- Total Assets: $502,907
- Total Liabilities: $0
- Net Assets: $502,907
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Organization Details
Founding Year
2005
Phone
(410) 740-5560Principal Officer
Robin Schauseil
Main Address
8840 COLUMBIA 100 PARKWAY, COLUMBIA, MD, 21045
NTEE Category
Code: B99 - Education
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