Overview
What is Anc Scholarship Foundation?
The Anc Scholarship Foundation is a nonprofit organization committed to supporting underprivileged students on their academic and personal growth journeys. By providing scholarship awards and hosting an award ceremony, they aim to motivate these students to engage in community and civic services, viewing such involvement as an essential component of leadership development. Their objective is to empower students to make a positive impact in their communities while striving for academic excellence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The Anc Scholarship Foundation has received a two-star rating from Charity Navigator, indicating that it requires improvement in certain operational areas. While the organization excels in accountability and finance with a perfect score of 100%, it faces significant shortcomings in transparency. Key policies regarding conflict of interest, whistleblowing, and document retention are not in place, which raises concerns about governance practices.
The foundation demonstrates strong financial health, evidenced by a favorable liabilities to assets ratio and a robust program expense ratio. However, the absence of a website listed on its tax form further detracts from its transparency. These deficiencies could hinder potential donors from fully understanding the organization’s operations and impact.
In summary, while the Anc Scholarship Foundation is financially sound and adheres to many accountability standards, it must address its transparency issues and establish essential governance policies to enhance its credibility and improve its standing within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Anc Scholarship Foundation legitimate?
Anc Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anc Scholarship Foundation 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.
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Other Salaries and Wages: $0
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What is the mission statement of Anc Scholarship Foundation?
The Anc Scholarship Foundation's mission is geared towards assisting financially disadvantaged students in their academic and personal growth journey. By offering scholarship awards, the foundation encourages these students to engage in community and civic services, recognizing their participation as a significant aspect of leadership development. The foundation's objective is to foster well-rounded individuals who contribute positively to their communities. Their activities include providing financial aid and acknowledging these students through an award ceremony.
Who is the CEO of Anc Scholarship Foundation?
Jonathan Kang is the Director of Anc Scholarship Foundation. The CEO's salary of Anc Scholarship Foundation is $0 and their total compensation is $0.
What is the revenue of Anc Scholarship Foundation?
Anc Scholarship Foundation's revenue in 2022 was $110,769.
Who are the executives of Anc Scholarship Foundation and what are their salaries?
There 50 volunteers at Anc Scholarship Foundation.
Here are 27 key members and their salaries (Anc Scholarship Foundation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Anc Scholarship Foundation?
Anc Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Anc Scholarship Foundation
The Anc Scholarship Foundation, as a nonprofit organization, has a mission to aid financially strained students in their academic and personal growth journey. This mission is twofold: it seeks to assist students in achieving their academic goals, and it encourages these students to engage in community and civic services as a crucial aspect of leadership development. By providing scholarship awards and hosting an award ceremony, the Anc Scholarship Foundation fosters an environment that fosters academic success and encourages community involvement, thereby nurturing future leaders.
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Impact
October, 2024
The Anc Scholarship Foundation significantly impacts the lives of needy students by facilitating their academic and personal growth. By providing scholarship awards, it alleviates financial barriers that may hinder students from pursuing higher education. Additionally, the Foundation emphasizes the importance of community and civic engagement, encouraging students to participate actively in leadership development through service. This holistic approach not only fosters individual achievement but also nurtures a sense of responsibility and connection to the community, ultimately shaping future leaders who are committed to making a difference. The annual award ceremony serves as a celebration of these accomplishments, inspiring others to pursue their goals and contribute to civic life. Through its programs, the Foundation plays a crucial role in empowering students and promoting social responsibility within the Lake View Terrace area and beyond.
This information is meant to be a general summary of Anc Scholarship Foundation. 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: $1,269
- Gross Receipts: $110,769
Assets and Liabilities:
- Total Assets: $222,212
- Total Liabilities: $0
- Net Assets: $222,212
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Organization Details
Founding Year
2006
Phone
(213) 383-7767Principal Officer
Jonathan Kang
Main Address
10000 FOOTHILL BLVD, LAKE VIEW TERRACE, CA, 91342
NTEE Category
Code: B82 - Education
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