Overview
What is Msra Scholarship Foundation?
The Msra Scholarship Foundation is a nonprofit organization situated in Saint Paul, Minnesota. Their primary focus is on administering and distributing educational scholarships to members of the Minnesota Street Rod Association and their families. By offering these scholarships, they aim to support the academic pursuits of individuals connected to this automotive association. The foundation serves as a means of fostering education and development within this community.
Official website here: www.msra.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Msra Scholarship Foundation has received a 76% score from Charity Navigator, which translates to a Three-Star rating. This score is primarily based on the charity's accountability and finance practices, highlighting a strong emphasis on responsible financial management. The organization has demonstrated exemplary governance, with a board composed entirely of independent members and a zero percent ratio of liabilities to assets.
Strengths of the foundation include its complete independence with 10 out of 10 points for majority independent board members, and full compliance in documenting board meeting minutes. Additionally, the charity allocates 100% of its expenses directly to programs, indicating a strong commitment to maximizing the impact of its funds.
While the Msra Scholarship Foundation showcases significant strengths in accountability and financial health, there are no noted limitations within the available data. Overall, the charity demonstrates a solid framework for governance and a clear focus on its mission of providing scholarships, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Msra Scholarship Foundation legitimate?
Msra Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Msra 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.
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.msra.com
What is the mission statement of Msra Scholarship Foundation?
The Msra Scholarship Foundation's primary mission is to facilitate the distribution of educational scholarships. This is done specifically for members of the Minnesota Street Rod Association and their families. The organization's activities are centered around this mission, aiming to support the education of these individuals and contribute to their future prospects. The foundation serves as a resource for these families, providing them with financial assistance for their educational pursuits.
Official website here: www.msra.com
Who is the CEO of Msra Scholarship Foundation?
Paul Krueger is the President of Msra Scholarship Foundation.
Official website here: www.msra.com
What is the revenue of Msra Scholarship Foundation?
Msra Scholarship Foundation's revenue in 2022 was $26,464.
Official website here: www.msra.com
Who are the executives of Msra Scholarship Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.msra.com
Where can I find the form 990 for Msra Scholarship Foundation?
Msra Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msra.com
Learn more at the official website: www.msra.com
Mission Statement of Msra Scholarship Foundation
The Msra Scholarship Foundation is dedicated to carrying out a significant mission. This mission revolves around administering and distributing educational scholarships to members of the Minnesota Street Rod Association and their families. By doing so, the organization aims to contribute to the higher education of individuals affiliated with this automotive association, thereby potentially opening up new opportunities and pathways for their future. The Msra Scholarship Foundation plays a crucial role in supporting the educational aspirations of its targeted community, thereby empowering them to pursue their academic goals and ultimately, shape their futures.
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Impact
August, 2024
The Msra Scholarship Foundation has a substantial impact on the education of members of the Minnesota Street Rod Association and their families. By administering and distributing educational scholarships, the foundation plays a crucial role in supporting the academic pursuits of individuals within this community. This assistance not only aids in the advancement of education but also demonstrates a commitment to empowering and investing in the future of its members.
This information is meant to be a general summary of Msra 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: $1,408
- Program Service Revenue: $9,927
- Gross Receipts: $26,464
Assets and Liabilities:
- Total Assets: $123,351
- Total Liabilities: $0
- Net Assets: $123,351
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AD PRINT CAR BOOK SALES
Revenue
$9,195
5050
Revenue
$350
5050 PETTY CASH
Revenue
$382
Organization Details
Founding Year
2016
Principal Officer
Paul Krueger
Main Address
PO BOX 13577, SAINT PAUL, MN, 55113
Website
www.msra.comNTEE Category
Code: B12 - Education
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