Overview
What is Stegall Seminary Scholarship Endowment Foundation?
The Stegall Seminary Scholarship Endowment Foundation is a nonprofit organization that primarily supports United Methodist seminary students hailing from the Alabama/West Florida region. This charitable entity aims to cover their qualified educational expenses, such as tuition, fees, books, supplies, and equipment. The foundation is estimated to assist around 65 seminary students from this conference, thereby contributing significantly to their academic journeys.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The Stegall Seminary Scholarship Endowment Foundation has received a Two-Star rating from Charity Navigator, indicating some strengths in accountability and finance but also notable areas for improvement. The foundation excels in board independence, with 100% of its board members being independent, and maintains a low liabilities to assets ratio of 0.02%, signifying financial stability. Additionally, the organization's program expense ratio is strong at 80.34%, indicating that a significant portion of its funding directly supports its programs.
However, the foundation's overall score is primarily affected by its lack of transparency and documentation. It has received no points in several key areas, including financial statements and essential governance policies such as conflict of interest, whistleblower, and document retention policies. Furthermore, the absence of a website listed on the tax form raises concerns about accessibility and communication with the public.
While the foundation demonstrates a commitment to responsible financial management through its strong program expense ratio and independent governance, its lack of critical documentation and transparency measures may hinder its overall effectiveness and public trust. Addressing these limitations could enhance its rating and further its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Stegall Seminary Scholarship Endowment Foundation legitimate?
Stegall Seminary Scholarship Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stegall Seminary Scholarship Endowment 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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What is the mission statement of Stegall Seminary Scholarship Endowment Foundation?
The Stegall Seminary Scholarship Endowment Foundation's mission is to support the educational expenses of United Methodist seminary students hailing from the Alabama/West Florida geographic region. It provides financial aid, covering costs such as tuition, fees, books, supplies, and equipment, for around 65 students affiliated with the Alabama/West Florida conference. The foundation's goal is to contribute to the academic pursuits of these students, thereby fostering the growth of future religious leaders within the United Methodist community.
Who is the CEO of Stegall Seminary Scholarship Endowment Foundation?
Dr Karl Stegall is the Principal Officer of Stegall Seminary Scholarship Endowment Foundation.
What is the revenue of Stegall Seminary Scholarship Endowment Foundation?
Stegall Seminary Scholarship Endowment Foundation's revenue in 2022 was $548,376.
Who are the executives of Stegall Seminary Scholarship Endowment Foundation and what are their salaries?
There 36 volunteers at Stegall Seminary Scholarship Endowment Foundation.
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Where can I find the form 990 for Stegall Seminary Scholarship Endowment Foundation?
Stegall Seminary Scholarship Endowment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stegall Seminary Scholarship Endowment Foundation
The Stegall Seminary Scholarship Endowment Foundation is an organization dedicated to providing financial aid for the educational expenses of United Methodist seminary students hailing from the Alabama/West Florida geographic region. This nonprofit entity's mission encompasses covering various educational costs, such as tuition, fees, books, and necessary supplies and equipment, for approximately 65 students affiliated with the Alabama/West Florida conference. By doing so, the Stegall Seminary Scholarship Endowment Foundation plays a crucial role in supporting the future leaders of the United Methodist church within this specific geographic area.
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Impact
July, 2024
The Stegall Seminary Scholarship Endowment Foundation's impact is significant in providing financial support for educational expenses to around 65 United Methodist seminary students from the Alabama/West Florida geographic region. By funding tuition, fees, books, supplies, and equipment, the Foundation enables these students to pursue their theological education and training, ultimately equipping them for future leadership roles within the United Methodist Church.
This information is meant to be a general summary of Stegall Seminary Scholarship Endowment 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: $6,282
- Gross Receipts: $548,376
Assets and Liabilities:
- Total Assets: $7,882,448
- Total Liabilities: $2,354
- Net Assets: $7,880,094
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Organization Details
Founding Year
2007
Phone
(334) 271-3409Principal Officer
Dr Karl Stegall
Main Address
8300 MARSH POINTE DRIVE, MONTGOMERY, AL, 36117
NTEE Category
Code: X12 - Religion related
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