Overview
What is Southbury Middlebury Scholarship Foundation?
The Southbury Middlebury Scholarship Foundation, established in Middlebury, Connecticut, serves as a scholarship or financial aid organization. Its primary purpose is to provide financial assistance to individuals in need through the granting of scholarships. This nonprofit organization is dedicated to supporting the educational pursuits of deserving individuals, contributing to their personal growth and future success.
Official website here: www.smsfct.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Southbury Middlebury Scholarship Foundation has received a score of 76%, which indicates a moderate level of accountability and financial health. The organization has a fully independent board, consisting of 12 members, and has demonstrated strong practices such as having no material diversion of assets and an impressive program expense ratio of 96.34%. This suggests that a significant portion of its resources is directed toward its mission of providing scholarships.
However, there are notable weaknesses in their governance policies. The foundation lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could impact its overall accountability. While the board meeting minutes are available, the absence of these key governance documents may raise concerns about transparency and operational integrity.
Overall, while the Southbury Middlebury Scholarship Foundation shows a commitment to its mission and maintains strong financial practices, improvements in governance policies are needed to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Southbury Middlebury Scholarship Foundation legitimate?
Southbury Middlebury Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southbury Middlebury 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:
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Official website here: www.smsfct.org
What is the mission statement of Southbury Middlebury Scholarship Foundation?
The Southbury Middlebury Scholarship Foundation, serving as a scholarship or financial aid organization, is committed to granting scholarships. Its primary objective is to provide financial assistance to individuals seeking higher education, thereby supporting their educational pursuits. The foundation's activities are centered around this mission, aiming to make education more accessible and affordable for those in need. By offering scholarships, the organization plays a significant role in enabling deserving students to achieve their academic goals.
Official website here: www.smsfct.org
Who is the CEO of Southbury Middlebury Scholarship Foundation?
Alan Green is the President of Southbury Middlebury Scholarship Foundation.
Official website here: www.smsfct.org
What is the revenue of Southbury Middlebury Scholarship Foundation?
Southbury Middlebury Scholarship Foundation's revenue in 2022 was $48,728.
Official website here: www.smsfct.org
Who are the executives of Southbury Middlebury Scholarship Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.smsfct.org
Where can I find the form 990 for Southbury Middlebury Scholarship Foundation?
Southbury Middlebury Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smsfct.org
Learn more at the official website: www.smsfct.org
Mission Statement of Southbury Middlebury Scholarship Foundation
The Southbury Middlebury Scholarship Foundation, as a scholarship or financial aid organization, is committed to its mission of granting scholarships. This nonprofit entity is dedicated to providing financial aid to individuals in need, thereby enabling them to pursue their educational goals. By granting scholarships, the Southbury Middlebury Scholarship Foundation plays a significant role in supporting the aspirations of students, thereby contributing to the broader community in a meaningful way.
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Impact
August, 2024
The impact of the Southbury Middlebury Scholarship Foundation is significant in providing financial assistance to students in Middlebury, CT by granting scholarships. This support enables students to pursue higher education and achieve their academic goals. The foundation's commitment to granting scholarships helps alleviate the financial burden for deserving individuals, opening doors to education and future opportunities. Through its efforts, the Southbury Middlebury Scholarship Foundation plays a crucial role in promoting educational attainment and empowering the community's youth to fulfill their potential.
This information is meant to be a general summary of Southbury Middlebury 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: $31,990
- Gross Receipts: $69,690
Assets and Liabilities:
- Total Assets: $262,116
- Total Liabilities: $0
- Net Assets: $262,116
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Organization Details
Founding Year
1983
Phone
(203) 264-5561Principal Officer
Alan Green
Main Address
PO BOX 1259, MIDDLEBURY, CT, 06762
Website
www.smsfct.orgNTEE Category
Code: B82 - Education
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