Overview
What is Clyde Russell Scholarship Fund?
The Clyde Russell Scholarship Fund is a nonprofit organization situated in Augusta, Maine, with a single employee. Their primary mission is to offer scholarships, grants, loans, or financial assistance to Maine residents, with a particular focus on individuals pursuing a career in teaching. The aim is to enhance cultural and educational opportunities for the residents of Maine by nurturing future educators. The organization's activities are centered around providing scholarships to eligible Maine residents, contributing to their educational growth and development.
Official website here: www.clyderussellscholarshipfund.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
The Clyde Russell Scholarship Fund has received a Two-Star rating from Charity Navigator, indicating a score of 66%. This rating is primarily derived from its Accountability & Finance metrics, reflecting the organization's financial health and transparency. While the fund performs well in areas like having a majority of independent board members and maintaining a conflict of interest policy, it falls short in program expense ratios, which significantly impacts its overall score.
The organization shows strong governance practices, evidenced by a fully independent board and the absence of material asset diversions. Additionally, the fund's website is properly listed on its tax form, and it maintains thorough documentation of board meeting minutes. Despite these strengths, the low program expense ratio suggests that a considerable portion of its expenses may not be directed towards its charitable programs, which is a concern for potential donors.
Overall, while the Clyde Russell Scholarship Fund demonstrates good accountability and financial practices, its effectiveness in utilizing funds for programmatic purposes may warrant further scrutiny by stakeholders considering support.
This AI summary has been generated from information found on Charity Navigator.
Is Clyde Russell Scholarship Fund legitimate?
Clyde Russell Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clyde Russell Scholarship Fund 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: $3,069
For more financial information, click here
Official website here: www.clyderussellscholarshipfund.org/
What is the mission statement of Clyde Russell Scholarship Fund?
The Clyde Russell Scholarship Fund's mission is centered around offering scholarships to individuals residing in Maine. This fund extends its support not just to any Maine resident, but specifically to those who are pursuing a career in the teaching profession. The primary objective of these scholarships is to foster cultural and educational growth within the Maine community. By providing financial aid, the fund aims to open up opportunities for these individuals, thereby contributing to the overall betterment of the community's educational landscape.
Official website here: www.clyderussellscholarshipfund.org/
Who is the CEO of Clyde Russell Scholarship Fund?
Rachelle Bristol is the Chair of Clyde Russell Scholarship Fund.
Official website here: www.clyderussellscholarshipfund.org/
What is the revenue of Clyde Russell Scholarship Fund?
Clyde Russell Scholarship Fund's revenue in 2022 was $70,957.
Official website here: www.clyderussellscholarshipfund.org/
Who are the executives of Clyde Russell Scholarship Fund and what are their salaries?
The average compensation at Clyde Russell Scholarship Fund during 2022 was $3,069. There is 1 employee and 20 volunteers at Clyde Russell Scholarship Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $138,535
- Other: $42,613
- Compensation: $0
- Related: $183,125
- Other: $93,558
- Compensation: $0
- Related: $2,944
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,944
- Other: $0
- Compensation: $0
- Related: $140,995
- Other: $78,190
Official website here: www.clyderussellscholarshipfund.org/
Where can I find the form 990 for Clyde Russell Scholarship Fund?
Clyde Russell Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clyderussellscholarshipfund.org/
Learn more at the official website: www.clyderussellscholarshipfund.org/
Mission Statement of Clyde Russell Scholarship Fund
The Clyde Russell Scholarship Fund, as outlined in its mission statement, is dedicated to providing financial assistance to Maine residents. This assistance is specifically intended for individuals who are pursuing a career in the teaching profession. The fund's primary goal is to advance cultural and educational opportunities within the state of Maine by offering scholarships, grants, loans, or gifts. In doing so, the Clyde Russell Scholarship Fund aims to support Maine residents who wish to contribute to the educational sector, thereby enhancing the overall quality of education and cultural growth in the state.
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Impact
October, 2024
The Clyde Russell Scholarship Fund significantly impacts the educational landscape in Maine by providing essential financial support to residents pursuing higher education, particularly in the teaching profession. Through scholarships, grants, and other financial assistance, the Fund not only alleviates the burden of tuition costs but also encourages a new generation of educators to enter the field.
By focusing on advancing cultural and educational opportunities, the Fund helps cultivate a more knowledgeable and skilled workforce, which ultimately benefits the entire community. The scholarship recipients often become role models and mentors themselves, creating a ripple effect that inspires future students. In essence, the Clyde Russell Scholarship Fund plays a vital role in enhancing educational access and quality in Maine, contributing to the state's cultural and academic development.
This information is meant to be a general summary of Clyde Russell Scholarship Fund. 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: $70,957
- Gross Receipts: $117,591
Assets and Liabilities:
- Total Assets: $1,081,475
- Total Liabilities: $0
- Net Assets: $1,081,475
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Organization Details
Founding Year
1989
Phone
(207) 622-5866Principal Officer
Rachelle Bristol
Main Address
35 Community Drive, Augusta, ME, 04330
NTEE Category
Code: B82 - Education
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