Overview
What is Spring Lake Golf Club Scholarship Fund Inc?
Spring Lake Golf Club Scholarship Fund Inc, located in Spring Lake, New Jersey, is a nonprofit organization that focuses on providing educational opportunities. It specifically targets caddies associated with the Spring Lake Golf Club, offering them scholarships to further their education. The organization's mission is to empower these individuals by offering financial support, thereby broadening their horizons and potentially opening up new prospects for their future. The Fund is dedicated to this cause, ensuring that the caddies at Spring Lake Golf Club have the chance to pursue their academic goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Stars
The Spring Lake Golf Club Scholarship Fund Inc has received a 73% rating from Charity Navigator, indicating a Two-Star designation. This score is derived solely from its Accountability & Finance performance, which suggests a focus on financial health and governance rather than programmatic impact. While this rating is respectable, it reflects the need for improvement in overall operational transparency and effectiveness.
The organization displays strong governance practices, earning perfect scores in several areas, including having a majority of independent board members and demonstrating no material diversion of assets. Its liabilities to assets ratio is exceptionally low at 0.00%, highlighting a solid financial foundation. Additionally, the program expense ratio is impressive at 99.49%, showing that nearly all funds are directed towards its intended programs.
Despite these strengths, the overall Two-Star rating implies that there may be areas needing further transparency or effectiveness in mission execution. Enhanced focus on reporting outcomes and broader community impact could help elevate the organization’s rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Spring Lake Golf Club Scholarship Fund Inc legitimate?
Spring Lake Golf Club Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring Lake Golf Club Scholarship Fund Inc 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
What is the mission statement of Spring Lake Golf Club Scholarship Fund Inc?
The Spring Lake Golf Club Scholarship Fund Inc's mission is centered around providing scholarships for caddies affiliated with the Spring Lake Golf Club. This mission is carried out with the goal of supporting the educational pursuits of these individuals, thereby empowering them with opportunities for personal growth and development. The organization's activities are primarily focused on this scholarship program, aiming to make higher education more accessible to caddies associated with the golf club. The Scholarship Fund Inc's endeavors reflect a commitment to investing in the future of these individuals, thereby enriching their lives and potentially contributing to their long-term success.
Who is the CEO of Spring Lake Golf Club Scholarship Fund Inc?
Kevin P Bormida is the Treasurer of Spring Lake Golf Club Scholarship Fund Inc.
What is the revenue of Spring Lake Golf Club Scholarship Fund Inc?
Spring Lake Golf Club Scholarship Fund Inc's revenue in 2022 was $75,618.
Who are the executives of Spring Lake Golf Club Scholarship Fund Inc and what are their salaries?
There 4 volunteers at Spring Lake Golf Club Scholarship Fund Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Spring Lake Golf Club Scholarship Fund Inc?
Spring Lake Golf Club Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spring Lake Golf Club Scholarship Fund Inc
Spring Lake Golf Club Scholarship Fund Inc is committed to providing scholarships for caddies at Spring Lake Golf Club. This nonprofit organization's mission is centered around supporting these young individuals, recognizing their hard work and dedication on the golf course. By offering scholarships, Spring Lake Golf Club Scholarship Fund Inc aims to help caddies further their education, providing them with opportunities to build a brighter future. The fund's mission is a testament to its dedication to investing in the future of these young individuals and acknowledging their valuable contributions to the golf community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Spring Lake Golf Club Scholarship Fund Inc's impact is substantial in providing opportunities for caddies at Spring Lake Golf Club to further their education through scholarships. By offering financial support to these individuals, the fund enables them to pursue their academic goals and aspirations. Through this initiative, the fund not only supports the educational endeavors of caddies but also contributes to their personal and professional development. The impact of these scholarships goes beyond just financial aid, as it provides a pathway for caddies to reach their full potential and achieve success in their academic pursuits.
This information is meant to be a general summary of Spring Lake Golf Club Scholarship Fund Inc. 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: $8,168
- Gross Receipts: $75,618
Assets and Liabilities:
- Total Assets: $423,760
- Total Liabilities: $0
- Net Assets: $423,760
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1974
Phone
(732) 449-8100Principal Officer
Kevin P Bormida
Main Address
PO BOX 32, SPRING LAKE, NJ, 07762
NTEE Category
Code: B84 - Education
If you are a representative of Spring Lake Golf Club Scholarship Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.