Dracut Scholarship Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222849338 ✦ Dracut, MA ✦ Designated as a 501(c)(3)

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Overview

What is Dracut Scholarship Foundation Inc?

Dracut Scholarship Foundation Inc is a nonprofit organization situated in Dracut, Massachusetts. Their primary mission is to provide financial aid in the form of scholarships to graduating students from Dracut Senior High School. In the year ending December 31, 2021, they awarded a total of 61 scholarships. The organization's purpose is to support the educational pursuits of local students, aiming to alleviate some of the financial burden associated with higher education.


Official website here: www.dracutscholarship.org

Is Dracut Scholarship Foundation Inc legitimate?

Dracut Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dracut Scholarship Foundation 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


Official website here: www.dracutscholarship.org

What is the mission statement of Dracut Scholarship Foundation Inc?

The Dracut Scholarship Foundation Inc, as its mission, provides educational scholarships to graduates of Dracut High School. This organization aims to support the academic pursuits of deserving students, fostering their educational growth and future success. In the year ending December 31, 2021, the Foundation awarded 61 such scholarships. The foundation's efforts contribute to the development of the next generation, providing them with the financial means to further their education.


Official website here: www.dracutscholarship.org

Who is the CEO of Dracut Scholarship Foundation Inc?

Linda Stacey Miller is the President of Dracut Scholarship Foundation Inc.


Official website here: www.dracutscholarship.org

What is the revenue of Dracut Scholarship Foundation Inc?

Dracut Scholarship Foundation Inc's revenue in 2022 was $195,749.


Official website here: www.dracutscholarship.org

Who are the executives of Dracut Scholarship Foundation Inc and what are their salaries?

There 25 volunteers at Dracut Scholarship Foundation Inc.


Here are 4 key members and their salaries:


Linda Stacey Miller (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Anne Hould (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Virginia Riordan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Brody (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dracutscholarship.org

Where can I find the form 990 for Dracut Scholarship Foundation Inc?

Dracut Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.dracutscholarship.org

Learn more at the official website: www.dracutscholarship.org

Mission Statement of Dracut Scholarship Foundation Inc

Dracut Scholarship Foundation Inc, as its name suggests, is an organization dedicated to providing educational scholarships. Its primary mission is to support graduates of Dracut High School by offering them financial aid for their continued education. The foundation awarded 61 scholarships during the year ending December 31, 2021, demonstrating its commitment to helping deserving students pursue their academic goals. By providing these scholarships, Dracut Scholarship Foundation Inc is making a significant contribution to the education of its community's youth, potentially opening up opportunities for them to pursue higher education and better their future prospects.

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Impact




October, 2024

Dracut Scholarship Foundation Inc significantly impacts the local community by providing educational scholarships to graduates of Dracut High School. By focusing on supporting the aspirations of young individuals, the foundation ensures that students have the financial resources necessary to pursue higher education. In 2021 alone, the organization awarded 61 scholarships, directly contributing to the academic and professional futures of these students. This investment in education not only empowers young graduates but also strengthens the community by nurturing a well-educated workforce that can contribute to the local economy and society.




This information is meant to be a general summary of Dracut Scholarship Foundation 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.

Revenue
$195,749 (2022)
Expenses
$185,144 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19,710
  • Gross Receipts: $426,705

Assets and Liabilities:

  • Total Assets: $1,675,579
  • Total Liabilities: $19,080
  • Net Assets: $1,656,499

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Organization Details

Principal Officer

Linda Stacey Miller

Main Address

PO BOX 117, DRACUT, MA, 018260117

NTEE Category

Code: B82 - Education

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