Overview
What is The Susan Fund Inc?
The Susan Fund Inc, located in Norwalk, Connecticut, is a dedicated nonprofit organization that offers financial and emotional assistance to local residents of Fairfield County who have been diagnosed with cancer. This support primarily takes the form of scholarships to help cover the escalating medical expenses of cancer treatment and the rising costs of higher education. As of now, they have distributed approximately $1.9 million in scholarship funds to 862 individuals. The organization's mission is to alleviate the heavy financial burden faced by these students during a challenging time in their lives.
Official website here: www.thesusanfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Susan Fund Inc has received a solid rating of 83%, which indicates a generally positive evaluation of its operations and financial management. The organization demonstrates strong accountability and financial practices, notably maintaining 100% independent board members and showcasing a significant program expense ratio of 95.48%, suggesting that most of its resources are effectively directed towards its mission.
Despite these strengths, there are some areas for improvement, particularly concerning governance policies. The absence of a conflict of interest policy and a whistleblower policy could pose potential risks to accountability. While its financial health appears robust with a low liabilities-to-assets ratio, these governance gaps may affect overall transparency and trust.
Overall, The Susan Fund Inc is performing well in terms of financial efficiency and governance structure, but it would benefit from enhancing its policies to bolster accountability and risk management.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Susan Fund Inc?
The Susan Fund Inc. has received praise for its mission, as highlighted in the limited reviews available. One user expressed strong support for the initiative, viewing it as a noble effort that aims to uplift the living standards of beneficiaries and their families. This sentiment suggests a positive perception of the nonprofit's goals and objectives.
Although the number of reviews is currently low and ratings are not yet established, the enthusiasm for the fund's intentions indicates that there is potential for a favorable reputation as more feedback accumulates. Overall, the sentiment reflects optimism about the impact the nonprofit could have on those it serves.
This AI summary has been generated from reviews found on Facebook.
Is The Susan Fund Inc legitimate?
The Susan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Susan 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.
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Official website here: www.thesusanfund.org
What is the mission statement of The Susan Fund Inc?
The Susan Fund Inc's mission is centered around providing support to students diagnosed with cancer who are pursuing higher education. The organization offers financial aid and emotional assistance to help these students manage the substantial medical expenses associated with cancer treatment, as well as the rising costs of education. As of now, The Susan Fund has distributed approximately $1.9 million in scholarships to over 800 deserving students. The primary activity of this non-profit is granting scholarships to residents of Fairfield County, Connecticut.
Official website here: www.thesusanfund.org
What is the revenue of The Susan Fund Inc?
The Susan Fund Inc's revenue in 2023 was $52,992.
Official website here: www.thesusanfund.org
Who are the executives of The Susan Fund Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.thesusanfund.org
Where can I find the form 990 for The Susan Fund Inc?
The Susan Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thesusanfund.org
Learn more at the official website: www.thesusanfund.org
Mission Statement of The Susan Fund Inc
The Susan Fund Inc, a nonprofit organization, is dedicated to providing both financial and emotional support to students residing in Fairfield County, Connecticut, who have been diagnosed with cancer and are pursuing their education at an accredited institution of higher learning. Recognizing the significant medical costs associated with cancer treatment and the escalating expenses of higher education, this organization aims to alleviate some of the financial burden faced by these students. Since its inception, The Susan Fund Inc has distributed approximately $1.9 million in scholarship money, benefiting 862 individuals in need.
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Impact
October, 2024
The Susan Fund Inc significantly impacts the lives of students diagnosed with cancer in Fairfield County, CT, by providing essential financial support through scholarships. To date, approximately $1.9 million has been awarded in scholarship money, benefiting 862 students. This funding helps alleviate the staggering medical costs associated with cancer treatment while addressing the rising expenses of higher education. By empowering these individuals with access to education, The Susan Fund not only supports their academic pursuits but also bolsters their emotional well-being during challenging times.
This information is meant to be a general summary of The Susan 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 2023.
- Investment Income: $14,611
- Gross Receipts: $234,206
Assets and Liabilities:
- Total Assets: $508,546
- Total Liabilities: $0
- Net Assets: $508,546
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Organization Details
Founding Year
1982
Principal Officer
Jeffrey Booth
Website
www.thesusanfund.orgNTEE Category
Code: B82J - Education
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