Overview
What is Bmg Student Aid Fund?
The Bmg Student Aid Fund is a nonprofit organization dedicated to supporting students and alumni of BMG. Their primary mission involves offering aid programs to address the unmet financial needs of economically disadvantaged individuals within this academic community. The organization's activities are centered around providing student assistance, ensuring that deserving students and graduates have the necessary resources to pursue their education and achieve their goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Bmg Student Aid Fund received a two-star rating from Charity Navigator, with an overall score of 67%. This score indicates areas for improvement, particularly in accountability and financial transparency. While the organization boasts a fully independent board and a strong program expense ratio, several critical governance policies and financial statements are missing, which raises concerns regarding its operational transparency.
Strengths include a high percentage of program expenses, demonstrating a commitment to allocating resources toward its mission of aiding students. The organization has successfully avoided any material diversion of assets and maintains a favorable liabilities to assets ratio. However, the lack of essential documents, such as financial statements and conflict of interest policies, highlights significant gaps in organizational practices that could affect stakeholder confidence.
Overall, while Bmg Student Aid Fund shows promise in its financial management and commitment to its cause, the deficiencies in policy documentation and transparency warrant attention. Addressing these issues could enhance its credibility and effectiveness in achieving its educational support goals.
This AI summary has been generated from information found on Charity Navigator.
Is Bmg Student Aid Fund legitimate?
Bmg Student Aid Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bmg Student Aid 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: $0
For more financial information, click here
What is the mission statement of Bmg Student Aid Fund?
The BMG Student Aid Fund's mission is centered around assisting students and alumni of BMG. This is achieved through the implementation of various programs, primarily focusing on providing financial aid to cater to the unmet needs of financially struggling students and graduates. The fund aims to offer a helping hand to those in need, thereby enhancing their educational journey and post-graduation life. The BMG Student Aid Fund's activities are geared towards supporting the well-being and success of its beneficiaries.
What is the revenue of Bmg Student Aid Fund?
Bmg Student Aid Fund's revenue in 2023 was $1,112,662.
Who are the executives of Bmg Student Aid Fund and what are their salaries?
Here are 3 key members and their salaries:
- 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 Bmg Student Aid Fund?
Bmg Student Aid Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bmg Student Aid Fund
The BMG Student Aid Fund is a nonprofit organization dedicated to assisting students and alumni of BMG. Its mission is to provide aid and support in the form of programs, specifically focusing on addressing the unfunded needs of financially disadvantaged students and graduates. By offering student aid, this organization strives to alleviate financial burdens and help these individuals continue their education or navigate post-graduation challenges. The BMG Student Aid Fund serves as a valuable resource for those in need, contributing to their overall well-being and success.
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Impact
October, 2024
The BMG Student Aid Fund significantly impacts students and alumni of BMG by addressing their financial needs and enhancing their educational opportunities. By providing essential student aid, the Fund helps finance unfunded needs, ensuring that economic barriers do not hinder academic pursuits. This support empowers individuals to focus on their education, fostering a culture of learning and achievement within the BMG community. Through its programs, the Fund not only alleviates financial stress but also promotes the personal and professional development of its beneficiaries, ultimately contributing to a more educated and skilled population.
This information is meant to be a general summary of Bmg Student Aid 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 2023.
- Investment Income: $6,986
- Gross Receipts: $1,112,662
Assets and Liabilities:
- Total Assets: $771,691
- Total Liabilities: $0
- Net Assets: $771,691
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Organization Details
Principal Officer
Aryeh L Klein
NTEE Category
Code: B11 - Education
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