Overview
What is Hackensack Blue And Gold Scholarship Fund Inc?
Hackensack Blue and Gold Scholarship Fund Inc is a charitable organization based in Hackensack, New Jersey. Their primary mission is to extend financial aid to students attending Hackensack High School through scholarship awards. The fund offers monetary assistance to deserving students, thereby contributing to their educational growth and future prospects. This nonprofit organization is dedicated to supporting the local community's youth by investing in their academic pursuits.
Official website here: www.blueandgoldscholarship.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%, Two-Star out of Four Stars)
The Hackensack Blue And Gold Scholarship Fund Inc has received a rating of "Needs Improvement" with a score of 66%, indicating areas where the organization could enhance its accountability and financial practices. Although the organization demonstrates strong program efficiency with a program expense ratio of 84.07%, it lacks several important governance policies, including a conflict of interest policy and a whistleblower policy, both of which are essential for ensuring transparency and ethical operation.
Additionally, the board's composition shows that while there are 20 independent members, only 46% of the board members are independent, which contributes to a lower score for governance. The charity has successfully avoided any material diversion of assets, reflecting sound financial management. However, the absence of a document retention policy and the failure to post its tax form on its website are notable weaknesses that could impede the organization’s credibility.
Overall, while the Hackensack Blue And Gold Scholarship Fund Inc performs well in program expenses, potential donors and stakeholders may want to consider the governance and transparency issues before committing support. Addressing these shortcomings could significantly improve the organization’s standing and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hackensack Blue And Gold Scholarship Fund Inc legitimate?
Hackensack Blue And Gold Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hackensack Blue And Gold 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.
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For more financial information, click here
Official website here: www.blueandgoldscholarship.com
What is the mission statement of Hackensack Blue And Gold Scholarship Fund Inc?
The mission of Hackensack Blue And Gold Scholarship Fund Inc is centered around providing scholarships to students attending Hackensack High School. This organization aims to financially support these students by awarding them with cash scholarships. The primary objective is to assist these students in furthering their education and achieving their academic goals.
Official website here: www.blueandgoldscholarship.com
Who is the CEO of Hackensack Blue And Gold Scholarship Fund Inc?
Todd Hali is the President of Hackensack Blue And Gold Scholarship Fund Inc.
Official website here: www.blueandgoldscholarship.com
What is the revenue of Hackensack Blue And Gold Scholarship Fund Inc?
Hackensack Blue And Gold Scholarship Fund Inc's revenue in 2022 was $36,642.
Official website here: www.blueandgoldscholarship.com
Who are the executives of Hackensack Blue And Gold Scholarship Fund Inc and what are their salaries?
There 15 volunteers at Hackensack Blue And Gold Scholarship Fund Inc.
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Official website here: www.blueandgoldscholarship.com
Where can I find the form 990 for Hackensack Blue And Gold Scholarship Fund Inc?
Hackensack Blue And Gold Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blueandgoldscholarship.com
Learn more at the official website: www.blueandgoldscholarship.com
Mission Statement of Hackensack Blue And Gold Scholarship Fund Inc
Hackensack Blue and Gold Scholarship Fund Inc is a nonprofit organization dedicated to providing financial assistance to students attending Hackensack High School. Their mission is to award cash scholarships to these students, thereby contributing significantly to their educational journeys. By offering these scholarships, the fund aims to support the academic pursuits of deserving students, thereby empowering them to achieve their goals and reach their full potential. The scholarships provided by Hackensack Blue and Gold Scholarship Fund Inc serve as a crucial stepping stone for these students, alleviating some of the financial burden associated with higher education and paving the way for a brighter future.
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Impact
August, 2024
Hackensack Blue And Gold Scholarship Fund Inc has made a significant impact by providing cash scholarship awards to deserving students at Hackensack High School. Their support has enabled these students to further their education and pursue their academic goals. Through their funding of scholarships, they have helped alleviate financial barriers and empower students to reach their full potential.
This information is meant to be a general summary of Hackensack Blue And Gold 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: $18,387
- Gross Receipts: $329,544
Assets and Liabilities:
- Total Assets: $1,383,838
- Total Liabilities: $0
- Net Assets: $1,383,838
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Organization Details
Founding Year
1999
Phone
(201) 343-5600Principal Officer
Todd Hali
Main Address
PO BOX 2032, HACKENSACK, NJ, 07606
NTEE Category
Code: B82 - Education
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