Overview
What is Teamsters Local 830 Scholarship Fund?
Teamsters Local 830 Scholarship Fund is a charitable initiative based in Philadelphia, Pennsylvania. Its primary objective is to provide financial aid to the dependent children of Teamsters Local 830 members who are employed by participating employers. This fund is merit-based, targeting students who demonstrate academic excellence, good character, and leadership qualities. The scholarship program aims to assist those who may not otherwise afford higher education.
Official website here: www.team830funds.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 61%)
The Teamsters Local 830 Scholarship Fund has received a "Needs Improvement" rating from Charity Navigator, with an overall score of 61%. This rating reflects a blend of strong accountability and finance metrics alongside notable weaknesses in governance practices. The organization benefits from a fully independent board, a significant positive aspect, as evidenced by high scores in board independence and material diversion of assets.
However, the Fund has critical limitations, particularly in its governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy significantly detracts from its accountability score. Additionally, the high liabilities to assets ratio of 79.23% raises concerns about financial stability, though the organization does maintain a commendable program expense ratio of nearly 92%, indicating a strong focus on its mission-related activities.
Overall, while the Teamsters Local 830 Scholarship Fund demonstrates a commitment to its core mission with an effective allocation of expenses towards programs, improvements in governance policies and financial management strategies are essential for enhancing its overall rating and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Teamsters Local 830 Scholarship Fund legitimate?
Teamsters Local 830 Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teamsters Local 830 Scholarship 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:
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Official website here: www.team830funds.org
What is the mission statement of Teamsters Local 830 Scholarship Fund?
The Teamsters Local 830 Scholarship Fund's mission is to offer merit-based financial aid to the dependent children of its members. This fund is designed to assist those who demonstrate academic excellence, good character, and leadership qualities. The primary objective is to help children who might not otherwise have the financial means to pursue a college education, given their family's circumstances. The fund provides financial assistance to members of Teamsters Local 830 who are employed by participating employers, thus extending its support to a wider community.
Official website here: www.team830funds.org
Who is the CEO of Teamsters Local 830 Scholarship Fund?
Daniel Grace is the Trustee of Teamsters Local 830 Scholarship Fund.
Official website here: www.team830funds.org
What is the revenue of Teamsters Local 830 Scholarship Fund?
Teamsters Local 830 Scholarship Fund's revenue in 2022 was $120,200.
Official website here: www.team830funds.org
Who are the executives of Teamsters Local 830 Scholarship Fund and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.team830funds.org
Where can I find the form 990 for Teamsters Local 830 Scholarship Fund?
Teamsters Local 830 Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.team830funds.org
Learn more at the official website: www.team830funds.org
Mission Statement of Teamsters Local 830 Scholarship Fund
Teamsters Local 830 Scholarship Fund is a mission-driven organization dedicated to providing merit-based financial aid to the dependent children of its members. The fund's primary goal is to offer financial assistance to the members of Teamsters Local 830 who are employed by participating employers. These members, in turn, have children who demonstrate outstanding scholastic ability, exhibit good character, and possess leadership qualities. The scholarship fund aims to support these children, who might otherwise struggle to afford a college education due to financial constraints. By providing this financial assistance, Teamsters Local 830 Scholarship Fund seeks to empower the next generation of leaders, ensuring that they have the opportunity to pursue their academic dreams and make meaningful contributions to their communities.
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Impact
October, 2024
The Teamsters Local 830 Scholarship Fund significantly impacts the lives of members and their families by providing merit-based scholarships to dependent children. This initiative offers crucial financial assistance to those who may struggle to afford a college education, fostering opportunities for higher education that might otherwise be out of reach. By recognizing and rewarding scholastic ability, good character, and leadership qualities, the Fund not only assists students in pursuing their academic goals but also nurtures the development of future leaders within the community. This support engenders a sense of pride and motivation among both members and their children, ultimately enhancing the overall educational landscape in Philadelphia and reinforcing the value of education as a pathway to personal and professional growth.
This information is meant to be a general summary of Teamsters Local 830 Scholarship 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 2022.
- Investment Income: $8,380
- Program Service Revenue: $117,526
- Gross Receipts: $134,736
Assets and Liabilities:
- Total Assets: $458,540
- Total Liabilities: $363,390
- Net Assets: $95,150
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$117,526
Organization Details
Founding Year
1975
Phone
(215) 969-1012Principal Officer
Daniel Grace
Main Address
12298 TOWNSEND ROAD 2ND FLOOR, PHILADELPHIA, PA, 19154
Website
www.team830funds.orgNTEE Category
Code: B82 - Education
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