Overview
What is Harvard Business School Association Of So Cal Scholarship Fnd 14-090259?
The Harvard Business School Association of So Cal Scholarship Fnd 14-090259 is a nonprofit organization located at 1020 Manhattan Beach Blvd 204, Manhattan Beach, CA 90266. Its primary mission is to contribute to Harvard Business School by managing assets and providing guidance for fundraising efforts to benefit scholarships for students hailing from Southern California. The organization fulfills this mission by making annual grants to Harvard Business School for scholarships, thereby attracting supporters and working towards the betterment of promising students in the region.
Official website here: www.hbsasc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Harvard Business School Association of Southern California Scholarship Fund has received a Three-Star rating from Charity Navigator, indicating a moderate level of performance and accountability in its operations. The rating is based solely on a beacon score that emphasizes accountability and finance, reflecting the importance of transparent financial practices and responsible governance.
Strengths of the organization include a fully independent board, with 100% of its members independent, and a solid performance in its financial ratios, showing a low liabilities to assets ratio of 0.00%. The charity also allocates a significant portion of its budget to programs, with a program expense ratio of 70.45%, highlighting its commitment to fulfilling its mission through effective program delivery.
However, the organization has some limitations, particularly in governance practices. It lacks several key policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These absences may raise concerns about the organization's overall governance framework and transparency. Improving these areas could enhance its accountability and potentially lead to a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Harvard Business School Association Of So Cal Scholarship Fnd 14-090259 legitimate?
Harvard Business School Association Of So Cal Scholarship Fnd 14-090259 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harvard Business School Association Of So Cal Scholarship Fnd 14-090259 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.hbsasc.org
What is the mission statement of Harvard Business School Association Of So Cal Scholarship Fnd 14-090259?
The mission of Harvard Business School Association of So Cal Scholarship Fnd 14-090259 is to attract supporters and manage assets to grant scholarships for students from Southern California attending Harvard Business School. The organization's primary purpose is to steward its assets to contribute to Harvard Business School, thereby benefiting scholars residing in Southern California. Regularly, the trustees approve grants to Harvard Business School for these scholarships. The association also provides funding guidance to the local chapter of Harvard Business School alumni organization.
Official website here: www.hbsasc.org
Who is the CEO of Harvard Business School Association Of So Cal Scholarship Fnd 14-090259?
Shari Bowles Gibbons is the Trustee of Harvard Business School Association Of So Cal Scholarship Fnd 14-090259.
Official website here: www.hbsasc.org
What is the revenue of Harvard Business School Association Of So Cal Scholarship Fnd 14-090259?
Harvard Business School Association Of So Cal Scholarship Fnd 14-090259's revenue in 2023 was $104,983.
Official website here: www.hbsasc.org
Who are the executives of Harvard Business School Association Of So Cal Scholarship Fnd 14-090259 and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.hbsasc.org
Where can I find the form 990 for Harvard Business School Association Of So Cal Scholarship Fnd 14-090259?
Harvard Business School Association Of So Cal Scholarship Fnd 14-090259's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hbsasc.org
Learn more at the official website: www.hbsasc.org
Mission Statement of Harvard Business School Association Of So Cal Scholarship Fnd 14-090259
The Harvard Business School Association of So Cal Scholarship Fnd 14-090259 is an organization with a mission to support scholars from Southern California who are pursuing their education at Harvard Business School. They attract donors and manage assets to achieve this goal. The organization's purpose is to steward its assets to contribute to Harvard Business School, ultimately benefiting scholars from the Southern California region. The trustees of this foundation annually approve grants to Harvard Business School for these scholarships.
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Impact
October, 2024
The Harvard Business School Association of Southern California Scholarship Fund 14-090259 plays a crucial role in enhancing educational opportunities for students from Southern California who aspire to attend Harvard Business School. By managing and stewarding scholarship assets, the fund ensures that financial barriers are minimized for deserving candidates, thus increasing accessibility to one of the world's premier business education institutions.
Each year, the fund's trustees make significant grants that directly support scholarships at Harvard Business School. This financial assistance is vital for talented individuals who may otherwise struggle to afford the cost of attendance, enabling them to pursue their academic and professional goals. The organization also provides fundraising guidance to the local alumni chapter, fostering a community of supporters who are committed to the development of future business leaders.
Overall, the impact of this fund extends beyond immediate financial support; it cultivates a network of future alumni who can contribute to their communities and industries, perpetuating a cycle of excellence and leadership traced back to the educational support they receive today.
This information is meant to be a general summary of Harvard Business School Association Of So Cal Scholarship Fnd 14-090259. 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: $93,858
- Gross Receipts: $104,983
Assets and Liabilities:
- Total Assets: $2,959,955
- Total Liabilities: $0
- Net Assets: $2,959,955
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Organization Details
Founding Year
1973
Phone
(323) 377-0414Principal Officer
Shari Bowles Gibbons
Main Address
1020 MANHATTAN BEACH BLVD 204, MANHATTAN BEACH, CA, 90266
Website
www.hbsasc.orgNTEE Category
Code: B51I - Education
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