Overview
What is Roxbury Scholarship Foundation Inc?
Roxbury Scholarship Foundation Inc is a charitable organization situated in Roxbury, Connecticut. Their primary mission is to extend financial aid in the form of scholarships to local residents. These scholarships are intended for undergraduate or postgraduate studies at recognized two- or four-year colleges, universities, or vocational schools that award degrees upon completion. The Foundation's goal is to empower the residents of Roxbury with educational opportunities, contributing to their personal and professional growth.
Official website here: www.roxburyscholarshipfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
The Roxbury Scholarship Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating is primarily based on the organization's accountability and finance practices, indicating a strong commitment to financial integrity. The organization has demonstrated excellent governance, with all board members being independent and a perfect score in accountability metrics like asset diversion and financial management ratios.
Strengths of the foundation include a high program expense ratio of 82.51%, which suggests that a significant portion of its funds is allocated directly to its charitable activities. Additionally, the foundation scored well on transparency aspects, such as maintaining board meeting minutes and having its tax forms accessible on its website. However, it is noteworthy that the Roxbury Scholarship Foundation is lacking in critical policies, specifically a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could impact its overall governance standards.
While the foundation performs well in many areas, the absence of certain governance policies may raise concerns regarding oversight and risk management. Potential donors and stakeholders may wish to consider these limitations while assessing the foundation's overall effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Roxbury Scholarship Foundation Inc legitimate?
Roxbury Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Roxbury Scholarship Foundation 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.roxburyscholarshipfoundation.org
What is the mission statement of Roxbury Scholarship Foundation Inc?
The Roxbury Scholarship Foundation Inc has a mission to provide financial aid in the form of scholarships to eligible individuals. This organization aims to support residents of a specific area, in this case, Roxbury, Connecticut, in pursuing their educational goals. The scholarships are designed for use in undergraduate or graduate programs at accredited institutions, including two-year colleges, universities, and vocational schools that offer degrees upon completion. The primary objective of the Roxbury Scholarship Foundation Inc is to empower local residents by alleviating some of the financial burdens associated with higher education.
Official website here: www.roxburyscholarshipfoundation.org
Who is the CEO of Roxbury Scholarship Foundation Inc?
Anthony Benivegna is the President/Tr of Roxbury Scholarship Foundation Inc.
Official website here: www.roxburyscholarshipfoundation.org
What is the revenue of Roxbury Scholarship Foundation Inc?
Roxbury Scholarship Foundation Inc's revenue in 2023 was $98,796.
Official website here: www.roxburyscholarshipfoundation.org
Who are the executives of Roxbury Scholarship Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.roxburyscholarshipfoundation.org
Where can I find the form 990 for Roxbury Scholarship Foundation Inc?
Roxbury Scholarship Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.roxburyscholarshipfoundation.org
Learn more at the official website: www.roxburyscholarshipfoundation.org
Mission Statement of Roxbury Scholarship Foundation Inc
The Roxbury Scholarship Foundation Inc, as its name suggests, is committed to providing scholarships. This nonprofit organization's mission is geared towards supporting residents of Roxbury, Connecticut. More specifically, it offers scholarships to these individuals for their pursuit of higher education. This financial aid can be utilized in undergraduate or graduate programs at accredited two or four-year colleges, universities, or state-approved schools offering trade instruction, where a degree is awarded upon completion. By providing these scholarships, the Roxbury Scholarship Foundation Inc aims to contribute to the academic growth and future success of its beneficiaries.
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Impact
October, 2024
The Roxbury Scholarship Foundation Inc significantly impacts the community by empowering residents of Roxbury, Connecticut, to pursue higher education. By providing scholarships for both undergraduate and graduate programs, as well as trade instruction at accredited institutions, the foundation helps to alleviate the financial burden associated with education. This not only opens doors for individual students but also fosters a more educated and skilled community. By investing in the future of its residents, the foundation promotes lifelong learning and personal growth, ultimately contributing to the overall development and improved economic prospects of Roxbury.
This information is meant to be a general summary of Roxbury Scholarship Foundation 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: $72,955
- Gross Receipts: $341,529
Assets and Liabilities:
- Total Assets: $2,962,443
- Total Liabilities: $0
- Net Assets: $2,962,443
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Organization Details
Founding Year
1970
Phone
(860) 354-5140Principal Officer
Anthony Benivegna
Main Address
PO BOX 106, ROXBURY, CT, 06783
NTEE Category
Code: B82Z - Education
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