Overview
What is State Of Maine Caddie Scholarship Fund?
The State of Maine Caddie Scholarship Fund is a charitable organization located at 2 Old County Road, Freeport, Maine. Its primary mission is to aid deserving Maine residents with a passion for golf in pursuing higher education or technical training of university level. The fund offers scholarships ranging from $1,500 per academic year to a maximum of $6,000 over four consecutive years, or an amount determined by the board. In addition, the fund annually awards scholarships worth $5,000 each to one male and one female student.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The State Of Maine Caddie Scholarship Fund has received a rating of 73%, indicating a moderate level of accountability and transparency. The organization demonstrates strong governance with a fully independent board and no material diversion of assets, contributing to its positive financial health as evidenced by a 0.00% liabilities to assets ratio and a high program expense ratio of 85.78%.
However, the organization has significant gaps in its accountability policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy, as well as missing information on its website such as the tax form, highlights areas needing improvement. These deficiencies have impacted the organization's overall rating, resulting in a two-star designation.
While the fund effectively allocates resources toward its programs, enhancing transparency and establishing crucial policies could strengthen donor trust and improve its rating in the future. Addressing these concerns is vital for maintaining credibility and fostering long-term support.
This AI summary has been generated from information found on Charity Navigator.
Is State Of Maine Caddie Scholarship Fund legitimate?
State Of Maine Caddie Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. State Of Maine Caddie 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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What is the mission statement of State Of Maine Caddie Scholarship Fund?
The State of Maine Caddie Scholarship Fund's mission is to aid deserving individuals in Maine who have a passion for golf, by providing them with financial assistance to pursue higher education or technical training of university level. The fund offers scholarships annually, with each student receiving up to $1,500 per academic year, up to a maximum of $6,000 for four consecutive years, or an amount determined by the board. Additionally, the fund awards two annual scholarships worth $5,000 each, one for a boy and one for a girl. The fund's primary objective is to support the academic aspirations of young golf enthusiasts in Maine.
Who is the CEO of State Of Maine Caddie Scholarship Fund?
Neil Angis is the Director of State Of Maine Caddie Scholarship Fund.
What is the revenue of State Of Maine Caddie Scholarship Fund?
State Of Maine Caddie Scholarship Fund's revenue in 2022 was $36,716.
Who are the executives of State Of Maine Caddie Scholarship Fund and what are their salaries?
There 11 volunteers at State Of Maine Caddie Scholarship Fund.
Here are 12 key members and their salaries:
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- Related: $110,000
- Other: $2,653
Where can I find the form 990 for State Of Maine Caddie Scholarship Fund?
State Of Maine Caddie Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of State Of Maine Caddie Scholarship Fund
The State of Maine Caddie Scholarship Fund is dedicated to assisting deserving individuals in Maine who have a deep-rooted interest in golf. Its mission is to help these individuals attain a higher education or obtain technical training of university grade. By providing scholarships, the fund aims to contribute to the academic growth and development of these individuals, offering financial aid in the amount of $1,500 per academic year, up to a maximum of $6,000 for four consecutive years, or an amount determined by the board. Furthermore, the fund annually awards scholarships of $5,000 each to one male and one female candidate, thereby recognizing and supporting their passion for golf and education.
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Impact
August, 2024
The State of Maine Caddie Scholarship Fund's impact is significant in providing deserving Maine individuals with a special interest in golf the opportunity to obtain a college education or technical training of university grade. Through scholarships amounting to $1,500 per academic year, with a maximum of $6,000 for four consecutive years, or an amount determined by the board, the fund supports qualified and deserving college students in pursuing their higher education goals. Additionally, the fund also awards annual scholarships of $5,000 each to one boy and one girl. This impactful initiative in Freeport, ME, underpins the mission of assisting individuals in achieving their educational aspirations while emphasizing the value of golf.
This information is meant to be a general summary of State Of Maine Caddie 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: $20,069
- Gross Receipts: $412,274
Assets and Liabilities:
- Total Assets: $1,513,142
- Total Liabilities: $0
- Net Assets: $1,513,142
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Organization Details
Founding Year
1952
Phone
(207) 829-3549Principal Officer
Neil Angis
Main Address
2 OLD COUNTY ROAD, FREEPORT, ME, 04032
NTEE Category
Code: B84 - Education
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