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Scholarship Foundation At Leisure World Of Maryland Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237222293 ✦ Silver spring, MD ✦ Designated as a 501(c)(3)

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Overview

What is Scholarship Foundation At Leisure World Of Maryland Inc?

The Scholarship Foundation at Leisure World of Maryland Inc is a nonprofit organization situated in Silver Spring, Maryland. Its primary mission is to contribute to charitable, educational, and social welfare causes, with a significant focus on providing college scholarships to high school students residing in Maryland. The foundation receives and distributes donations to support these objectives, thereby contributing to the educational pursuits of deserving students in the state.

Is Scholarship Foundation At Leisure World Of Maryland Inc legitimate?

Scholarship Foundation At Leisure World Of Maryland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarship Foundation At Leisure World Of Maryland 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.


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

What is the mission statement of Scholarship Foundation At Leisure World Of Maryland Inc?

The Scholarship Foundation at Leisure World of Maryland Inc is dedicated to receiving and distributing donations for various charitable, educational, and social welfare purposes. One of its significant activities involves providing college scholarships to high school students residing in Maryland. Through these scholarships, the foundation supports the higher education aspirations of young individuals, contributing to their personal growth and future prospects. The foundation also awards scholarships to students attending Maryland universities, furthering its commitment to educational advancement.

Who is the CEO of Scholarship Foundation At Leisure World Of Maryland Inc?

Marian Hayden is the President of Scholarship Foundation At Leisure World Of Maryland Inc.

What is the revenue of Scholarship Foundation At Leisure World Of Maryland Inc?

Scholarship Foundation At Leisure World Of Maryland Inc's revenue in 2022 was $42,774.

Who are the executives of Scholarship Foundation At Leisure World Of Maryland Inc and what are their salaries?


Here are 4 key members and their salaries:


Arthur B Rounds (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judith F Duarte (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Woods (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marian Hayden (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Scholarship Foundation At Leisure World Of Maryland Inc?

Scholarship Foundation At Leisure World Of Maryland Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Scholarship Foundation At Leisure World Of Maryland Inc

The Scholarship Foundation at Leisure World of Maryland Inc is committed to a mission that involves receiving and distributing donations for charitable, educational, and other social welfare purposes. Its significant activity lies in providing college scholarships to high school students hailing from Maryland. The organization extends its financial aid to students who further their education at universities within the state, and it also awards scholarships to deserving students attending high schools in Maryland. By offering these scholarships, the Scholarship Foundation at Leisure World of Maryland Inc contributes to the higher education of its local youth, thereby investing in their future and potential contributions to society.

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Impact




October, 2024

The Scholarship Foundation at Leisure World of Maryland Inc significantly impacts the educational landscape by providing financial support to high school students in Maryland pursuing higher education. By offering scholarships to students intending to attend Maryland universities, the foundation alleviates some of the financial burdens associated with college tuition, making higher education more accessible.

This initiative not only fosters academic achievement but also encourages students to pursue their goals without the overwhelming stress of financial constraints. Awards given to high school students further motivate them to excel academically and engage in their communities, ultimately contributing to their personal growth and the welfare of society. The foundation plays a crucial role in nurturing future leaders and innovators by investing in the educational journeys of young people in the Silver Spring area.




This information is meant to be a general summary of Scholarship Foundation At Leisure World Of Maryland 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.

Revenue
$42,774 (2022)
Expenses
$64,181 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $37,949
  • Gross Receipts: $42,774

Assets and Liabilities:

  • Total Assets: $239,229
  • Total Liabilities: $0
  • Net Assets: $239,229

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Organization Details

Founding Year

1992

Principal Officer

Marian Hayden

Main Address

3700 ROSSMOOR BLVD, SILVER SPRING, MD, 20906

NTEE Category

Code: T70Z - Philanthropy

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