Overview
What is Mamaroneck-Larchmont Student Aid Fund Inc?
Mamaroneck-Larchmont Student Aid Fund Inc, situated in Larchmont, New York, is a dedicated nonprofit organization. Their primary purpose is to extend financial aid in the form of scholarships to deserving students who demonstrate a genuine financial need to further their education at a college level. The organization's mission revolves around providing financial assistance to eligible students, ensuring that financial constraints do not hinder their educational pursuits.
Official website here: www.mlstudentaidfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
The Mamaroneck-Larchmont Student Aid Fund Inc has achieved a commendable score of 90%, indicating strong performance in accountability and finance. The organization's high rating is primarily attributed to its excellent management practices, including having a fully independent board of members and no material diversion of assets. This reflects transparency and a commitment to ethical governance.
Strengths identified in the evaluation include a solid program expense ratio of 96.17%, which signifies that a significant portion of resources is directed towards its mission of providing financial assistance to students. Additionally, the organization has well-documented policies, such as a conflict of interest policy and a document retention policy, further enhancing its credibility and operational integrity.
However, the organization did not have a whistleblower policy, which is noted as a limitation. While this may not significantly impact its overall performance, it suggests an area for improvement that could strengthen its governance framework further. Overall, the Mamaroneck-Larchmont Student Aid Fund Inc demonstrates a strong commitment to transparency and effective resource allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Mamaroneck-Larchmont Student Aid Fund Inc legitimate?
Mamaroneck-Larchmont Student Aid Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mamaroneck-Larchmont Student Aid Fund 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.mlstudentaidfund.org
What is the mission statement of Mamaroneck-Larchmont Student Aid Fund Inc?
The Mamaroneck-Larchmont Student Aid Fund has a mission to provide financial aid in the form of college scholarships to eligible students, based on their financial needs. This non-profit organization aims to support students in furthering their education and achieving their academic goals. By offering scholarships, the fund empowers deserving students, enabling them to pursue higher education without being burdened by financial constraints. The organization's activities are centered around identifying eligible students and providing them with the necessary financial assistance to cover their college expenses.
Official website here: www.mlstudentaidfund.org
Who is the CEO of Mamaroneck-Larchmont Student Aid Fund Inc?
Bonni Kingsley is the President of Mamaroneck-Larchmont Student Aid Fund Inc.
Official website here: www.mlstudentaidfund.org
What is the revenue of Mamaroneck-Larchmont Student Aid Fund Inc?
Mamaroneck-Larchmont Student Aid Fund Inc's revenue in 2022 was $552,603.
Official website here: www.mlstudentaidfund.org
Who are the executives of Mamaroneck-Larchmont Student Aid Fund Inc and what are their salaries?
Here are 20 key members and their salaries:
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Official website here: www.mlstudentaidfund.org
Where can I find the form 990 for Mamaroneck-Larchmont Student Aid Fund Inc?
Mamaroneck-Larchmont Student Aid Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mlstudentaidfund.org
Learn more at the official website: www.mlstudentaidfund.org
Mission Statement of Mamaroneck-Larchmont Student Aid Fund Inc
Mamaroneck-Larchmont Student Aid Fund is an organization dedicated to providing financial aid in the form of college scholarships to eligible students who are in need. This nonprofit's mission is centered around recognizing the financial barriers that many students face in pursuit of higher education and strives to alleviate some of that burden by offering scholarships based on financial need. By doing so, Mamaroneck-Larchmont Student Aid Fund aims to empower deserving students to further their education and build a brighter future for themselves.
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Impact
July, 2024
Mamaroneck-Larchmont Student Aid Fund Inc's impact is significant in providing financial need-based college scholarships to eligible students in Larchmont, NY. Through their mission to support students in pursuing higher education, they are helping individuals access opportunities they may not have had otherwise. This assistance plays a key role in empowering students to achieve their academic and career goals, ultimately contributing to the overall growth and success of the community.
This information is meant to be a general summary of Mamaroneck-Larchmont Student Aid Fund 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 2022.
- Investment Income: $41,637
- Gross Receipts: $947,077
Assets and Liabilities:
- Total Assets: $2,317,892
- Total Liabilities: $0
- Net Assets: $2,317,892
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Organization Details
Founding Year
1937
Phone
(914) 834-6336Principal Officer
Bonni Kingsley
Main Address
PO BOX 606, LARCHMONT, NY, 10538
Website
www.mlstudentaidfund.orgNTEE Category
Code: B82Z - Education
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