Overview
What is Aesc Scholarship & Charitable Fund?
The Aesc Scholarship & Charitable Fund is a nonprofit organization situated in Houston, Texas. Its primary mission involves providing educational scholarships to qualified students pursuing post-secondary education at accredited institutions. In 2022, 37 scholarships were awarded to deserving individuals. Additionally, the fund extends its support to two charitable organizations, contributing funds for scholarship programs and operational expenses. In essence, the Aesc Scholarship & Charitable Fund continues its philanthropic endeavors by offering financial assistance to students and contributing to the activities of charitable organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating
The Aesc Scholarship & Charitable Fund has received an 84% score from Charity Navigator, indicating a strong performance in accountability and finance. This rating is based entirely on its Accountability & Finance score, reflecting the charity's commitment to transparent and responsible financial practices during the most recent fiscal year, FY2022.
Notably, the organization boasts a fully independent board, with all 10 members meeting the criteria for independence. Additionally, the fund has demonstrated no material diversion of assets and maintains an excellent liabilities to assets ratio of 0.00%. Its program expense ratio is also commendable at 89.37%, signifying that a significant portion of its resources is being allocated directly towards its charitable programs.
However, while the financial metrics are strong, the information does not provide insights into the organization's operational effectiveness or impact on the communities it serves. Future evaluations could benefit from additional data on program outcomes and beneficiary feedback to present a more comprehensive view of the charity's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Aesc Scholarship & Charitable Fund legitimate?
Aesc Scholarship & Charitable Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aesc Scholarship & Charitable 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Aesc Scholarship & Charitable Fund?
The Aesc Scholarship & Charitable Fund's mission is centered around providing educational opportunities and supporting charitable organizations. Specifically, they offer scholarships to individuals for post-secondary education at state-accepted schools. Furthermore, the fund donates to charitable organizations, utilizing the funds for scholarships and operational support. In 2022, 37 scholarships were awarded, demonstrating their commitment to supporting students in their educational pursuits.
Who is the CEO of Aesc Scholarship & Charitable Fund?
Timothy Tarpley is the Director of Aesc Scholarship & Charitable Fund. The CEO's salary of Aesc Scholarship & Charitable Fund is $0 and their total compensation is $700,016.
What is the revenue of Aesc Scholarship & Charitable Fund?
Aesc Scholarship & Charitable Fund's revenue in 2022 was $26,082.
Who are the executives of Aesc Scholarship & Charitable Fund and what are their salaries?
There 3 volunteers at Aesc Scholarship & Charitable Fund.
Here are 7 key members and their salaries (Aesc Scholarship & Charitable Fund's CEO's salary is $0 and their total compensation is $700,016):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $652,851
- Other: $47,165
- Compensation: $0
- Related: $98,269
- Other: $15,682
- Compensation: $0
- Related: $100,962
- Other: $7,234
- Compensation: $0
- Related: $298,050
- Other: $64,219
Where can I find the form 990 for Aesc Scholarship & Charitable Fund?
Aesc Scholarship & Charitable Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aesc Scholarship & Charitable Fund
The Aesc Scholarship & Charitable Fund is a mission-driven organization that focuses on two primary areas: providing educational scholarships to individuals and making donations to charitable organizations. Their mission is to empower people by investing in their futures through education and aiding organizations that share similar values. In 2022, they awarded 37 scholarships to deserving students, enabling them to pursue post-secondary education at state-accepted schools. Additionally, the fund has been actively supporting two charitable organizations by providing them with financial assistance for scholarships and operational needs. By combining educational support and charitable giving, the Aesc Scholarship & Charitable Fund is making a significant impact in the lives of many individuals and organizations.
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Impact
August, 2024
The Aesc Scholarship & Charitable Fund has had a significant impact through its provision of educational scholarships to individuals and donations to charitable organizations. In 2022 alone, the organization awarded 37 scholarships to students for post-secondary education at state-accepted schools. Additionally, funds were allocated to two charitable organizations to support scholarships and operational needs. This support directly contributes to the educational advancement of individuals and the operational effectiveness of charitable organizations.
This information is meant to be a general summary of Aesc Scholarship & Charitable 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: $6,308
- Gross Receipts: $39,587
Assets and Liabilities:
- Total Assets: $335,194
- Total Liabilities: $0
- Net Assets: $335,194
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Organization Details
Founding Year
1980
Phone
(713) 932-0168Principal Officer
Timothy Tarpley
Main Address
2500 CITYWEST BLVD 1110, HOUSTON, TX, 77042
NTEE Category
Code: B82 - Education
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