Overview
What is Art Rooney Scholarship Fund?
The Art Rooney Scholarship Fund is a nonprofit organization situated in Pittsburgh, Pennsylvania. Its primary mission is to provide financial assistance to deserving high school students who require financial aid for their college education. To accomplish this, the fund awards annual scholarships amounting to $20,000 per student, payable in four installments of $5,000 each, directly to the chosen student's college or university. This generous financial aid initiative aims to support the higher education aspirations of financially disadvantaged students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 73%)
The Art Rooney Scholarship Fund has received a two-star rating from Charity Navigator, indicating that it needs improvement in certain areas, despite a reasonably high overall score of 73%. The organization demonstrates a strong commitment to accountability and finances, with perfect scores in several categories including the independence of its board members and the management of assets, suggesting effective governance and oversight.
Strengths of the organization include a high program expense ratio of 92.69%, which indicates that a significant majority of its funds are directed towards its charitable programs rather than administrative costs. The board is entirely independent, and the organization has shown competence in maintaining proper governance practices, as evidenced by its documentation of board meeting minutes.
However, the overall rating signifies that there are areas for growth. While the organization excels in certain financial practices, the two-star rating implies that more transparency or improvements in operational effectiveness may be necessary to enhance its impact and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Art Rooney Scholarship Fund legitimate?
Art Rooney Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Art Rooney 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Art Rooney Scholarship Fund?
The Art Rooney Scholarship Fund's mission is to award annual scholarships to financially disadvantaged high school students, enabling them to pursue higher education. The scholarship amount is $20,000 per student, distributed in four annual installments of $5,000 each, directly to the student's chosen college or university. The fund's primary goal is to provide financial assistance to deserving students, thereby fostering their academic growth and future prospects.
Who is the CEO of Art Rooney Scholarship Fund?
Arthur J Rooney Ii is the V.P./Asst. Secretary/Direc of Art Rooney Scholarship Fund.
What is the revenue of Art Rooney Scholarship Fund?
Art Rooney Scholarship Fund's revenue in 2022 was $74,293.
Who are the executives of Art Rooney Scholarship Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Art Rooney Scholarship Fund?
Art Rooney Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Art Rooney Scholarship Fund
The Art Rooney Scholarship Fund is an organization that annually awards scholarships to financially disadvantaged high school students, enabling them to attend college. The scholarship, valued at $20,000 per student, is divided into four equal payments of $5,000 each, paid directly to the student's chosen college or university. This philanthropic initiative aims to support deserving students in pursuing higher education, thereby providing them with opportunities to build a better future.
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Impact
August, 2024
The impact of the Art Rooney Scholarship Fund is significant and far-reaching. This organization awards annual scholarships to needy high school students, providing them with the opportunity to attend college. The scholarship amount is $20,000 per student, payable to the student's college or university in four annual payments of $5,000. By offering this financial assistance, the Art Rooney Scholarship Fund is helping to break down financial barriers and make higher education more accessible to deserving students. This support not only benefits the individual recipients but also contributes to the overall mission of promoting educational attainment and opportunity.
This information is meant to be a general summary of Art Rooney 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: $625
- Gross Receipts: $178,850
Assets and Liabilities:
- Total Assets: $601,781
- Total Liabilities: $90,000
- Net Assets: $511,781
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Organization Details
Founding Year
1989
Phone
(412) 562-8800Principal Officer
Arthur J Rooney Ii
Main Address
3400 SOUTH WATER STREET, PITTSBURGH, PA, 15203
NTEE Category
Code: B82 - Education
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