Overview
What is Hfc-Jlc Memorial Scholarship Fund Inc?
Hfc-Jlc Memorial Scholarship Fund Inc is a nonprofit organization situated in Millerstown, Pennsylvania. With a focus on education, the organization specifically aims to support medical students by providing them with scholarships. In 2021, they granted 17 students scholarships ranging from $750 to $2,000 each, totaling $306,250 in financial aid. Their mission is deeply rooted in the provision of educational medical scholarships to qualified students, thereby contributing to the medical field's future.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36% (Zero-Star out of Four Star Rating)
The Hfc-Jlc Memorial Scholarship Fund Inc has received a low rating of 36%, which indicates significant concerns regarding its accountability and financial practices. This score is primarily derived from a single beacon score focused on financial accountability, where the charity scored particularly poorly in several key areas. While the organization demonstrates strong governance with a fully independent board, it lacks essential policies that promote transparency and protect it from potential conflicts of interest.
The organization performed well in some aspects, such as having no material diversion of assets and maintaining records of board meeting minutes. However, the absence of critical policies, including those related to conflict of interest, whistleblower protections, and document retention, raises red flags. Additionally, the charity's program expense ratio stands at only 40.88%, which suggests that a significant portion of funds may not be directed towards its intended programs.
In summary, while the Hfc-Jlc Memorial Scholarship Fund Inc shows some strengths in governance, the lack of key policies and a low program expense ratio contribute to its poor overall rating. Potential donors and supporters should carefully consider these factors when evaluating the organization's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Hfc-Jlc Memorial Scholarship Fund Inc legitimate?
Hfc-Jlc Memorial Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hfc-Jlc Memorial Scholarship 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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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.none
What is the mission statement of Hfc-Jlc Memorial Scholarship Fund Inc?
The Hfc-Jlc Memorial Scholarship Fund Inc is committed to offering Educational Medical Scholarships to deserving students who meet the qualification criteria. The mission of this organization is to financially support these students, providing scholarships ranging from $750 to $2,000 each. As of 2021, the fund has awarded a total of $306,250 in scholarships. The primary objective of this organization is to empower aspiring medical professionals by alleviating some of the financial burden associated with their education.
Official website here: www.none
Who is the CEO of Hfc-Jlc Memorial Scholarship Fund Inc?
Richard B Campbell is the President of Hfc-Jlc Memorial Scholarship Fund Inc.
Official website here: www.none
What is the revenue of Hfc-Jlc Memorial Scholarship Fund Inc?
Hfc-Jlc Memorial Scholarship Fund Inc's revenue in 2021 was $51,101.
Official website here: www.none
Who are the executives of Hfc-Jlc Memorial Scholarship Fund Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Hfc-Jlc Memorial Scholarship Fund Inc
Hfc-Jlc Memorial Scholarship Fund Inc, as its name suggests, is committed to providing educational medical scholarships to deserving students. The organization's mission is centered around supporting students who are pursuing a career in the medical field. In 2021 alone, Hfc-Jlc Memorial Scholarship Fund Inc awarded 17 scholarships to qualified students, with each scholarship ranging from $750 to $2,000. Since its inception, the fund has generously distributed a total of $306,250 in scholarships. The organization's mission is a testament to its dedication to nurturing future medical professionals and contributing to the medical field.
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Impact
August, 2024
The impact of the Hfc-Jlc Memorial Scholarship Fund Inc is evident in the educational opportunities it provides to qualifying students. By awarding scholarships to medical students, the organization is assisting individuals in pursuing their academic and career goals in the medical field. In 2021 alone, the organization awarded scholarships to 17 medical students, ranging from $750 to $2,000 each. Since its inception, the fund has awarded a total of $306,250 in scholarships. This support not only helps students with their financial burden but also encourages and enables them to excel in their studies and contribute to the medical community.
This information is meant to be a general summary of Hfc-Jlc Memorial Scholarship 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 2021.
- Investment Income: $17,356
- Gross Receipts: $51,101
Assets and Liabilities:
- Total Assets: $966,929
- Total Liabilities: $0
- Net Assets: $966,929
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Organization Details
Founding Year
1993
Phone
(717) 418-2781Principal Officer
Richard B Campbell
Main Address
245 W JUNIATA PARKWAY, MILLERSTOWN, PA, 17062
Website
www.noneNTEE Category
Code: B82Z - Education
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