Overview
What is Minneapolis Lodge 19 Scholarship Foundation Inc?
The Minneapolis Lodge 19 Scholarship Foundation is a nonprofit organization, categorized under Section 501(c)(3), dedicated to charitable and educational pursuits. Established in 2009, it has been granting scholarships to deserving individuals pursuing undergraduate or postgraduate degrees. The foundation's primary mission involves awarding these scholarships, thereby supporting the educational aspirations of numerous individuals. The foundation operates with a clear focus on promoting learning and growth, contributing positively to the community.
Official website here: www.mpls19.org/19_scholarship_program.aspx
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
The Minneapolis Lodge 19 Scholarship Foundation Inc has received an 86% score from Charity Navigator, which translates to a Three-Star rating. This rating is primarily based on its Accountability and Finance metrics, indicating a strong commitment to financial integrity and responsible governance. The organization effectively demonstrates transparency and has a fully independent board, which enhances its credibility.
Strengths of the organization include a solid program expense ratio of 77.79%, showing that a significant portion of its funds is directed toward its mission-related activities. Additionally, the foundation has scored perfectly on several accountability measures, such as having a majority of independent board members and a clear conflict of interest policy. The absence of material asset diversion is also a positive indicator of financial stewardship.
However, the foundation does have some limitations, notably the lack of a whistleblower policy and a document retention and destruction policy, which received a score of zero in those categories. Despite these gaps, the overall performance in accountability and finance reflects a commendable effort to operate transparently and responsibly.
This AI summary has been generated from information found on Charity Navigator.
Is Minneapolis Lodge 19 Scholarship Foundation Inc legitimate?
Minneapolis Lodge 19 Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minneapolis Lodge 19 Scholarship Foundation 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
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Official website here: www.mpls19.org/19_scholarship_program.aspx
What is the mission statement of Minneapolis Lodge 19 Scholarship Foundation Inc?
The Minneapolis Lodge 19 Scholarship Foundation operates with a charitable and educational purpose, falling under Section 501(c)(3). Starting in 2009, the foundation has been granting scholarships to individuals who are pursuing undergraduate or graduate studies. The primary objective of these scholarships is to support the educational endeavors of these individuals, thereby contributing to their personal growth and development. The foundation's activities primarily revolve around the provision of scholarships, which serve as a significant financial aid for those in need.
Official website here: www.mpls19.org/19_scholarship_program.aspx
Who is the CEO of Minneapolis Lodge 19 Scholarship Foundation Inc?
Steven J Stromsness is the President of Minneapolis Lodge 19 Scholarship Foundation Inc.
Official website here: www.mpls19.org/19_scholarship_program.aspx
What is the revenue of Minneapolis Lodge 19 Scholarship Foundation Inc?
Minneapolis Lodge 19 Scholarship Foundation Inc's revenue in 2022 was $22,916.
Official website here: www.mpls19.org/19_scholarship_program.aspx
Who are the executives of Minneapolis Lodge 19 Scholarship Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.mpls19.org/19_scholarship_program.aspx
Where can I find the form 990 for Minneapolis Lodge 19 Scholarship Foundation Inc?
Minneapolis Lodge 19 Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mpls19.org/19_scholarship_program.aspx
Learn more at the official website: www.mpls19.org/19_scholarship_program.aspx
Mission Statement of Minneapolis Lodge 19 Scholarship Foundation Inc
The Minneapolis Lodge 19 Scholarship Foundation, functioning under Section 501(c)(3), is dedicated to serving charitable and educational purposes. Commencing in 2009, this organization has taken on a significant role by awarding scholarships to individuals who are pursuing undergraduate or graduate studies. This philanthropic endeavor is a core part of its operations, providing financial assistance to deserving individuals seeking higher education. The foundation's programs primarily revolve around the provision of these scholarships.
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Impact
August, 2024
Minneapolis Lodge 19 Scholarship Foundation Inc has had a significant impact on individuals pursuing undergraduate or graduate studies since its establishment in 2009. By awarding scholarships, the foundation has provided much-needed financial support to deserving students, enabling them to further their education and pursue their academic aspirations. Through its programs, the foundation has not only helped alleviate the financial burden of higher education but has also contributed to the personal and professional development of scholarship recipients. Overall, Minneapolis Lodge 19 Scholarship Foundation Inc's commitment to charitable and educational purposes has made a tangible difference in the lives of students striving to achieve their educational goals.
This information is meant to be a general summary of Minneapolis Lodge 19 Scholarship Foundation 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: $22,916
- Gross Receipts: $30,431
Assets and Liabilities:
- Total Assets: $727,860
- Total Liabilities: $0
- Net Assets: $727,860
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Organization Details
Phone
(612) 353-5583Principal Officer
Steven J Stromsness
Main Address
2011 DUPONT AVE S, MINNEAPOLIS, MN, 554052709
NTEE Category
Code: B82 - Education
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