Overview
What is Alfond Scholarship Foundation?
The Alfond Scholarship Foundation, situated in Portland, Maine, is a small nonprofit organization with a mission to encourage and financially support the higher education aspirations of Maine's children. Based at 482 Congress Street Suite 303, the foundation oversees the Harold Alfond College Challenge program, also known as the My Alfond Grant Program. Its primary objective is to incentivize scholarships for Maine children, thereby fostering their access to and preparation for higher education. With a modest team of two employees, the Alfond Scholarship Foundation plays a significant role in supporting Maine's youth in their academic pursuits.
Official website here: www.alfondscholarshipfoundation.org/
Is Alfond Scholarship Foundation legitimate?
Alfond Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alfond Scholarship Foundation 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: $134,259
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,000
For more financial information, click here
Official website here: www.alfondscholarshipfoundation.org/
What is the mission statement of Alfond Scholarship Foundation?
The Alfond Scholarship Foundation's mission is to facilitate higher education opportunities for Maine's children. By providing incentive scholarship grants, the foundation aims to encourage and support the aspirations of these young individuals in their pursuit of higher education. Furthermore, the foundation is committed to enhancing Maine children's access to and preparation for higher education, contributing to their overall development. The Alfond Scholarship Foundation is responsible for managing the Harold Alfond College Challenge program, also known as the My Alfond Grant Program, which is a part of its activities.
Official website here: www.alfondscholarshipfoundation.org/
Who is the CEO of Alfond Scholarship Foundation?
Colleen Quint is the Director of Alfond Scholarship Foundation. The CEO's salary of Alfond Scholarship Foundation is $134,259 and their total compensation is $152,021.
Official website here: www.alfondscholarshipfoundation.org/
What is the revenue of Alfond Scholarship Foundation?
Alfond Scholarship Foundation's revenue in 2022 was $7,474,819.
Official website here: www.alfondscholarshipfoundation.org/
Who are the executives of Alfond Scholarship Foundation and what are their salaries?
The average compensation at Alfond Scholarship Foundation during 2022 was $92,130. There are 2 employees at Alfond Scholarship Foundation.
Here are 16 key members and their salaries (Alfond Scholarship Foundation's CEO's salary is $134,259 and their total compensation is $152,021):
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- Compensation: $134,259
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Official website here: www.alfondscholarshipfoundation.org/
Where can I find the form 990 for Alfond Scholarship Foundation?
Alfond Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alfondscholarshipfoundation.org/
Learn more at the official website: www.alfondscholarshipfoundation.org/
Mission Statement of Alfond Scholarship Foundation
The Alfond Scholarship Foundation, with its mission at its core, is committed to providing incentive scholarship grants to children residing in Maine. This nonprofit organization aims to fuel the aspirations of Maine's children, offering them the necessary support to access and prepare for higher education. By offering these scholarships, the Alfond Scholarship Foundation plays a significant role in fostering opportunities for these young individuals, enabling them to pursue their educational goals and shape their futures. The foundation is responsible for overseeing the Harold Alfond College Challenge program, also known as the My Alfond Grant Program, which further reinforces its dedication to encouraging Maine's children in their pursuit of higher education.
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Impact
October, 2024
The Alfond Scholarship Foundation significantly impacts Maine's youth by fostering a culture of higher education through its scholarship initiatives. Through the Harold Alfond College Challenge, commonly referred to as the My Alfond Grant Program, the foundation incentivizes Maine children by providing scholarship grants that encourage saving for college. This program not only enhances access to higher education but also empowers students and families by supporting their aspirations and financial preparations for college. By promoting educational attainment, the foundation plays a crucial role in shaping a brighter future for Maine’s children, ultimately contributing to the state’s overall growth and development.
This information is meant to be a general summary of Alfond Scholarship Foundation. 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: $208
- Gross Receipts: $7,474,819
Assets and Liabilities:
- Total Assets: $2,013,971
- Total Liabilities: $1,609,963
- Net Assets: $404,008
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Organization Details
Founding Year
2007
Phone
(207) 347-8638Principal Officer
Colleen Quint
Main Address
482 Congress Street Suite 303, Portland, ME, 04101
NTEE Category
Code: B82 - Education
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