Overview
What is Ryan Odelle Mance Memorial Scholarship Foundation?
The Ryan Odelle Mance Memorial Scholarship Foundation is a nonprofit organization based in Accokeek, Maryland. Their primary mission is to provide financial aid to African American male students, with a recent scholarship distribution totaling $52,500 to various scholars in various universities. The foundation awards scholarships to support undergraduate and graduate studies, as well as to help alleviate college debt. The scholarships were divided, with half being distributed in August 2021 and the remaining half in January 2022. The foundation continues its mission to assist promising African American male students in pursuing their higher education goals.
Official website here: www.ryanomancefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Ryan Odelle Mance Memorial Scholarship Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The foundation's score is based entirely on its financial practices, reflecting strong governance with a fully independent board and no material diversion of assets. The organization effectively utilizes 80.76% of its expenses for program initiatives, demonstrating a commitment to its mission.
Despite these strengths, the foundation has some areas for improvement. Notably, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction. These omissions could pose risks to governance and accountability, which are critical for maintaining donor trust and operational integrity.
Overall, while the foundation shows a commendable commitment to its programs and financial responsibility, the absence of specific governance policies indicates that there is room for strengthening its operational framework. Addressing these gaps would enhance its overall rating and impact in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ryan Odelle Mance Memorial Scholarship Foundation legitimate?
Ryan Odelle Mance Memorial Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ryan Odelle Mance Memorial 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.
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Official website here: www.ryanomancefoundation.org
What is the mission statement of Ryan Odelle Mance Memorial Scholarship Foundation?
The Ryan Odelle Mance Memorial Scholarship Foundation's primary mission is to provide financial assistance in the form of scholarships to African American male students. This foundation aims to support the academic pursuits of these individuals, thereby potentially contributing to their future success and personal growth. On August 21, 2021, the foundation awarded its remaining scholars a total of $52,500, with specific amounts allocated to students at various educational institutions. This generous act further underscores the foundation's commitment to helping African American male students achieve their educational goals.
Official website here: www.ryanomancefoundation.org
Who is the CEO of Ryan Odelle Mance Memorial Scholarship Foundation?
Patricia A Daniels is the President/Chairperson of Ryan Odelle Mance Memorial Scholarship Foundation.
Official website here: www.ryanomancefoundation.org
What is the revenue of Ryan Odelle Mance Memorial Scholarship Foundation?
Ryan Odelle Mance Memorial Scholarship Foundation's revenue in 2021 was $22,199.
Official website here: www.ryanomancefoundation.org
Who are the executives of Ryan Odelle Mance Memorial Scholarship Foundation and what are their salaries?
There 3 volunteers at Ryan Odelle Mance Memorial Scholarship Foundation.
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Official website here: www.ryanomancefoundation.org
Where can I find the form 990 for Ryan Odelle Mance Memorial Scholarship Foundation?
Ryan Odelle Mance Memorial Scholarship Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.ryanomancefoundation.org
Learn more at the official website: www.ryanomancefoundation.org
Mission Statement of Ryan Odelle Mance Memorial Scholarship Foundation
The Ryan Odelle Mance Memorial Scholarship Foundation is an organization committed to providing financial aid to African American male students. Its primary mission is to award scholarships to deserving individuals, aiming to support their educational pursuits. On August 21, 2021, the foundation held a final celebration and awarded scholarships totaling $52,500 to its remaining scholars. This included a $9,500 scholarship to a fourth-year undergraduate student at Towson University, a $17,000 scholarship to a second-year graduate student at Temple University, a $19,000 scholarship to a first-year undergraduate student at North Carolina A&T University, and a $7,000 grant to assist with college debt for a graduate who had completed his studies in 2021 from George Mason University and Augusta Health Medical Center. Half of this amount was disbursed on August 24, 2021, to the scholars' institutions or Sallie Mae, with the remaining half being sent on January 17, 2022. The Ryan Odelle Mance Memorial Scholarship Foundation's mission is to empower African American male students by providing them with the financial means to pursue their higher education.
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Impact
October, 2024
The Ryan Odelle Mance Memorial Scholarship Foundation significantly impacts the educational journeys of African American male students by providing financial assistance through scholarships. In 2021, the foundation awarded a total of $52,500 to support various scholars, enabling them to pursue their academic goals without the burden of excessive financial strain.
These scholarships not only help cover tuition but also assist with college debt, making higher education more accessible. By distributing funds to students at institutions such as Towson University, Temple University, and North Carolina A&T University, the foundation plays a critical role in fostering academic achievement and support for African American males, promoting their success in higher education and beyond.
This commitment to education reflects a broader dedication to empowering young men in their pursuit of academic excellence and professional development, helping to create a more equitable opportunity landscape in higher education.
This information is meant to be a general summary of Ryan Odelle Mance Memorial 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 2021.
- Investment Income: $24
- Gross Receipts: $22,199
Assets and Liabilities:
- Total Assets: $23,643
- Total Liabilities: $0
- Net Assets: $23,643
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Organization Details
Founding Year
2008
Phone
(301) 283-0287Principal Officer
Patricia A Daniels
Main Address
PO BOX 725, ACCOKEEK, MD, 206079706
Website
www.ryanomancefoundation.orgNTEE Category
Code: B82 - Education
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