Overview
What is New Bedford Star Kids Scholarship Program Inc?
New Bedford Star Kids Scholarship Program Inc is a nonprofit organization situated in New Bedford, Massachusetts. Their primary mission is to offer educational opportunities to high-risk, low-income children who have a parent with a history of incarceration or substance abuse. They achieve this by providing financial assistance for tuition at effective non-public schools, purchasing uniforms, funding after-school and summer programs, offering tutoring, and facilitating mentoring. The program supported around 124 students, and their team comprises four dedicated individuals.
Official website here: www.starkidsprogram.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating).
The New Bedford Star Kids Scholarship Program Inc has received a respectable Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is derived entirely from its Accountability & Finance score of 81%, which reflects the organization's commitment to maintaining strong financial practices and governance.
One of the organization's notable strengths is its fully independent board, consisting of 13 members, which ensures unbiased decision-making. Additionally, the charity demonstrates high accountability with no material diversion of assets and a favorable liabilities-to-assets ratio of just 1.33%. The organization also has comprehensive policies in place, such as a conflict of interest policy and a whistleblower policy, highlighting its commitment to ethical practices.
However, while the charity excels in accountability and finance, potential donors might want to explore more about its program impact and effectiveness, as the rating does not provide insight into the outcomes of its scholarship initiatives for recipients. Overall, the organization shows a solid financial foundation, which is crucial for nonprofit sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is New Bedford Star Kids Scholarship Program Inc legitimate?
New Bedford Star Kids Scholarship Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Bedford Star Kids Scholarship Program 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
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Other Salaries and Wages: $197,418
For more financial information, click here
Official website here: www.starkidsprogram.org
What is the mission statement of New Bedford Star Kids Scholarship Program Inc?
The New Bedford Star Kids Scholarship Program Inc is committed to offering educational opportunities for high-risk, low-income children who have a parent with a history of incarceration or substance abuse. This is achieved through providing tuition aid for effective non-public schools, supplementing uniforms, funding after-school and summer programs, offering tutoring, and providing mentoring services. The program aims to extend its support beyond financial assistance, offering personal support to approximately 124 students, encompassing after-school activities, summer programs, and mentoring sessions.
Official website here: www.starkidsprogram.org
What is the revenue of New Bedford Star Kids Scholarship Program Inc?
New Bedford Star Kids Scholarship Program Inc's revenue in 2024 was $1,782,907.
Official website here: www.starkidsprogram.org
Who are the executives of New Bedford Star Kids Scholarship Program Inc and what are their salaries?
The average compensation at New Bedford Star Kids Scholarship Program Inc during 2024 was $39,484. There are 5 employees at New Bedford Star Kids Scholarship Program Inc.
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Official website here: www.starkidsprogram.org
Where can I find the form 990 for New Bedford Star Kids Scholarship Program Inc?
New Bedford Star Kids Scholarship Program Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.starkidsprogram.org
Learn more at the official website: www.starkidsprogram.org
Mission Statement of New Bedford Star Kids Scholarship Program Inc
New Bedford Star Kids Scholarship Program Inc is dedicated to offering educational opportunities to children who are at risk and come from economically disadvantaged backgrounds. The organization specifically focuses on children whose parents have a history of incarceration and/or substance abuse. By providing tuition aid to effective non-public schools, uniforms, after-school and summer programs, tutoring, and mentoring, it aims to enrich their lives and set them on a path towards a better future. The program's mission is to empower these children, thereby contributing to their overall development and growth. In doing so, New Bedford Star Kids Scholarship Program Inc has provided financial assistance and personal support to approximately 124 students.
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Impact
July, 2024
The New Bedford Star Kids Scholarship Program provides crucial educational opportunities to high-risk, low-income children who have a parent with a history of incarceration and/or substance abuse. The program offers tuition aid to effective non-public schools, supports with uniforms, after-school and summer programs, as well as tutoring and mentoring services. Approximately 124 students have benefited from this program, receiving financial assistance and personal support to help them succeed academically and personally. This initiative plays a vital role in breaking the cycle of adversity these children face, empowering them to reach their full potential and access quality education.
This information is meant to be a general summary of New Bedford Star Kids Scholarship Program 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 2024.
- Investment Income: $5,591
- Gross Receipts: $1,802,161
Assets and Liabilities:
- Total Assets: $436,055
- Total Liabilities: $5,852
- Net Assets: $430,203
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Organization Details
Founding Year
2009
Principal Officer
Josh Pacos
Website
www.starkidsprogram.orgNTEE Category
Code: B82 - Education
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