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Beta State Scholarship Fund

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273053039 ✦ Lafayette hill, PA ✦ Designated as a 501(c)(3)

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Overview

What is Beta State Scholarship Fund?

The Beta State Scholarship Fund is a charitable organization, specifically based in Lafayette Hill, Pennsylvania. Its primary objective is to support deserving students attending Penn State University by providing scholarships and various forms of assistance. This mission is accomplished by making contributions to Penn State University itself. The fund's activities are geared towards aiding students in their academic pursuits, ultimately contributing to the broader community and education sector.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 50%, One-Star out of Four Star rating.

The Beta State Scholarship Fund has received a low rating of 50% on Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization's lack of independent board members and missing governance policies, such as conflict of interest and whistleblower policies, contributed to this low score. However, the organization did receive full points for its program expense ratio and has no material diversion of assets, which suggests that funds are being effectively directed toward its primary mission.

Despite a high program expense ratio of 99.10%, the absence of essential governance documentation and policies raises questions about transparency and oversight. The missing website listing on the tax form and the failure to publish board meeting minutes further limit the charity's accountability.

Overall, while the Beta State Scholarship Fund is likely focused on its core mission, the significant gaps in governance and transparency practices highlight important areas for improvement to build trust with donors and the community.


This AI summary has been generated from information found on Charity Navigator.

Is Beta State Scholarship Fund legitimate?

Beta State Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beta State Scholarship Fund 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

For more financial information, click here

What is the mission statement of Beta State Scholarship Fund?

The Beta State Scholarship Fund's mission is to make contributions to the Pennsylvania State University, specifically for the purpose of granting scholarships and other forms of assistance to deserving students attending Penn State University. This fund aims to support these students financially, thereby enabling them to pursue their education at the university. The contributions made by the fund are instrumental in helping deserving students overcome financial barriers and pursue their academic goals.

Who is the CEO of Beta State Scholarship Fund?

Robert Eisman is the President of Beta State Scholarship Fund.

What is the revenue of Beta State Scholarship Fund?

Beta State Scholarship Fund's revenue in 2022 was $42,848.

Who are the executives of Beta State Scholarship Fund and what are their salaries?


Here are 4 key members and their salaries:


Barry R Eisman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Eisman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Gorodesky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Wilk (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Beta State Scholarship Fund?

Beta State Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Beta State Scholarship Fund

The Beta State Scholarship Fund, in its mission, extends financial aid and assistance to deserving students who are currently enrolled at Pennsylvania State University. Their primary objective is to grant scholarships and provide additional support to these students, thereby enabling them to pursue their academic journey effectively. By making contributions to Pennsylvania State University, the Beta State Scholarship Fund plays a crucial role in empowering deserving individuals to realize their educational goals.

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Impact




October, 2024

The Beta State Scholarship Fund significantly enhances educational opportunities for deserving students attending Pennsylvania State University. By providing financial assistance through scholarships, the fund helps to alleviate the burden of tuition costs, making higher education more accessible to students who may otherwise face financial barriers. This support not only empowers students to pursue their academic and career goals but also contributes to fostering a diverse and skilled workforce in the community. The impact is felt beyond individual students, as it enriches the university environment and promotes educational excellence within the region.




This information is meant to be a general summary of Beta State Scholarship Fund. 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.

Revenue
$42,848 (2022)
Expenses
$15 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $42,848
  • Gross Receipts: $42,848

Assets and Liabilities:

  • Total Assets: $1,305,316
  • Total Liabilities: $571,943
  • Net Assets: $733,373

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Organization Details

Principal Officer

Robert Eisman

Main Address

4013 INDIAN GUIDE ROAD, LAFAYETTE HILL, PA, 19444

NTEE Category

Code: B11 - Education

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