Overview
What is A Pay It Forward Scholarship Inc?
A Pay It Forward Scholarship Inc, located in Gainesville, Georgia, is a compact nonprofit organization with a mission to provide tuition scholarships to students in Georgia, ranging from pre-K to 12th grade. They adhere to the state's laws in granting these scholarships to private school pupils, aiming to ensure educational opportunities for these students. With a team of three dedicated individuals, A Pay It Forward Scholarship Inc contributes to the community by supporting children's educational aspirations.
Official website here: www.payitforwardscholarships.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
A Pay It Forward Scholarship Inc has achieved a remarkable score of 96%, indicating strong performance in accountability and finance, which is critical for trust and transparency in nonprofits. The organization’s Four-Star rating reflects its commitment to sound fiscal management, with 100% of its board members being independent. This independence is crucial for ensuring that decisions are made objectively and in the best interest of the organization’s mission.
The nonprofit has demonstrated exceptional governance practices, including a well-defined audit and oversight committee and comprehensive policies such as conflict of interest and whistleblower protections. Additionally, the organization maintains a clean financial record, with a 0.00% liabilities-to-assets ratio and an impressive program expense ratio of 90.62%, meaning that the vast majority of its expenditures go directly to its programs rather than administrative costs.
While the organization shows no material concerns regarding asset diversion and has robust documentation practices, it is essential for potential donors or supporters to continue monitoring financial health and program effectiveness over time. Overall, A Pay It Forward Scholarship Inc exemplifies a commendable standard of operational excellence within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is A Pay It Forward Scholarship Inc legitimate?
A Pay It Forward Scholarship Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. A Pay It Forward Scholarship 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: $97,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,374
For more financial information, click here
Official website here: www.payitforwardscholarships.com
What is the mission statement of A Pay It Forward Scholarship Inc?
A Pay It Forward Scholarship Inc's mission is centered around providing tuition scholarships to students in Georgia, spanning from pre-K to 12th grade. In line with the state's laws, the organization aims to make quality education more accessible by offering financial aid to eligible students attending private schools. This initiative enables these students to continue their academic journey without being financially burdened. The organization's efforts contribute to fostering a well-educated community and providing equal opportunities for learning.
Official website here: www.payitforwardscholarships.com
Who is the CEO of A Pay It Forward Scholarship Inc?
Cary Sinnett is the Board Chair of A Pay It Forward Scholarship Inc.
Official website here: www.payitforwardscholarships.com
What is the revenue of A Pay It Forward Scholarship Inc?
A Pay It Forward Scholarship Inc's revenue in 2022 was $890,701.
Official website here: www.payitforwardscholarships.com
Who are the executives of A Pay It Forward Scholarship Inc and what are their salaries?
The average compensation at A Pay It Forward Scholarship Inc during 2022 was $45,958. There are 3 employees at A Pay It Forward Scholarship Inc.
Here are 5 key members and their salaries:
- Compensation: $97,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.payitforwardscholarships.com
Where can I find the form 990 for A Pay It Forward Scholarship Inc?
A Pay It Forward Scholarship Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.payitforwardscholarships.com
Learn more at the official website: www.payitforwardscholarships.com
Mission Statement of A Pay It Forward Scholarship Inc
A Pay It Forward Scholarship Inc, as its name suggests, is dedicated to providing tuition scholarships for students in Georgia. This nonprofit organization adheres to Georgia law and extends its support to students from pre-K through 12th grade who attend private schools within the state. Its mission is to make education more accessible and affordable for these students, thereby contributing to their overall development and future prospects. By providing these scholarships, A Pay It Forward Scholarship Inc is playing a significant role in ensuring that talented and deserving students are not deprived of quality education due to financial constraints.
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Impact
October, 2024
A Pay It Forward Scholarship Inc significantly impacts the educational landscape in Georgia by providing tuition scholarships to pre-kindergarten through 12th grade students attending private schools. By enabling financial support for families, the organization helps increase access to diverse educational opportunities, promoting a foundation for academic success.
The scholarships alleviate the financial burden on families, ensuring that the choice of a quality education is accessible regardless of socioeconomic status. This initiative not only empowers students and their families but also fosters a sense of community investment in education. By enhancing educational options, A Pay It Forward Scholarship Inc plays a vital role in enhancing the overall quality of education within the state, ultimately shaping more informed and skilled future generations.
This information is meant to be a general summary of A Pay It Forward Scholarship 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.
- Gross Receipts: $890,701
Assets and Liabilities:
- Total Assets: $239,890
- Total Liabilities: $6,624
- Net Assets: $233,266
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Organization Details
Founding Year
2011
Phone
(770) 539-0119Principal Officer
Cary Sinnett
Main Address
615 OAK STREET, GAINESVILLE, GA, 30501
NTEE Category
Code: B82 - Education
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