Overview
What is Michalski Charitable Trust?
The Michalski Charitable Trust is a nonprofit organization situated at 57 Falcone Circle, Hampton, New Hampshire (03842). Its primary mission is to offer scholarships for the post-secondary education of students who have graduated from Gardner High School, regardless of their residency within the served towns, such as Gardner, Massachusetts. During the 2022 academic year, the organization granted a total of $29,200 in scholarships as new awards, demonstrating their continued commitment to supporting the educational aspirations of eligible students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
The Michalski Charitable Trust holds a "Needs Improvement" rating from Charity Navigator, indicating a mixed performance regarding accountability and financial practices. With an overall score of 70%, the trust demonstrates strong governance aspects, such as having a fully independent board and no material diversion of assets. However, it has notable weaknesses in areas such as the lack of a whistleblower and document retention policies, which are critical for transparency and good governance.
The trust's program expense ratio is commendable at 100%, suggesting that all of its expenses are directed towards its charitable programs. This kind of efficiency is a positive aspect, highlighting the organization's commitment to its mission. Nonetheless, the absence of independent board members and the shortcomings in governance policies could raise concerns about oversight and accountability.
In summary, while the Michalski Charitable Trust excels in program spending and maintaining an independent board, its overall governance framework could benefit from improvements, especially in establishing essential policies that ensure transparency and accountability. Organizations seeking to partner or contribute should weigh these factors carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Michalski Charitable Trust legitimate?
Michalski Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michalski Charitable Trust 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: $4,030
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Michalski Charitable Trust?
The Michalski Charitable Trust's mission is centered around providing financial aid for the higher education of students. Specifically, it offers scholarships to individuals who have graduated from Gardner High School, regardless of their current residence. The town served by Gardner High School is not specified in the provided information. The trust's primary objective is to support these students in their post-secondary education, contributing to their future academic and personal growth. In the 2022 school year, the organization granted a total of $29,200 in scholarships, representing newly awarded funds.
Who is the CEO of Michalski Charitable Trust?
Henri Sans is the Trustee of Michalski Charitable Trust.
What is the revenue of Michalski Charitable Trust?
Michalski Charitable Trust's revenue in 2022 was $74,531.
Who are the executives of Michalski Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $4,030
- Related: $0
- Other: $0
Where can I find the form 990 for Michalski Charitable Trust?
Michalski Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Michalski Charitable Trust
The Michalski Charitable Trust is an organization committed to providing financial assistance for the post-secondary education of students. More specifically, it focuses on supporting boys and girls who have graduated from Gardner High School, regardless of their residency, as long as they fall under the school's service area. This charitable trust's mission is to empower these students by offering scholarships that contribute to their higher education expenses for the new academic year. In the case of the 2022 school year, the Trust awarded a total of $29,200 in scholarships, marking new financial support for these deserving students.
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Impact
October, 2024
The Michalski Charitable Trust significantly impacts the educational opportunities for graduates of Gardner High School by providing financial support for post-secondary education. In 2022 alone, the trust awarded a total of $29,200 in scholarships, helping students pursue their academic goals and aspirations. By focusing on graduates from Gardner and surrounding areas, the trust fosters higher education access, promotes academic achievement, and ultimately contributes to the development of a skilled and educated community. This commitment to education empowers students to explore opportunities they may not have been able to afford otherwise, fostering long-term positive outcomes for individuals and the community as a whole.
This information is meant to be a general summary of Michalski Charitable Trust. 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: $73,833
- Gross Receipts: $263,234
Assets and Liabilities:
- Total Assets: $968,320
- Total Liabilities: $0
- Net Assets: $968,320
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Organization Details
Founding Year
2010
Phone
(978) 632-0011Principal Officer
Henri Sans
Main Address
57 Falcone Circle, Hampton, NH, 03842
NTEE Category
Code: B111 - Education
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