Overview
What is American State Bank Endowed Scholarship Funds For Nursing?
The American State Bank Endowed Scholarship Funds for Nursing is a philanthropic initiative based in Midland, Texas. Their primary objective is to provide financial assistance to nursing schools, contributing towards essential resources such as equipment, research, and curriculum enhancements. Additionally, this fund offers merit-based scholarships to deserving nursing students attending institutions within the West Texas region. The aim is to support the educational growth of future healthcare professionals, thereby strengthening the nursing field in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The American State Bank Endowed Scholarship Funds For Nursing has received a commendable Three-Star rating, indicating a fair level of accountability and transparency within its operations. While the organization excels in impact measurement, scoring a perfect 100, its accountability and finance score is relatively lower at 53. This disparity suggests that while the charity effectively measures its outcomes, there may be areas for improvement in financial management and transparency.
One of the standout strengths of this nonprofit is its impressive program expense ratio, which stands at 100%. This means that all funds are directed towards the scholarship program, ensuring that the maximum possible amount directly benefits the recipients. Furthermore, the charity has demonstrated a significant return on investment, with each dollar spent resulting in an increase of over $1.25 in income for scholarship recipients, highlighting the effectiveness of its funding model.
However, the lower accountability score raises some concerns regarding the organization's financial practices. Stakeholders may want to look closer at the charity's governance and financial reporting to ensure sustained trust and confidence in its operations. Overall, while the American State Bank Endowed Scholarship Funds For Nursing showcases strong impact and program efficiency, addressing its financial accountability could further enhance its reputation and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is American State Bank Endowed Scholarship Funds For Nursing legitimate?
American State Bank Endowed Scholarship Funds For Nursing is a legitimate nonprofit organization registered as a 501(c)(3) entity. American State Bank Endowed Scholarship Funds For Nursing 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
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What is the mission statement of American State Bank Endowed Scholarship Funds For Nursing?
The American State Bank Endowed Scholarship Funds for Nursing is committed to supporting various nursing schools financially. Their mission involves making donations for equipment, funding research, enhancing curriculums, and addressing other necessary needs of the schools. Furthermore, this fund aims to recognize deserving nursing students by providing them with scholarships. As of now, 69 nursing students attending West Texas schools of nursing have benefited from these scholarships.
What is the revenue of American State Bank Endowed Scholarship Funds For Nursing?
American State Bank Endowed Scholarship Funds For Nursing's revenue in 2023 was $124,733.
Who are the executives of American State Bank Endowed Scholarship Funds For Nursing and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for American State Bank Endowed Scholarship Funds For Nursing?
American State Bank Endowed Scholarship Funds For Nursing's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of American State Bank Endowed Scholarship Funds For Nursing
American State Bank Endowed Scholarship Funds for Nursing is dedicated to providing financial assistance to various nursing schools. The primary aim of this organization is to support these educational institutions by donating funds for essential resources such as equipment, research, and curriculum development. Furthermore, American State Bank Endowed Scholarship Funds for Nursing is committed to recognizing deserving nursing students through the provision of scholarships.
By offering financial aid, American State Bank Endowed Scholarship Funds for Nursing aims to alleviate some of the financial burdens faced by nursing students. This support enables schools to invest in the necessary resources to provide high-quality education and training, thereby preparing students to excel in their future nursing careers. Additionally, the scholarships awarded by American State Bank Endowed Scholarship Funds for Nursing allow deserving students to pursue their studies without the added stress of financial constraints.
As of the provided information, the organization has awarded scholarships to 69 nursing students attending West Texas schools of nursing. This support not only helps individual students but also contributes to the overall quality of nursing education in the region. By investing in the future of nursing, American State Bank Endowed Scholarship Funds for Nursing is playing a significant role in ensuring a well-equipped and skilled nursing workforce, ultimately benefiting the healthcare community and the patients they serve.
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Impact
October, 2024
The American State Bank Endowed Scholarship Funds for Nursing significantly impacts nursing education in West Texas by providing vital financial support to both nursing schools and deserving students. Through its financial donations, the fund supplies essential resources for equipment, research, and curriculum development, directly enhancing the quality of education and training that nursing programs can offer.
Additionally, the scholarship initiative has awarded funds to 69 nursing students, alleviating financial burdens and enabling them to pursue their education with greater focus and dedication. This support not only assists students in achieving their academic goals but also contributes to the overall improvement of healthcare services in the region by ensuring a well-trained nursing workforce is available.
By investing in both institutions and individuals, the American State Bank Endowed Scholarship Funds for Nursing fosters a stronger nursing community, ultimately leading to better patient care and health outcomes in the area.
This information is meant to be a general summary of American State Bank Endowed Scholarship Funds For Nursing. 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 2023.
- Investment Income: $65,505
- Gross Receipts: $745,452
Assets and Liabilities:
- Total Assets: $2,950,945
- Total Liabilities: $0
- Net Assets: $2,950,945
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Organization Details
Founding Year
2002
Principal Officer
Prosperity Bank
NTEE Category
Code: T30 - Philanthropy
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