Overview
What is Roselli Family Scholarship?
The Roselli Family Scholarship is a philanthropic initiative, located in Barre, Vermont, that primarily focuses on awarding scholarships to deserving students from Montpelier, who have graduated from its designated high school. This nonprofit organization manages and distributes scholarship funds to help students pursue post-secondary education. Over the years, they have disbursed scholarships to a total of 36 students, distributing installments annually to various educational institutions. The Roselli Family Scholarship's mission is to support local talent and contribute to their academic growth and future success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star Rating
The Roselli Family Scholarship has received a low rating of 53%, indicating significant areas for improvement in its accountability and financial practices. While the organization does exhibit a strong program expense ratio of 81.97%, showcasing effective allocation of funds towards its mission, the lack of independent board members and several missing governance policies raises concerns about its operational integrity and transparency.
The charity's governance is particularly inadequate, with no independent board members and missing key policies such as conflict of interest and whistleblower protections. Additionally, the absence of a website listed on its tax form and failure to provide essential documents like meeting minutes and tax forms online further diminish its accountability to donors and the public.
Despite these limitations, the organization does not report any material diversion of assets, which is a positive sign of financial integrity. However, the overall lack of transparency and governance structures needs to be addressed to enhance trust and credibility among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Roselli Family Scholarship legitimate?
Roselli Family Scholarship is a legitimate nonprofit organization registered as a 501(c)(3) entity. Roselli Family Scholarship 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 Roselli Family Scholarship?
The Roselli Family Scholarship's primary mission is to manage and distribute scholarship funds to benefit students who are residents of a specific city and have graduated from its designated high school. The scholarship aims to support these students in pursuing post-secondary education by providing financial assistance. To date, the scholarship has distributed multi-year scholarships to a total of 36 students, with installments going to 13, 10, 10, and 3 students respectively. The scholarship serves as a financial aid for these students, contributing to their educational journeys.
Who is the CEO of Roselli Family Scholarship?
Unavailable
What is the revenue of Roselli Family Scholarship?
Roselli Family Scholarship's revenue in 2022 was $110,988.
Who are the executives of Roselli Family Scholarship 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 Roselli Family Scholarship?
Roselli Family Scholarship's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Roselli Family Scholarship
The Roselli Family Scholarship is committed to a significant mission: managing, administering, and distributing scholarship funds to benefit students residing in a particular city and having graduated from its designated high school. This nonprofit organization's primary goal is to financially support these students, enabling them to pursue post-secondary education. Through its activities, the Roselli Family Scholarship has distributed multiple-year scholarships to a total of 36 students, with installments provided to 13, 10, 10, and 3 students respectively, allowing them to attend various educational institutions.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Roselli Family Scholarship has a profound impact on the educational opportunities available to students in Montpelier. By holding, managing, and distributing scholarship funds specifically for residents who graduate from designated local high schools, it plays a crucial role in supporting their pursuit of post-secondary education.
In its commitment to helping students achieve their academic goals, the scholarship has already reached 36 individuals. The structured distribution of funds across multiple years enhances its effectiveness, as it allows recipients to receive financial support in installments—13 students received their first installment, followed by 10 for the second and third installments, and 3 students benefitted from the fourth installment. This ongoing support helps to ease financial burdens and enables students to focus on their studies rather than their financial constraints.
By providing these scholarships, the Roselli Family Scholarship not only fosters individual growth and success but also strengthens the community as a whole by investing in the education of its youth. This initiative highlights the transformative power of education and the importance of supporting local students in their higher education journeys.
This information is meant to be a general summary of Roselli Family Scholarship. 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: $110,227
- Gross Receipts: $855,559
Assets and Liabilities:
- Total Assets: $4,004,783
- Total Liabilities: $0
- Net Assets: $4,004,783
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(802) 479-0645Main Address
c/o CFSG 316 N MAIN ST, BARRE, VT, 05641
NTEE Category
Code: B82 - Education
If you are a representative of Roselli Family Scholarship and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.