Overview
What is Kouts High School Memorial Scholarship Fund?
Kouts High School Memorial Scholarship Fund is a nonprofit organization, specifically based in Kouts, Indiana. Their primary focus is to grant scholarships to deserving students who have graduated from Kouts High School. By providing scholarship funds, they aim to support the educational aspirations of these qualified individuals, thereby contributing to their future success. The organization operates from a PO Box address in Kouts, IN.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Stars)
The Kouts High School Memorial Scholarship Fund has received a low rating of 53%, which indicates significant areas for improvement in its accountability and financial practices. The absence of independent board members raises concerns about governance and oversight, contributing to the overall rating. Additionally, several key policies, such as a conflict of interest policy and a whistleblower policy, are missing, underscoring a lack of necessary safeguards.
On the positive side, the organization demonstrates strong fiscal responsibility with a program expense ratio of 100%, meaning all expenses are directed toward its mission. Furthermore, there is no material diversion of assets, which indicates that funds are being used appropriately. However, the failure to list its website on tax forms and the absence of important documentation online, such as the tax form and board meeting minutes, detracts from its transparency.
In summary, while the Kouts High School Memorial Scholarship Fund is committed to its mission, it faces several governance challenges that may impede its effectiveness. Stakeholders might want to consider these factors when evaluating their support for this organization.
This AI summary has been generated from information found on Charity Navigator.
Is Kouts High School Memorial Scholarship Fund legitimate?
Kouts High School Memorial Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kouts High School Memorial 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 Kouts High School Memorial Scholarship Fund?
The Kouts High School Memorial Scholarship Fund's primary objective is to provide financial aid to deserving students who have graduated from Kouts High School. This non-profit organization awards college scholarships to these students, aiming to support their higher education endeavors. By offering scholarships, the fund aims to alleviate some of the financial burden associated with pursuing higher education, thereby empowering young individuals to further their education and achieve their academic goals. The fund's activities are centered around this mission, thereby contributing positively to the educational journeys of qualified students.
Who is the CEO of Kouts High School Memorial Scholarship Fund?
Richard A Briars is the Principal Officer of Kouts High School Memorial Scholarship Fund.
What is the revenue of Kouts High School Memorial Scholarship Fund?
Kouts High School Memorial Scholarship Fund's revenue in 2022 was $145,140.
Who are the executives of Kouts High School Memorial Scholarship Fund and what are their salaries?
There 7 volunteers at Kouts High School Memorial Scholarship Fund.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kouts High School Memorial Scholarship Fund?
Kouts High School Memorial Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kouts High School Memorial Scholarship Fund
The Kouts High School Memorial Scholarship Fund is dedicated to providing financial aid for deserving students who have completed their education at Kouts High School. Its primary mission is to award college scholarships, offering these individuals the opportunity to further their academic pursuits and build a brighter future. By offering this financial support, the Kouts High School Memorial Scholarship Fund plays a significant role in empowering young minds and fostering their growth and development.
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 Kouts High School Memorial Scholarship Fund has a significant impact on the educational aspirations of students in Kouts, Indiana. By providing scholarship funds to qualified graduates, the Fund enables deserving students to pursue higher education without the burden of financial barriers. This support not only boosts college attendance rates but also encourages students to achieve their academic goals and dreams.
The scholarships awarded can cover tuition, books, and other educational expenses, making a college education more accessible. As a result, students are empowered to continue their academic journeys, which can lead to improved career opportunities and a brighter future. The Fund ultimately strengthens the community by fostering a culture of education and providing the resources necessary for young individuals to thrive.
This information is meant to be a general summary of Kouts High School Memorial 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $40,793
- Gross Receipts: $274,491
Assets and Liabilities:
- Total Assets: $1,282,457
- Total Liabilities: $0
- Net Assets: $1,282,457
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1984
Phone
(219) 766-2231Principal Officer
Richard A Briars
Main Address
PO BOX 699, KOUTS, IN, 46347
NTEE Category
Code: B82 - Education
If you are a representative of Kouts High School Memorial Scholarship Fund 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.