Overview
What is Grand Lodge Of Indiana F & Am Scholarship Board Inc?
The Grand Lodge of Indiana F & Am Scholarship Board Inc is a nonprofit organization situated in Indianapolis, Indiana. Its primary mission is to distribute scholarships to deserving college students. The organization gives priority to the children, adopted children, or stepchildren of masons, with the second preference going to grandchildren of masons. Through its scholarship program, the Grand Lodge of Indiana F & Am Scholarship Board Inc aims to support the higher education of these individuals, thereby contributing to their future success. The Scholarship Board's activities are funded through contributions, and it continues to serve its purpose in Indianapolis, IN.
Official website here: www.indianafreemasons.com/charity/scholarships/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Grand Lodge of Indiana F & Am Scholarship Board Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With an overall score of 83%, the organization demonstrates effective financial management, particularly in its program expense ratio, which stands at 74.89%. This indicates that a significant portion of its funding is directed toward its mission.
The organization excels in governance, with a fully independent board of 10 members and a lack of material diversion of assets, scoring 10 out of 10 in both categories. Additionally, the board maintains comprehensive policies, including a conflict of interest policy and documented board meeting minutes, showcasing transparency and commitment to ethical practices.
However, the organization has notable gaps, including the absence of a whistleblower policy and a document retention policy, both of which scored zero. Addressing these areas could enhance its overall governance framework and further instill confidence among stakeholders. Overall, the Grand Lodge of Indiana F & Am Scholarship Board Inc shows a strong foundation but would benefit from the implementation of additional governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Lodge Of Indiana F & Am Scholarship Board Inc legitimate?
Grand Lodge Of Indiana F & Am Scholarship Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Lodge Of Indiana F & Am Scholarship Board 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $478
For more financial information, click here
Official website here: www.indianafreemasons.com/charity/scholarships/
What is the mission statement of Grand Lodge Of Indiana F & Am Scholarship Board Inc?
The Grand Lodge of Indiana F & Am Scholarship Board Inc is dedicated to distributing scholarships. The primary focus is on college students, with preference given to the children, adopted children, or stepchildren of masons. If scholarships remain, the second priority is given to the grandchildren of masons. This organization works towards providing educational opportunities for these individuals, fostering their academic growth and future success.
Official website here: www.indianafreemasons.com/charity/scholarships/
Who is the CEO of Grand Lodge Of Indiana F & Am Scholarship Board Inc?
Gregory Jordan is the President of Grand Lodge Of Indiana F & Am Scholarship Board Inc.
Official website here: www.indianafreemasons.com/charity/scholarships/
What is the revenue of Grand Lodge Of Indiana F & Am Scholarship Board Inc?
Grand Lodge Of Indiana F & Am Scholarship Board Inc's revenue in 2022 was $79,740.
Official website here: www.indianafreemasons.com/charity/scholarships/
Who are the executives of Grand Lodge Of Indiana F & Am Scholarship Board Inc and what are their salaries?
The average compensation at Grand Lodge Of Indiana F & Am Scholarship Board Inc during 2022 was $478. There is 1 employee and 8 volunteers at Grand Lodge Of Indiana F & Am Scholarship Board Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $8,340
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.indianafreemasons.com/charity/scholarships/
Where can I find the form 990 for Grand Lodge Of Indiana F & Am Scholarship Board Inc?
Grand Lodge Of Indiana F & Am Scholarship Board Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indianafreemasons.com/charity/scholarships/
Learn more at the official website: www.indianafreemasons.com/charity/scholarships/
Mission Statement of Grand Lodge Of Indiana F & Am Scholarship Board Inc
The Grand Lodge of Indiana F & Am Scholarship Board, as its name suggests, is an organization that prioritizes distributing scholarships. This nonprofit provides financial aid to college students, with a particular focus on the children, adopted children, or stepchildren of masons. If there are no eligible candidates from this group, the second priority is given to the grandchildren of masons. By offering these scholarships, the Grand Lodge of Indiana F & Am Scholarship Board aims to make higher education more accessible and affordable for individuals who are closely associated with the Masonic community. By doing so, it supports the educational aspirations of these students, potentially contributing to their personal and professional growth.
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
August, 2024
Grand Lodge Of Indiana F & Am Scholarship Board Inc's impact is significant as it provides scholarships to college students with a focus on supporting the educational pursuits of children, adopted children, stepchildren, and grandchildren of masons. By distributing scholarships, the organization is helping students further their education and achieve their academic goals. This support not only benefits the individual recipients but also contributes to the overall advancement of education in the community.
This information is meant to be a general summary of Grand Lodge Of Indiana F & Am Scholarship Board 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.
- Investment Income: $67,428
- Gross Receipts: $391,995
Assets and Liabilities:
- Total Assets: $1,200,505
- Total Liabilities: $6,696
- Net Assets: $1,193,809
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1988
Phone
(317) 631-7599Principal Officer
Gregory Jordan
Main Address
525 N ILLINOIS ST PO BOX 44125, INDIANAPOLIS, IN, 462440125
NTEE Category
Code: B82 - Education
If you are a representative of Grand Lodge Of Indiana F & Am Scholarship Board Inc 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.