Overview
What is Prince Hall Scholarship Foundation?
The Prince Hall Scholarship Foundation is a nonprofit organization situated in Columbus, Ohio, specifically at 50 Hamilton Park. Their primary mission is to provide financial assistance in the form of college scholarships to students residing within the state of Ohio. By offering these scholarships, they aim to support the academic pursuits and future careers of numerous students, contributing to the educational growth of the state's youth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Prince Hall Scholarship Foundation has received a Two-Star rating from Charity Navigator, indicating areas needing improvement in its operations and transparency. While the organization demonstrates a strong commitment to accountability with a 100% independent board and no material diversion of assets, its lack of essential policies such as a conflict of interest and whistleblower policy raises concerns about governance practices.
Financially, the foundation appears to be stable with a program expense ratio of 88.89%, suggesting that a significant portion of its funds is directed toward its mission. The liabilities to assets ratio stands at 0.00%, indicating sound financial management. However, the absence of a website link on tax forms and other missing documentation could hinder public trust and accessibility to information.
Overall, while the foundation shows strength in certain governance and financial aspects, the missing policies and information could detract from its overall effectiveness and transparency, leading to its current rating. The organization will need to address these limitations to improve its standing and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Prince Hall Scholarship Foundation legitimate?
Prince Hall Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prince Hall Scholarship Foundation 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.
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What is the mission statement of Prince Hall Scholarship Foundation?
The Prince Hall Scholarship Foundation's mission is centered around providing college scholarships for students residing in Ohio. This mission is carried out through various activities, with the ultimate goal of supporting the higher education aspirations of young individuals within the state. The foundation serves as a beacon of opportunity, enabling students to pursue their academic dreams and contribute to society's future. By offering scholarships, the foundation aims to alleviate financial burdens associated with higher education, thereby empowering students to focus on their studies and personal growth.
Who is the CEO of Prince Hall Scholarship Foundation?
Jerry Ellerson is the President of Prince Hall Scholarship Foundation.
What is the revenue of Prince Hall Scholarship Foundation?
Prince Hall Scholarship Foundation's revenue in 2022 was $50,731.
Who are the executives of Prince Hall Scholarship Foundation and what are their salaries?
Here are 17 key members and their salaries:
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Where can I find the form 990 for Prince Hall Scholarship Foundation?
Prince Hall Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Prince Hall Scholarship Foundation
The Prince Hall Scholarship Foundation is dedicated to providing college scholarships for students residing in the state of Ohio. This nonprofit organization's mission is centered around supporting the educational aspirations of young individuals by offering financial aid. Through its scholarship program, the foundation aims to make higher education more accessible and affordable, thereby empowering numerous students to pursue their academic goals and contribute positively to their communities and society at large.
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Impact
August, 2024
The Prince Hall Scholarship Foundation's impact is evident in the support it provides to students in the state of Ohio through college scholarships. By offering financial assistance to these students, the foundation is helping to remove barriers to higher education, enabling individuals to pursue their academic and career aspirations. This support not only benefits the individual recipients but also contributes to the overall educational advancement and empowerment of the community. Through its focused mission of providing college scholarships, the Prince Hall Scholarship Foundation is making a meaningful difference in the lives of students in Ohio, facilitating access to opportunities that can lead to long-term success and fulfillment.
This information is meant to be a general summary of Prince Hall Scholarship Foundation. 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: $2
- Gross Receipts: $50,731
Assets and Liabilities:
- Total Assets: $675,829
- Total Liabilities: $0
- Net Assets: $675,829
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Organization Details
Founding Year
1983
Phone
(614) 221-6197Principal Officer
Jerry Ellerson
Main Address
50 HAMILTON PARK, COLUMBUS, OH, 43203
NTEE Category
Code: B82Z - Education
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