Overview
What is Fred Lamke Fbo Miami University?
Fred Lamke Fbo Miami University is a nonprofit organization that operates a scholarship program. Established through a will, this organization's mission is to support financially disadvantaged rural students by offering scholarships specifically for Miami University. Their primary activity involves providing educational assistance to deserving students, contributing to their higher education and potential growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Star rating). The rating reflects significant concerns regarding governance and transparency, particularly the absence of independent board members and missing key policies such as whistleblower and document retention policies. These factors contribute to a lower accountability score, which could affect donor confidence.
Despite the weaknesses in governance, the organization demonstrates a strong financial management aspect, with a program expense ratio of 73.23%, indicating that a substantial portion of its funds is directed towards its programs. Additionally, the nonprofit has received full marks for not having any material diversion of assets, which is a positive indicator of financial integrity.
However, the lack of a proper online presence, as evidenced by the missing website listing on the tax form and the absence of posted tax documents, raises concerns about transparency and accessibility for potential donors and stakeholders. Overall, while the organization has strong financials, improvements in governance and transparency are essential for building trust and enhancing its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Fred Lamke Fbo Miami University legitimate?
Fred Lamke Fbo Miami University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fred Lamke Fbo Miami University 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: $2,027
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Fred Lamke Fbo Miami University?
Fred Lamke Fbo Miami University's mission is centered around administering a scholarship program. This program is designed to attract financially struggling students residing in rural areas and offer them an opportunity to attend Miami University. The mission of the trust, established through a will, is to provide scholarships exclusively for Miami University.
Who is the CEO of Fred Lamke Fbo Miami University?
Unavailable
What is the revenue of Fred Lamke Fbo Miami University?
Fred Lamke Fbo Miami University's revenue in 2022 was $15,669.
Who are the executives of Fred Lamke Fbo Miami University and what are their salaries?
There is 1 key member and their salary:
- Compensation: $2,027
- Related: $0
- Other: $0
Where can I find the form 990 for Fred Lamke Fbo Miami University?
Fred Lamke Fbo Miami University's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fred Lamke Fbo Miami University
Fred Lamke Fbo Miami University, as per its mission statement, was established with a specific purpose. This nonprofit organization, through a scholarship program, aims to attract financially disadvantaged students from rural areas to Miami University. The mission of the trust, as outlined in its will, is centered around providing financial aid exclusively for students seeking education at Miami University.
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Impact
October, 2024
Fred Lamke Fbo Miami University significantly impacts higher education accessibility by providing scholarships to needy rural students wishing to attend Miami University. By focusing on attracting individuals from rural backgrounds, the program addresses financial barriers that these students may face, thereby fostering greater educational opportunities. The trust, established through a will, ensures that financial support is continually directed toward these deserving students, promoting not only their academic success but also contributing to the diversity and richness of the university community. Through its targeted scholarship program, Fred Lamke Fbo Miami University plays a crucial role in shaping the future of students who may otherwise lack the resources to pursue higher education.
This information is meant to be a general summary of Fred Lamke Fbo Miami University. 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: $15,669
- Gross Receipts: $33,978
Assets and Liabilities:
- Total Assets: $425,650
- Total Liabilities: $0
- Net Assets: $425,650
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Organization Details
Founding Year
1995
Phone
(937) 382-1441Main Address
138 PUTNAM STREET, MARIETTA, OH, 45750
NTEE Category
Code: B82Z - Education
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