Overview
What is Oku-Omega Omega Scholarship Foundation?
The Oku-Omega Omega Scholarship Foundation is a nonprofit organization committed to supporting students financially. They achieve this goal through various annual programs, including the Awards Banquet, and by offering direct scholarships. The foundation's primary focus lies in providing scholarship services and aiding students with their financial needs.
Official website here: www.sdm.rutgers.edu/okuweb
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Oku-Omega Omega Scholarship Foundation has received a strong rating of 97% from Charity Navigator, reflecting its high level of accountability and financial health. The rating is based solely on its performance in the Accountability & Finance beacon, indicating that the organization is effectively managing its resources and maintaining transparency in its operations.
One of the organization's notable strengths is its independent board governance, with 100% of board members being independent. The foundation has demonstrated rigorous adherence to best practices, including the absence of material asset diversion and comprehensive policies on conflict of interest, whistleblower protections, and document retention. Additionally, the organization effectively allocates a significant portion of its budget to program expenses, with a program expense ratio of 82.96%.
While the foundation shows exemplary performance in its financial management and governance, there are no reported limitations or areas for improvement in the available data. Overall, the Oku-Omega Omega Scholarship Foundation stands out as a well-managed nonprofit committed to its mission and financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Oku-Omega Omega Scholarship Foundation legitimate?
Oku-Omega Omega Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oku-Omega Omega 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.sdm.rutgers.edu/okuweb
What is the mission statement of Oku-Omega Omega Scholarship Foundation?
The Oku-Omega Omega Scholarship Foundation's primary mission is to offer student scholarships and awards annually. This is achieved through events like the Awards Banquet and direct scholarships. The organization is renowned for its specialization in providing financial aid services to students. It aims to support students in their educational pursuits by offering these scholarships, thereby contributing to their overall well-being and future prospects.
Official website here: www.sdm.rutgers.edu/okuweb
Who is the CEO of Oku-Omega Omega Scholarship Foundation?
James Delahanty is the Principal Officer of Oku-Omega Omega Scholarship Foundation.
Official website here: www.sdm.rutgers.edu/okuweb
What is the revenue of Oku-Omega Omega Scholarship Foundation?
Oku-Omega Omega Scholarship Foundation's revenue in 2023 was $33,713.
Official website here: www.sdm.rutgers.edu/okuweb
Who are the executives of Oku-Omega Omega Scholarship Foundation and what are their salaries?
There 50 volunteers at Oku-Omega Omega Scholarship Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.sdm.rutgers.edu/okuweb
Where can I find the form 990 for Oku-Omega Omega Scholarship Foundation?
Oku-Omega Omega Scholarship Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sdm.rutgers.edu/okuweb
Learn more at the official website: www.sdm.rutgers.edu/okuweb
Mission Statement of Oku-Omega Omega Scholarship Foundation
The Oku-Omega Omega Scholarship Foundation is dedicated to providing student scholarships and awards. This nonprofit organization achieves its mission through annual programs such as the Awards Banquet and scholarships. The foundation's primary focus lies in offering scholarships and financial aid services to students, thereby contributing to their educational pursuits. By doing so, the Oku-Omega Omega Scholarship Foundation plays a significant role in supporting the academic journey of deserving students, thus fostering their growth and development.
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Impact
August, 2024
The impact of the Oku-Omega Omega Scholarship Foundation is significant in providing student scholarships and awards to deserving individuals. Through annual programs such as the Awards Banquet and scholarships, the foundation has successfully supported students in pursuing their educational goals. By specializing in offering scholarships and student financial aid services, the foundation contributes to reducing the financial barriers that many students face in accessing higher education. Overall, the Oku-Omega Omega Scholarship Foundation plays a crucial role in empowering students and enabling them to achieve their academic aspirations.
This information is meant to be a general summary of Oku-Omega Omega 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 2023.
- Investment Income: $21,008
- Gross Receipts: $33,713
Assets and Liabilities:
- Total Assets: $320,645
- Total Liabilities: $0
- Net Assets: $320,645
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Organization Details
Founding Year
1999
Phone
(973) 972-4635Principal Officer
James Delahanty
Main Address
110 Bergen Street, Newark, NJ, 07103
Website
www.sdm.rutgers.edu/okuwebNTEE Category
Code: B82 - Education
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