Overview
What is The Oak Ridge Society Foundation Inc?
The Oak Ridge Society Foundation Inc, established in Greensboro, North Carolina, is a nonprofit organization with a mission to support and assist Oak Ridge Military Academy by offering scholarships and financial aid. Based at 201 Pomona Drive, Room A, this foundation is dedicated to nurturing the educational growth of students attending the academy, contributing significantly to their scholastic journey.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
The Oak Ridge Society Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 33%, the evaluation is based solely on the Accountability & Finance beacon, highlighting major deficiencies in several key areas.
The organization excels in having a majority of independent board members, with a perfect score for board independence and size. However, the foundation has notable shortcomings, including the absence of a conflict of interest policy, whistleblower policy, and a document retention policy, all of which contribute to its low overall score. Furthermore, its program expense ratio of 31.35% raises questions about the effective allocation of its resources.
Overall, while the Oak Ridge Society Foundation Inc demonstrates strength in governance with fully independent board members, its lack of essential policies and low program expenses relative to its total expenses suggest a need for improvement in financial accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Oak Ridge Society Foundation Inc legitimate?
The Oak Ridge Society Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Oak Ridge Society Foundation 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Oak Ridge Society Foundation Inc?
The Oak Ridge Society Foundation Inc is committed to granting scholarships and providing aid to students attending Oak Ridge Military Academy. Their primary mission is to support the educational pursuits of these students, aiming to make quality education more accessible. The foundation's activities are centered around providing financial assistance, thereby enabling deserving students to attend and excel in the Oak Ridge Military Academy. Their aim is to contribute positively to the academic and personal growth of these students, thereby enriching their lives and future prospects.
What is the revenue of The Oak Ridge Society Foundation Inc?
The Oak Ridge Society Foundation Inc's revenue in 2023 was $48,276.
Who are the executives of The Oak Ridge Society Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Oak Ridge Society Foundation Inc?
The Oak Ridge Society Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Oak Ridge Society Foundation Inc
The Oak Ridge Society Foundation Inc is committed to extending financial assistance and granting scholarships to students enrolled at Oak Ridge Military Academy. Its primary mission revolves around providing aid to this educational institution, thereby supporting the academic pursuits of its students. By offering scholarships, the foundation seeks to alleviate some of the financial burden that may be associated with higher education, thereby enabling deserving students to pursue their studies without undue financial stress. This mission is a testament to the foundation's dedication to supporting educational excellence and fostering opportunities for growth and development among its beneficiaries.
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Impact
August, 2024
The Oak Ridge Society Foundation Inc's impact is focused on providing scholarships and aid to students at the Oak Ridge Military Academy in Greensboro, North Carolina. Through its mission to grant scholarships and support the academy, the Foundation plays a crucial role in facilitating educational opportunities for deserving students. By offering financial assistance, the Foundation enables students to access quality education and pursue their academic goals at the academy.
This information is meant to be a general summary of The Oak Ridge Society Foundation 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 2023.
- Investment Income: $257
- Gross Receipts: $83,846
Assets and Liabilities:
- Total Assets: $657,991
- Total Liabilities: $0
- Net Assets: $657,991
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Organization Details
Founding Year
2000
Principal Officer
Al G Taylor Jr
NTEE Category
Code: B82 - Education
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