Overview
What is West Muskingum Academic Fund?
The West Muskingum Academic Fund is a nonprofit organization situated in Newark, Ohio. Its primary mission is to foster and sponsor the growth of academic excellence within the West Muskingum School District. To accomplish this, the fund provides financial aid to various school projects. By doing so, it aims to contribute to the overall development and improvement of the academic landscape in the district.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
The West Muskingum Academic Fund has earned a low rating due to significant deficiencies in accountability and financial transparency. With an overall score of 50%, the organization lacks independent board members, with 0% independence, which raises concerns about governance and oversight. Furthermore, critical policies such as conflict of interest, whistleblower protection, and document retention are missing, contributing to its low accountability score.
Despite these concerns, the Fund demonstrates a strong commitment to its mission, reflected in a high program expense ratio of 92.14%, which indicates that a substantial portion of its resources is directed towards its programs rather than administrative costs. However, the absence of a website and tax form availability further diminishes the organization's transparency.
Overall, while the West Muskingum Academic Fund appears to effectively allocate funds towards its programs, its lack of governance practices and transparency measures significantly impacts its overall rating, highlighting the need for improvements in these areas to build trust and credibility with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is West Muskingum Academic Fund legitimate?
West Muskingum Academic Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Muskingum Academic Fund 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: $4,394
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of West Muskingum Academic Fund?
The West Muskingum Academic Fund's mission is centered around promoting and sponsoring academic excellence. This organization strives to achieve this objective by providing financial assistance to various educational projects within the West Muskingum School District. Their primary goal is to foster a conducive learning environment, encouraging the growth and development of students' academic abilities.
What is the revenue of West Muskingum Academic Fund?
West Muskingum Academic Fund's revenue in 2024 was $63,468.
Who are the executives of West Muskingum Academic Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for West Muskingum Academic Fund?
West Muskingum Academic Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of West Muskingum Academic Fund
The West Muskingum Academic Fund is an organization dedicated to fostering academic excellence. Its primary mission is to promote and sponsor educational advancements, aiming to enhance various school projects within the West Muskingum School District. To accomplish this, the fund provides financial assistance to these educational initiatives, contributing to the overall development and improvement of the educational landscape.
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Impact
August, 2024
The West Muskingum Academic Fund has a direct impact on promoting and sponsoring the development of academic excellence in the West Muskingum School District in Newark, Ohio. Through providing financial assistance to various school projects, this organization plays a crucial role in enhancing educational opportunities for students in the district. Their support contributes to the overall improvement of academic programs and resources, ultimately benefiting the students and educators within the community.
This information is meant to be a general summary of West Muskingum Academic Fund. 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 2024.
- Investment Income: $15,583
- Gross Receipts: $126,429
Assets and Liabilities:
- Total Assets: $540,362
- Total Liabilities: $0
- Net Assets: $540,362
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Organization Details
Founding Year
2002
Principal Officer
Park National Bank
NTEE Category
Code: B82 - Education
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