Overview
What is Anchor Scholarship Foundation Inc?
Anchor Scholarship Foundation Inc, located in Virginia Beach, Virginia, is a nonprofit organization committed to awarding college scholarships to the dependent children and spouses of active duty, retired, and honorably discharged Surface Navy personnel. With a small team of three dedicated individuals, this foundation plays a significant role in supporting the education of those whose families serve in the Surface Navy. By providing financial aid, they help ensure that the future of these individuals is not hindered by financial constraints.
Official website here: www.anchorscholarship.org
Is Anchor Scholarship Foundation Inc legitimate?
Anchor Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor Scholarship 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:
Executive Compensation: $82,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,072
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Official website here: www.anchorscholarship.org
What is the mission statement of Anchor Scholarship Foundation Inc?
The Anchor Scholarship Foundation Inc's mission is centered around providing college scholarships. Specifically, it aims to support dependent children and spouses of active duty, retired, and honorably discharged personnel in the Surface Navy. The foundation's objective is to help these individuals further their education, thereby potentially improving their livelihoods. The organization's primary activity is the awarding of these scholarships, aiming to alleviate some of the financial burden associated with higher education.
Official website here: www.anchorscholarship.org
Who is the CEO of Anchor Scholarship Foundation Inc?
H James Monroe is the Chairman of Anchor Scholarship Foundation Inc.
Official website here: www.anchorscholarship.org
What is the revenue of Anchor Scholarship Foundation Inc?
Anchor Scholarship Foundation Inc's revenue in 2023 was $405,558.
Official website here: www.anchorscholarship.org
Who are the executives of Anchor Scholarship Foundation Inc and what are their salaries?
The average compensation at Anchor Scholarship Foundation Inc during 2023 was $40,524. There are 3 employees and 30 volunteers at Anchor Scholarship Foundation Inc.
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Official website here: www.anchorscholarship.org
Where can I find the form 990 for Anchor Scholarship Foundation Inc?
Anchor Scholarship Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.anchorscholarship.org
Learn more at the official website: www.anchorscholarship.org
Mission Statement of Anchor Scholarship Foundation Inc
Anchor Scholarship Foundation Inc is committed to awarding college scholarships to the dependent children and spouses of active duty, retired, and honorably discharged surface Navy personnel. This nonprofit organization's mission is centered around providing financial assistance to those who are closely tied to the Navy community, enabling them to pursue higher education. By granting scholarships, Anchor Scholarship Foundation Inc aims to lessen the financial burden associated with higher education, thereby providing opportunities for personal growth and development. The organization's mission is a testament to its dedication to supporting the families of the Navy community, ensuring that their educational aspirations are not hindered by financial constraints.
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Impact
October, 2024
Anchor Scholarship Foundation Inc makes a significant impact by providing college scholarships to the dependent children and spouses of active duty, retired, and honorably discharged surface Navy personnel. By facilitating access to higher education, the foundation empowers military families to overcome financial barriers that might otherwise hinder their pursuit of academic and career goals.
The scholarships serve not only to enhance educational opportunities but also to inspire and support the next generation of leaders and innovators. Recipients often express a deep appreciation for the assistance, recognizing the vital role it plays in their educational journeys. Ultimately, Anchor Scholarship Foundation Inc fosters a stronger connection within the military community, helping families build brighter futures and contribute positively to society.
This information is meant to be a general summary of Anchor Scholarship 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: $78,370
- Gross Receipts: $491,007
Assets and Liabilities:
- Total Assets: $1,769,262
- Total Liabilities: $151,488
- Net Assets: $1,617,774
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Organization Details
Founding Year
1980
Phone
(757) 777-4724Principal Officer
H James Monroe
Main Address
5520 GREENWICH ROAD SUITE 204 A, VIRGINIA BEACH, VA, 23462
Website
www.anchorscholarship.orgNTEE Category
Code: B82 - Education
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