Overview
What is West Point Class Of 1998 Memorial Scholarship Fund Inc?
West Point Class Of 1998 Memorial Scholarship Fund Inc is a nonprofit organization situated in Hingham, Massachusetts. The primary focus of this organization is to honor and support the families of West Point graduates who have tragically passed away, particularly those who lost their lives in combat. To achieve this mission, they offer educational scholarships, financial aid, and operate a summer camp in Alaska. This camp serves as a sanctuary, offering mentorship and enriching experiences for the children and widows of these fallen graduates. Additionally, the organization invests in upgrading its facilities in Alaska and dedicates volunteer time to build new structures, ensuring the long-term use of the camp as a summer retreat. The camp experience provides a vital sense of community and fellowship for West Point graduates.
Official website here: www.the98fund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating. This rating reflects a solid performance, particularly in the areas of accountability and finance, where the organization scored 93%. The high score indicates a robust financial structure, with zero material diversion of assets and a strong program expense ratio of over 93%, suggesting that a significant portion of donations is utilized for its intended programs.
The organization boasts an impressive independent board, with all members being independent, which is a positive indicator for governance. However, there are notable gaps in governance policies, specifically the absence of a conflict of interest policy, a whistleblower policy, and a document retention policy. Addressing these areas could enhance the organization's overall accountability and transparency.
In terms of culture and community, the organization received a perfect score, highlighting effective practices in gathering and utilizing feedback. This suggests a strong commitment to stakeholder engagement and responsiveness. While the financial aspects appear well-managed, improving governance policies would strengthen trust and credibility among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is West Point Class Of 1998 Memorial Scholarship Fund Inc legitimate?
West Point Class Of 1998 Memorial Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Point Class Of 1998 Memorial Scholarship Fund 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.
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For more financial information, click here
Official website here: www.the98fund.org
What is the mission statement of West Point Class Of 1998 Memorial Scholarship Fund Inc?
The West Point Class of 1998 Memorial Scholarship Fund Inc. is primarily dedicated to serving and supporting the graduate community of the United States Military Academy. They accomplish this through various means, including offering educational scholarships, providing financial aid, and operating a summer camp that offers mentorship and beneficial experiences for the families of fallen graduates. Additionally, the fund aims to support the spouses and children of these fallen graduates through mentorship, offering them fellowship opportunities and beneficial experiences. The fund also operates a summer camp compound in Alaska, which provides a supportive environment for these families.
Official website here: www.the98fund.org
Who is the CEO of West Point Class Of 1998 Memorial Scholarship Fund Inc?
John Serafini is the President&Bo of West Point Class Of 1998 Memorial Scholarship Fund Inc.
Official website here: www.the98fund.org
What is the revenue of West Point Class Of 1998 Memorial Scholarship Fund Inc?
West Point Class Of 1998 Memorial Scholarship Fund Inc's revenue in 2022 was $629,808.
Official website here: www.the98fund.org
Who are the executives of West Point Class Of 1998 Memorial Scholarship Fund Inc and what are their salaries?
There 25 volunteers at West Point Class Of 1998 Memorial Scholarship Fund Inc.
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Official website here: www.the98fund.org
Where can I find the form 990 for West Point Class Of 1998 Memorial Scholarship Fund Inc?
West Point Class Of 1998 Memorial Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.the98fund.org
Learn more at the official website: www.the98fund.org
Mission Statement of West Point Class Of 1998 Memorial Scholarship Fund Inc
The West Point Class Of 1998 Memorial Scholarship Fund Inc, in its mission, primarily aims to serve and support the graduate community of the United States Military Academy. It accomplishes this by providing educational scholarships, offering financial aid, and operating a summer camp that offers mentorship and beneficial experiences for the families of fallen graduates. The fund's goal is to extend its support to the graduates and their families, offering educational and financial aid, as well as mentorship for the spouses and children of those who have tragically lost their lives in service. The organization also operates a summer camp compound in Alaska, providing beneficial experiences and fellowship opportunities for West Point graduates' families. This camp serves as a sanctuary where they can connect, heal, and create lasting memories.
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Impact
July, 2024
The West Point Class Of 1998 Memorial Scholarship Fund Inc, also known as The 98 Fund, has a significant impact on the graduate community of the United States Military Academy. It serves and supports graduates and their families primarily through educational scholarships, financial aid, and a summer camp program in Alaska. The fund has upgraded land for the summer compound in Alaska and invested volunteer time in building new facilities to support long-term use as a summer camp for the families of fallen graduates. Additionally, it has operated a week-long Alaska summer camp experience for the children and widows of West Point graduates who were killed in combat or died otherwise. The fund's mission is to provide beneficial experiences for the families of fallen graduates and offer mentorship opportunities for spouses and children of these graduates. Its commitment to education and support makes a lasting impact within the West Point community.
This information is meant to be a general summary of West Point Class Of 1998 Memorial Scholarship Fund 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 2022.
- Investment Income: $185
- Gross Receipts: $629,808
Assets and Liabilities:
- Total Assets: $1,395,835
- Total Liabilities: $50,000
- Net Assets: $1,345,835
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Organization Details
Founding Year
2009
Phone
(617) 894-6425Principal Officer
John Serafini
Main Address
197 MAIN STREET, HINGHAM, MA, 02043
Website
www.the98fund.orgNTEE Category
Code: B82 - Education
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