Overview
What is Cornell Club Of Los Angeles?
The Cornell Club of Los Angeles is a nonprofit organization situated in the heart of Los Angeles, California, at 3705 W Pico Blvd 695. Its primary mission is to foster a sense of community among Cornell University alumni residing in the Los Angeles area. Additionally, the club plays a significant role in supporting education by providing annual scholarships to deserving undergraduate students from the Los Angeles region via funds allocated to Cornell University's financial aid office. In summary, the Cornell Club of Los Angeles serves as a platform for alumni engagement and a source of financial aid for promising students.
Official website here: www.cornellclubla.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating. This score indicates that the Cornell Club of Los Angeles has a solid foundation in accountability and finance, with a perfect score for independent board members and material diversion of assets. The organization's financial health is also reflected in its liabilities to assets ratio of 0.00% and a program expense ratio of 75.27%, suggesting that a significant portion of its resources is directed towards its programs.
Despite its strengths, there are some noted limitations in governance practices. The organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could be areas for improvement. These missing policies may raise concerns among potential donors regarding transparency and accountability in organizational governance.
Overall, the Cornell Club of Los Angeles demonstrates a commitment to responsible financial management and governance, but it would benefit from enhancing its policy framework to ensure comprehensive oversight and protection for stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cornell Club Of Los Angeles legitimate?
Cornell Club Of Los Angeles is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornell Club Of Los Angeles 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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Official website here: www.cornellclubla.com
What is the mission statement of Cornell Club Of Los Angeles?
The Cornell Club of Los Angeles is dedicated to serving Cornell University alumni in the area by organizing various activities. Beyond this, the club also has a charitable mission, providing scholarships for deserving undergraduate students from the Los Angeles area. The club's financial aid contributions are facilitated through a grant to Cornell University's financial aid office, which then distributes the funds to eligible students. The club's activities and scholarship program aim to foster a sense of community among Cornell alumni and support the educational aspirations of local undergraduates.
Official website here: www.cornellclubla.com
Who is the CEO of Cornell Club Of Los Angeles?
Gaye Tomlinson is the President of Cornell Club Of Los Angeles.
Official website here: www.cornellclubla.com
What is the revenue of Cornell Club Of Los Angeles?
Cornell Club Of Los Angeles's revenue in 2023 was $76,494.
Official website here: www.cornellclubla.com
Who are the executives of Cornell Club Of Los Angeles and what are their salaries?
There 24 volunteers at Cornell Club Of Los Angeles.
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Official website here: www.cornellclubla.com
Where can I find the form 990 for Cornell Club Of Los Angeles?
Cornell Club Of Los Angeles's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cornellclubla.com
Learn more at the official website: www.cornellclubla.com
Mission Statement of Cornell Club Of Los Angeles
The Cornell Club of Los Angeles is committed to a twofold mission. Primarily, it aims to engage Cornell University alumni residing in the Los Angeles area by organizing various activities. Secondly, the organization extends its support to deserving undergraduate students from the Los Angeles region by providing scholarships through an annual grant to Cornell University's financial aid office. This grant allocation is managed by the university, with eligible students benefiting from the funds distributed by the financial aid office.
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Impact
August, 2024
The Cornell Club of Los Angeles has a significant impact on the community by organizing activities for Cornell University alumni and providing scholarships for Cornell undergraduates living in the Los Angeles area. Through a $28,000 grant to Cornell University, the club contributes to the financial aid office, which selects deserving students from the Los Angeles area to receive shares of this money. This support directly benefits students pursuing their education and helps alleviate financial burdens, demonstrating the club's commitment to education and fostering opportunities for local students.
This information is meant to be a general summary of Cornell Club Of Los Angeles. 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: $21,275
- Gross Receipts: $76,494
Assets and Liabilities:
- Total Assets: $639,613
- Total Liabilities: $0
- Net Assets: $639,613
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Organization Details
Founding Year
1995
Phone
(310) 545-3321Principal Officer
Gaye Tomlinson
Main Address
3705 W Pico Blvd 695, Los Angeles, CA, 90019
Website
www.cornellclubla.comNTEE Category
Code: B84 - Education
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