Overview
What is United Food And Commercial Workers Ufcw Local 880 Scholarship Fund?
United Food and Commercial Workers UFCW Local 880 Scholarship Fund is a nonprofit organization that offers undergraduate college scholarships to eligible individuals. The selection process involves applicants complying with rules established by the International Union's Scholarship Program and sending their applications directly to them. The Local 880 Scholarship Fund Trustees then review the ranked results and award scholarships to top applicants from specific areas, or may consider deserving applicants who did not rank highest based on need and commitment to the union movement. Recipients must complete a scholarship acceptance agreement and verification of enrollment form annually. The Scholarship Fund Trustees publicize the scholarship grants in the union newspaper and on their website.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star Rating.
The United Food and Commercial Workers UFCW Local 880 Scholarship Fund has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The organization does not have any independent board members, which raises questions about governance and oversight. Furthermore, the charity's website lacks crucial policies, such as conflict of interest and whistleblower protections, which are essential for transparency.
Despite these deficiencies, the organization has demonstrated strong financial management in certain areas, notably maintaining a high program expense ratio of 96%. This suggests that the majority of its funds are being utilized for its intended charitable purposes, rather than administrative costs. However, the absence of fundamental governance policies and independent oversight limits its overall effectiveness and credibility.
Overall, while the charity excels in program expenses, the significant gaps in governance and transparency reflected in its Charity Navigator score indicate a need for improvement. Prospective donors should consider these factors carefully when deciding whether to support this organization.
This AI summary has been generated from information found on Charity Navigator.
Is United Food And Commercial Workers Ufcw Local 880 Scholarship Fund legitimate?
United Food And Commercial Workers Ufcw Local 880 Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Food And Commercial Workers Ufcw Local 880 Scholarship 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of United Food And Commercial Workers Ufcw Local 880 Scholarship Fund?
The United Food and Commercial Workers UFCW Local 880 Scholarship Fund's mission is centered around awarding scholarships to undergraduate college students. Annually, the fund grants scholarships in varying amounts, ranging from $500 to $2,000, payable in installments of $500 each. The scholarship trustees have the authority to distribute larger awards in multiple installments if necessary. The number of scholarships and the dollar amount of each grant can also be adjusted by the trustees as they see fit. These scholarships are given as gifts, not loans, and their availability is publicized through the union newspaper and the union's website.
Who is the CEO of United Food And Commercial Workers Ufcw Local 880 Scholarship Fund?
Samuel Miles Anderson is the Trustee of United Food And Commercial Workers Ufcw Local 880 Scholarship Fund.
What is the revenue of United Food And Commercial Workers Ufcw Local 880 Scholarship Fund?
United Food And Commercial Workers Ufcw Local 880 Scholarship Fund's revenue in 2023 was $73,533.
Who are the executives of United Food And Commercial Workers Ufcw Local 880 Scholarship Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $161,189
- Other: $12,168
- Compensation: $0
- Related: $245,173
- Other: $26,873
- Compensation: $0
- Related: $200,218
- Other: $15,087
Where can I find the form 990 for United Food And Commercial Workers Ufcw Local 880 Scholarship Fund?
United Food And Commercial Workers Ufcw Local 880 Scholarship Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of United Food And Commercial Workers Ufcw Local 880 Scholarship Fund
The United Food And Commercial Workers Ufcw Local 880 Scholarship Fund is an organization dedicated to awarding scholarships to undergraduate college students. Its primary mission is to provide financial assistance to deserving students, offering scholarships ranging from $500 to $2,000 per recipient. These scholarships are typically distributed in annual installments of $500 each. The trustees of the fund have the authority to adjust the number and dollar amount of the scholarships based on appropriate circumstances. It's important to note that these scholarships are gifts, not loans, and their availability is widely publicized through the union's newspaper and website.
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Impact
August, 2024
The impact of United Food And Commercial Workers Ufcw Local 880 Scholarship Fund is significant in providing financial assistance to undergraduate college students in the Cleveland, Akron-Canton, and Youngstown areas. By awarding scholarships ranging from $500 to $2,000 per recipient annually, the organization supports students in pursuing their education and achieving their academic goals. The selection process, which includes considerations of need and commitment to the union movement, ensures that deserving individuals receive support beyond just academic achievements. This opportunity not only helps students financially but also motivates them to excel in their studies. The scholarships serve as gifts, not loans, emphasizing the organization's commitment to facilitating access to higher education for students in the local community.
This information is meant to be a general summary of United Food And Commercial Workers Ufcw Local 880 Scholarship 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 2023.
- Investment Income: $8,745
- Gross Receipts: $94,762
Assets and Liabilities:
- Total Assets: $597,119
- Total Liabilities: $0
- Net Assets: $597,119
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Organization Details
Founding Year
1990
Phone
(216) 241-5930Principal Officer
Samuel Miles Anderson
Main Address
9199 MARKET PLACE STE 2, BROADVIEW HTS, OH, 44147
NTEE Category
Code: B82Z - Education
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