Overview
What is Ancient Accepted Scottish Rite Valley Of Cleveland Foundation?
The Ancient Accepted Scottish Rite Valley of Cleveland Foundation is a nonprofit organization situated in Rocky River, Ohio. With a focus on education, they have established an endowment fund to award scholarships worth $122,000 to students pursuing degrees in the medical field. This organization's primary mission is to maintain and manage this endowment fund, thereby contributing to the academic growth and development of aspiring medical professionals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 67%)
The Ancient Accepted Scottish Rite Valley Of Cleveland Foundation has received a rating indicating that it needs improvement, with an overall score of 67%. While the organization demonstrates a strong commitment to program expenses, allocating 100% of its funds toward its programs, it lacks transparency in several key areas, including the absence of financial statements and vital governance policies.
Strengths of the organization include a fully independent board presence and no reported material diversion of assets, indicating a solid governance structure. However, the foundation's lack of essential documents, such as a conflict of interest policy, whistleblower policy, and financial statements, raises concerns about accountability and operational transparency. Additionally, the organization's website is missing from its tax filings, further highlighting potential issues in information accessibility.
Overall, while the Ancient Accepted Scottish Rite Valley Of Cleveland Foundation is effectively channeling funds into its programs, significant improvements in financial transparency and governance policies are necessary to enhance its credibility and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Ancient Accepted Scottish Rite Valley Of Cleveland Foundation legitimate?
Ancient Accepted Scottish Rite Valley Of Cleveland Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ancient Accepted Scottish Rite Valley Of Cleveland Foundation 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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What is the mission statement of Ancient Accepted Scottish Rite Valley Of Cleveland Foundation?
The Ancient Accepted Scottish Rite Valley of Cleveland Foundation's mission revolves around maintaining and managing an endowment fund for the purpose of providing educational scholarships. This commitment is evident in the awards of over $122,000 in scholarships to students pursuing degrees in the medical field. Its objective is to support the academic pursuits of individuals, thereby contributing to the development of future professionals in the medical field. The foundation's activities primarily focus on managing its endowment fund and dispersing scholarships, fostering educational opportunities for deserving students.
Who is the CEO of Ancient Accepted Scottish Rite Valley Of Cleveland Foundation?
Theodore Cutts is the Chairman of Ancient Accepted Scottish Rite Valley Of Cleveland Foundation.
What is the revenue of Ancient Accepted Scottish Rite Valley Of Cleveland Foundation?
Ancient Accepted Scottish Rite Valley Of Cleveland Foundation's revenue in 2022 was $476,304.
Who are the executives of Ancient Accepted Scottish Rite Valley Of Cleveland Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Ancient Accepted Scottish Rite Valley Of Cleveland Foundation?
Ancient Accepted Scottish Rite Valley Of Cleveland Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ancient Accepted Scottish Rite Valley Of Cleveland Foundation
The Ancient Accepted Scottish Rite Valley Of Cleveland Foundation is committed to maintaining and managing an endowment fund. This mission, in essence, serves as a financial resource for providing educational scholarships. Specifically, the foundation awards scholarships worth $122,000 to students pursuing degrees in the medical field. By investing in the education of future medical professionals, the Ancient Accepted Scottish Rite Valley Of Cleveland Foundation plays a significant role in contributing to the healthcare sector and the broader community.
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Impact
July, 2024
The Ancient Accepted Scottish Rite Valley of Cleveland Foundation has made a significant impact by awarding educational scholarships totaling $122,000 to students pursuing degrees in the medical field. Through this support, the foundation is not only empowering individual students to further their education but also contributing to the ongoing development of the medical field. This initiative aligns with the foundation's mission to maintain and manage an endowment fund for educational scholarships, ultimately leading to tangible community improvement in Rocky River, Ohio.
This information is meant to be a general summary of Ancient Accepted Scottish Rite Valley Of Cleveland Foundation. 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: $476,304
- Gross Receipts: $4,391,065
Assets and Liabilities:
- Total Assets: $15,065,157
- Total Liabilities: $0
- Net Assets: $15,065,157
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Organization Details
Founding Year
1988
Phone
(216) 432-2370Principal Officer
Theodore Cutts
Main Address
1150 Linda Street, Rocky River, OH, 44116
NTEE Category
Code: S80 - Community improvement
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