Overview
What is Our World-Underwater Scholarship Society?
Our World-Underwater Scholarship Society is a nonprofit organization dedicated to promoting and offering a year-long scholarship in the marine field, fostering underwater educational activities. By providing opportunities such as the American Academy of Underwater Sciences (AAUS) internship, the society aims to introduce undergraduates to various marine sectors and support them in pursuing careers in underwater science. The Society's mission encompasses diverse marine educational activities, offering a unique platform for aspiring professionals.
Official website here: www.owuscholarship.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Our World-Underwater Scholarship Society has achieved an impressive Four-Star rating from Charity Navigator, with a score of 97%. This rating reflects the organization’s high level of accountability and financial health, as it is calculated entirely from a single beacon score based on various governance and financial metrics.
The nonprofit excels in several key areas, including having a fully independent board with 100% of its members meeting this criterion. Additionally, the organization demonstrates robust financial management with no material diversion of assets and a favorable liabilities to assets ratio of 3.35%. The program expense ratio is also commendable at 81.18%, indicating that a significant portion of its funds is directed toward its programs.
While the data does not indicate any major limitations, the organization's strong governance practices—including clear policies on conflict of interest, whistleblowing, and document retention—reinforce its commitment to transparency and accountability. Overall, the Society stands out as a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Our World-Underwater Scholarship Society legitimate?
Our World-Underwater Scholarship Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our World-Underwater Scholarship Society 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:
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For more financial information, click here
Official website here: www.owuscholarship.org
What is the mission statement of Our World-Underwater Scholarship Society?
The Our World-Underwater Scholarship Society's mission is geared towards promoting and offering scholarships for a year-long program, focusing on underwater educational activities and marine fields. This program is designed to provide undergraduates with valuable internship opportunities through the American Academy of Underwater Sciences (AAUS), fostering their career development in underwater science. The society aims to introduce individuals to diverse marine fields and encourage educational activities related to underwater studies.
Official website here: www.owuscholarship.org
Who is the CEO of Our World-Underwater Scholarship Society?
Vincent J Malkoski is the Chairman of Our World-Underwater Scholarship Society.
Official website here: www.owuscholarship.org
What is the revenue of Our World-Underwater Scholarship Society?
Our World-Underwater Scholarship Society's revenue in 2022 was $114,713.
Official website here: www.owuscholarship.org
Who are the executives of Our World-Underwater Scholarship Society and what are their salaries?
There 25 volunteers at Our World-Underwater Scholarship Society.
Here are 10 key members and their salaries:
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Official website here: www.owuscholarship.org
Where can I find the form 990 for Our World-Underwater Scholarship Society?
Our World-Underwater Scholarship Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.owuscholarship.org
Learn more at the official website: www.owuscholarship.org
Mission Statement of Our World-Underwater Scholarship Society
The Our World-Underwater Scholarship Society is dedicated to promoting and facilitating underwater educational activities through a scholarship program. This nonprofit organization aims to introduce individuals to various marine fields, thereby fostering a new generation of underwater scientists. A key part of their mission is providing the American Academy of Underwater Sciences (AAUS) internship, which offers valuable experience and opportunities for undergraduates interested in pursuing careers in underwater science. By offering these scholarships and internships, the Our World-Underwater Scholarship Society is making a significant contribution to the field of underwater research and education.
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Impact
June, 2024
The Our World-Underwater Scholarship Society has a significant impact on promoting underwater educational activities and providing valuable opportunities for individuals interested in marine fields. Through their year-long Scholarship program and the American Academy of Underwater Sciences internship, they play a crucial role in introducing aspiring professionals to the underwater world and helping them gain the necessary experience to pursue careers in underwater science. Their focus on fostering education and exploration in marine environments contributes to creating a new generation of passionate and knowledgeable individuals dedicated to the protection and study of our oceans.
This information is meant to be a general summary of Our World-Underwater Scholarship Society. 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: $31,224
- Program Service Revenue: $2,402
- Gross Receipts: $114,713
Assets and Liabilities:
- Total Assets: $863,368
- Total Liabilities: $34,180
- Net Assets: $829,188
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISC PROGRAM FEES
Revenue
$2,402
Organization Details
Founding Year
1978
Principal Officer
Vincent J Malkoski
Main Address
PO BOX 6157, WOODRIDGE, IL, 60517
Website
www.owuscholarship.orgNTEE Category
Code: C02 - Environment
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