Overview
What is John J Kaulentis Memorial Scholarship Fund?
The John J Kaulentis Memorial Scholarship Fund is a nonprofit organization that focuses on offering financial aid. It provides scholarships and grants to hospitals for COVID-19 (COVAD) relief, contributes to schools by awarding scholarships to students, and offers support during pandemic times. Additionally, this fund aids in various relief efforts.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating.
The John J Kaulentis Memorial Scholarship Fund received a strong score of 91%, reflecting a high level of accountability and financial management. This rating is particularly significant as it is derived entirely from the accountability and finance category, indicating the organization’s commitment to transparency and responsible fiscal practices.
Strengths of the fund include a fully independent board with 100% of its members meeting independence criteria, ensuring unbiased governance. Additionally, the organization demonstrates no material diversion of assets and has established policies for conflict of interest, whistleblower protection, and document retention, all of which contribute to its robust governance framework.
A notable aspect of the fund is its efficient allocation of resources, with 88.15% of its expenses dedicated to programs. This high program expense ratio suggests that the majority of its funding is directed towards fulfilling its mission of providing scholarships, although detailed feedback on the impact of these programs is not provided. Overall, the fund appears to operate with a strong foundation of integrity and fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is John J Kaulentis Memorial Scholarship Fund legitimate?
John J Kaulentis Memorial Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. John J Kaulentis Memorial 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 John J Kaulentis Memorial Scholarship Fund?
The John J Kaulentis Memorial Scholarship Fund's primary mission is to provide financial aid through scholarships and grants. This organization supports hospitals in their efforts to alleviate the impacts of COVID-19 (COVAD), contributes to schools in awarding scholarships to students, and aids in pandemic relief efforts. In summary, the fund's mission is to contribute financially to educational opportunities and healthcare relief during challenging times.
Who is the CEO of John J Kaulentis Memorial Scholarship Fund?
David Feitner is the President of John J Kaulentis Memorial Scholarship Fund.
What is the revenue of John J Kaulentis Memorial Scholarship Fund?
John J Kaulentis Memorial Scholarship Fund's revenue in 2022 was $4,758.
Who are the executives of John J Kaulentis Memorial Scholarship Fund and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for John J Kaulentis Memorial Scholarship Fund?
John J Kaulentis Memorial Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of John J Kaulentis Memorial Scholarship Fund
The John J Kaulentis Memorial Scholarship Fund is dedicated to providing financial aid, in the form of scholarships and grants. This nonprofit organization has a twofold mission: firstly, it supports hospitals in their efforts to alleviate the impact of COVAD, a term not specified in the provided information. Secondly, the fund aids schools in awarding scholarships to deserving students. In addition to these educational initiatives, the John J Kaulentis Memorial Scholarship Fund also contributes to pandemic relief efforts. By providing these scholarships and grants, the organization aims to support individuals and institutions in overcoming the challenges posed by these situations.
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Impact
August, 2024
The John J Kaulentis Memorial Scholarship Fund's impact is significant in providing funds for scholarships, grants to hospitals for COVID relief, supporting schools in awarding scholarships to students, and aiding pandemic relief efforts. Through its mission of supporting education and contributing to pandemic relief efforts, the fund plays a crucial role in empowering students, healthcare institutions, and communities in need.
This information is meant to be a general summary of John J Kaulentis Memorial 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 2022.
- Investment Income: $1,608
- Gross Receipts: $4,758
Assets and Liabilities:
- Total Assets: $888,340
- Total Liabilities: $0
- Net Assets: $888,340
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Organization Details
Founding Year
1993
Phone
(312) 341-5728Principal Officer
David Feitner
Main Address
105 MANOR DRIVE, DEERFIELD, IL, 60015
NTEE Category
Code: B82Z - Education
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