Overview
What is The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee?
The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee is a nonprofit organization located in Hickman, Kentucky. Its primary mission is to provide college scholarships to students in Fulton County and Fulton Independent High School in Kentucky. During the year, the trust distributed a total of $5,175 in scholarships to independent students from Fulton City and $23,125 to students from Fulton County. These scholarships aim to support the higher education of local youth, thereby contributing to their future prospects.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Whipple Scholarship Trust has received a respectable Three-Star rating from Charity Navigator, indicating a solid level of transparency and accountability in its operations. The rating is based solely on its Accountability & Finance score, which stands at 80%, reflecting a commitment to responsible financial management and governance. The trust has a clean record with no material diversion of assets, and its liabilities to assets ratio is impressively low at 0.00%.
Strengths of the Whipple Scholarship Trust include a fully independent board, which consists of 10 out of 10 independent members, demonstrating a strong governance structure. The organization also maintains a conflict of interest policy and adequately documents its board meeting minutes, suggesting effective oversight and decision-making practices. Additionally, the program expense ratio is 100%, indicating that all resources are directed towards fulfilling its charitable mission.
While the charity shows significant strengths in governance and financial management, the single-focus rating may limit a comprehensive understanding of its overall impact and effectiveness in achieving its mission. Still, the strong accountability metrics are a positive indicator for potential donors and stakeholders looking for transparency in nonprofit operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee legitimate?
The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee 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
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What is the mission statement of The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee?
The Whipple Scholarship Trust, under the management of Citizens Bank of Hickman, has a mission to provide college scholarships. This mission is specifically directed towards students from Fulton County High School and Fulton Independent High School, located in Kentucky. In the previous year, the trust disbursed $23,125 in scholarships to students from Fulton County, and $5,175 to students from Fulton City Independent High School. The scholarship fund aims to support the educational aspirations of these students, contributing to their future academic and personal growth.
Who is the CEO of The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee?
The Citizens Bank Of Hick is the Principal Officer of The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee.
What is the revenue of The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee?
The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee's revenue in 2023 was $32,629.
Who are the executives of The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee?
The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee
The Whipple Scholarship Trust, a charitable organization, is dedicated to providing college scholarships. Its mission extends to supporting students from two high schools: Fulton County High School and Fulton Independent High School, both located in Kentucky. The Trust demonstrates its commitment by offering financial aid to deserving students, with a total of $28,300 in scholarships awarded during the year. Half of these funds were allocated to students from Fulton City Independent High School, amounting to $5,175, while the remaining half was distributed among students from Fulton County High School, totaling $23,125. By offering these scholarships, The Whipple Scholarship Trust aims to help talented young individuals pursue their higher education dreams, thereby contributing to their personal growth and the broader community.
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Impact
October, 2024
The Whipple Scholarship Trust, managed by Citizens Bank of Hickman, plays a significant role in supporting the educational aspirations of students in Fulton County, Kentucky. Through its commitment to providing college scholarships, the Trust has made a tangible difference in the lives of local students. In just one year, it awarded $5,175 to students from Fulton City Independent Schools and $23,125 to students from Fulton County High School, totaling an impressive $28,300 in scholarship funding.
This financial support not only alleviates the burden of educational expenses but also encourages academic achievement and progression among students. By investing in the future of these young individuals, the Trust fosters a culture of learning and ambition within the community. The scholarships enable recipients to pursue higher education and acquire the skills necessary for their future careers, ultimately contributing to the development of a more educated and skilled workforce in the region. Through its mission, The Whipple Scholarship Trust exemplifies the power of philanthropy in creating opportunities and uplifting the community.
This information is meant to be a general summary of The Whipple Scholarship Trust C/O Citizens Bank Of Hickman Trustee. 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: $8,733
- Gross Receipts: $32,629
Assets and Liabilities:
- Total Assets: $1,210,564
- Total Liabilities: $0
- Net Assets: $1,210,564
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Organization Details
Founding Year
2010
Phone
(270) 236-2525Principal Officer
The Citizens Bank Of Hick
Main Address
P O BOX 268, HICKMAN, KY, 42050
NTEE Category
Code: T30 - Philanthropy
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