Overview
What is Helen Jordan Truitt Scholarship Fund Tru?
The Helen Jordan Truitt Scholarship Fund Tru is a charitable organization situated in Chillicothe, Illinois, specifically at 130 N 2nd Street. Its primary mission is to offer financial aid in the form of scholarships to deserving graduates from District #321 High School in Chillicothe, enabling them to pursue higher education at four-year colleges or universities. The fund's activities are dedicated to supporting local students and contributing to their academic growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating
The Helen Jordan Truitt Scholarship Fund has received a Two-Star rating from Charity Navigator, indicating that its overall performance is below average. This score is primarily based on its Accountability & Finance metrics, which reflects the charity's financial health and governance practices. While the organization demonstrates strong program expense ratios, with 84.20% of its funds directed towards its programs, it struggles in areas related to policy disclosures and board governance.
The charity has an independent board, scoring full points for having a majority of independent members. However, it falls short in transparency, as it lacks key policies such as conflict of interest and whistleblower protections, which are crucial for ensuring accountability. Additionally, the absence of its website listed on tax forms and missing documentation regarding board meeting minutes raises concerns about its commitment to transparency and operational best practices.
While the charity shows a favorable ratio of liabilities to assets, indicating a strong financial position, the lack of essential governance policies and missing public disclosures highlight areas for improvement. Overall, the Helen Jordan Truitt Scholarship Fund demonstrates a commitment to its mission but must address its governance and transparency issues to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Helen Jordan Truitt Scholarship Fund Tru legitimate?
Helen Jordan Truitt Scholarship Fund Tru is a legitimate nonprofit organization registered as a 501(c)(3) entity. Helen Jordan Truitt Scholarship Fund Tru 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 Helen Jordan Truitt Scholarship Fund Tru?
The Helen Jordan Truitt Scholarship Fund's mission is aimed at providing financial aid to selected graduates from District #321 High School in Chillicothe, Illinois. This aid is intended for these individuals to pursue their higher education at four-year colleges or universities. The purpose of this fund is to support these deserving students in their academic pursuits, thereby enabling them to further their education and potentially contribute to society in the future. The scholarship fund serves as a stepping stone for these students, providing them with the financial means to pursue their dreams of higher education.
Who is the CEO of Helen Jordan Truitt Scholarship Fund Tru?
Gwendolyn Hemstreet is the Trustee of Helen Jordan Truitt Scholarship Fund Tru.
What is the revenue of Helen Jordan Truitt Scholarship Fund Tru?
Helen Jordan Truitt Scholarship Fund Tru's revenue in 2022 was $30,809.
Who are the executives of Helen Jordan Truitt Scholarship Fund Tru and what are their salaries?
There 2 volunteers at Helen Jordan Truitt Scholarship Fund Tru.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Helen Jordan Truitt Scholarship Fund Tru?
Helen Jordan Truitt Scholarship Fund Tru's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Helen Jordan Truitt Scholarship Fund Tru
The Helen Jordan Truitt Scholarship Fund Tru is established with a mission to provide financial assistance to outstanding graduates from District #321 High School in Chillicothe, Illinois. This nonprofit organization aims to support these selected individuals in pursuing their higher education at a four-year college or university. The scholarship fund serves as a means to invest in the future of these talented young individuals, helping them to further their education and unlock their full potential.
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Impact
August, 2024
The Helen Jordan Truitt Scholarship Fund Tru has had a significant impact on the graduates of District #321 High School in Chillicothe, IL. By providing scholarship money to selected students to attend a four-year college or university, the fund opens up opportunities for these individuals that may not have otherwise been accessible to them. This support not only helps these students pursue higher education but also empowers them to reach their full potential and achieve their academic and career goals. The impact of this scholarship fund extends beyond individual recipients, as it contributes to the overall educational advancement and success of the community in Chillicothe, IL.
This information is meant to be a general summary of Helen Jordan Truitt Scholarship Fund Tru. 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: $30,809
- Gross Receipts: $80,309
Assets and Liabilities:
- Total Assets: $872,176
- Total Liabilities: $0
- Net Assets: $872,176
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Organization Details
Founding Year
1989
Phone
(309) 696-5832Principal Officer
Gwendolyn Hemstreet
Main Address
130 N 2ND STREET, CHILLICOTHE, IL, 61523
NTEE Category
Code: B82 - Education
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