Overview
What is Oakland Hills Scholarship Trust Fund?
The Oakland Hills Scholarship Trust Fund is a nonprofit organization situated in Bloomfield Hills, Michigan, specifically at 3951 WEST MAPLE ROAD. Its primary mission revolves around providing financial aid and scholarships to individuals working at Oakland Hills Country Club and their immediate family members. This includes golf course caddies and club employees. Beyond this, the fund also extends its generosity by granting funds to other organizations associated with Oakland Hills Country Club.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Oakland Hills Scholarship Trust Fund has achieved an 88% rating from Charity Navigator, indicating a solid level of financial health and accountability. With an Impact & Measurement score of 100, the organization clearly demonstrates a strong commitment to effectively evaluating its impact on scholarship recipients. The program expense ratio of 81.34% shows that a significant portion of its resources is directed towards its programs rather than administrative expenses.
Strengths of the organization include a fully independent board, which comprises seven members, ensuring unbiased governance and oversight. Additionally, the charity boasts a remarkably low liabilities to assets ratio of 0.00%, suggesting a stable financial position without concerning debt levels. The effectiveness of the fund is evidenced by the program's ability to generate more than $1.25 in income for every dollar spent on scholarships.
While the overall rating reflects solid performance, areas for improvement can be seen in the Accountability & Finance score, which stands at 73. This suggests that there may be some room for enhancing financial transparency or efficiency. Overall, the Oakland Hills Scholarship Trust Fund shows promise in its mission to support scholarship recipients, backed by strong impact evaluation and an independent governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Oakland Hills Scholarship Trust Fund legitimate?
Oakland Hills Scholarship Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oakland Hills Scholarship Trust 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.
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What is the mission statement of Oakland Hills Scholarship Trust Fund?
The Oakland Hills Scholarship Trust Fund's mission is centered around providing scholarships and financial assistance. This aid is extended to caddies, employees, and their immediate family members who are part of the Oakland Hills Country Club workforce. Additionally, the trust fund offers grants to organizations that have a connection to the country club. The primary purpose of these scholarships and financial assistance is to support the educational and financial needs of the eligible individuals. The trust fund also contributes to other organizations that share similar objectives.
Who is the CEO of Oakland Hills Scholarship Trust Fund?
John Lessway is the President of Oakland Hills Scholarship Trust Fund.
What is the revenue of Oakland Hills Scholarship Trust Fund?
Oakland Hills Scholarship Trust Fund's revenue in 2022 was $490,616.
Who are the executives of Oakland Hills Scholarship Trust Fund and what are their salaries?
There 7 volunteers at Oakland Hills Scholarship Trust Fund.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Oakland Hills Scholarship Trust Fund?
Oakland Hills Scholarship Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oakland Hills Scholarship Trust Fund
The Oakland Hills Scholarship Trust Fund, in its mission, aims to provide scholarships and financial assistance to caddies, employees, and immediate family members of employees who are part of Oakland Hills Country Club. Beyond this, the Trust Fund also extends grants to organizations that are related to Oakland Hills Country Club. Through these initiatives, the fund seeks to offer financial support to individuals within this community.
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Impact
July, 2024
The Oakland Hills Scholarship Trust Fund has a significant impact on the educational opportunities available to caddies, employees, and immediate family members of employees at Oakland Hills Country Club. By providing scholarships and financial assistance, the trust fund enables individuals to pursue their academic goals and aspirations. Additionally, the fund's grants to other organizations related to the country club further support educational initiatives within the community. Through its focus on education, the Oakland Hills Scholarship Trust Fund plays a vital role in empowering individuals to achieve their full potential and contribute positively to society.
This information is meant to be a general summary of Oakland Hills Scholarship Trust 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: $21,950
- Gross Receipts: $1,672,531
Assets and Liabilities:
- Total Assets: $2,753,582
- Total Liabilities: $0
- Net Assets: $2,753,582
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Organization Details
Founding Year
1977
Phone
(248) 644-2500Principal Officer
John Lessway
Main Address
3951 WEST MAPLE ROAD, BLOOMFIELD HILLS, MI, 48301
NTEE Category
Code: B82Z - Education
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