Overview
What is Legacy Scholarship Funds Inc?
Legacy Scholarship Funds Inc is a nonprofit organization that focuses on providing financial aid to deserving high school graduates, enabling them to pursue their higher education goals. By granting college scholarships through their programs, this organization serves as a vital resource for students seeking financial assistance. The mission of Legacy Scholarship Funds Inc is deeply rooted in supporting the academic aspirations of its beneficiaries, ensuring that financial constraints do not hinder their educational journey.
Official website here: www.wlcsd.org/legacy-scholarship-funds
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Legacy Scholarship Funds Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 100% in key areas such as having a majority of independent board members and demonstrating no material diversion of assets, which indicates a commitment to transparency and integrity in its operations.
The organization excels in its financial management, with a program expense ratio of 81.37%, showing that a significant portion of its funds is allocated directly to its programs. Additionally, it has established a clear conflict of interest policy and maintains accurate documentation of board meeting minutes. However, it is noted that the organization lacks a whistleblower policy, which is an area for potential improvement to further enhance its governance practices.
Overall, Legacy Scholarship Funds Inc demonstrates a solid foundation in financial accountability and operational transparency, making it a trustworthy choice for donors looking to support educational initiatives. The organization may benefit from addressing the absence of its whistleblower policy to strengthen its governance framework even further.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy Scholarship Funds Inc legitimate?
Legacy Scholarship Funds Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Scholarship Funds Inc 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: $7,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wlcsd.org/legacy-scholarship-funds
What is the mission statement of Legacy Scholarship Funds Inc?
Legacy Scholarship Funds Inc's mission is centered around granting college scholarships. The organization provides financial aid services to deserving graduating high school seniors, with the aim of supporting their academic goals. Through its programs, Legacy Scholarship Funds seeks to make higher education more accessible for these students, thereby contributing to their overall personal and professional development. The organization's mission is driven by a commitment to helping deserving students realize their educational aspirations.
Official website here: www.wlcsd.org/legacy-scholarship-funds
Who is the CEO of Legacy Scholarship Funds Inc?
Mary Riemersma is the Secretary of Legacy Scholarship Funds Inc.
Official website here: www.wlcsd.org/legacy-scholarship-funds
What is the revenue of Legacy Scholarship Funds Inc?
Legacy Scholarship Funds Inc's revenue in 2023 was $75,871.
Official website here: www.wlcsd.org/legacy-scholarship-funds
Who are the executives of Legacy Scholarship Funds Inc and what are their salaries?
There 14 volunteers at Legacy Scholarship Funds Inc.
Here are 14 key members and their salaries:
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Official website here: www.wlcsd.org/legacy-scholarship-funds
Where can I find the form 990 for Legacy Scholarship Funds Inc?
Legacy Scholarship Funds Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wlcsd.org/legacy-scholarship-funds
Learn more at the official website: www.wlcsd.org/legacy-scholarship-funds
Mission Statement of Legacy Scholarship Funds Inc
Legacy Scholarship Funds Inc is an organization committed to granting college scholarships. Their mission is centered around providing financial aid services to deserving graduating high school seniors, with the ultimate goal of supporting these students as they strive to achieve their academic aspirations. The nonprofit's programs are designed to empower these students, offering them the financial assistance needed to pursue higher education and realize their academic dreams.
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Impact
August, 2024
Legacy Scholarship Funds Inc's impact is profound in providing financial aid services to deserving graduating high school seniors through their college scholarship programs. By granting scholarships, they are making higher education more accessible and helping students achieve their academic goals. Their dedication to supporting students in pursuing their educational aspirations contributes to building a brighter future for these individuals and potentially impacting their communities positively.
This information is meant to be a general summary of Legacy Scholarship Funds Inc. 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: $8,858
- Gross Receipts: $1,063,608
Assets and Liabilities:
- Total Assets: $1,380,201
- Total Liabilities: $0
- Net Assets: $1,380,201
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Organization Details
Founding Year
1983
Phone
(248) 363-5853Principal Officer
Mary Riemersma
Main Address
3095 S COMMERCE ROAD SUITE C, WALLED LAKE, MI, 48390
NTEE Category
Code: B82 - Education
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