Overview
What is Realtor Scholarship Fund?
The Realtor Scholarship Fund is a charitable organization located in Royal Oak, Michigan. Its primary mission is to aid and assist students enrolled in Michigan universities and colleges by providing them with financial scholarships and awards. As part of its activities, the fund awarded 61 scholarships to eligible students in the recent past. The organization's goal is to alleviate the financial burden of higher education for these students, thereby empowering them to pursue their academic dreams.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
The Realtor Scholarship Fund has received a rating indicating that it needs improvement, reflecting both strengths and areas lacking transparency. With an impressive accountability and finance score of 100%, the organization demonstrates strong governance practices, such as an entirely independent board and a favorable liabilities to assets ratio. Additionally, the program expense ratio is high at 93.95%, suggesting that a significant portion of their funds are directed toward their mission.
Despite these strengths, the organization has notable limitations. Key policies, including the conflict of interest policy, whistleblower policy, and document retention and destruction policy, are missing. Furthermore, the tax form is not available on the nonprofit's website, which raises concerns about transparency and accessibility of important financial information.
Overall, while the Realtor Scholarship Fund shows a commitment to financial responsibility and effective governance, the gaps in policy documentation and transparency may warrant caution for potential donors and supporters. Addressing these deficiencies would enhance the organization’s credibility and improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Realtor Scholarship Fund legitimate?
Realtor Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Realtor 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.
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What is the mission statement of Realtor Scholarship Fund?
The Realtor Scholarship Fund's mission is centered around assisting and supporting students attending Michigan colleges and universities financially. This is accomplished by providing scholarships and awards. This year, the fund awarded 61 scholarships to deserving students. The primary goal of the fund is to help alleviate financial burdens, thereby enabling these students to pursue their higher education. The Realtor Scholarship Fund acts as a vital resource for these students, aiding them in their academic journey.
Who is the CEO of Realtor Scholarship Fund?
Ken Dunneback is the Treasurer of Realtor Scholarship Fund.
What is the revenue of Realtor Scholarship Fund?
Realtor Scholarship Fund's revenue in 2022 was $103,574.
Who are the executives of Realtor Scholarship Fund and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Realtor Scholarship Fund?
Realtor Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Realtor Scholarship Fund
The Realtor Scholarship Fund is committed to aiding and empowering students pursuing higher education at Michigan colleges and universities by providing them with financial scholarships and awards. This mission-driven organization is dedicated to alleviating the financial burdens faced by these students, enabling them to focus on their academic journey and ultimately securing a brighter future. In the past year, the fund has successfully awarded 61 scholarships, demonstrating its unwavering support for the educational aspirations of Michigan's students.
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Impact
October, 2024
The Realtor Scholarship Fund significantly impacts students attending Michigan colleges and universities by providing essential financial scholarships and awards. In a recent year, the Fund awarded sixty-one individual scholarships, directly supporting students in their pursuit of higher education. This financial assistance not only alleviates the burden of educational expenses but also empowers students to focus on their studies and maximize their academic potential. By facilitating access to higher education, the Fund helps shape the future of countless individuals in Michigan, fostering a more educated and skilled workforce.
This information is meant to be a general summary of Realtor 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: $92,054
- Gross Receipts: $194,762
Assets and Liabilities:
- Total Assets: $2,715,757
- Total Liabilities: $0
- Net Assets: $2,715,757
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Organization Details
Founding Year
1973
Principal Officer
Ken Dunneback
Main Address
26236 WOODWARD AVE, ROYAL OAK, MI, 480670918
NTEE Category
Code: B84 - Education
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