Overview
What is Ironwood Area Scholarship Foundation C/O Timothy Kolesar?
The Ironwood Area Scholarship Foundation C/O Timothy Kolesar is a charitable organization situated in Ironwood, Michigan, specifically at 132 E Ridge Street. Their primary mission involves raising funds, which are later used to establish an endowment. From this endowment, they grant scholarships to high school graduates, acknowledging their achievements and academic performance. The foundation's aim is to provide financial assistance to deserving students, thereby supporting their future educational pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Ironwood Area Scholarship Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The score is derived solely from its Accountability & Finance beacon, which emphasizes the importance of transparency and governance in nonprofit organizations.
Strengths of the foundation include a fully independent board with ten members, demonstrating a commitment to effective oversight. Additionally, the foundation has reported no material diversion of assets, maintains a favorable liabilities to assets ratio of 0.00%, and shows a strong program expense ratio of 85.48%, indicating that a significant portion of its resources is directed toward its mission of providing scholarships.
However, the overall rating suggests that while the foundation meets basic standards for accountability, there may be areas for improvement to enhance its overall performance and reputation. Stakeholders are encouraged to consider these factors when evaluating the organization’s effectiveness and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Ironwood Area Scholarship Foundation C/O Timothy Kolesar legitimate?
Ironwood Area Scholarship Foundation C/O Timothy Kolesar is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ironwood Area Scholarship Foundation C/O Timothy Kolesar 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 Ironwood Area Scholarship Foundation C/O Timothy Kolesar?
The Ironwood Area Scholarship Foundation's mission is centered around raising funds to establish an endowment. The income generated from this endowment is then utilized to award scholarships to high school graduates. These scholarships are merit-based, taking into account the students' academic performances, grades, and achievements. The foundation's primary objective is to support and recognize exemplary students who demonstrate outstanding academic prowess and achievements.
Who is the CEO of Ironwood Area Scholarship Foundation C/O Timothy Kolesar?
Tim Kolesar is the President of Ironwood Area Scholarship Foundation C/O Timothy Kolesar.
What is the revenue of Ironwood Area Scholarship Foundation C/O Timothy Kolesar?
Ironwood Area Scholarship Foundation C/O Timothy Kolesar's revenue in 2023 was $126,622.
Who are the executives of Ironwood Area Scholarship Foundation C/O Timothy Kolesar and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ironwood Area Scholarship Foundation C/O Timothy Kolesar?
Ironwood Area Scholarship Foundation C/O Timothy Kolesar's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ironwood Area Scholarship Foundation C/O Timothy Kolesar
The Ironwood Area Scholarship Foundation, led by Timothy Kolesar, is dedicated to raising funds for an endowment. The income generated from this endowment is then used to grant scholarships to high school graduates. These scholarships are awarded based on the students' performances, grades, and achievements. The foundation's mission is to support and invest in the future of these talented individuals, recognizing their hard work and dedication during their high school years. By providing financial assistance, the Ironwood Area Scholarship Foundation aims to help these students further their education and achieve their academic and career goals. The foundation's scholarships serve as a testament to the importance of recognizing and rewarding academic excellence and achievement.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Ironwood Area Scholarship Foundation C/O Timothy Kolesar plays a crucial role in supporting the educational aspirations of high school graduates in Ironwood, MI. By soliciting funds to create an endowment, the foundation generates income that is directly awarded to students based on their performances, grades, and achievements. This financial support not only alleviates the burden of educational expenses but also encourages academic excellence and commitment among students.
Through its scholarship initiatives, the foundation fosters a culture of achievement, inspiring students to strive for their best while providing meaningful recognition for their hard work. As graduates pursue higher education or vocational training, the foundation's impact extends beyond immediate financial assistance, shaping the future of the community by empowering the next generation of leaders, professionals, and engaged citizens.
This information is meant to be a general summary of Ironwood Area Scholarship Foundation C/O Timothy Kolesar. 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: $80,759
- Gross Receipts: $458,512
Assets and Liabilities:
- Total Assets: $1,746,019
- Total Liabilities: $0
- Net Assets: $1,746,019
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1988
Phone
(906) 932-0932Principal Officer
Tim Kolesar
Main Address
132 E RIDGE STREET, IRONWOOD, MI, 49938
NTEE Category
Code: B82 - Education
If you are a representative of Ironwood Area Scholarship Foundation C/O Timothy Kolesar and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.