Overview
What is Jack Brokaw Trade School Scholarship Fund?
The Jack Brokaw Trade School Scholarship Fund, based in Biggsville, Illinois, is a nonprofit organization committed to establishing a scholarship fund for local students pursuing education at trade schools. This initiative aims to provide financial assistance, thereby making vocational education more accessible and affordable within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The rating reflects the organization's ability to effectively manage its finances and accountability practices. With a solid program expense ratio of 100%, the Jack Brokaw Trade School Scholarship Fund prioritizes its mission to support education, allocating all its expenses directly to programs.
The organization boasts an independent board with a complete score for both majority independent board members and board size. The low liabilities to assets ratio indicates strong financial health, as the fund has minimal debt compared to its assets. However, the overall rating is diminished by the absence of critical governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which are essential for fostering transparency and trust.
Despite its strengths in financial management and program spending, the lack of certain governance documents raises concerns about operational transparency. This highlights areas where the organization can improve to enhance its accountability and build greater trust with its stakeholders. Addressing these weaknesses could significantly elevate its rating and overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Jack Brokaw Trade School Scholarship Fund legitimate?
Jack Brokaw Trade School Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jack Brokaw Trade School 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.
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 Jack Brokaw Trade School Scholarship Fund?
The Jack Brokaw Trade School Scholarship Fund aims to establish a scholarship fund for students in the local community who are pursuing education at trade schools. The primary goal is to provide financial assistance to these students, enabling them to acquire vocational skills and potentially propel their careers forward. The fund's activities revolve around granting scholarships to deserving students, thereby broadening their opportunities and contributing to the community's workforce development.
Who is the CEO of Jack Brokaw Trade School Scholarship Fund?
Steven D Brokaw is the President of Jack Brokaw Trade School Scholarship Fund.
What is the revenue of Jack Brokaw Trade School Scholarship Fund?
Jack Brokaw Trade School Scholarship Fund's revenue in 2022 was $20,051.
Who are the executives of Jack Brokaw Trade School Scholarship Fund and what are their salaries?
Here are 3 key members and their salaries:
- 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 Jack Brokaw Trade School Scholarship Fund?
Jack Brokaw Trade School Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jack Brokaw Trade School Scholarship Fund
The Jack Brokaw Trade School Scholarship Fund aims to establish a scholarship fund specifically for students in the local community who are pursuing their education at trade schools. The mission of this nonprofit organization is to provide financial assistance to these students, enabling them to afford their education and pursue career opportunities in various trades. By establishing this scholarship fund, the Jack Brokaw Trade School Scholarship Fund aims to support local talent and contribute to the development of a skilled workforce in the community. The fund's activities are centered around providing scholarships to deserving students, allowing them to access quality education and ultimately, secure rewarding careers in their chosen trades.
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
August, 2024
The Jack Brokaw Trade School Scholarship Fund provides valuable financial support to local students pursuing technical and vocational education. By offering scholarships for trade school programs, this fund opens doors of opportunity for individuals aiming to enter skilled trades and contribute to the workforce. Through its impactful mission, the fund helps bridge the gap between education and employment, empowering students to acquire practical skills and secure fulfilling careers in their community.
This information is meant to be a general summary of Jack Brokaw Trade School 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: $2,265
- Program Service Revenue: $17,786
- Gross Receipts: $20,051
Assets and Liabilities:
- Total Assets: $1,036,059
- Total Liabilities: $16,341
- Net Assets: $1,019,718
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FARMLAND RENT
Revenue
$16,911
CRP
Revenue
$875
Organization Details
Founding Year
2011
Principal Officer
Steven D Brokaw
Main Address
1856 TOWNSHIP RD 1600 N, BIGGSVILLE, IL, 61418
NTEE Category
Code: B99 - Education
If you are a representative of Jack Brokaw Trade School Scholarship Fund 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.