Overview
What is Tr Ua J Sahlmark Scholarship?
The Tr Ua J Sahlmark Scholarship is a trust that provides educational grants to individuals, aiming to reduce the financial burden associated with post-secondary education. This trust operates in conjunction with organizations classified under sections 509(a)(1) or (a)(2), meaning all funds are allocated to these organizations. The trust's primary purpose is to support these organizations in their educational missions. The exact location of the trust is not specified in the provided information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (60%)
The Tr Ua J Sahlmark Scholarship has received a rating of two stars, indicating a need for improvement. The organization has an overall score of 60%, with a strong program expense ratio of 75.45%, which suggests that a significant portion of its resources is directed towards its charitable programs. However, it lacks independent board members, which is a critical aspect of accountability and governance.
In terms of financial accountability, the organization shows no material diversion of assets, achieving full marks in that area. However, it falls short in other key governance indicators, such as the absence of independent board members and missing essential policies like whistleblower and document retention policies. Additionally, its website is not listed on its tax form, and required financial documents are not posted online, further impacting transparency.
Overall, while the organization demonstrates a commitment to directing funds towards its programs, it has significant weaknesses in governance and transparency that need to be addressed for improved accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Tr Ua J Sahlmark Scholarship legitimate?
Tr Ua J Sahlmark Scholarship is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tr Ua J Sahlmark Scholarship 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: $4,675
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Tr Ua J Sahlmark Scholarship?
The Tr Ua J Sahlmark Scholarship, operated in connection with eligible organizations, primarily focuses on awarding educational grants to individuals. Its purpose is to assist individuals in managing the financial burden of post-secondary education. The scholarship functions by granting allocations to these eligible organizations, which then distribute the funds to the selected recipients. The mission of the Tr Ua J Sahlmark Scholarship is to support the educational aspirations of individuals, thereby contributing to their personal growth and development.
Who is the CEO of Tr Ua J Sahlmark Scholarship?
Fifth Third Bank N A is the Trustee of Tr Ua J Sahlmark Scholarship.
What is the revenue of Tr Ua J Sahlmark Scholarship?
Tr Ua J Sahlmark Scholarship's revenue in 2022 was $11,692.
Who are the executives of Tr Ua J Sahlmark Scholarship and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $4,676
- 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 Tr Ua J Sahlmark Scholarship?
Tr Ua J Sahlmark Scholarship's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tr Ua J Sahlmark Scholarship
Tr Ua J Sahlmark Scholarship is a trust designed to support organizations classified under sections 509(a)(1) or (a)(2). This trust's primary mission is to provide educational scholarships to individuals, aiming to alleviate the financial burden associated with pursuing post-secondary education. The trust operates by allocating grants to these eligible organizations, ensuring that the scholarships are distributed effectively. By doing so, Tr Ua J Sahlmark Scholarship contributes to the broader mission of the organizations it supports, which often involve promoting education and personal development. The scholarships provided by this trust empower individuals to further their education, potentially leading to improved career opportunities and a broader range of life choices.
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Impact
October, 2024
The Tr Ua J Sahlmark Scholarship significantly impacts individuals pursuing post-secondary education by providing essential financial support. By alleviating some of the costs associated with higher education, these scholarships enable recipients to focus more on their studies and less on the financial burden. This assistance fosters greater access to educational opportunities, promoting academic achievement and personal development.
Moreover, by distributing grants exclusively to organizations engaged in educational initiatives, the Scholarship reinforces a strong community framework that supports learning and growth. This collaborative approach maximizes the reach and effectiveness of the funding, ultimately benefiting a broader range of students in Cincinnati, Ohio, and beyond. The emphasis on education creates a ripple effect that not only empowers individual scholars but also contributes to the overall advancement of the community by nurturing a well-educated populace.
This information is meant to be a general summary of Tr Ua J Sahlmark Scholarship. 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: $11,692
- Gross Receipts: $193,569
Assets and Liabilities:
- Total Assets: $282,236
- Total Liabilities: $0
- Net Assets: $282,236
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Organization Details
Founding Year
1967
Phone
(513) 534-5310Principal Officer
Fifth Third Bank N A
Main Address
PO BOX 630858, CINCINNATI, OH, 452630858
NTEE Category
Code: B82Z - Education
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