Overview
What is Grafton Community Scholarship Fund Inc?
Grafton Community Scholarship Fund Inc, based in Grafton, Wisconsin, is a nonprofit organization dedicated to raising funds to award scholarships to graduating high school seniors within the Grafton School District. Over the years, they've granted a total of 47 scholarships to support these students' pursuit of higher education or vocational courses at colleges or technical schools. The organization's mission is to contribute to the educational journey of local youth, fostering their personal growth and future prospects.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
The Grafton Community Scholarship Fund Inc has received a low rating of one star, reflecting concerns regarding its accountability and financial practices. The organization scored only 50% overall, with specific deficiencies noted in governance structures, such as having no independent board members. This lack of independence can raise concerns about oversight and the decision-making process within the nonprofit.
Despite the governance issues, the organization does demonstrate a strong commitment to its mission, as evidenced by a program expense ratio of 82.93%. This indicates that a significant portion of its funds is directed toward its programs rather than administrative costs. However, other critical policies and transparency measures are missing, including a conflict of interest policy and a whistleblower policy, which can further impact the trust level among potential donors and stakeholders.
The absence of essential documentation, such as meeting minutes and tax forms on the website, highlights a lack of transparency that could deter potential supporters. With a material diversion of assets rated positively (10 out of 10), the organization does not appear to mismanage its resources, but the overall governance gaps remain a concern for its sustainability and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Grafton Community Scholarship Fund Inc legitimate?
Grafton Community Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grafton Community Scholarship Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Grafton Community Scholarship Fund Inc?
The Grafton Community Scholarship Fund Inc is an organization that dedicates its efforts to raising funds with the purpose of awarding scholarships to graduating high school seniors within the Grafton School Districts. Their primary mission is to support the educational pursuits of these students by providing financial aid. To date, they have awarded 47 scholarships to students attending colleges or technical schools. The organization's activities are centered around this goal, aiming to help deserving students further their education.
Who is the CEO of Grafton Community Scholarship Fund Inc?
Pam Wiziarde is the President of Grafton Community Scholarship Fund Inc.
What is the revenue of Grafton Community Scholarship Fund Inc?
Grafton Community Scholarship Fund Inc's revenue in 2023 was $34,185.
Who are the executives of Grafton Community Scholarship Fund Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Grafton Community Scholarship Fund Inc?
Grafton Community Scholarship Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Grafton Community Scholarship Fund Inc
The Grafton Community Scholarship Fund, Inc. is an organization dedicated to raising funds to award scholarships to graduating high school seniors within the Grafton School Districts. Their mission is to support the educational aspirations of these young individuals, providing them with financial assistance as they transition into higher education or technical schools. By granting 47 scholarships annually, this nonprofit plays a significant role in enabling deserving students to pursue their academic goals, thereby contributing to their personal growth and future success.
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Impact
August, 2024
The Grafton Community Scholarship Fund Inc's impact lies in providing 47 college and tech school scholarships to graduating high school seniors in the Grafton School District. Through this initiative, they are enabling students to pursue higher education and fulfill their aspirations.
This information is meant to be a general summary of Grafton Community Scholarship Fund 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: $3,644
- Gross Receipts: $149,870
Assets and Liabilities:
- Total Assets: $387,428
- Total Liabilities: $0
- Net Assets: $387,428
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Organization Details
Phone
(262) 305-9415Principal Officer
Pam Wiziarde
Main Address
PO BOX 468, GRAFTON, WI, 53024
NTEE Category
Code: B82 - Education
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