Overview
What is Sejong Scholarship Foundation Of America Inc?
Sejong Scholarship Foundation of America Inc., located in Ellicott City, Maryland, is a nonprofit organization that focuses on granting scholarships to deserving and financially disadvantaged students. Each year, they hold a scholarship award ceremony, recognizing and offering financial aid to 30 outstanding high school and college students across the nation, commending their academic achievements and leadership skills. The foundation's mission is deeply rooted in providing education opportunities for students who may otherwise face financial barriers.
Official website here: www.ssfa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Overall score: 66%, Two-Star out of Four Star rating
The Sejong Scholarship Foundation of America Inc has received a rating of "Needs Improvement" from Charity Navigator, with an overall score of 66%, indicating areas for growth in its governance and operational policies. The foundation excels in its accountability and finance metrics, particularly for having an independent board with no material diversion of assets. However, its low scores in critical areas such as the absence of a conflict of interest policy, whistleblower policy, and document retention policy highlight significant governance weaknesses.
While the organization shows strength in maintaining a strong independent board and a favorable liabilities to assets ratio, the missing policies could pose risks regarding transparency and accountability. The program expense ratio stands at 62.26%, reflecting a moderate commitment to its mission-driven activities, but further improvements in governance practices are essential for enhancing overall effectiveness and donor confidence.
Overall, while the Sejong Scholarship Foundation demonstrates solid financial practices and governance frameworks in some areas, the lack of essential policies could hinder its reputation and operational integrity. Stakeholders may want to encourage the organization to address these deficiencies to improve its rating and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Sejong Scholarship Foundation Of America Inc legitimate?
Sejong Scholarship Foundation Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sejong Scholarship Foundation Of America 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.
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Official website here: www.ssfa.org
What is the mission statement of Sejong Scholarship Foundation Of America Inc?
The Sejong Scholarship Foundation of America Inc's mission is centered around granting scholarship awards to deserving students who demonstrate both academic excellence and leadership skills. The foundation recognizes the financial challenges these students face and aims to alleviate some of this burden by providing financial aid. Annually, the foundation hosts a scholarship award ceremony and distributes awards to 30 qualified students from colleges and high schools nationwide. This initiative enables these students to pursue their education further, thereby empowering them to reach their academic and personal goals.
Official website here: www.ssfa.org
Who is the CEO of Sejong Scholarship Foundation Of America Inc?
John Hwang is the Director of Sejong Scholarship Foundation Of America Inc.
Official website here: www.ssfa.org
What is the revenue of Sejong Scholarship Foundation Of America Inc?
Sejong Scholarship Foundation Of America Inc's revenue in 2022 was $70,649.
Official website here: www.ssfa.org
Who are the executives of Sejong Scholarship Foundation Of America Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.ssfa.org
Where can I find the form 990 for Sejong Scholarship Foundation Of America Inc?
Sejong Scholarship Foundation Of America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ssfa.org
Learn more at the official website: www.ssfa.org
Mission Statement of Sejong Scholarship Foundation Of America Inc
The Sejong Scholarship Foundation of America Inc is dedicated to granting scholarship awards to highly qualified and financially needy students. This nonprofit organization recognizes the academic excellence and leadership skills of deserving students, extending financial aid to support their higher education journey across various colleges and high schools nationwide. By awarding these scholarships, the Sejong Scholarship Foundation of America Inc aims to empower students who lack the necessary financial resources to pursue their education and achieve their academic goals. The foundation holds an annual scholarship award ceremony to honor and celebrate these talented students.
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Impact
August, 2024
The Sejong Scholarship Foundation Of America Inc is making a significant impact by granting scholarship awards to highly qualified and financially needy students. Each year, the foundation holds an annual scholarship award ceremony where it recognizes and supports the academic excellence and leadership skills of 30 college and high school students from across the country. This support directly contributes to the educational advancement and future success of these students. The foundation's mission of granting scholarships helps to alleviate the financial burden on deserving individuals, enabling them to pursue their educational goals and ultimately make a positive impact on society.
This information is meant to be a general summary of Sejong Scholarship Foundation Of America 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 2022.
- Gross Receipts: $70,649
Assets and Liabilities:
- Total Assets: $186,824
- Total Liabilities: $0
- Net Assets: $186,824
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Organization Details
Founding Year
1998
Phone
(443) 691-7038Principal Officer
John Hwang
Main Address
3300 NORTH RIDGE RD SUITE 380, ELLICOTT CITY, MD, 21043
Website
www.ssfa.orgNTEE Category
Code: B82 - Education
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