Overview
What is West Hancock Scholarship & Loan Fund Of Iowa?
West Hancock Scholarship & Loan Fund of Iowa, situated in Britt, Iowa, serves as a nonprofit organization dedicated to assisting graduates in managing the escalating expenses of higher education. Through their mission, they provide financial aid in the form of scholarships and loans, aiming to make higher education more accessible and affordable for the recipient graduates. Their operations are based at a PO Box in Britt, Iowa.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating indicates mixed performance, primarily reflecting the charity's accountability and financial practices. A score of 73% suggests that while the organization meets some standards, there may be areas for improvement in transparency or operational effectiveness.
The West Hancock Scholarship & Loan Fund of Iowa exhibits strong governance with 100% independent board members and a solid structure of 7 members. There are no recorded material diversions of assets, and the organization effectively communicates its board meeting minutes, which enhances its accountability. Additionally, it boasts a perfect program expense ratio, indicating that all funds are allocated directly to its programs.
Despite these strengths, the overall two-star rating implies that the organization may need to address certain operational efficiencies or expand its impact to achieve a higher rating. The single beacon score primarily emphasizing accountability and finance highlights the need for broader performance metrics to fully reflect the charity's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is West Hancock Scholarship & Loan Fund Of Iowa legitimate?
West Hancock Scholarship & Loan Fund Of Iowa is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Hancock Scholarship & Loan Fund Of Iowa 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:
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What is the mission statement of West Hancock Scholarship & Loan Fund Of Iowa?
The West Hancock Scholarship & Loan Fund of Iowa's mission, as stated, is to offer scholarships and loans to graduates to alleviate the rising expenses associated with higher education. This non-profit organization aims to make higher education more accessible by providing financial aid to deserving individuals. Through its scholarships and loans, it seeks to ease the financial burden, enabling graduates to pursue their educational goals without undue financial strain. The organization's activities primarily revolve around granting scholarships to help cover the expenses of higher education.
Who is the CEO of West Hancock Scholarship & Loan Fund Of Iowa?
Unavailable
What is the revenue of West Hancock Scholarship & Loan Fund Of Iowa?
West Hancock Scholarship & Loan Fund Of Iowa's revenue in 2022 was $79,647.
Who are the executives of West Hancock Scholarship & Loan Fund Of Iowa and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for West Hancock Scholarship & Loan Fund Of Iowa?
West Hancock Scholarship & Loan Fund Of Iowa's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of West Hancock Scholarship & Loan Fund Of Iowa
The West Hancock Scholarship & Loan Fund of Iowa is committed to providing financial aid to graduates, aiming to alleviate the escalating costs associated with higher education. This nonprofit organization offers scholarships and loans as a means to support individuals in their pursuit of further education. By providing these resources, West Hancock Scholarship & Loan Fund of Iowa aims to make higher education more accessible and affordable for graduates.
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Impact
August, 2024
The West Hancock Scholarship & Loan Fund Of Iowa provides scholarships and loans to graduates to help with the increasing costs of higher education. This support enables students to pursue their academic goals without being burdened by financial constraints. Their impact is significant in empowering individuals to access education and reach their full potential.
This information is meant to be a general summary of West Hancock Scholarship & Loan Fund Of Iowa. 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: $67,680
- Gross Receipts: $79,647
Assets and Liabilities:
- Total Assets: $1,557,741
- Total Liabilities: $0
- Net Assets: $1,557,741
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Organization Details
Founding Year
1964
Main Address
PO BOX 91, BRITT, IA, 50423
NTEE Category
Code: B82 - Education
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