Overview
What is Stars Scholarship Fund?
Stars Scholarship Fund is a nonprofit organization situated in Mcallen, Texas. Its primary mission is to provide college scholarships to deserving students residing in 31 counties across South and West Texas. The organization is dedicated to supporting these students in their academic pursuits, aiming to contribute to their future successes. The Stars Scholarship Fund operates exclusively to award such scholarships, showcasing its commitment to education and development within the specified regions.
Official website here: www.starsscholarship.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Stars Scholarship Fund has achieved an 80% overall rating, reflecting moderate performance in accountability and finance alongside exceptional scores in impact and measurement. The organization’s accountability and finance score is notably lower at 54, indicating potential areas for improvement in financial transparency and governance practices.
A significant strength of Stars Scholarship Fund is its impressive program expense ratio of 95.54%, demonstrating a strong commitment to using funds for direct programming rather than administrative costs. Moreover, the organization excels in impact evaluation, scoring a perfect 100 out of 100, which highlights its effective measurement of outcomes and benefits to scholarship recipients.
The program is particularly impactful, with findings suggesting that for every dollar spent on scholarships, recipients see an increase in income of over $1.25. This strong return on investment underscores the effectiveness of the fund in enhancing the financial stability of students, despite some concerns regarding its financial accountability metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Stars Scholarship Fund legitimate?
Stars Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stars 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.
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Official website here: www.starsscholarship.org
What is the mission statement of Stars Scholarship Fund?
The Stars Scholarship Fund's primary mission is centered around awarding college scholarships to deserving students residing in 31 counties located in the southern and western regions of Texas. This non-profit organization's primary objective is to financially support these students in pursuing higher education. The organization solely focuses on scholarship programs, providing a valuable opportunity for deserving students to further their education.
Official website here: www.starsscholarship.org
What is the revenue of Stars Scholarship Fund?
Stars Scholarship Fund's revenue in 2023 was $1,109,142.
Official website here: www.starsscholarship.org
Who are the executives of Stars Scholarship Fund and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.starsscholarship.org
Where can I find the form 990 for Stars Scholarship Fund?
Stars Scholarship Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.starsscholarship.org
Learn more at the official website: www.starsscholarship.org
Mission Statement of Stars Scholarship Fund
Stars Scholarship Fund, a nonprofit organization, is dedicated to its primary mission of awarding college scholarships to deserving students hailing from 31 counties located in South and West Texas. This organization's primary focus is on providing financial aid to promising students, thereby contributing to their higher education. The work of Stars Scholarship Fund is limited to offering college scholarships, making it a specialized organization in this field. The nonprofit operates with the goal of empowering talented individuals from these regions to pursue their academic dreams and ultimately contribute to society with their skills and knowledge.
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Impact
July, 2024
Stars Scholarship Fund's impact can be seen in the countless students in 31 South and West Texas counties who have been able to pursue their dreams of higher education thanks to the college scholarships awarded by the organization. By providing financial support to deserving students, Stars Scholarship Fund is not only investing in their future but also contributing to the development of individuals who will make a positive difference in their communities and beyond. With a clear focus on education, Stars Scholarship Fund plays a crucial role in bridging the gap between students' aspirations and their ability to afford a college education, ultimately creating a more educated and empowered society.
This information is meant to be a general summary of Stars 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 2023.
- Investment Income: $4,470
- Gross Receipts: $1,296,979
Assets and Liabilities:
- Total Assets: $819,021
- Total Liabilities: $803,417
- Net Assets: $15,604
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Organization Details
Founding Year
2002
Principal Officer
Greg Lamantia
Website
www.starsscholarship.orgNTEE Category
Code: B82 - Education
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