Overview
What is Tennessee Gas Association Scholarship Foundation?
The Tennessee Gas Association Scholarship Foundation, based in Nashville, Tennessee, is a charitable organization dedicated to providing financial aid and educational support to eligible students associated with Tennessee Gas Association member system employees. Through scholarship programs and educational assistance, this nonprofit aims to empower and foster the academic growth of these students, contributing to their overall development. The foundation's mission is deeply rooted in its commitment to supporting the academic pursuits of its qualified beneficiaries.
Official website here: www.tngas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
The Tennessee Gas Association Scholarship Foundation has received a Three-Star rating, reflecting an accountability and finance score of 78% based on its latest evaluation for FY2022. This score indicates a solid performance in terms of transparency and responsible financial management. The organization has a fully independent board and shows no material diversion of assets, which contributes positively to its accountability metrics.
Several strengths are highlighted, including the foundation's 100% independent board members and effective oversight with no liabilities against its assets. It demonstrates a commendable program expense ratio of 65.66%, indicating that a significant portion of its funds is allocated towards its mission-related activities. Furthermore, the organization maintains transparency through the posting of necessary documents, such as board meeting minutes and tax forms, on its website.
However, there are areas for improvement, particularly concerning the absence of a whistleblower policy and a document retention policy. These missing elements could impact the overall governance practices of the foundation, but the overall accountability score remains robust. The foundation's performance suggests it is committed to transparent operations while continuing to prioritize its scholarship programs.
This AI summary has been generated from information found on Charity Navigator.
Is Tennessee Gas Association Scholarship Foundation legitimate?
Tennessee Gas Association Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tennessee Gas Association Scholarship Foundation 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.tngas.org
What is the mission statement of Tennessee Gas Association Scholarship Foundation?
The Tennessee Gas Association Scholarship Foundation's primary objective is to offer scholarships and educational assistance to eligible students associated with the Tennessee Gas Association member system employees. This non-profit organization aims to support the higher education of these students, thereby contributing to their personal and professional growth. By providing scholarships and educational aid, the foundation seeks to empower these students, thereby strengthening the broader community. The foundation's activities are centered around this mission, focusing on the academic and financial needs of qualified students.
Official website here: www.tngas.org
Who is the CEO of Tennessee Gas Association Scholarship Foundation?
Robert W Neil is the President of Tennessee Gas Association Scholarship Foundation.
Official website here: www.tngas.org
What is the revenue of Tennessee Gas Association Scholarship Foundation?
Tennessee Gas Association Scholarship Foundation's revenue in 2022 was $69,994.
Official website here: www.tngas.org
Who are the executives of Tennessee Gas Association Scholarship Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.tngas.org
Where can I find the form 990 for Tennessee Gas Association Scholarship Foundation?
Tennessee Gas Association Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tngas.org
Learn more at the official website: www.tngas.org
Mission Statement of Tennessee Gas Association Scholarship Foundation
The Tennessee Gas Association Scholarship Foundation, as its name suggests, is committed to providing scholarships and educational assistance to qualified students. This nonprofit organization focuses its mission on the employees' dependents of its member system companies within Tennessee. By offering these scholarships, the foundation aims to support the educational pursuits of these students, thereby contributing to their future success and development. The Tennessee Gas Association Scholarship Foundation serves as a beacon of opportunity, providing the much-needed financial aid that can make a significant difference in the lives of its scholarship recipients.
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Impact
August, 2024
The Tennessee Gas Association Scholarship Foundation's impact is significant as it provides scholarships and educational assistance to qualified students of Tennessee Gas Association member system employees. By offering financial support for higher education, the foundation helps students pursue their academic goals and achieve their potential. This assistance not only benefits the individual recipients but also contributes to the overall educational development and advancement of the community. The foundation's mission to support education through scholarships plays a vital role in empowering students and promoting educational opportunities within the Tennessee gas industry.
This information is meant to be a general summary of Tennessee Gas Association Scholarship Foundation. 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: $1,148
- Gross Receipts: $69,994
Assets and Liabilities:
- Total Assets: $518,516
- Total Liabilities: $0
- Net Assets: $518,516
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Organization Details
Founding Year
2011
Phone
(615) 927-1695Principal Officer
Robert W Neil
Main Address
PO BOX 293059, NASHVILLE, TN, 372293059
Website
www.tngas.orgNTEE Category
Code: B82 - Education
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