Overview
What is Theresa A Mike Scholarship Foundation?
The Theresa A. Mike Scholarship Foundation, established in 2014, is a 501(c)3 nonprofit organization based in Coachella, California. Founded by Dean and Theresa Mike, the foundation's primary objective is to support deserving students by providing scholarships. It extends its aid to full-time, enrolled tribal members from any United States tribe, as well as local non-native students from the Coachella Valley and Morongo Basin. The foundation's scholarship recipients attend various educational institutions, including community colleges, universities, trade schools, and even graduate programs. In 2022, the foundation awarded 97 scholarships worth $132,659. The Theresa A. Mike Scholarship Foundation's mission is to recognize and support young adults committed to their education and the betterment of their communities.
Official website here: www.theresamike.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating. The Theresa A Mike Scholarship Foundation has received a solid rating, reflecting its strong commitment to accountability and finance. The rating is based entirely on its performance in this area, which is crucial for potential donors looking for transparency and responsible management of funds.
The foundation has reported no material diversion of assets and maintains a high program expense ratio of 91.53%, indicating that a significant portion of its resources is directed toward its educational mission. Key policies, including conflict of interest, whistleblower, and document retention policies, are all in place and appropriately documented, showcasing a well-structured governance framework.
Despite its strengths, the rating also underscores that the charity's overall score is based solely on its financials without additional beacons such as impact or leadership. This limitation suggests that while the foundation is financially sound, potential supporters may want to seek more information about its overall effectiveness and impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Theresa A Mike Scholarship Foundation legitimate?
Theresa A Mike Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theresa A Mike 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.theresamike.org
What is the mission statement of Theresa A Mike Scholarship Foundation?
The Theresa A Mike Scholarship Foundation's mission is centered around recognizing and supporting talented young adults who are committed to pursuing their education. The organization aims to honor these individuals who demonstrate a dedication not only to their personal growth but also to improving their communities. The foundation's primary activity involves awarding scholarships to eligible students, including full-time tribal members from various U.S. tribes and non-native students from specific regions. The scholarships are designed to assist these students in completing their education at community colleges, universities, trade schools, and even graduate programs. The foundation, established as a 501(c)3 organization in 2014, has been instrumental in providing financial support to numerous students, with 97 scholarships worth $132,659 awarded in 2022 alone.
Official website here: www.theresamike.org
Who is the CEO of Theresa A Mike Scholarship Foundation?
Dean Mike is the President of Theresa A Mike Scholarship Foundation.
Official website here: www.theresamike.org
What is the revenue of Theresa A Mike Scholarship Foundation?
Theresa A Mike Scholarship Foundation's revenue in 2022 was $52,408.
Official website here: www.theresamike.org
Who are the executives of Theresa A Mike Scholarship Foundation and what are their salaries?
Here are 6 key members and their salaries:
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- Compensation: $50,000
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Official website here: www.theresamike.org
Where can I find the form 990 for Theresa A Mike Scholarship Foundation?
Theresa A Mike Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theresamike.org
Learn more at the official website: www.theresamike.org
Mission Statement of Theresa A Mike Scholarship Foundation
The Theresa A Mike Scholarship Foundation, established in 2014, is dedicated to recognizing the talent and commitment of young adults pursuing higher education. This nonprofit organization aims to support individuals who demonstrate a strong dedication to their personal growth and the betterment of their communities. The foundation provides scholarships to deserving students from various tribal backgrounds across the United States, as well as full-time non-native students residing in the Coachella Valley and Morongo Basin. The scholarships awarded by the Theresa A Mike Scholarship Foundation enable students to attend community colleges, universities, trade schools, and even graduate programs, thereby helping them achieve their educational goals. In 2022, the foundation awarded 97 scholarships worth a total of $132,659, demonstrating its commitment to supporting future leaders.
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Impact
August, 2024
The Theresa A. Mike Scholarship Foundation's impact can be seen in the lives of young adults who are dedicated to furthering their education and making positive contributions to their communities. Through scholarships awarded to full-time tribal members from any tribe in the United States, as well as full-time non-native students from the Coachella Valley and the Morongo Basin, the foundation is helping students pursue their educational dreams. In 2022 alone, the foundation provided 97 scholarships worth $132,659, making a significant difference in the lives of the recipients. Through their continued support and dedication, the Theresa A. Mike Scholarship Foundation is helping empower students to achieve their academic goals and contribute to society in meaningful ways.
This information is meant to be a general summary of Theresa A Mike 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: $17,294
- Program Service Revenue: $137
- Gross Receipts: $52,408
Assets and Liabilities:
- Total Assets: $1,016,908
- Total Liabilities: $25
- Net Assets: $1,016,883
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Income
Revenue
$137
Organization Details
Founding Year
2014
Phone
(760) 567-3400Principal Officer
Dean Mike
Main Address
46-200 Harrison Place, Coachella, CA, 92236
Website
www.theresamike.orgNTEE Category
Code: B82 - Education
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