Overview
What is Somerset Scholarship Fund?
The Somerset Scholarship Fund is a charitable organization situated within the Somerset Country Club community. Its primary objective is to gather contributions from its members to grant scholarships to eligible employees or their offspring. This financial aid is intended to support their post-secondary education, enabling them to pursue studies at accredited colleges, universities, or vocational/technical schools. The fund's mission underscores its commitment to assisting individuals in furthering their educational aspirations.
Is Somerset Scholarship Fund legitimate?
Somerset Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset Scholarship Fund submitted a form 990EZ, 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.
What is the mission statement of Somerset Scholarship Fund?
The Somerset Scholarship Fund's mission, in essence, is to collect funds from members of a specific community club, Somerset Country Club, with the primary goal of offering financial aid. This aid is intended for either the club's employees or their descendants, as they pursue their post-secondary education at accredited colleges, universities, or vocational/technical schools. The fund's main objective is to contribute to the cost of this education, thereby broadening the opportunities for personal growth and development.
Who is the CEO of Somerset Scholarship Fund?
Brian Smith is the Treasurer of Somerset Scholarship Fund.
What is the revenue of Somerset Scholarship Fund?
Somerset Scholarship Fund's revenue in 2022 was $97,438.
Who are the executives of Somerset Scholarship Fund and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990EZ for Somerset Scholarship Fund?
Somerset Scholarship Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Somerset Scholarship Fund
The Somerset Scholarship Fund, an organization driven by the members of Somerset Country Club, is committed to a noble cause. Its mission is to generate funds to offer financial aid for post-secondary education. This assistance is extended to the employees of the club or their direct descendants. The fund aims to support their educational pursuits at any accredited college, university, or vocational/technical school. By providing these scholarships, the Somerset Scholarship Fund seeks to alleviate the financial burden associated with higher education, thereby enabling individuals to pursue their academic dreams and potentially enhance their career prospects.
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Impact
October, 2024
The Somerset Scholarship Fund plays a significant role in supporting the educational aspirations of employees and their descendants within the community. By raising funds from members of Somerset Country Club, the application of these resources directly facilitates access to higher education. The scholarships provided enable recipients to pursue post-secondary education at accredited colleges, universities, or vocational/technical schools, thereby fostering skill development and career advancement.
This initiative not only alleviates the financial burden of education but also encourages a culture of learning and growth among those affiliated with the club. As a result, the Somerset Scholarship Fund contributes to the development of a well-educated workforce and helps to create opportunities for individuals who may otherwise face challenges in financing their education. Overall, the fund's impact resonates throughout the community by empowering the next generation and strengthening the local economy through enhanced educational outcomes.
This information is meant to be a general summary of Somerset 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 2022.
- Investment Income: $5
- Gross Receipts: $97,438
Assets and Liabilities:
- Total Assets: $147,678
- Total Liabilities: $0
- Net Assets: $147,678
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Organization Details
Phone
(612) 457-1416Principal Officer
Brian Smith
Main Address
1416 DODD ROAD, MENDOTA HEIGHTS, MN, 55118
NTEE Category
Code: B82 - Education
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