Overview
What is Eugene Mcdermott Scholars Program Alumni Association?
The Eugene McDermott Scholars Program Alumni Association is a nonprofit organization based in Dallas, Texas. Their primary mission involves supporting the University of Texas at Dallas and the broader Dallas community. They achieve this by mentoring and empowering future generations of scholars, providing guidance to the Eugene McDermott Scholars Program, and collaborating with the university's alumni association to promote its growth and development. The association also contributes to the Crow Museum at UT Dallas through annual giving, supporting its educational programming and addressing needs during the museum's transition to the university. Their address can be found at PO Box 190330, Dallas, TX, 752199998.
Official website here: www.mcdermottalumni.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
The Eugene McDermott Scholars Program Alumni Association has achieved a notable 90% rating from Charity Navigator, which reflects a strong emphasis on accountability and financial health. This high score is derived entirely from a single beacon score, showcasing the organization's robust practices in financial management and transparency. The rating indicates that the association maintains a majority of independent board members and has not experienced any material diversion of assets.
Strengths of the organization include its commitment to accountability, evidenced by its high scores in various categories such as conflict of interest and whistleblower policies, as well as transparent documentation of board meeting minutes. Additionally, the association demonstrates excellent fiscal responsibility with a liabilities-to-assets ratio of 0.00% and a program expense ratio of 70.31%, suggesting that a significant portion of its expenditures is directed towards its programs rather than administrative costs.
While the data paints a positive picture overall, it is essential for potential donors and stakeholders to remain aware of the necessity for ongoing transparency and accountability in nonprofit governance. The association's strong operational practices are commendable, but continued vigilance in these areas will be crucial for sustaining its reputation and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Eugene Mcdermott Scholars Program Alumni Association legitimate?
Eugene Mcdermott Scholars Program Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eugene Mcdermott Scholars Program Alumni Association 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.mcdermottalumni.com
What is the mission statement of Eugene Mcdermott Scholars Program Alumni Association?
The Eugene Mcdermott Scholars Program Alumni Association's mission is centered around enhancing the student experience. One of its primary objectives is to mentor and empower future generations of scholars. Additionally, the association aims to provide community and direction by offering guidance to the Eugene Mcdermott Scholars Program. Lastly, it collaborates with the University of Texas at Dallas's Alumni Association to contribute to the university's progress and the betterment of the larger Dallas community.
Official website here: www.mcdermottalumni.com
Who is the CEO of Eugene Mcdermott Scholars Program Alumni Association?
Grace Mcclure is the President of Eugene Mcdermott Scholars Program Alumni Association.
Official website here: www.mcdermottalumni.com
What is the revenue of Eugene Mcdermott Scholars Program Alumni Association?
Eugene Mcdermott Scholars Program Alumni Association's revenue in 2022 was $55,905.
Official website here: www.mcdermottalumni.com
Who are the executives of Eugene Mcdermott Scholars Program Alumni Association and what are their salaries?
There 50 volunteers at Eugene Mcdermott Scholars Program Alumni Association.
Here are 18 key members and their salaries:
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Official website here: www.mcdermottalumni.com
Where can I find the form 990 for Eugene Mcdermott Scholars Program Alumni Association?
Eugene Mcdermott Scholars Program Alumni Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcdermottalumni.com
Learn more at the official website: www.mcdermottalumni.com
Mission Statement of Eugene Mcdermott Scholars Program Alumni Association
The Eugene McDermott Scholars Program Alumni Association aims to fulfill three primary objectives. Firstly, it seeks to enhance the student experience by offering mentorship and empowerment to upcoming scholars, thereby fostering their growth and development. Secondly, the association provides community and direction by advising the Eugene McDermott Scholars Program, ensuring its continued success and relevance. Lastly, it collaborates with the University of Texas at Dallas's Alumni Association to contribute to the progress and development of the university and the broader Dallas community. By executing these missions, the Eugene McDermott Scholars Program Alumni Association plays a significant role in nurturing the next generation of scholars and positively impacting its academic community.
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Impact
August, 2024
The Eugene McDermott Scholars Program Alumni Association's impact can be seen through its commitment to improving the quality of student experience by mentoring and empowering future generations of scholars. By providing community and direction through advising the Eugene McDermott Scholars Program, the association plays a crucial role in shaping the educational journey of students. Additionally, in collaboration with the University of Texas at Dallas's Alumni Association, the association contributes to the progress and development of the university and the greater Dallas community.
Through its mission-driven initiatives, such as supporting educational programming and other needs during the transition of the Crow Collection to UT Dallas, the association fulfills its mission of supporting the university and the wider Dallas community. By focusing on education and empowerment, the Eugene McDermott Scholars Program Alumni Association is making a positive impact on the lives of scholars and the community as a whole.
This information is meant to be a general summary of Eugene Mcdermott Scholars Program Alumni Association. 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: $29,342
- Gross Receipts: $56,892
Assets and Liabilities:
- Total Assets: $1,137,296
- Total Liabilities: $0
- Net Assets: $1,137,296
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Organization Details
Founding Year
2012
Phone
(512) 796-9955Principal Officer
Grace Mcclure
Main Address
PO BOX 190330, DALLAS, TX, 752199998
Website
www.mcdermottalumni.comNTEE Category
Code: B12 - Education
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