Microscholarships Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454859905 ✦ Miami, FL ✦ Designated as a 501(c)(3)

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Overview

What is Microscholarships Inc?

Microscholarships Inc is a nonprofit organization that aims to boost student retention rates by providing scholarship funds. Established three years ago, they focus on securing financial support from businesses, organizations, and philanthropic corporations interested in funding education and entrepreneurship initiatives. Despite not having sought grants or donations due to the pending application for 501C3 status, Microscholarships Inc has not yet amassed any funds, maintaining a zero balance. The organization's primary objective is to support educational access and entrepreneurship, working towards a more inclusive and opportunities-rich educational landscape.

Is Microscholarships Inc legitimate?

Microscholarships Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Microscholarships Inc 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 Microscholarships Inc?

Microscholarships Inc, established three years ago, focuses on increasing student retention rates by securing ongoing financial support from businesses, organizations, and corporations with a philanthropic interest in education and entrepreneurship. The organization does not rely on grants or donations, as it has yet to obtain 501C3 status. At present, Microscholarships Inc does not have any collected funds, maintaining a zero balance. The organization's mission is to provide scholarship money to promote educational access and support.

Who is the CEO of Microscholarships Inc?

Orlando Espinosa is the Founder of Microscholarships Inc.

What is the revenue of Microscholarships Inc?

Microscholarships Inc's revenue in 2022 was $5,000.

Who are the executives of Microscholarships Inc and what are their salaries?


There is 1 key member and their salary:


Orlando Espinosa (Founder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Microscholarships Inc?

Microscholarships Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Microscholarships Inc

Microscholarships Inc, established three years ago, is dedicated to increasing student retention rates by providing financial support for education and entrepreneurship programs. The organization pursues the ongoing financial backing of businesses, organizations, and major corporations with philanthropic interests in these areas. Despite not having applied for 501C3 status yet, Microscholarships Inc has not relied on grants or donations, maintaining a zero balance. The organization's mission is to create access to scholarship money, thereby supporting students and budding entrepreneurs.

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Impact




August, 2024

MICROscholarships Inc has made a significant impact in the field of education by taking a multi-pronged approach to creating access to scholarship money. By seeking financial support from businesses, organizations, and major corporations with philanthropic interests, the organization has been able to increase student retention rates. Despite being established only three years ago and starting with no funding, MICROscholarships Inc has made strides in supporting programs that increase access to education and support entrepreneurs. Based in Miami, Florida, the organization's mission is centered around providing educational opportunities and financial support to those in need.




This information is meant to be a general summary of Microscholarships Inc. 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.

Revenue
$5,000 (2022)
Expenses
$0 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $5,000

Assets and Liabilities:

  • Total Assets: $10,000
  • Total Liabilities: $0
  • Net Assets: $10,000

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Organization Details

Principal Officer

Orlando Espinosa

Main Address

1390 SOUTH DIXIE HIGHWAY SUITE 1310, Miami, FL, 33146

NTEE Category

Code: B82 - Education

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