Overview
What is Webster Alumni Foundation?
The Webster Alumni Foundation is a nonprofit organization situated in Webster, South Dakota (specifically at PO Box 95). Their primary mission is to extend financial aid in the form of scholarships to former students who have attended schools within the Webster area district. Through this initiative, they aim to support the educational growth and success of these individuals. The Foundation's activities primarily revolve around providing these scholarships, thereby contributing positively to the community and empowering its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Webster Alumni Foundation has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 73%. This indicates that while the organization demonstrates solid accountability in certain areas, there are significant weaknesses that need to be addressed. The foundation boasts a fully independent board and no reported material diversion of assets, which highlights strong governance practices.
Strengths of the organization include a perfect program expense ratio of 100%, meaning that all funds are directed towards its programs. Additionally, the foundation maintains a low liabilities to assets ratio, showcasing financial stability. However, despite these positive aspects, the lack of essential policies such as a conflict of interest policy and a whistleblower policy suggests that there may be vulnerabilities in its operational procedures.
The foundation's failure to post its tax form on its website further detracts from its transparency. These issues contribute to the overall rating of 'Needs Improvement' and highlight the need for the organization to enhance its accountability measures and transparency practices to bolster donor confidence and organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Webster Alumni Foundation legitimate?
Webster Alumni Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Webster Alumni 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:
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What is the mission statement of Webster Alumni Foundation?
The Webster Alumni Foundation's primary mission is centered around providing financial aid in the form of scholarships to students who have previously attended schools within the Webster area district. This initiative aims to support the educational pursuits of these individuals, thereby contributing to their personal growth and development. The foundation's activities are primarily focused on scholarship provision, with the ultimate goal of assisting deserving students in overcoming financial barriers to further their education.
Who is the CEO of Webster Alumni Foundation?
Vicki Bury is the Secretary/Tr of Webster Alumni Foundation.
What is the revenue of Webster Alumni Foundation?
Webster Alumni Foundation's revenue in 2022 was $35,729.
Who are the executives of Webster Alumni Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Webster Alumni Foundation?
Webster Alumni Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Webster Alumni Foundation
The Webster Alumni Foundation, as its name suggests, is an organization dedicated to providing scholarships for students hailing from the Webster Area School District. This nonprofit entity's primary mission is to support former students by offering them financial aid, aiming to alleviate some of the financial burdens associated with higher education. By providing scholarships, the Webster Alumni Foundation empowers deserving students to pursue their academic goals and achieve their full potential.
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Impact
August, 2024
The impact of the Webster Alumni Foundation is evident in the support it provides to students of the Webster Area School District through scholarships. By offering financial assistance to former students, the foundation helps alleviate the burden of educational expenses and promotes the pursuit of higher education within the community. Through its philanthropic endeavors, the Webster Alumni Foundation plays a crucial role in fostering academic growth and enabling students to achieve their full potential.
This information is meant to be a general summary of Webster Alumni 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: $31,669
- Gross Receipts: $35,729
Assets and Liabilities:
- Total Assets: $1,209,191
- Total Liabilities: $0
- Net Assets: $1,209,191
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Organization Details
Phone
(605) 590-0583Principal Officer
Vicki Bury
Main Address
PO BOX 95, WEBSTER, SD, 57274
NTEE Category
Code: T30 - Philanthropy
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