Overview
What is Christopher Vdonato Memorial Scholarship Fundinc?
The Christopher Vdonato Memorial Scholarship Fundinc, located at 49 Old Freemans Way, Brewster, MA 02631, is a nonprofit organization with a mission to support education by providing scholarships to financially disadvantaged students. The fund aims to motivate and encourage learning within the community, ensuring that deserving individuals have the opportunity to pursue their academic goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Christopher Vdonato Memorial Scholarship Fundinc has earned a Three-Star rating with an overall score of 80%, reflecting a strong focus on accountability and financial management. The rating is derived entirely from the Accountability & Finance beacon, which indicates a solid foundation in these critical areas. High scores across various metrics suggest the organization operates transparently and efficiently, with a notable 84.17% program expense ratio.
The organization demonstrates excellent governance, as evidenced by a fully independent board, scoring a perfect 10 out of 10 points for both majority independent board members and board size. Additionally, there are no indications of material diversion of assets, showcasing a commitment to proper stewardship of funds. The strong performance in document retention and board meeting minutes further emphasizes sound operational practices.
However, while the overall score reflects strong accountability, potential donors may want to consider the absence of ratings in areas beyond finance, such as impact measures. This lack of broader evaluation may limit insights into the organization's effectiveness in fulfilling its mission. Overall, the Christopher Vdonato Memorial Scholarship Fundinc appears to be a responsible choice for those interested in supporting educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Christopher Vdonato Memorial Scholarship Fundinc legitimate?
Christopher Vdonato Memorial Scholarship Fundinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Christopher Vdonato Memorial Scholarship Fundinc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Christopher Vdonato Memorial Scholarship Fundinc?
The Christopher Vdonato Memorial Scholarship Fundinc's mission is centered around maintaining a fund to offer scholarships to financially disadvantaged students. This mission also includes the promotion of education, serving as a means of encouragement for students in need. The organization's primary objective is to support these students in their academic pursuits.
Who is the CEO of Christopher Vdonato Memorial Scholarship Fundinc?
Hayley Nickerson is the President of Christopher Vdonato Memorial Scholarship Fundinc.
What is the revenue of Christopher Vdonato Memorial Scholarship Fundinc?
Christopher Vdonato Memorial Scholarship Fundinc's revenue in 2022 was $86,885.
Who are the executives of Christopher Vdonato Memorial Scholarship Fundinc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Christopher Vdonato Memorial Scholarship Fundinc?
Christopher Vdonato Memorial Scholarship Fundinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Christopher Vdonato Memorial Scholarship Fundinc
The Christopher Vdonato Memorial Scholarship Fundinc is dedicated to maintaining a fund that awards scholarships to financially struggling students. This nonprofit organization's mission is to encourage education by providing financial aid to those in need. By doing so, the Christopher Vdonato Memorial Scholarship Fundinc aims to make higher education more accessible and fosters a culture of learning among its recipients.
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Impact
October, 2024
The Christopher Vdonato Memorial Scholarship Fundinc profoundly impacts the community by facilitating access to education for needy students. By maintaining a dedicated fund, it awards scholarships that alleviate the financial burdens associated with higher education. This support not only makes education more attainable for individuals in financial need but also encourages a culture of learning and academic achievement. The scholarships empower students to pursue their educational goals, ultimately contributing to their personal growth and the betterment of society. Through its commitment to education, the fund plays a vital role in fostering a brighter future for students in Brewster, MA, and beyond.
This information is meant to be a general summary of Christopher Vdonato Memorial Scholarship Fundinc. 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: $36,560
- Gross Receipts: $349,123
Assets and Liabilities:
- Total Assets: $626,162
- Total Liabilities: $0
- Net Assets: $626,162
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Organization Details
Founding Year
2012
Phone
(508) 255-2240Principal Officer
Hayley Nickerson
Main Address
49 OLD FREEMANS WAY, BREWSTER, MA, 02631
NTEE Category
Code: B82 - Education
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