Overview
What is Mayor's Scholarship Fund Inc?
Mayor's Scholarship Fund Inc is a nonprofit organization situated in Idaho Falls. Their primary mission is to offer financial aid to local students who wish to continue their education beyond high school within the state of Idaho. By providing this financial assistance, they aim to support the academic pursuits of Idaho Falls' youth, thereby contributing to their future success and the community's development. The organization's activities are centered around this mission, providing a valuable resource for students seeking post-secondary education within Idaho.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Mayor's Scholarship Fund Inc has received a solid rating of 80%, indicating good performance in accountability and finance. This high score reflects the organization’s effective management of resources, with a particular emphasis on transparency and independence within its board structure. Notably, the fund boasts a fully independent board and a strong record of no material diversion of assets, which contributes positively to its financial accountability.
Strengths of the organization include a program expense ratio of 92.56%, signaling that the vast majority of its resources are directed towards its mission-related activities. Additionally, the fund adheres to best practices by having documented board meeting minutes and a clear conflict of interest policy. These factors enhance its credibility and provide reassurance to donors about the governance of the organization.
However, while the high rating reflects strong financial practices, the focus on a single beacon score limits a broader evaluation of other potential impact metrics. This could suggest areas for growth in areas such as program effectiveness or community impact, which are not captured in the current rating. Overall, the Mayor's Scholarship Fund Inc demonstrates solid financial stewardship and accountability, appealing to potential supporters and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mayor's Scholarship Fund Inc legitimate?
Mayor's Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mayor's Scholarship Fund Inc 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: $10,660
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mayor's Scholarship Fund Inc?
The Mayor's Scholarship Fund Inc is committed to assisting students in their pursuit of higher education. Their mission is to offer financial aid to students residing in Idaho who wish to continue their education beyond high school, within the state of Idaho. By providing this financial assistance, the fund aims to make higher education more accessible and affordable for these students. The organization's activities are centered around this mission, with the primary goal of supporting the educational aspirations of Idahoan students.
Who is the CEO of Mayor's Scholarship Fund Inc?
Dustin Mortimer is the President of Mayor's Scholarship Fund Inc.
What is the revenue of Mayor's Scholarship Fund Inc?
Mayor's Scholarship Fund Inc's revenue in 2022 was $37,960.
Who are the executives of Mayor's Scholarship Fund Inc and what are their salaries?
The average compensation at Mayor's Scholarship Fund Inc during 2022 was $10,660. There is 1 employee and 41 volunteers at Mayor's Scholarship Fund Inc.
Here are 12 key members and their salaries:
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- Compensation: $10,660
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Where can I find the form 990 for Mayor's Scholarship Fund Inc?
Mayor's Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mayor's Scholarship Fund Inc
Mayor's Scholarship Fund Inc is a nonprofit organization dedicated to helping students in Idaho Falls who wish to further their education beyond high school. Its mission is to provide these students with financial assistance, enabling them to pursue their post-secondary education within the state of Idaho. By offering financial support, Mayor's Scholarship Fund Inc aims to make higher education more accessible and affordable for local students, empowering them to build a brighter future.
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Impact
August, 2024
The Mayor's Scholarship Fund Inc has a significant impact on the educational pursuits of Idaho Falls students. By providing financial assistance to students who are looking to further their education beyond high school within the state of Idaho, the fund plays a crucial role in enabling these individuals to achieve their academic goals. Through its mission to support students in pursuing post-high school education, the Mayor's Scholarship Fund Inc contributes to the growth and development of the community by investing in the educational future of its young residents. This assistance not only helps students access higher education opportunities but also empowers them to enhance their knowledge and skills, ultimately leading to a more educated and competitive workforce in Idaho Falls.
This information is meant to be a general summary of Mayor's Scholarship Fund 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10
- Gross Receipts: $37,960
Assets and Liabilities:
- Total Assets: $385,624
- Total Liabilities: $0
- Net Assets: $385,624
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Organization Details
Founding Year
2013
Phone
(208) 521-3249Principal Officer
Dustin Mortimer
Main Address
PO BOX 2323, IDAHO FALLS, ID, 834032323
NTEE Category
Code: B99 - Education
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