Overview
What is Tri Center Scholarship Foundation Inc?
Tri Center Scholarship Foundation Inc is a nonprofit organization situated in Minden, Iowa, particularly at 31722 Thor Lane. Established by community volunteers, its mission is to grant scholarships to high school seniors graduating from the Tri-Center Community School District, a consolidated public school. The organization fundraises and collects donations from individuals to finance these scholarships, enabling deserving students to pursue higher education at two-year or four-year colleges. In the fall of 2021, the foundation was successful in providing scholarships to every Tri-Center graduate intending to further their education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Tri Center Scholarship Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's overall score of 94% is based solely on its accountability and finance measures, indicating a high level of transparency and responsible management of resources.
Strengths highlighted in the rating include a fully independent board comprised of 12 members, robust policies for conflict of interest and whistleblowing, and an impressive program expense ratio of 100%. This means that all expenses are directed toward its programs, showcasing its commitment to maximizing the impact of its funding. Additionally, the absence of any material diversion of assets and a 0% liabilities to assets ratio further signify financial health and integrity.
While the data emphasizes the charity's strengths, it is essential to note that the rating does not cover other potential factors such as program effectiveness or community impact. However, the strong accountability and finance score presents a solid foundation for trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Tri Center Scholarship Foundation Inc legitimate?
Tri Center Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tri Center Scholarship Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Tri Center Scholarship Foundation Inc?
The Tri Center Scholarship Foundation Inc is an organization comprised of community volunteers, established with the purpose of granting scholarships to high school seniors from the Tri-Center Community School District. They achieve this goal through fundraising and donations from individuals. The foundation's mission is to support post-secondary education for these graduates, who plan to attend a two-year or four-year college in the fall. The organization was successful in awarding scholarships to every Tri-Center graduate intending to further their education in the 2021 fall semester.
Who is the CEO of Tri Center Scholarship Foundation Inc?
Randy Mark is the President of Tri Center Scholarship Foundation Inc.
What is the revenue of Tri Center Scholarship Foundation Inc?
Tri Center Scholarship Foundation Inc's revenue in 2022 was $70,366.
Who are the executives of Tri Center Scholarship Foundation Inc and what are their salaries?
There 50 volunteers at Tri Center Scholarship Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tri Center Scholarship Foundation Inc?
Tri Center Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tri Center Scholarship Foundation Inc
Tri Center Scholarship Foundation Inc is an organization comprised of community volunteers, established with the primary objective of granting scholarships to high school graduates from the Tri-Center Community School District. This nonprofit achieves its mission by raising funds and collecting donations from individuals. The scholarships are intended to support these graduates in pursuing post-secondary education, specifically at two-year or four-year colleges, during the fall semester. The organization demonstrated its success in this endeavor by awarding scholarships to every Tri-Center graduate intending to further their education in the fall of 2021.
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Impact
August, 2024
Tri Center Scholarship Foundation Inc's impact can be seen in its successful awarding of scholarships to every Tri-Center graduate intending to pursue further education at a two-year or four-year college in the fall of 2021. This achievement highlights the organization's commitment to supporting post-secondary education for high school seniors graduating from the Tri-Center Community School District. The Foundation's dedicated efforts in fundraising and receiving donations from individuals have directly contributed to enabling these students to access educational opportunities beyond high school. Through its initiatives, the organization plays a vital role in helping students from the community pursue their academic and professional goals.
This information is meant to be a general summary of Tri Center Scholarship Foundation 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: $34,932
- Gross Receipts: $153,632
Assets and Liabilities:
- Total Assets: $579,696
- Total Liabilities: $0
- Net Assets: $579,696
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Organization Details
Founding Year
2013
Principal Officer
Randy Mark
Main Address
31722 THOR LANE, Minden, IA, 51553
NTEE Category
Code: B82 - Education
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