Overview
What is Scholarship Assistance Fund?
The Scholarship Assistance Fund is a nonprofit organization situated in Prospect Heights, Illinois, specifically at 9 S Elmhurst Road 276. Their primary mission is to offer financial assistance in the form of college scholarships to students residing in the local community. By providing these scholarships, they aim to make higher education more accessible and affordable for deserving individuals. This nonprofit organization operates with a focus on supporting the educational aspirations of students in the surrounding area.
Official website here: www.safdollarsforscholars.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Stars
The Scholarship Assistance Fund has received a score of 50%, resulting in a One-Star rating, which indicates significant concerns regarding its accountability and financial management. The organization has a fully independent board, and it demonstrates good practices in areas such as conflict of interest and material diversion of assets, scoring well in those areas.
However, there are notable weaknesses that have impacted its overall rating. The charity does not have a whistleblower policy, which raises concerns about transparency and governance. Additionally, the absence of its tax form on the nonprofit's website and a high liabilities to assets ratio are factors that contribute to its low financial score. Furthermore, its program expense ratio is relatively low at 42.08%, suggesting that a smaller portion of resources is allocated directly towards its mission activities.
This AI summary has been generated from information found on Charity Navigator.
Is Scholarship Assistance Fund legitimate?
Scholarship Assistance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarship Assistance Fund 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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Official website here: www.safdollarsforscholars.org
What is the mission statement of Scholarship Assistance Fund?
The Scholarship Assistance Fund's mission is centered around offering college scholarships to students residing in the local community. By providing these scholarships, the fund aims to support the educational aspirations of these students, thereby contributing to their personal and professional growth. The organization's activities are primarily focused on this mission, aiming to make higher education more accessible and affordable for deserving students. The Scholarship Assistance Fund serves as a beacon of opportunity, enabling talented individuals to pursue their academic dreams and potentially shape their future.
Official website here: www.safdollarsforscholars.org
Who is the CEO of Scholarship Assistance Fund?
David Annin is the President of Scholarship Assistance Fund.
Official website here: www.safdollarsforscholars.org
What is the revenue of Scholarship Assistance Fund?
Scholarship Assistance Fund's revenue in 2022 was $100,851.
Official website here: www.safdollarsforscholars.org
Who are the executives of Scholarship Assistance Fund and what are their salaries?
There 5 volunteers at Scholarship Assistance Fund.
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Official website here: www.safdollarsforscholars.org
Where can I find the form 990 for Scholarship Assistance Fund?
Scholarship Assistance Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.safdollarsforscholars.org
Learn more at the official website: www.safdollarsforscholars.org
Mission Statement of Scholarship Assistance Fund
The Scholarship Assistance Fund, as its name suggests, is committed to a significant mission. This mission revolves around providing college scholarships for students residing in the local community. By offering these scholarships, the fund aims to empower these students, enabling them to pursue higher education and potentially shape their futures. The Scholarship Assistance Fund's mission is a vital contribution to the educational landscape, providing financial assistance to deserving students who may otherwise struggle to afford college. This nonprofit organization's efforts contribute to broadening opportunities for local students, fostering a more educated and skilled community in the long run.
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Impact
October, 2024
The Scholarship Assistance Fund significantly impacts the community by providing college scholarships to local students, empowering them to pursue higher education and achieve their academic and career goals. By alleviating the financial burden associated with college expenses, the fund enhances educational opportunities for youth in Prospect Heights, IL, and surrounding areas. This support helps cultivate a more educated workforce, enriches the local community, and fosters a culture of learning and growth. Through its efforts, the Scholarship Assistance Fund plays a crucial role in shaping the future of countless students, facilitating access to resources that can lead to lifelong success.
This information is meant to be a general summary of Scholarship Assistance Fund. 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: $22,194
- Gross Receipts: $100,851
Assets and Liabilities:
- Total Assets: $532,266
- Total Liabilities: $17,907
- Net Assets: $514,359
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Organization Details
Founding Year
2013
Principal Officer
David Annin
Main Address
9 S Elmhurst Road 276, Prospect Heights, IL, 60070
NTEE Category
Code: B82 - Education
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