Overview
What is Stanley Scholarship Funds Inc?
Stanley Scholarship Funds Inc is a small nonprofit organization, situated in Stanley, North Dakota. Their primary focus is on expanding access to higher education for students who have graduated from Stanley High School in Stanley, North Dakota. To achieve this goal, they distribute scholarships to these students, enabling them to pursue their education at various higher learning institutions. The organization's mission is deeply rooted in supporting the academic growth of its local community. With a dedicated workforce of just two individuals, Stanley Scholarship Funds Inc plays a significant role in empowering local talent and fostering educational opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Stars
Stanley Scholarship Funds Inc has received a respectable three-star rating from Charity Navigator, indicating a moderate level of transparency and effectiveness in its operations. The overall score reflects two main components: a score of 44% in Accountability & Finance, and an impressive 56% in Impact & Measurement. This suggests that while there are areas for improvement in financial management and accountability, the organization excels in measuring its impact.
One of the notable strengths of Stanley Scholarship Funds Inc is its ability to significantly enhance the income for scholarship recipients, reportedly increasing it by more than $1.50 for every dollar spent. This demonstrates a strong commitment to maximizing the value of donations and ensuring that funds are effectively utilized for the benefit of its beneficiaries.
However, the Accountability & Finance score of 60 indicates there may be some challenges in financial practices or transparency that could be addressed to further bolster the organization's credibility. Overall, while Stanley Scholarship Funds Inc shows promise in its impact and measurement capabilities, improving its accountability could enhance its overall effectiveness and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Stanley Scholarship Funds Inc legitimate?
Stanley Scholarship Funds Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stanley Scholarship Funds 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: $3,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,368
For more financial information, click here
What is the mission statement of Stanley Scholarship Funds Inc?
Stanley Scholarship Funds Inc's primary objective is to expand the opportunities for higher education for students who have completed their high school education at Stanley High School. The organization achieves this by providing scholarships to these students, enabling them to pursue their higher education at various institutions. By doing so, Stanley Scholarship Funds Inc is contributing to the academic growth and development of these students, thereby empowering them to build successful careers and lives. The organization's mission is firmly rooted in its commitment to support education, recognizing its transformative power in shaping individuals' futures.
Who is the CEO of Stanley Scholarship Funds Inc?
Kaylen Nordloef is the President of Stanley Scholarship Funds Inc.
What is the revenue of Stanley Scholarship Funds Inc?
Stanley Scholarship Funds Inc's revenue in 2023 was $144,260.
Who are the executives of Stanley Scholarship Funds Inc and what are their salaries?
The average compensation at Stanley Scholarship Funds Inc during 2023 was $2,384. There are 2 employees at Stanley Scholarship Funds Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Stanley Scholarship Funds Inc?
Stanley Scholarship Funds Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Stanley Scholarship Funds Inc
Stanley Scholarship Funds Inc is committed to expanding access to higher education for students who have recently graduated from Stanley High School in Stanley, North Dakota. The organization's mission is centered around providing financial assistance to these students, enabling them to pursue further studies in higher education institutions. By offering scholarships, Stanley Scholarship Funds Inc aims to make higher education more accessible, thereby empowering the next generation of students from Stanley High School. The organization's activities are focused on this specific purpose, demonstrating its dedication to supporting the educational aspirations of its community's young graduates.
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Impact
October, 2024
Stanley Scholarship Funds Inc significantly enhances access to higher education for students graduating from Stanley High School in Stanley, ND. By providing financial support through scholarships, the organization helps alleviate the burden of educational expenses, making it easier for these students to pursue their academic and career aspirations. This initiative fosters a culture of learning and ambition within the community, encouraging more graduates to continue their education and contribute positively to society. The impact is profound, as it not only aids individual students in achieving their goals but also strengthens the local community by creating a more educated and skilled workforce.
This information is meant to be a general summary of Stanley Scholarship Funds 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 2023.
- Investment Income: $85,364
- Gross Receipts: $144,260
Assets and Liabilities:
- Total Assets: $2,086,450
- Total Liabilities: $284,410
- Net Assets: $1,802,040
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Organization Details
Founding Year
2013
Principal Officer
Kaylen Nordloef
Main Address
PO BOX 993, STANLEY, ND, 58784
NTEE Category
Code: B82 - Education
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