Overview
What is Bay Scholars?
Bay Scholars is a nonprofit organization situated in San Francisco, California, specifically at 465 California Street 1600. Their primary mission is to provide financial assistance to promising low-income students in the San Francisco Bay Area, enabling them to attend and thrive in successful college-preparatory Catholic high schools. Bay Scholars offers annual tuition aid of $1,500, $2,500, or $3,500 to its scholars, making higher education a more attainable goal for these students. The organization plays a significant role in broadening educational opportunities for deserving individuals and fostering their growth within reputable educational institutions.
Official website here: www.bayscholars.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%, Two-Star out of Four Star rating)
Bay Scholars has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance practices, there are significant areas needing improvement. With a perfect score in accountability and finance, the organization shows strengths in its board composition and independence, suggesting a commitment to ethical governance.
However, the rating reveals critical weaknesses in financial transparency, as indicated by a low score on financial statements and several accountability policies that remain unaddressed. The absence of a conflict of interest policy and whistleblower protections raises concerns about the organization's operational integrity. Additionally, the lack of posted tax forms on their website contributes to a perception of inadequate transparency.
Overall, while Bay Scholars excels in certain governance metrics, it must address its financial reporting and policy framework to improve its standing and enhance trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Scholars legitimate?
Bay Scholars is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Scholars 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.
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Official website here: www.bayscholars.org
What is the mission statement of Bay Scholars?
Bay Scholars is an organization with a mission to facilitate access and success for promising low-income students in the San Francisco Bay Area at reputable college-preparatory Catholic high schools. Their mission is realized through providing a four-year scholarship, offering financial aid of $1,500, $2,500, or $3,500 annually, making higher education a viable option for their scholars.
Official website here: www.bayscholars.org
What is the revenue of Bay Scholars?
Bay Scholars's revenue in 2023 was $1,298,837.
Official website here: www.bayscholars.org
Who are the executives of Bay Scholars and what are their salaries?
Here are 19 key members and their salaries:
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Official website here: www.bayscholars.org
Where can I find the form 990 for Bay Scholars?
Bay Scholars's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bayscholars.org
Learn more at the official website: www.bayscholars.org
Mission Statement of Bay Scholars
Bay Scholars is an organization dedicated to making it feasible for promising low-income students in the San Francisco Bay Area to attend and thrive at esteemed college-preparatory Catholic high schools. The mission of Bay Scholars is to provide these students with the opportunity to receive a top-tier education, enabling them to flourish and reach their full potential. To achieve this, Bay Scholars offers a 4-year scholarship program, providing each scholar with annual tuition assistance of $1,500, $2,500, or $3,500, thereby making college-prep high school education a reality for them. By offering this support, Bay Scholars is empowering these students to access and excel in quality educational environments, thereby opening up a pathway to a brighter future.
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Impact
July, 2024
Bay Scholars makes a significant impact by providing promising low-income students across the San Francisco Bay Area access to and support at successful college preparatory Catholic high schools. The organization offers a four-year scholarship, ranging from $1,500 to $3,500 per year, to each scholar, making college-prep high school education a reality for these students. This support not only opens doors to quality education but also nurtures the academic growth and success of these scholars. This impactful initiative directly contributes to leveling the playing field and empowering economically disadvantaged students to reach their full potential in education.
This information is meant to be a general summary of Bay Scholars. 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: $4,931
- Gross Receipts: $1,306,197
Assets and Liabilities:
- Total Assets: $506,371
- Total Liabilities: $0
- Net Assets: $506,371
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Organization Details
Founding Year
2013
Principal Officer
Clinton Reilly
Website
www.bayscholars.orgNTEE Category
Code: B99 - Education
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