Overview
What is Fall Mountain Scholarship Fund Inc?
Fall Mountain Scholarship Fund Inc, situated in Claremont, New Hampshire, is a nonprofit organization committed to expanding access to higher education for local students. Their primary mission involves raising funds for student aid distribution and distributing awards fairly and without discrimination. In the recent year, they granted $76,000 in scholarships to students residing in the Fall Mountain Regional School District, with individual scholarships ranging from $500 to $5,000. The organization's goal is to support the educational aspirations of the community's residents, thereby contributing to their future success.
Official website here: www.facebook.com/fallmountainscholarshipf
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
The Fall Mountain Scholarship Fund Inc has received a solid Three-Star rating from Charity Navigator, indicating an overall score of 83%. This score reflects strong accountability and financial practices, with particularly high marks for having 100% independent board members and zero material diversion of assets. The organization also has an impressive program expense ratio of 98.23%, showcasing its commitment to directing funds toward its mission.
While Fall Mountain Scholarship Fund Inc demonstrates strengths in various areas, there are notable limitations as well. The absence of a whistleblower policy and a document retention and destruction policy has resulted in lower scores in these specific categories, which could indicate potential areas for improvement in governance practices. Despite these gaps, the organization shows transparency through the listing of its website on tax forms and the availability of board meeting minutes.
Overall, the Fall Mountain Scholarship Fund Inc stands out for its strong financial performance and governance structure, but addressing its policy deficiencies could further enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Fall Mountain Scholarship Fund Inc legitimate?
Fall Mountain Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fall Mountain 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.
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Official website here: www.facebook.com/fallmountainscholarshipf
What is the mission statement of Fall Mountain Scholarship Fund Inc?
The Fall Mountain Scholarship Fund Inc's mission is centered around expanding access to higher education for students residing in specific communities. To accomplish this, the organization raises funds and distributes scholarships in a fair and non-discriminatory manner. The primary goal is to support students financially, ensuring they have the opportunity to pursue their higher education without financial constraints. The Fall Mountain Scholarship Committee annually awards scholarships ranging from $500 to $5,000, demonstrating their commitment to assisting a diverse range of students.
Official website here: www.facebook.com/fallmountainscholarshipf
Who is the CEO of Fall Mountain Scholarship Fund Inc?
Mark Mastrocinque is the President of Fall Mountain Scholarship Fund Inc.
Official website here: www.facebook.com/fallmountainscholarshipf
What is the revenue of Fall Mountain Scholarship Fund Inc?
Fall Mountain Scholarship Fund Inc's revenue in 2022 was $135,203.
Official website here: www.facebook.com/fallmountainscholarshipf
Who are the executives of Fall Mountain Scholarship Fund Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.facebook.com/fallmountainscholarshipf
Where can I find the form 990 for Fall Mountain Scholarship Fund Inc?
Fall Mountain Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.facebook.com/fallmountainscholarshipf
Learn more at the official website: www.facebook.com/fallmountainscholarshipf
Mission Statement of Fall Mountain Scholarship Fund Inc
Fall Mountain Scholarship Fund Inc is dedicated to expanding access to higher education for students residing in their region. Their mission is to raise funds for student aid distribution and distribute awards on a fair and nondiscriminatory basis. By doing so, they aim to support the educational aspirations of their community's students, ensuring that financial constraints do not hinder their pursuit of higher education. The organization's activities have resulted in the distribution of substantial scholarships worth $76,000 to students in the Fall Mountain Regional School District. These scholarships range from $500 to $5,000, providing significant financial assistance to deserving students. Fall Mountain Scholarship Fund Inc's mission is a testament to their commitment to empowering students and fostering educational opportunities within their community.
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Impact
October, 2024
The Fall Mountain Scholarship Fund Inc significantly impacts the community by expanding access to higher education for students within the Fall Mountain Regional School District. By raising funds specifically for student aid, the organization has awarded a total of $76,000 in scholarships, supporting students' aspirations and academic goals.
Individual awards, ranging from $500 to $5,000, are distributed fairly and without discrimination, ensuring that eligible students receive the financial support they need to further their education. This commitment not only enhances educational opportunities but also empowers students to pursue their dreams and contribute positively to their communities. The efforts of the Fall Mountain Scholarship Fund foster a more equitable educational landscape, enabling brighter futures for many in the region.
This information is meant to be a general summary of Fall Mountain 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: $56,139
- Gross Receipts: $163,788
Assets and Liabilities:
- Total Assets: $865,626
- Total Liabilities: $0
- Net Assets: $865,626
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Organization Details
Founding Year
2013
Phone
(603) 352-4500Principal Officer
Mark Mastrocinque
Main Address
105 VETERANS PARK ROAD, CLAREMONT, NH, 03743
NTEE Category
Code: B82 - Education
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