Overview
What is Lakeland Area Scholarship Fund Inc?
Lakeland Area Scholarship Fund Inc is a nonprofit organization based in Minocqua, Wisconsin. Over the past year, they have distributed scholarships to local high school seniors and continuing college students to support their educational pursuits at colleges, universities, technical schools, and community colleges. The scholarship amount is determined by a committee of unrelated individuals. The primary mission of Lakeland Area Scholarship Fund Inc is to raise funds for academic scholarships, benefiting students enrolled in Lakeland Area schools upon their graduation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Lakeland Area Scholarship Fund Inc has received an 80% score from Charity Navigator, which indicates a solid level of accountability and finance management. This rating is based entirely on the Accountability & Finance beacon, demonstrating a clear focus on operational transparency and responsible financial practices. The organization has achieved full marks in several key areas, including having a fully independent board and no reported material diversion of assets.
Strengths of the organization include a high program expense ratio of 98.21%, suggesting that most of its financial resources are directed towards its mission rather than administrative costs. Additionally, the presence of a conflict of interest policy and the documentation of board meeting minutes reflects a commitment to governance and ethical standards. This strong oversight contributes positively to the charity's overall effectiveness.
While the rating is commendable, there is always room for improvement in areas such as expanding outreach and enhancing program impact. Continuous evaluation of its initiatives can help ensure that the charity not only maintains its financial accountability but also maximizes its influence within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeland Area Scholarship Fund Inc legitimate?
Lakeland Area Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeland Area 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.
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 Lakeland Area Scholarship Fund Inc?
Lakeland Area Scholarship Fund Inc's primary mission is to generate funds to grant academic scholarships to students enrolled in local schools at the time of their graduation. This non-profit organization aims to support the further education of these students, providing scholarships to high school seniors and continuing support to college students beyond their freshman year. The scholarship amount is determined by a committee of unrelated individuals. The funds can be utilized to attend colleges, universities, technical schools, and community colleges.
Who is the CEO of Lakeland Area Scholarship Fund Inc?
Gregg Walker is the President of Lakeland Area Scholarship Fund Inc.
What is the revenue of Lakeland Area Scholarship Fund Inc?
Lakeland Area Scholarship Fund Inc's revenue in 2022 was $60,305.
Who are the executives of Lakeland Area Scholarship Fund Inc and what are their salaries?
There 10 volunteers at Lakeland Area Scholarship Fund Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Lakeland Area Scholarship Fund Inc?
Lakeland Area Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lakeland Area Scholarship Fund Inc
Lakeland Area Scholarship Fund Inc is dedicated to raising funds to award academic scholarships to students enrolled in Lakeland Area schools at the time of their graduation. Through this mission, the organization aims to support local high school seniors in pursuing further education at colleges, universities, tech schools, and community colleges. Additionally, scholarships are also provided to college students beyond their freshman year to help them continue their educational journey. The size of these awards is determined by a committee of individuals who are not related to the scholarship recipients. By providing these financial aid opportunities, Lakeland Area Scholarship Fund Inc plays a significant role in enabling deserving students to realize their educational aspirations and build a better future for themselves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Lakeland Area Scholarship Fund Inc's impact lies in providing academic scholarships to students enrolled in Lakeland Area schools, assisting local high school seniors in pursuing further education, and supporting college students beyond their freshman year to continue their education at various institutions. By raising funds to award these scholarships, the organization contributes to the educational advancement of students attending colleges, universities, tech schools, and community colleges. Through the efforts of a dedicated committee, scholarships are distributed based on merit and need, ensuring that deserving individuals have the opportunity to achieve their academic goals and contribute positively to their communities.
This information is meant to be a general summary of Lakeland Area 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: $55,305
- Gross Receipts: $60,305
Assets and Liabilities:
- Total Assets: $1,711,027
- Total Liabilities: $24,250
- Net Assets: $1,686,777
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(715) 358-9815Principal Officer
Gregg Walker
Main Address
PO BOX 227, MINOCQUA, WI, 545480227
NTEE Category
Code: B82 - Education
If you are a representative of Lakeland Area Scholarship Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.