Overview
What is Gloucester Scholarship Foundation Inc?
The Gloucester Scholarship Foundation Inc, situated in Gloucester, Massachusetts, is a nonprofit organization dedicated to expanding access to higher education for students attending Gloucester High School. They achieve this by raising funds for student aid and distributing scholarships in a fair and non-discriminatory manner. Their mission is focused on providing financial assistance to these students, ensuring that educational opportunities are not limited by financial constraints.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The Gloucester Scholarship Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. With a score of 67%, the organization shows strengths in areas such as material diversion of assets and program expense ratio, with 82.23% of its expenses directed towards programs. However, the lack of independent board members raises concerns about governance.
The foundation’s accountability score reflects several limitations, including a missing website on its tax form and absent whistleblower policy, which affects its overall transparency. While the organization has policies in place for conflict of interest and document retention, these gaps impact the perception of its commitment to ethical governance.
Overall, while the Gloucester Scholarship Foundation Inc demonstrates responsible financial practices with a strong program expense ratio, the lack of independent board oversight and missing transparency measures may limit donor confidence and engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Gloucester Scholarship Foundation Inc legitimate?
Gloucester Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gloucester Scholarship Foundation 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 Gloucester Scholarship Foundation Inc?
The Gloucester Scholarship Foundation's mission is centered around expanding access to higher education. They accomplish this by raising funds for student aid distribution and then distributing awards to deserving students from Gloucester High School, Massachusetts, in a fair and non-discriminatory manner. The organization's primary objective is to provide financial assistance to these students, thereby enabling them to pursue higher education opportunities. The foundation's activities primarily revolve around scholarship programs.
Who is the CEO of Gloucester Scholarship Foundation Inc?
Lawrence Ingersoll is the President of Gloucester Scholarship Foundation Inc.
What is the revenue of Gloucester Scholarship Foundation Inc?
Gloucester Scholarship Foundation Inc's revenue in 2022 was $84,249.
Who are the executives of Gloucester Scholarship Foundation Inc and what are their salaries?
Here are 8 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gloucester Scholarship Foundation Inc?
Gloucester Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gloucester Scholarship Foundation Inc
The Gloucester Scholarship Foundation is committed to expanding access to higher education for students attending Gloucester High School in Massachusetts. This mission is accomplished by raising funds for student aid distribution and subsequently awarding scholarships to eligible students in a fair and non-discriminatory manner. The foundation's programs aim to alleviate financial barriers and provide opportunities for students to pursue their academic aspirations, thereby promoting educational equality and social mobility.
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
October, 2024
The Gloucester Scholarship Foundation Inc significantly enhances educational opportunities for students at Gloucester High School in Massachusetts. By raising funds specifically for student aid, the foundation plays a crucial role in expanding access to higher education for young individuals who might otherwise face financial barriers.
Through its scholarship programs, the foundation ensures that awards are distributed fairly and without discrimination, fostering an inclusive environment where all eligible students have the chance to pursue their academic goals. The impact of this initiative is profound, as it not only helps students afford higher education but also promotes a culture of aspiration and achievement within the community. Ultimately, the foundation empowers students to dream bigger and take decisive steps toward their future careers, contributing to a more educated and skilled workforce in Gloucester.
This information is meant to be a general summary of Gloucester Scholarship Foundation 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: $76,159
- Gross Receipts: $259,330
Assets and Liabilities:
- Total Assets: $1,646,388
- Total Liabilities: $0
- Net Assets: $1,646,388
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(978) 283-7079Principal Officer
Lawrence Ingersoll
Main Address
C/O 109 MAIN STREET, GLOUCESTER, MA, 01930
NTEE Category
Code: B82 - Education
If you are a representative of Gloucester Scholarship Foundation 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.