Overview
What is Allamakee Scholarship Fund Inc?
Allamakee Scholarship Fund Inc is a nonprofit organization that wholeheartedly supports local students in their educational pursuits. By offering various programs, this organization aims to inspire and empower these students to strive for and attain their academic goals. This commitment to education is clearly reflected in its mission statement, which emphasizes the encouragement and support of local students in their academic journeys. The specifics of these programs and services are not provided in the given information, but the focus on fostering educational success among local students is undeniably clear.
Official website here: www.allamakeescholarshipfund.weebly.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The Allamakee Scholarship Fund Inc holds a rating of 56%, which signifies concerns regarding its accountability and financial practices. The organization has a notably low number of independent board members, with 0% of board members meeting this criterion. While it has demonstrated a strong program expense ratio of 97.81%, indicating that a significant majority of its funds are directed towards its educational programs, it lacks essential governance policies such as a conflict of interest policy and a whistleblower policy.
On the positive side, the organization has received full points for having its website listed on the tax form and for maintaining documentation of board meeting minutes, reflecting some level of operational transparency. Additionally, the absence of any material diversion of assets adds to the stability of its financial management. However, the lack of independent oversight raises questions about its governance effectiveness.
Overall, while the Allamakee Scholarship Fund Inc shows a strong commitment to its program goals, the significant shortcomings in board independence and governance policies highlight a need for improvement in accountability practices. This rating serves as a reminder to potential donors to consider these factors when evaluating the organization's overall effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Allamakee Scholarship Fund Inc legitimate?
Allamakee Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allamakee 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:
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For more financial information, click here
Official website here: www.allamakeescholarshipfund.weebly.com
What is the mission statement of Allamakee Scholarship Fund Inc?
The Allamakee Scholarship Fund Inc's mission is centered around motivating local students to strive for and attain their educational aspirations. Through its initiatives, the organization seeks to inspire and empower these students, encouraging them to reach for academic heights. The organization's activities are specifically geared towards fostering an environment that supports and encourages these educational goals. By doing so, the Allamakee Scholarship Fund Inc aims to contribute to the personal and professional growth of its local student community.
Official website here: www.allamakeescholarshipfund.weebly.com
Who is the CEO of Allamakee Scholarship Fund Inc?
Julia Rotach is the Member of Allamakee Scholarship Fund Inc.
Official website here: www.allamakeescholarshipfund.weebly.com
What is the revenue of Allamakee Scholarship Fund Inc?
Allamakee Scholarship Fund Inc's revenue in 2022 was $62,303.
Official website here: www.allamakeescholarshipfund.weebly.com
Who are the executives of Allamakee Scholarship Fund Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.allamakeescholarshipfund.weebly.com
Where can I find the form 990 for Allamakee Scholarship Fund Inc?
Allamakee Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.allamakeescholarshipfund.weebly.com
Learn more at the official website: www.allamakeescholarshipfund.weebly.com
Mission Statement of Allamakee Scholarship Fund Inc
Allamakee Scholarship Fund Inc, as a nonprofit organization, is committed to motivating and supporting local students in their educational pursuits. With a clear mission statement, the fund encourages these students to strive for and achieve their academic goals. By providing resources and opportunities, the Allamakee Scholarship Fund aims to empower the next generation of learners, fostering a community that values education and personal growth.
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Impact
August, 2024
Allamakee Scholarship Fund Inc's impact is evident in its efforts to encourage local students to reach for and achieve their educational goals. Through its programs, the organization plays a significant role in supporting students in their pursuit of higher education, ultimately shaping a brighter future for individuals in the community.
This information is meant to be a general summary of Allamakee 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: -$10,576
- Gross Receipts: $62,303
Assets and Liabilities:
- Total Assets: $1,109,751
- Total Liabilities: $0
- Net Assets: $1,109,751
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Organization Details
Phone
(563) 568-3754Principal Officer
Julia Rotach
Main Address
1106 2nd St NW, Waukon, IA, 52172
NTEE Category
Code: B82 - Education
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