Overview
What is The Traffic Club Of New York Scholarship Fund Inc?
The Traffic Club of New York Scholarship Fund Inc is a nonprofit organization situated in New York City, specifically at 244 Madison Avenue STE 419, New York, NY 10016. Their primary mission is to provide educational and personal growth opportunities for the children and grandchildren of their members. They offer scholarships that can be utilized for tuition or other education-related expenses, aiming to support the future generations of their community. This scholarship program serves as a means to invest in the next generation, fostering their academic growth and professional development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
The Traffic Club Of New York Scholarship Fund Inc has earned an 80% rating from Charity Navigator, which reflects a solid level of accountability and financial health. This score is derived entirely from their performance in the Accountability & Finance category, where they excelled in several key areas, indicating responsible management of resources and adherence to best practices.
Strengths of the organization include a fully independent board, where all members (10 out of 10 points) contribute to governance without conflicts of interest. The charity demonstrates no material diversion of assets, signifying financial stability and integrity in its operations. Additionally, an impressive program expense ratio of 99.42% indicates that nearly all funds raised are directed towards its mission, which is a significant indicator of effective use of donations.
While the organization showcases robust governance and financial practices, it is important to recognize that the rating is based solely on financial accountability. There may be additional factors, such as program impact and community feedback, that are not captured in this financial-focused assessment. Overall, the Traffic Club of New York Scholarship Fund Inc appears to be a responsible steward of donor funds, primarily focused on its scholarship initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Traffic Club Of New York Scholarship Fund Inc legitimate?
The Traffic Club Of New York Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Traffic Club Of New York 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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What is the mission statement of The Traffic Club Of New York Scholarship Fund Inc?
The Traffic Club of New York Scholarship Fund Inc's mission is centered around providing educational and personal growth opportunities for the children and grandchildren of its members. Through a scholarship program, they aim to support these individuals with financial aid for their tuition or education-related expenses. This initiative serves to empower the recipients, fostering their academic and professional development.
What is the revenue of The Traffic Club Of New York Scholarship Fund Inc?
The Traffic Club Of New York Scholarship Fund Inc's revenue in 2024 was $41,605.
Who are the executives of The Traffic Club Of New York Scholarship Fund Inc and what are their salaries?
There 24 volunteers at The Traffic Club Of New York Scholarship Fund Inc.
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Where can I find the form 990 for The Traffic Club Of New York Scholarship Fund Inc?
The Traffic Club Of New York Scholarship Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Traffic Club Of New York Scholarship Fund Inc
The Traffic Club of New York Scholarship Fund Inc is committed to providing educational and personal growth opportunities for the children and grandchildren of its members. This nonprofit organization has established a scholarship program with the aim of offering financial aid that can be used towards tuition or other education-related expenses. By investing in the future of its members' families, The Traffic Club of New York Scholarship Fund Inc seeks to contribute to their children's and grandchildren's academic achievements and professional development. This initiative reflects the organization's dedication to supporting its members and their families, fostering a sense of community and shared values.
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Impact
August, 2024
The Traffic Club Of New York Scholarship Fund Inc impacts individuals by providing educational opportunities for the children and grandchildren of its members. Through its Scholarship Program, the organization supports students in their pursuit of academic and personal growth by offering financial assistance for tuition and education-related expenses. This initiative helps ensure that deserving individuals have the resources necessary to further their education and achieve their goals.
This information is meant to be a general summary of The Traffic Club Of New York 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 2024.
- Gross Receipts: $41,605
Assets and Liabilities:
- Total Assets: $38,491
- Total Liabilities: $600
- Net Assets: $37,891
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Organization Details
Founding Year
2014
Principal Officer
Mark Casiano
NTEE Category
Code: B12 - Education
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