Overview
What is The Spaulding High School Scholarship Trust?
The Spaulding High School Scholarship Trust is a nonprofit organization situated in Barre, Vermont. Its primary mission is to manage, administer, and distribute scholarship funds to benefit students graduating from Spaulding High School. In cooperation with responsible parties from the school, the trust provides financial aid for these students to pursue further education at various post-secondary institutions. The trust's activities aim to support the educational aspirations of local students, contributing to their personal growth and future success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Spaulding High School Scholarship Trust has achieved an 80% overall rating, indicating a solid level of accountability and financial health. The organization is marked by a fully independent board of six members and has demonstrated commendable practices in asset management and conflict of interest policies. With a program expense ratio of 82.89%, the trust effectively utilizes its funds to directly support its mission.
Strengths include a significant impact on scholarship recipients, where every dollar spent translates into an income increase of $0.85 to $1.50. This illustrates the trust's effective use of resources to maximize the benefits for students. Additionally, the organization has a documented history of board meeting minutes, which promotes transparency.
However, there are some limitations noted in the rating, such as the absence of a whistleblower policy and a document retention and destruction policy. While these gaps do not significantly detract from the trust's overall performance, addressing them could enhance governance and accountability further.
This AI summary has been generated from information found on Charity Navigator.
Is The Spaulding High School Scholarship Trust legitimate?
The Spaulding High School Scholarship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Spaulding High School Scholarship Trust 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: $6,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Spaulding High School Scholarship Trust?
The Spaulding High School Scholarship Trust's mission is centered around managing, administering, and distributing scholarship funds to benefit students who have graduated from Spaulding High School in Barre, Vermont. This organization aims to support these students in their pursuit of post-secondary education at various institutions. In collaboration with the responsible parties from Spaulding High School, the trust provides scholarships to deserving graduates, thereby contributing to their educational endeavors.
What is the revenue of The Spaulding High School Scholarship Trust?
The Spaulding High School Scholarship Trust's revenue in 2024 was $187,214.
Who are the executives of The Spaulding High School Scholarship Trust and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $2,300
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
Where can I find the form 990 for The Spaulding High School Scholarship Trust?
The Spaulding High School Scholarship Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Spaulding High School Scholarship Trust
The Spaulding High School Scholarship Trust is an organization that is committed to managing, administering, and distributing scholarship funds. Its primary mission is to benefit students who have graduated from Spaulding High School in Barre, Vermont, by providing them with financial assistance to attend various post-secondary educational institutions. In collaboration with the responsible parties from Spaulding High School, the trust works diligently to offer scholarships to deserving students, thereby contributing to their higher education and future prospects.
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Impact
July, 2024
The Spaulding High School Scholarship Trust has had a significant impact on students graduating from Spaulding High School in Barre, Vermont. Through the trust's efforts, graduating students have been provided with valuable scholarship funds to pursue their education at various post-secondary educational institutions. This support has enabled numerous students to further their academic and career aspirations, making a meaningful difference in their lives and contributing to the overall educational attainment in the community.
This information is meant to be a general summary of The Spaulding High School Scholarship Trust. 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.
- Investment Income: $254,479
- Gross Receipts: $352,255
Assets and Liabilities:
- Total Assets: $5,251,659
- Total Liabilities: $0
- Net Assets: $5,251,659
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Organization Details
Founding Year
2015
Principal Officer
David Lacroix
NTEE Category
Code: B82 - Education
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