Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 481064924 ✦ Goodland, KS ✦ Designated as a 501(c)(3)

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Overview

What is Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund?

The Garnette E Greene and Ethlyne R Greene Memorial Scholarship Fund is a charitable organization that focuses on providing financial assistance to students pursuing higher education. It offers college scholarships of $500 each to a selected number of individuals, with 32 students benefiting from this initiative in the recent past. The organization's primary mission is to support academic growth and success within the student community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 58%, One-Star out of Four Stars

The Garnette E Greene and Ethlyne R Greene Memorial Scholarship Fund has received a 58% rating from Charity Navigator, indicating significant room for improvement in its accountability and finance practices. While the organization excels in transparency regarding board independence and maintains a healthy liabilities-to-assets ratio, other critical areas such as program expense ratio and governance policies are lacking.

The charity scored a perfect 10 points for having an independent board and for documenting board meetings, which reflects good governance practices. However, it received low scores on several fronts, including a program expense ratio of only 10 out of 25 points, suggesting that a smaller proportion of its budget is going towards its core mission of providing scholarships. Additionally, the absence of listed policies regarding conflict of interest, whistleblowing, and document retention raises concerns about overall governance and operational effectiveness.

Overall, while the Garnette E Greene and Ethlyne R Greene Memorial Scholarship Fund demonstrates some strengths in board independence and asset management, its low scores in program expenses and governance policies suggest that potential donors and supporters should consider these factors critically when evaluating their support.


This AI summary has been generated from information found on Charity Navigator.

Is Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund legitimate?

Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund 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: $8,413
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund?

The Garnette E Greene and Ethlyne R Greene Memorial Scholarship Fund is dedicated to supporting higher education by providing monetary aid in the form of scholarships. Specifically, the fund awards $500 scholarships to numerous students each time. This initiative aims to alleviate some of the financial burden associated with pursuing a college education, thereby enabling more individuals to access this opportunity. The program's mission is to contribute to the educational growth and success of deserving students, ultimately fostering a more educated and skilled society.

Who is the CEO of Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund?

Debra D Martin is the Fund Manager of Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund.

What is the revenue of Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund?

Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund's revenue in 2022 was $50,935.

Who are the executives of Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund and what are their salaries?


Here are 6 key members and their salaries:


Chris Lee (Fund Manager)
  • Compensation: $0
  • Related: $4,000
  • Other: $0
David Morrow (Fund Manager)
  • Compensation: $0
  • Related: $72,000
  • Other: $0
Debra Martin (Fund Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Cole (Fund Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carla Lampe (Fund Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fnb Bank (Trustee)
  • Compensation: $8,413
  • Related: $0
  • Other: $0
Where can I find the form 990 for Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund?

Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund

The Garnette E Greene and Ethlyne R Greene Memorial Scholarship Fund is a program dedicated to providing financial aid in the form of college scholarships. This nonprofit organization awards $500 scholarships to deserving students, supporting their higher education aspirations. By offering these scholarships, the fund plays a significant role in enabling students to pursue their academic goals and potentially pave the way for a brighter future.

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Impact




October, 2024

The Garnette E Greene and Ethlyne R Greene Memorial Scholarship Fund has a significant impact on the educational journeys of students in Goodland, Kansas. By providing $500 scholarships to 32 students, it alleviates some of the financial burdens associated with higher education, making it more accessible for those pursuing their academic goals. This support not only helps students cover tuition and related expenses but also encourages them to continue their education, empowering them with the knowledge and skills needed for future success. Through its mission, the scholarship fund fosters a sense of community investment in education, inspiring recipients to give back and contribute positively to society.




This information is meant to be a general summary of Garnette E Greene And Ethlyne R Greene Memorial Scholarship Fund. 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.

Revenue
$50,935 (2022)
Expenses
$26,001 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $50,935
  • Gross Receipts: $94,375

Assets and Liabilities:

  • Total Assets: $859,572
  • Total Liabilities: $0
  • Net Assets: $859,572

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Organization Details

Founding Year

1988

Principal Officer

Debra D Martin

Main Address

P O Box 570, Goodland, KS, 67735

NTEE Category

Code: B82 - Education

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