Overview
What is Madison Educational Assistance Fund?
The Madison Educational Assistance Fund (MEAF), located in Madison, Kansas (66860), is a nonprofit organization dedicated to aiding local individuals with their college expenses. Through their primary mission, MEAF offers scholarships to deserving students, aiming to alleviate the financial burden associated with higher education. This philanthropic effort, represented by their activity or mission description, is integral to the academic pursuits of numerous area students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Madison Educational Assistance Fund has achieved a strong 94% rating from Charity Navigator, reflecting its commitment to high standards of accountability and finance. This score is significant as it indicates that the organization demonstrates transparency and effective financial management, essential qualities for building trust with donors and stakeholders.
The Fund excels in several areas, such as having a fully independent board and no material diversion of assets, both of which received perfect scores. Additionally, the organization follows robust policies regarding conflicts of interest and document retention, further showcasing its dedication to ethical practices. With a program expense ratio of 82.06%, it prioritizes its mission-related activities, ensuring that a substantial portion of its resources is directed towards supporting educational assistance.
While the fund has received high marks for its financial practices, ongoing monitoring of its program effectiveness and impact could provide a more comprehensive picture of its overall performance. Nonetheless, the current ratings affirm that the Madison Educational Assistance Fund operates with integrity and effectiveness, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Madison Educational Assistance Fund legitimate?
Madison Educational Assistance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Educational Assistance 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.
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What is the mission statement of Madison Educational Assistance Fund?
The Madison Educational Assistance Fund's mission is centered around providing educational support to local students. Specifically, they offer scholarships to help cover college expenses, thereby aiding area individuals in pursuing higher education. This initiative aims to contribute to their academic journeys and potentially broaden their opportunities for the future. The fund's activities are primarily focused on financial aid, offering a vital resource for students who may otherwise face financial barriers to higher education.
Who is the CEO of Madison Educational Assistance Fund?
Linda Wilson is the President of Madison Educational Assistance Fund.
What is the revenue of Madison Educational Assistance Fund?
Madison Educational Assistance Fund's revenue in 2023 was $59,206.
Who are the executives of Madison Educational Assistance Fund and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Madison Educational Assistance Fund?
Madison Educational Assistance Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Madison Educational Assistance Fund
Madison Educational Assistance Fund, often abbreviated as MEAF, is an organization dedicated to providing financial aid in the form of scholarships to local students pursuing higher education. The mission of MEAF is to support these individuals by alleviating some of the financial burdens associated with college expenses. By offering scholarships, MEAF seeks to make higher education more accessible and affordable for deserving students in the area. The organization's primary activity revolves around providing financial assistance, enabling many students to pursue their academic goals and contribute to their communities in the future.
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Impact
August, 2024
The Madison Educational Assistance Fund provides college scholarships to area students in Madison, Kansas. These scholarships help individuals in the community cover college expenses, making higher education more accessible to those in need. MEAF's impact is significant as it plays a crucial role in supporting the educational pursuits of local students, ultimately empowering them to achieve their academic and career goals. By contributing to the educational advancement of individuals in the community, MEAF positively impacts the overall educational landscape in Madison and helps create a more educated and skilled workforce for the future.
This information is meant to be a general summary of Madison Educational Assistance 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $20,939
- Gross Receipts: $493,062
Assets and Liabilities:
- Total Assets: $1,150,584
- Total Liabilities: $0
- Net Assets: $1,150,584
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Organization Details
Founding Year
1992
Phone
(620) 437-2203Principal Officer
Linda Wilson
Main Address
2331 360TH STREET, MADISON, KS, 66860
NTEE Category
Code: B82 - Education
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