Overview
What is Community Scholarship Fund Of Glen Cove Inc?
The Community Scholarship Fund of Glen Cove Inc is a nonprofit organization situated in Glen Cove, New York. Its primary mission is to provide financial assistance to graduates of Glen Cove High School, aiding them in covering their initial year of college expenses. This support is facilitated through the allocation of scholarships. The organization's leaders, namely the President and Treasurer, meticulously review relevant documents, such as Form 990, prior to filing the return. In 2022, they granted $71,350.00 in scholarships to eligible recipients. The Community Scholarship Fund of Glen Cove Inc plays a significant role in supporting the educational aspirations of its local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Stars
The Community Scholarship Fund Of Glen Cove Inc has received a score of 73%, indicating a moderate level of accountability and financial health. The organization displays strong governance with a fully independent board and no material diversion of assets, which are positive indicators of its operational integrity. Additionally, the charity has achieved a perfect program expense ratio, demonstrating that all its expenditures are directed towards its mission.
However, there are significant concerns regarding transparency and governance practices. The absence of critical policies such as a conflict of interest policy, whistleblower policy, and document retention policy raises questions about the organization's commitment to best practices in nonprofit management. Furthermore, the charity has not disclosed its tax forms on its website, which limits public access to important financial information.
Overall, while the Community Scholarship Fund Of Glen Cove Inc demonstrates commendable financial efficiency and governance structure, it must address its shortcomings in transparency and policy development to enhance trust and accountability among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Community Scholarship Fund Of Glen Cove Inc legitimate?
Community Scholarship Fund Of Glen Cove Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Scholarship Fund Of Glen Cove 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 Community Scholarship Fund Of Glen Cove Inc?
The Community Scholarship Fund of Glen Cove Inc. is committed to providing financial assistance to graduates of Glen Cove High School, aiding them in covering their initial college expenses for the first year. This non-profit organization ensures a thorough review of the Form 990 prior to its submission for filing. In 2022, the fund disbursed scholarships totaling $71,350.00 to eligible students. The primary goal of this organization is to support the educational aspirations of young individuals, enabling them to pursue higher education and shape their futures.
Who is the CEO of Community Scholarship Fund Of Glen Cove Inc?
Michael Israel is the Director of Community Scholarship Fund Of Glen Cove Inc.
What is the revenue of Community Scholarship Fund Of Glen Cove Inc?
Community Scholarship Fund Of Glen Cove Inc's revenue in 2022 was $60,359.
Who are the executives of Community Scholarship Fund Of Glen Cove Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Community Scholarship Fund Of Glen Cove Inc?
Community Scholarship Fund Of Glen Cove Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Scholarship Fund Of Glen Cove Inc
The Community Scholarship Fund of Glen Cove, as an organization, is committed to providing financial aid to graduates of Glen Cove High School. Its mission is to assist these students in covering their initial year of college expenses. The President and Treasurer of the fund meticulously review Form 990 before submitting it for filing. In the year 2022, this nonprofit organization awarded a substantial sum of $71,350.00 in scholarships, furthering its mission of aiding deserving students in their higher education journey.
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Impact
August, 2024
The impact of the Community Scholarship Fund of Glen Cove Inc is evident in the support it provides to graduates of Glen Cove High School. By awarding scholarships to assist with their first-year college expenses, the organization plays a crucial role in helping students further their education and pursue their dreams. Through the $71,350.00 in scholarships awarded in 2022, the fund demonstrates its commitment to ensuring that financial barriers do not hinder academic success for deserving individuals in the community.
This information is meant to be a general summary of Community Scholarship Fund Of Glen Cove 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: $29,359
- Gross Receipts: $60,359
Assets and Liabilities:
- Total Assets: $1,429,891
- Total Liabilities: $0
- Net Assets: $1,429,891
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Organization Details
Founding Year
1957
Phone
(516) 671-0427Principal Officer
Michael Israel
Main Address
PO Box 453, Glen Cove, NY, 11542
NTEE Category
Code: B820 - Education
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