Overview
What is The Quincy College Trust Inc?
The Quincy College Trust Inc, situated in Quincy, Massachusetts, serves as a dedicated nonprofit organization. Its primary mission is to support the education of students, specifically those attending Quincy College and a select few other institutions. To fulfill this objective, they actively raise funds and provide scholarship grants, awarding a total of thirty scholarships to 33,000 students in recent times. Their contributions significantly boost the academic pursuits of these students, making higher education more accessible and affordable. The Trust operates out of 1250 Hancock St 7th Floor.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Quincy College Trust Inc has received a moderate rating, indicating areas of strength as well as some concerning deficiencies. While the organization has achieved a perfect score for its independent board members, the size of the board, and its management of assets, it lacks critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which are essential for transparency and accountability.
The trust demonstrates a solid program expense ratio of 78.16%, showing that a significant portion of its budget is allocated to its mission-related activities. However, the absence of important governance policies could undermine its overall effectiveness and public trust. The organization’s rating suggests that while it is functioning adequately in some respects, there is a clear need for improvement in its governance practices to enhance its accountability and transparency to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Quincy College Trust Inc legitimate?
The Quincy College Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Quincy College Trust 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 Quincy College Trust Inc?
The Quincy College Trust Inc's mission is centered around supporting the educational journey of students. Specifically, the organization aims to raise funds to provide scholarship grants for students of Quincy College and a select few other institutions. This mission is executed through the provision of financial aid, with the Trust having distributed thirty scholarships to support the academic pursuits of over 33,000 students.
What is the revenue of The Quincy College Trust Inc?
The Quincy College Trust Inc's revenue in 2023 was $50,384.
Who are the executives of The Quincy College Trust Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Quincy College Trust Inc?
The Quincy College Trust Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Quincy College Trust Inc
The Quincy College Trust Inc is an organization dedicated to supporting the mission, operations, and students of Quincy College and a limited number of other colleges. Its primary mission is to raise funds, which it then uses to provide scholarship grants for students of Quincy College. This nonprofit organization has demonstrated its commitment to this cause by providing thirty scholarships to support the educational pursuits of 33,000 college students.
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Impact
August, 2024
The Quincy College Trust Inc has a significant impact on supporting the mission, operations, and students of Quincy College and other colleges. By raising funds to provide grants and scholarships for students, the organization has provided thirty scholarships totaling $33,000 in support to college students. This has directly contributed to enabling students to pursue their education and achieve their academic goals. The Trust's mission to raise funds in order to provide scholarship grants for Quincy College students demonstrates a commitment to advancing education and creating opportunities for students to succeed.
This information is meant to be a general summary of The Quincy College Trust 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 2023.
- Investment Income: $38,928
- Gross Receipts: $50,384
Assets and Liabilities:
- Total Assets: $1,022,376
- Total Liabilities: $35,358
- Net Assets: $987,018
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Organization Details
Founding Year
2006
Principal Officer
Scott Campbell
NTEE Category
Code: B114 - Education
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