Overview
What is Md Society Of Accountants Scholarship Foundation Inc?
The Md Society of Accountants Scholarship Foundation Inc, located in Columbia, Maryland, is a nonprofit organization with a mission to award scholarships for students pursuing accounting studies in colleges and universities within the state of Maryland. During the fiscal year spanning July 1, 2021, to June 30, 2022, they will continue their scholarship program. The foundation's activities are dedicated to supporting students in their accounting education, contributing to the growth of the accounting profession in Maryland.
Official website here: www.msascholarships.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Md Society Of Accountants Scholarship Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a generally favorable assessment of its operations, particularly in accountability and finance. The organization boasts a perfect score in board independence, with all members being independent, and demonstrates financial responsibility with a low liabilities-to-assets ratio of 5.35%. Furthermore, the program expense ratio is commendable at 83.39%, signifying a strong commitment to its core mission.
However, the organization does face some limitations in its governance policies, as it lacks key documents such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy. These missing elements could raise concerns about the overall governance and risk management practices of the nonprofit. Despite this, the presence of detailed board meeting minutes is a positive indicator of transparency.
Overall, while the Md Society Of Accountants Scholarship Foundation Inc shows a robust commitment to financial health and program spending, improvements in its governance practices could enhance its accountability and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Md Society Of Accountants Scholarship Foundation Inc legitimate?
Md Society Of Accountants Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Md Society Of Accountants Scholarship Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.msascholarships.org
What is the mission statement of Md Society Of Accountants Scholarship Foundation Inc?
The Md Society of Accountants Scholarship Foundation Inc's mission is centered around awarding scholarships to students pursuing accounting studies in colleges and universities within Maryland. By providing these financial aids, the foundation aims to support and encourage the next generation of accounting professionals. During the fiscal year ranging from July 1, 2021, to June 30, 2022, the foundation will continue to distribute college scholarships in line with its mission.
Official website here: www.msascholarships.org
What is the revenue of Md Society Of Accountants Scholarship Foundation Inc?
Md Society Of Accountants Scholarship Foundation Inc's revenue in 2024 was $26,397.
Official website here: www.msascholarships.org
Who are the executives of Md Society Of Accountants Scholarship Foundation Inc and what are their salaries?
There 6 volunteers at Md Society Of Accountants Scholarship Foundation Inc.
Here are 6 key members and their salaries:
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Official website here: www.msascholarships.org
Where can I find the form 990 for Md Society Of Accountants Scholarship Foundation Inc?
Md Society Of Accountants Scholarship Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.msascholarships.org
Learn more at the official website: www.msascholarships.org
Mission Statement of Md Society Of Accountants Scholarship Foundation Inc
The Md Society of Accountants Scholarship Foundation Inc is committed to honoring its mission by awarding scholarships to aspiring accounting students who are currently enrolled in colleges and universities within the state of Maryland. This nonprofit organization's primary objective is to financially support these talented individuals, thereby contributing to the future of the accounting field. During the fiscal year spanning from July 1, 2021, to June 30, 2022, the foundation will continue to distribute scholarships to deserving students, thereby fostering academic excellence and career development in the realm of accounting.
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Impact
August, 2024
The Md Society of Accountants Scholarship Foundation Inc awards scholarships to students studying accounting and attending colleges/universities in Maryland. These scholarships provide financial support to students pursuing higher education in the field of accounting, enabling them to further their academic and professional goals. By investing in the education of these students, the foundation helps to nurture future accountants and financial professionals in Maryland, ultimately contributing to the growth and development of the accounting industry in the state.
This information is meant to be a general summary of Md Society Of Accountants Scholarship Foundation 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 2024.
- Investment Income: $11,314
- Gross Receipts: $26,491
Assets and Liabilities:
- Total Assets: $352,425
- Total Liabilities: $17,701
- Net Assets: $334,724
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Organization Details
Founding Year
1987
Principal Officer
Christine C Giovetti
Website
www.msascholarships.orgNTEE Category
Code: B82 - Education
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