Overview
What is Newark Housing Authority Scholarship Foundation?
The Newark Housing Authority Scholarship Foundation, situated in Newark, New Jersey, is a nonprofit organization dedicated to supporting economically disadvantaged high school students residing in the Newark Housing Authority. Their mission is to increase the likelihood of these students pursuing and completing their college education. By providing scholarships and financial assistance for related college costs, they have awarded a total of $600,000 to over 300 young individuals since their inception. The organization uses its contributions to cover operational expenses, including overhead costs and necessary supplies.
Is Newark Housing Authority Scholarship Foundation legitimate?
Newark Housing Authority Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newark Housing Authority Scholarship Foundation 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 Newark Housing Authority Scholarship Foundation?
The Newark Housing Authority Scholarship Foundation's mission is centered around enhancing the prospects of economically disadvantaged high school students from attending and completing college. By offering scholarships and financial aid, the foundation aims to make higher education more accessible for these students. The foundation's activities primarily focus on supporting college-bound students participating in affordable housing programs, thereby providing them with a viable opportunity to pursue their academic goals. The funds allocated to the foundation are utilized for operational expenses such as overhead costs and organizational supplies. The ultimate objective of the Newark Housing Authority Scholarship Foundation is to increase the number of high school students from its community gaining entry into and graduating from college.
Who is the CEO of Newark Housing Authority Scholarship Foundation?
Samuel Moolayil is the President of Newark Housing Authority Scholarship Foundation.
What is the revenue of Newark Housing Authority Scholarship Foundation?
Newark Housing Authority Scholarship Foundation's revenue in 2023 was $111,628.
Who are the executives of Newark Housing Authority Scholarship Foundation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Newark Housing Authority Scholarship Foundation?
Newark Housing Authority Scholarship Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Newark Housing Authority Scholarship Foundation
The Newark Housing Authority Scholarship Foundation's mission is centered around enhancing the chances of economically disadvantaged high school students from Newark in securing a college education and eventually graduating. By providing scholarships and financial assistance for college-related expenses, this organization aims to open up a viable pathway for these students to pursue higher education. The ultimate goal of the Newark Housing Authority Scholarship Foundation is to increase the number of students from Newark who enter and complete their college education. The foundation uses its contributions to cover operational costs, including overhead expenses and organizational supplies, in order to effectively carry out this mission.
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Impact
October, 2024
The Newark Housing Authority Scholarship Foundation has made a significant impact by providing financial support to economically disadvantaged young people in Newark, New Jersey. By awarding $600,000 in scholarships and assistance for college-related costs to 300 students, the foundation has created tangible opportunities for these individuals to pursue higher education.
This initiative not only alleviates some financial barriers that students face but also promotes the goal of increasing college enrollment and graduation rates among high school students participating in affordable housing programs. By focusing on accessibility to education, the foundation directly contributes to breaking the cycle of poverty and empowering these young people to achieve their academic and career aspirations. Through its efforts, the foundation is fostering a culture of education and encouraging students to envision a brighter future, ultimately benefiting the community as a whole.
This information is meant to be a general summary of Newark Housing Authority Scholarship Foundation. 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.
- Gross Receipts: $111,628
Assets and Liabilities:
- Total Assets: $89,597
- Total Liabilities: $54,420
- Net Assets: $35,177
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Organization Details
Founding Year
1988
Phone
(973) 273-6601Principal Officer
Samuel Moolayil
Main Address
500 Broad Street, Newark, NJ, 07102
NTEE Category
Code: B82 - Education
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