Overview
What is The Terri Nicolich Maurer Foundation?
The Terri Nicolich Maurer Foundation, located in Montvale, New Jersey, is a nonprofit organization that focuses on providing scholarships to high school seniors attending Montvale High School. Their mission is to support these students financially, offering scholarships ranging from $500 to $1,000 per student, and in some years, assisting up to four students. The foundation's primary activity is granting these scholarships, aiming to help deserving students pursue their higher education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star Rating)
The Terri Nicolich Maurer Foundation has received a two-star rating from Charity Navigator, indicating room for improvement in accountability and transparency. While the charity has a strong independent board structure and a favorable liabilities to assets ratio, it has several areas of concern that detract from its overall score.
The foundation excels in aspects such as having a fully independent board and a solid program expense ratio, which suggests that a significant portion of its funds is being directed towards its mission. However, critical policies like conflict of interest, whistleblower protections, and document retention are missing, which raises questions about governance practices.
Additionally, the absence of publicly accessible tax forms on its website further limits transparency and may hinder potential donors from fully evaluating the organization. Addressing these gaps could enhance the foundation's reputation and effectiveness in delivering its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Terri Nicolich Maurer Foundation legitimate?
The Terri Nicolich Maurer Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Terri Nicolich Maurer 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Terri Nicolich Maurer Foundation?
The Terri Nicolich Maurer Foundation's primary mission is to extend financial aid in the form of scholarships to deserving high school seniors enrolled at Montvale High School. The scholarships are awarded annually, with each recipient receiving an amount ranging between $500 and $1,000. The foundation is able to assist up to four students each year, thereby supporting their higher education aspirations. The current period has seen the granting of college scholarships by this philanthropic organization.
Who is the CEO of The Terri Nicolich Maurer Foundation?
Jean Nicolich is the Trustee of The Terri Nicolich Maurer Foundation.
What is the revenue of The Terri Nicolich Maurer Foundation?
The Terri Nicolich Maurer Foundation's revenue in 2022 was $2,300.
Who are the executives of The Terri Nicolich Maurer Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Terri Nicolich Maurer Foundation?
The Terri Nicolich Maurer Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Terri Nicolich Maurer Foundation
The Terri Nicolich Maurer Foundation, in its mission, focuses on providing financial aid in the form of scholarships to high school seniors attending Montvale High School. The foundation offers scholarships ranging from $500 to $1,000 per student and extends this opportunity to up to four students each year. This initiative aims to support the educational aspirations of deserving students, contributing to their college education and future prospects. The foundation's current period has seen the granting of these scholarships, demonstrating its commitment to the academic growth of young individuals.
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Impact
August, 2024
The Terri Nicolich Maurer Foundation's impact includes providing college scholarships to high school seniors attending Montvale High School, ranging from $500 to $1,000 per student for up to 4 students per year. This initiative directly supports students in pursuing higher education, easing their financial burdens and enabling them to further their academic goals. This targeted support contributes to the educational advancement of students in Montvale, NJ, facilitating access to opportunities for personal growth and success.
This information is meant to be a general summary of The Terri Nicolich Maurer 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 2022.
- Investment Income: $2,300
- Gross Receipts: $2,300
Assets and Liabilities:
- Total Assets: $25,636
- Total Liabilities: $0
- Net Assets: $25,636
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Organization Details
Founding Year
1991
Phone
(201) 248-7629Principal Officer
Jean Nicolich
Main Address
16 JEFFERSON PLACE, MONTVALE, NJ, 07645
NTEE Category
Code: P58Z - Human services
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