Overview
What is Elliot L Richardson Prize Fund?
The Elliot L Richardson Prize Fund is a nonprofit entity, now functioning as a committee under the Board of Directors of the National Academy of Public Administration. Based in Washington D.C., its primary objective is to honor individuals who embody the virtues of public service and integrity akin to Elliot L. Richardson. The fund awards an annual prize, recognizing excellence and dedication in government service and public management. In FY21, the Prize Fund dissolved its corporate form, transferring its assets to the Academy in accordance with its bylaws.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Elliot L Richardson Prize Fund has received a "Needs Improvement" rating, reflecting a score of 73%. The organization demonstrates strong accountability and finance practices, achieving a perfect score of 100% in this area. Notably, it has a high percentage of independent board members, ensuring governance integrity, and maintains a zero liability to assets ratio, indicating financial stability.
However, the organization has several significant weaknesses that have impacted its rating. Key policies, such as a conflict of interest policy, whistleblower policy, and document retention policy, are missing, which raises concerns about transparency and risk management. Additionally, the nonprofit does not have its website listed on its tax form, and it fails to post its tax form on its website, further detracting from its operational transparency.
While the program expense ratio is impressively high at 98.73%, indicating a commitment to its mission, the lack of essential policies and public documentation may limit stakeholders' trust. Addressing these governance gaps could enhance the organization’s credibility and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Elliot L Richardson Prize Fund legitimate?
Elliot L Richardson Prize Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elliot L Richardson Prize Fund 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: $80
For more financial information, click here
What is the mission statement of Elliot L Richardson Prize Fund?
The Elliot L. Richardson Prize Fund's primary mission is to honor and recognize individuals who demonstrate exceptional integrity and excellence in public service and management. The fund, established by the corporation, annually awards a prize known as the Elliot L. Richardson prize to deserving individuals. The prize celebration aims to pay tribute to the late Elliot L. Richardson's virtues, emphasizing his significant contributions to public service. The goal is to encourage and inspire others to uphold similar values in their own public service roles.
Who is the CEO of Elliot L Richardson Prize Fund?
Michael C Rogers is the Chair of Elliot L Richardson Prize Fund. The CEO's salary of Elliot L Richardson Prize Fund is $0 and their total compensation is $326,473.
What is the revenue of Elliot L Richardson Prize Fund?
Elliot L Richardson Prize Fund's revenue in 2021 was $41,143.
Who are the executives of Elliot L Richardson Prize Fund and what are their salaries?
There 7 volunteers at Elliot L Richardson Prize Fund.
Here are 9 key members and their salaries (Elliot L Richardson Prize Fund's CEO's salary is $0 and their total compensation is $326,473):
- Compensation: $0
- Related: $304,563
- Other: $21,910
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $190,057
- Other: $20,237
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Elliot L Richardson Prize Fund?
Elliot L Richardson Prize Fund's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Elliot L Richardson Prize Fund
The Elliot L Richardson Prize Fund is established with a mission to honor the late Elliot L. Richardson's exemplary public service virtues through an annual award. This esteemed organization, known as The Prize Fund, aims to recognize individuals who have demonstrated excellence and integrity in their roles within government service and public management. The Prize Fund's primary objective is to bestow an annual award, named the Elliot L. Richardson prize, to those who embody the principles of dedication and ethical conduct that Elliot L. Richardson embodied during his tenure.
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Impact
October, 2024
The Elliot L. Richardson Prize Fund recognizes and honors individuals who exemplify the virtues of public service, particularly excellence and integrity in government service and public management. By awarding the Elliot L. Richardson Prize annually, it highlights the importance of ethical leadership and effective public administration.
The Prize Fund operates under the auspices of the National Academy of Public Administration, ensuring that its mission continues to promote high standards in the field of public service. The impact of the Prize is significant; it not only provides recognition to deserving individuals but also serves as a beacon for aspiring public servants. By honoring those who demonstrate outstanding commitment and ethical practices, the Prize Fund reinforces the values of accountability and dedication within the realm of government and public management. Therefore, it contributes to a culture of excellence and integrity that can inspire future leaders in public service.
This information is meant to be a general summary of Elliot L Richardson Prize Fund. 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 2021.
- Investment Income: $41,143
- Gross Receipts: $72,539
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2000
Phone
(202) 347-3190Principal Officer
Michael C Rogers
Main Address
1600 K Street NW No 400, Washington, DC, 20006
NTEE Category
Code: B820 - Education
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