Overview
What is The Webb Alumni Association Inc?
The Webb Alumni Association Inc, situated in Trezevant, Tennessee, is a dedicated nonprofit organization. They are committed to fostering education and social welfare, with a particular focus on scholarships for older children. The association aims to provide opportunities for these children to further their education or learn a trade, aligning with their mission to uplift the community. They strive to achieve their objectives through various programs, placing special emphasis on educational scholarships and social welfare initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 49% (Zero-Star out of Four Star Rating)
The Webb Alumni Association Inc received a low rating of 49% from Charity Navigator, resulting in a Zero-Star rating. This score is primarily based on its Accountability & Finance metrics, which reflect concerns regarding transparency and governance practices. While the organization boasts a fully independent board and has not diverted any assets, it lacks key policies and disclosures that are critical for accountability.
Strengths of the organization include a fully independent board and a favorable liabilities to assets ratio, indicating a stable financial footing. However, significant weaknesses are noted, including missing documentation related to conflict of interest, whistleblower policies, and website disclosures. These deficiencies contributed to a poor overall accountability score and indicate areas needing improvement for better governance.
Overall, the Webb Alumni Association Inc may have some positive aspects, but the lack of essential policies and transparency measures raises concerns about its operational practices. The organization will need to address these issues to improve its accountability and potentially enhance its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Webb Alumni Association Inc legitimate?
The Webb Alumni Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Webb Alumni Association 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Webb Alumni Association Inc?
The Webb Alumni Association Inc's mission is centered around achieving the organization's objectives, with a particular focus on educational scholarships and social welfare programs. Their mission is to translate this focus into action, aiming to provide opportunities for older children to pursue higher education or learn a trade through the Roscoe McKenzie Scholarship Program. This program is a testament to their commitment to fostering personal growth and development in their community.
What is the revenue of The Webb Alumni Association Inc?
The Webb Alumni Association Inc's revenue in 2024 was $186,669.
Who are the executives of The Webb Alumni Association Inc and what are their salaries?
There 15 volunteers at The Webb Alumni Association Inc.
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Where can I find the form 990 for The Webb Alumni Association Inc?
The Webb Alumni Association Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Webb Alumni Association Inc
The Webb Alumni Association Inc is dedicated to achieving the objectives of its organization, placing a significant emphasis on educational scholarships and social welfare programs. This nonprofit organization strives to accomplish these goals, with a primary focus on providing opportunities for older children to further their education or learn a trade. One of their key initiatives in this regard is the Roscoe McKenzie Scholarship Program. This program offers a chance for children to attend higher level schools or pursue vocational training, thereby expanding their horizons and potential for a better future.
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Impact
August, 2024
The Webb Alumni Association Inc has a significant impact on the community by providing educational scholarships and social welfare programs. Specifically, through the Roscoe McKenzie Scholarship Program, the organization offers older children the opportunity to attend higher-level schooling or learn a trade. This initiative not only supports individuals in achieving their educational goals but also contributes to the overall social welfare of the community. The association's focus on education reflects its commitment to empowering individuals and enhancing opportunities for personal and professional growth.
This information is meant to be a general summary of The Webb Alumni Association 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: $78
- Program Service Revenue: $10,236
- Gross Receipts: $202,620
Assets and Liabilities:
- Total Assets: $81,241
- Total Liabilities: $0
- Net Assets: $81,241
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES
Revenue
$10,236
Organization Details
Founding Year
1973
Principal Officer
Neal Williamson
NTEE Category
Code: B84 - Education
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