Foundation For Amateur Radio Inc

Far Scholarship Comittee

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 526049502 ✦ Laurel, MD ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For Amateur Radio Inc?

Foundation for Amateur Radio Inc, operating under the name FAR Scholarship Committee, is a nonprofit organization located in Laurel, Maryland. Their primary mission is to foster and promote education within the amateur radio community by providing financial assistance in the form of scholarships to licensed radio operators pursuing higher education. Specifically, they awarded forty scholarships to students enrolled in college or trade school programs. The organization is dedicated to supporting the continued growth and development of this specialized community.


Official website here: www.farweb.org

Is Foundation For Amateur Radio Inc legitimate?

Foundation For Amateur Radio Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Amateur Radio 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

For more financial information, click here


Official website here: www.farweb.org

What is the mission statement of Foundation For Amateur Radio Inc?

The Foundation For Amateur Radio Inc's mission is centered around supporting the amateur radio community. They achieve this by facilitating scholarships for college-bound individuals who hold a radio amateur license. This initiative aims to promote education within the amateur radio community, providing financial aid to students pursuing higher education or trade school programs. As a result, the foundation has awarded 40 scholarships to eligible students.


Official website here: www.farweb.org

Who is the CEO of Foundation For Amateur Radio Inc?

David Prestel is the President of Foundation For Amateur Radio Inc.


Official website here: www.farweb.org

What is the revenue of Foundation For Amateur Radio Inc?

Foundation For Amateur Radio Inc's revenue in 2022 was $131,593.


Official website here: www.farweb.org

Who are the executives of Foundation For Amateur Radio Inc and what are their salaries?

There 10 volunteers at Foundation For Amateur Radio Inc.


Here are 3 key members and their salaries:


David Prestel (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Parkison (Financial Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Prestel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.farweb.org

Where can I find the form 990 for Foundation For Amateur Radio Inc?

Foundation For Amateur Radio Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.farweb.org

Learn more at the official website: www.farweb.org

Mission Statement of Foundation For Amateur Radio Inc

The Foundation for Amateur Radio Inc, a nonprofit organization, is committed to supporting the amateur radio community by facilitating educational opportunities. They achieve this goal by providing scholarships to college-bound licensed radio amateurs. This initiative empowers students in the amateur radio field, enabling them to pursue higher education and contribute further to the community. By awarding forty scholarships each year, the Foundation for Amateur Radio Inc is investing in the future of the amateur radio community, ensuring that talented individuals have the chance to continue their education and make significant contributions to the field.

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Impact




October, 2024

Foundation For Amateur Radio Inc significantly impacts the amateur radio community by providing vital educational support through scholarships. This initiative has awarded forty scholarships to licensed amateur radio operators who are pursuing higher education or trade school programs. By facilitating these financial resources, the Foundation empowers individuals to advance their education and skills, ultimately enriching the amateur radio community and ensuring its growth and sustainability. This commitment to education not only aids students in achieving their academic goals but also fosters a deeper engagement with the amateur radio field.




This information is meant to be a general summary of Foundation For Amateur Radio 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.

Revenue
$131,593 (2022)
Expenses
$242,417 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $41
  • Program Service Revenue: $131,552
  • Gross Receipts: $131,593

Assets and Liabilities:

  • Total Assets: $244,713
  • Total Liabilities: $0
  • Net Assets: $244,713

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Scholarship Sponsors

Revenue

$131,552

Organization Details

Founding Year

1957

Principal Officer

David Prestel

Main Address

12801 Fernwood Turn, Laurel, MD, 20708

NTEE Category

Code: B82 - Education

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