Overview
What is Janie Hammit Memorial Inc?
Janie Hammit Memorial Inc is a nonprofit organization situated in Bristol, Virginia, specifically at 1225 Janie Hammit Drive. Their primary mission is to support individuals in need by providing them with educational scholarships. In the recent past, they awarded two scholarships, each worth $2,500, to help four individuals continue their college education. This nonprofit organization is dedicated to making a difference in people's lives by facilitating their access to higher education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Janie Hammit Memorial Inc has received an 80% score, which indicates a solid evaluation in terms of accountability and finance. This score is exclusively derived from various metrics, highlighting the organization’s strong commitment to maintaining a transparent and well-governed structure. The charity has achieved full marks in several key areas, including having a fully independent board and no material diversion of assets.
The organization demonstrates excellent financial health, as indicated by a low liabilities-to-assets ratio of 0.38%, showcasing its ability to manage resources effectively. Additionally, it allocates a significant portion of its budget—81.80%—towards program expenses, which reflects a strong focus on its mission and direct impact on beneficiaries.
While the charity shows commendable strengths in governance and financial management, the single-beacon score means that other areas such as fundraising efficiency or public engagement are not assessed in this evaluation. This could be an area for potential growth or improvement for the organization in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Janie Hammit Memorial Inc legitimate?
Janie Hammit Memorial Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Janie Hammit Memorial 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
What is the mission statement of Janie Hammit Memorial Inc?
Janie Hammit Memorial Inc is an organization committed to providing educational assistance to individuals in need. Their mission, as stated, is to offer scholarships that enable these individuals to continue their higher education. The organization has provided financial aid, in the form of scholarships, to four deserving individuals, each receiving $2,500 towards their college tuition. By offering these scholarships, Janie Hammit Memorial Inc aims to contribute to the educational journey of deserving individuals, thereby potentially opening up new opportunities for them.
Who is the CEO of Janie Hammit Memorial Inc?
Chrisite Branson is the President of Janie Hammit Memorial Inc.
What is the revenue of Janie Hammit Memorial Inc?
Janie Hammit Memorial Inc's revenue in 2022 was $54,490.
Who are the executives of Janie Hammit Memorial Inc and what are their salaries?
There 6 volunteers at Janie Hammit Memorial Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Janie Hammit Memorial Inc?
Janie Hammit Memorial Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Janie Hammit Memorial Inc
Janie Hammit Memorial, a renowned organization, is dedicated to providing financial aid to individuals in need, enabling them to continue their education. By granting scholarships, this nonprofit aims to alleviate the financial burden that often hampers individuals from pursuing their higher education goals. In the most recent record, Janie Hammit Memorial awarded two scholarships, each worth $2,500, to four deserving individuals. This act of generosity allows these individuals to continue their academic journey without the worry of accumulating significant debt.
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Impact
August, 2024
Janie Hammit Memorial Inc's impact is evident through its provision of scholarships to individuals in need, enabling them to continue their education. This opportunity can significantly impact the lives of recipients by helping them pursue their academic goals and potentially improve their future prospects. Through the awarding of scholarships, Janie Hammit Memorial Inc directly contributes to the educational advancement of deserving individuals.
This information is meant to be a general summary of Janie Hammit Memorial 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 2022.
- Investment Income: $12,659
- Gross Receipts: $54,490
Assets and Liabilities:
- Total Assets: $645,673
- Total Liabilities: $2,572
- Net Assets: $643,101
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Organization Details
Founding Year
1990
Principal Officer
Chrisite Branson
Main Address
1225 Janie Hammit Dr, Bristol, VA, 24201
NTEE Category
Code: Z99Z - Unknown
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