Overview
What is The Scholarship Fund Grand Lodge Af & Am Of Virginia?
The Scholarship Fund Grand Lodge Af & Am Of Virginia is a charitable organization situated in Richmond, Virginia. Their primary mission is to provide financial aid in the form of scholarships to deserving and financially challenged students, enabling them to pursue higher education at reputable institutions. The Grand Lodge Af & Am Of Virginia established this fund as part of their consolidated financial statements, demonstrating their commitment to supporting the educational aspirations of deserving individuals within their community. The Scholarship Fund, as of the provided information, has assisted 86 students in their academic pursuits.
Official website here: www.grandlodgeofvirginia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The Scholarship Fund Grand Lodge Af & Am Of Virginia has achieved an impressive four-star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts a high accountability and finance score of 97%, which is calculated entirely from its financial practices and governance. The fiscal year of 2022 shows that the organization is well-managed, demonstrating transparency and effective use of its resources.
Strengths of the nonprofit include a fully independent board, with 85% of its members meeting this criterion, which enables impartial decision-making. The organization has no material diversion of assets, and it actively maintains a robust conflict of interest policy, whistleblower policy, and thorough document retention practices. Additionally, it maintains an excellent liabilities to assets ratio of 0.00%, indicating sound financial health.
While there are no significant limitations noted in the available data, the organization's high program expense ratio of 83.76% suggests a strong commitment to direct programming rather than administrative costs. Overall, The Scholarship Fund Grand Lodge Af & Am Of Virginia exemplifies transparency, effective governance, and a dedication to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Scholarship Fund Grand Lodge Af & Am Of Virginia legitimate?
The Scholarship Fund Grand Lodge Af & Am Of Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Scholarship Fund Grand Lodge Af & Am Of Virginia 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
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Official website here: www.grandlodgeofvirginia.org
What is the mission statement of The Scholarship Fund Grand Lodge Af & Am Of Virginia?
The Scholarship Fund Grand Lodge Af & Am of Virginia's mission is centered around awarding scholarships to needy and qualified students. This mission is carried out by providing financial aid for tuition at institutions of higher learning. The Grand Lodge Af & Am of Virginia established this scholarship fund, which is included in their consolidated financial statements. Last year, the fund granted scholarships to 86 deserving students, thereby contributing to their higher education.
Official website here: www.grandlodgeofvirginia.org
What is the revenue of The Scholarship Fund Grand Lodge Af & Am Of Virginia?
The Scholarship Fund Grand Lodge Af & Am Of Virginia's revenue in 2023 was $184,779.
Official website here: www.grandlodgeofvirginia.org
Who are the executives of The Scholarship Fund Grand Lodge Af & Am Of Virginia and what are their salaries?
There 5 volunteers at The Scholarship Fund Grand Lodge Af & Am Of Virginia.
Here are 6 key members and their salaries:
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Official website here: www.grandlodgeofvirginia.org
Where can I find the form 990 for The Scholarship Fund Grand Lodge Af & Am Of Virginia?
The Scholarship Fund Grand Lodge Af & Am Of Virginia's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.grandlodgeofvirginia.org
Learn more at the official website: www.grandlodgeofvirginia.org
Mission Statement of The Scholarship Fund Grand Lodge Af & Am Of Virginia
The Scholarship Fund Grand Lodge Af & Am of Virginia, in its mission, is dedicated to awarding scholarships to deserving and financially struggling students. This organization, which is an integral part of the Grand Lodge's consolidated financial statements, was established with the primary goal of providing financial aid to students seeking higher education at various institutions. Over the years, the Scholarship Fund has demonstrated its commitment to this cause by granting scholarships to 86 qualified individuals, thereby enabling them to pursue their academic dreams.
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Impact
October, 2024
The Scholarship Fund Grand Lodge Af & Am Of Virginia significantly impacts the community by providing financial assistance to needy and qualified students pursuing higher education. Over the years, the fund has successfully awarded scholarships to 86 students, enabling them to afford tuition at various institutions of higher learning. This support not only alleviates the financial burden on students and their families but also promotes educational attainment and personal development. By facilitating access to education, the Scholarship Fund contributes to a more educated workforce and fosters opportunities for individuals to achieve their goals and positively impact their communities.
This information is meant to be a general summary of The Scholarship Fund Grand Lodge Af & Am Of Virginia. 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 2023.
- Investment Income: $30,724
- Gross Receipts: $195,749
Assets and Liabilities:
- Total Assets: $2,265,122
- Total Liabilities: $0
- Net Assets: $2,265,122
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Organization Details
Founding Year
1979
Principal Officer
Doug Jones
Website
www.grandlodgeofvirginia.orgNTEE Category
Code: B82 - Education
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