Overview
What is Arema Educational Foundation?
The Arema Educational Foundation is a charitable organization, headquartered in Lanham, Maryland, with a specific focus on promoting education and professional development within the field of railway engineering. By awarding scholarships to engineering students displaying a notable interest in the railroad industry, the foundation aims to support and nurture talent in this sector. The scholarship recipients are chosen by a dedicated committee, ensuring that the selected candidates meet the criteria set for each individual scholarship. The foundation's activities are aligned with its mission to engage in charitable activities and contribute to the growth and advancement of railway engineering.
Official website here: www.aremafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating. This rating indicates that the Arema Educational Foundation has a solid performance in terms of accountability and finance, reflecting a commitment to responsible governance and transparency.
The foundation has achieved high marks for its independent board structure, with all members being independent and a strong performance in managing its financial resources. Notably, the organization has demonstrated excellent program expense management, with over 88% of its expenses directed towards programs. However, there are areas for improvement, particularly regarding the absence of a conflict of interest policy and whistleblower policy, which are critical for enhancing governance practices.
Overall, while the Arema Educational Foundation shows strong financial health and a commitment to its mission, addressing the missing governance policies could strengthen its operations and increase donor confidence. The foundation's accountability practices have been effective, but enhancing transparency through policy implementation would further enhance its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Arema Educational Foundation legitimate?
Arema Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arema Educational Foundation 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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Official website here: www.aremafoundation.org
What is the mission statement of Arema Educational Foundation?
The Arema Educational Foundation is dedicated to engaging in charitable activities, focusing on promoting education and professional development in the field of railway engineering. One of its key initiatives is awarding scholarships to engineering students with a particular interest in the railroad industry. A scholarship committee, which is a sub-committee of the Arema Education and Training Committee, reviews all applications and selects scholarship recipients based on established criteria for each individual scholarship.
Official website here: www.aremafoundation.org
Who is the CEO of Arema Educational Foundation?
Elizabeth S Caruso is the President of Arema Educational Foundation.
Official website here: www.aremafoundation.org
What is the revenue of Arema Educational Foundation?
Arema Educational Foundation's revenue in 2022 was $67,486.
Official website here: www.aremafoundation.org
Who are the executives of Arema Educational Foundation and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $292,500
- Other: $66,791
Official website here: www.aremafoundation.org
Where can I find the form 990 for Arema Educational Foundation?
Arema Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aremafoundation.org
Learn more at the official website: www.aremafoundation.org
Mission Statement of Arema Educational Foundation
The Arema Educational Foundation is dedicated to engaging in charitable activities, with a primary focus on promoting education and professional development in the field of railway engineering. This nonprofit organization aims to support individuals showing a distinctive interest in the railroad industry by awarding scholarships. A scholarly committee, serving as a sub-committee of the Arema Education and Training Committee, oversees the scholarship selection process. This committee reviews all applications, meticulously assessing candidates based on the criteria established for each individual scholarship, thereby identifying and honoring deserving recipients.
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Impact
August, 2024
Arema Educational Foundation's impact can be seen in the opportunities it provides to engineering students with a particular interest in the railroad industry. By awarding scholarships through a rigorous selection process, the foundation not only supports the academic pursuits of these students but also encourages their professional development in the field of railway engineering. This focused approach helps to cultivate a new generation of talent that is well-equipped to contribute to the advancement of the railroad industry.
This information is meant to be a general summary of Arema Educational Foundation. 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: $12,665
- Program Service Revenue: $4,050
- Gross Receipts: $119,486
Assets and Liabilities:
- Total Assets: $502,496
- Total Liabilities: $0
- Net Assets: $502,496
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Organization Details
Founding Year
2000
Phone
(301) 459-3200Principal Officer
Elizabeth S Caruso
Main Address
4471 NICOLE DRIVE UNIT 1, LANHAM, MD, 20706
Website
www.aremafoundation.orgNTEE Category
Code: B82 - Education
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