Overview
What is Robert H Mollohan Family Charitable Foundation?
The Robert H Mollohan Family Charitable Foundation, headquartered in Fairmont, West Virginia, is a small yet impactful nonprofit organization. Their primary mission is to provide financial aid to deserving students in need, offering them opportunities through various scholarships and student programs. With just one employee, this foundation demonstrates a strong commitment to empowering young individuals by expanding their educational prospects. The exact address of their office is 1000 Technology Drive STE 2000, Fairmont, West Virginia, 26554.
Official website here: www.mollohanfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star
The Robert H Mollohan Family Charitable Foundation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant areas of concern within its operations. With an overall score of 50%, the foundation's Accountability & Finance score reflects a lack of transparency and adherence to best practices in nonprofit governance. Key strengths include a fully independent board and no material diversion of assets, both of which are positive indicators of governance.
However, critical limitations are noted, particularly the absence of a conflict of interest policy and the failure to post its tax form on its website, which may hinder transparency and public trust. Additionally, the foundation's program expense ratio is relatively low at 29.86%, suggesting that a smaller portion of its budget is allocated toward its charitable programs, which could impact its effectiveness in fulfilling its mission.
Overall, while the foundation demonstrates some strong governance practices, the significant gaps in financial transparency and program spending raise concerns that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Robert H Mollohan Family Charitable Foundation legitimate?
Robert H Mollohan Family Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robert H Mollohan Family Charitable 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,260
For more financial information, click here
Official website here: www.mollohanfoundation.org
What is the mission statement of Robert H Mollohan Family Charitable Foundation?
The Robert H Mollohan Family Charitable Foundation's mission is centered around providing opportunities for students. It achieves this by offering various scholarships and student programs. The foundation extends financial aid in the form of scholarships and loans to students in need, thereby empowering them to pursue their education. This philanthropic organization is committed to making higher education accessible for deserving students, thereby contributing to their personal growth and development.
Official website here: www.mollohanfoundation.org
Who is the CEO of Robert H Mollohan Family Charitable Foundation?
Unavailable
Official website here: www.mollohanfoundation.org
What is the revenue of Robert H Mollohan Family Charitable Foundation?
Robert H Mollohan Family Charitable Foundation's revenue in 2021 was $71,450.
Official website here: www.mollohanfoundation.org
Who are the executives of Robert H Mollohan Family Charitable Foundation and what are their salaries?
The average compensation at Robert H Mollohan Family Charitable Foundation during 2021 was $25,260. There is 1 employee at Robert H Mollohan Family Charitable Foundation.
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Official website here: www.mollohanfoundation.org
Where can I find the form 990 for Robert H Mollohan Family Charitable Foundation?
Robert H Mollohan Family Charitable Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.mollohanfoundation.org
Learn more at the official website: www.mollohanfoundation.org
Mission Statement of Robert H Mollohan Family Charitable Foundation
The Robert H Mollohan Family Charitable Foundation is committed to providing opportunities for students, serving its mission through various scholarships and student programs. This nonprofit organization extends its support by offering scholarships and loans to students in need, aiming to alleviate financial burdens and empower them to pursue their educational goals. By providing these resources, the foundation plays a crucial role in enabling students to pursue their academic dreams, ultimately contributing to the betterment of society.
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Impact
August, 2024
The Robert H Mollohan Family Charitable Foundation has a significant impact on providing opportunities for students through various scholarships and student programs. By offering scholarships and loans to need-based students, the foundation plays a crucial role in supporting education in Fairmont, WV. Through their mission to provide opportunities for students, the foundation is helping individuals pursue their academic goals and build a brighter future. Their focus on education is evident in their commitment to supporting students in need, making a positive impact on the community and individuals' lives.
This information is meant to be a general summary of Robert H Mollohan Family Charitable 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 2021.
- Investment Income: $34,076
- Gross Receipts: $71,450
Assets and Liabilities:
- Total Assets: $1,225,062
- Total Liabilities: $0
- Net Assets: $1,225,062
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Organization Details
Founding Year
2000
Main Address
1000 TECHNOLOGY DRIVE STE 2000, FAIRMONT, WV, 26554
Website
www.mollohanfoundation.orgNTEE Category
Code: B99 - Education
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