Overview
What is Dolphin Scholarship Foundation?
The Dolphin Scholarship Foundation, based in Virginia Beach, Virginia, is a charitable organization functioning under section 501(C)(3) of the Internal Revenue Code. Its primary objective is to provide financial aid to the dependents of officers and enlisted personnel serving in the United States Navy Submarine Force, enabling them to pursue post-secondary education. The foundation also awards scholarships to enlisted personnel and their families, who have served or are currently serving on specific US Navy submarines. The Dolphin Scholarship Foundation believes in the transformative power of education, aiming to minimize financial barriers that may hinder the pursuit of undergraduate and vocational education for the families of submarine force personnel. The organization strives to help these individuals realize their full potential, thereby enhancing both human potential and quality of life.
Official website here: www.dolphinscholarship.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
The Dolphin Scholarship Foundation has achieved an impressive rating of 99% from Charity Navigator, reflecting its strong performance in accountability and finance, impact measurement, and leadership adaptability. The organization holds perfect scores in several key areas, including accountability and finance, impact evaluation, and feedback collection, indicating a high level of transparency and responsible financial management.
A notable strength of the foundation is its program expense ratio of 85.23%, which demonstrates a commitment to directing the majority of its resources toward its core mission. Additionally, the organization benefits from an entirely independent board of directors, which enhances its governance and oversight capabilities. The foundation also has well-defined policies in place for conflict of interest, whistleblowing, and document retention, further solidifying its operational integrity.
While the foundation has received high marks for equity strategies, it does have a slightly lower score in this area compared to its other strengths, indicating room for improvement. Overall, the Dolphin Scholarship Foundation's strong ratings and practices suggest it is effectively fulfilling its mission and maintaining a solid reputation among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Dolphin Scholarship Foundation legitimate?
Dolphin Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dolphin Scholarship 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: $88,214
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,919
For more financial information, click here
Official website here: www.dolphinscholarship.org
What is the mission statement of Dolphin Scholarship Foundation?
The Dolphin Scholarship Foundation believes in the transformative power of education in enhancing human potential and improving quality of life. Recognizing the financial challenges faced by the children and spouses of U.S. Navy submariners in pursuing undergraduate and vocational education, the foundation is committed to minimizing these obstacles. It strives to assist these individuals in reaching their fullest potential by providing financial aid. The Dolphin Scholarship Foundation aims to contribute to their educational journey, thereby empowering them to achieve their goals and lead fulfilling lives.
Official website here: www.dolphinscholarship.org
Who is the CEO of Dolphin Scholarship Foundation?
Keith B Fargo is the President of Dolphin Scholarship Foundation.
Official website here: www.dolphinscholarship.org
What is the revenue of Dolphin Scholarship Foundation?
Dolphin Scholarship Foundation's revenue in 2023 was $855,430.
Official website here: www.dolphinscholarship.org
Who are the executives of Dolphin Scholarship Foundation and what are their salaries?
The average compensation at Dolphin Scholarship Foundation during 2023 was $28,227. There are 5 employees and 20 volunteers at Dolphin Scholarship Foundation.
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- Compensation: $88,214
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Official website here: www.dolphinscholarship.org
Where can I find the form 990 for Dolphin Scholarship Foundation?
Dolphin Scholarship Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dolphinscholarship.org
Learn more at the official website: www.dolphinscholarship.org
Mission Statement of Dolphin Scholarship Foundation
The Dolphin Scholarship Foundation, an organization dedicated to enhancing human potential and improving quality of life, recognizes the significance of education in achieving these goals. This nonprofit, specifically focused on assisting the children, sons, and spouses of U.S. Navy submariners, understands that financial obstacles often hinder their pursuit of undergraduate and vocational education. In response to this need, the Dolphin Scholarship Foundation is committed to minimizing these barriers by providing aid to help these individuals realize their fullest potential. By offering scholarships and assistance, the foundation aims to empower these individuals, enabling them to overcome financial hurdles and successfully complete their education.
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Impact
July, 2024
The Dolphin Scholarship Foundation's impact is profound as it provides crucial financial assistance to the dependents of U.S. Navy submariners to pursue post-secondary education. By minimizing financial obstacles, DSF enables sons, daughters, and spouses of submariners to reach their fullest potential and achieve their educational goals. This support not only enhances human potential but also improves the quality of life for these individuals as they strive for academic success and brighter futures.
This information is meant to be a general summary of Dolphin Scholarship 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 2023.
- Investment Income: $108,335
- Gross Receipts: $3,962,196
Assets and Liabilities:
- Total Assets: $7,643,427
- Total Liabilities: $62,294
- Net Assets: $7,581,133
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Organization Details
Founding Year
1990
Principal Officer
Keith B Fargo
Main Address
4966 EUCLID ROAD SUITE 109, VIRGINIA BEACH, VA, 23462
Website
www.dolphinscholarship.orgNTEE Category
Code: B25I - Education
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