Overview
What is Mecklenburg Scholarship Assoc Inc?
Mecklenburg Scholarship Assoc Inc, located in Chase City, Virginia, is a dedicated nonprofit organization. Its primary mission is to offer financial aid through scholarships to deserving and financially needy students hailing from Mecklenburg County, Virginia. This is achieved by providing grants that cover tuition costs for these students pursuing their higher education at colleges or universities. The organization's activities and mission remain centered around providing access to higher education, ensuring that deserving individuals are not hindered by financial constraints.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating reflects the organization's performance in terms of accountability and finance. The score indicates that while the Mecklenburg Scholarship Association demonstrates some solid practices, there are areas that may require improvement to enhance overall effectiveness.
The organization excels in accountability, with a perfect score on independent board members and board size, indicating strong governance. Additionally, it has successfully avoided material diversion of assets and maintains a favorable liabilities to assets ratio. The program expense ratio is notably high at 97.75%, suggesting that a significant portion of its funding is directed towards its programs rather than administrative costs.
However, despite these strengths, the overall rating of 73% results in a two-star status, pointing to potential weaknesses that could be addressed to improve financial health or transparency. Stakeholders might look for more comprehensive insights into the organization's operations and outcomes to fully understand its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Mecklenburg Scholarship Assoc Inc legitimate?
Mecklenburg Scholarship Assoc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mecklenburg Scholarship Assoc 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.
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What is the mission statement of Mecklenburg Scholarship Assoc Inc?
Mecklenburg Scholarship Assoc Inc is dedicated to providing college and university scholarships for deserving and financially needy students. Their mission is to help these students pursue their higher education by offering financial aid. Last year, they granted tuition funds to four deserving students from Mecklenburg County, Virginia. The association aims to make higher education accessible to those who may not be able to afford it, thereby empowering them to build a better future. The scholarships provided by Mecklenburg Scholarship Assoc Inc serve as a stepping stone for these students, enabling them to pursue their academic goals and contribute to society in their respective fields.
Who is the CEO of Mecklenburg Scholarship Assoc Inc?
Robin B Jones is the President of Mecklenburg Scholarship Assoc Inc.
What is the revenue of Mecklenburg Scholarship Assoc Inc?
Mecklenburg Scholarship Assoc Inc's revenue in 2023 was $71,570.
Who are the executives of Mecklenburg Scholarship Assoc Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Mecklenburg Scholarship Assoc Inc?
Mecklenburg Scholarship Assoc Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mecklenburg Scholarship Assoc Inc
Mecklenburg Scholarship Associates Inc, as a nonprofit organization, is committed to providing college and university scholarships for deserving, needy students. Their mission is to offer financial aid to students who demonstrate an exceptional academic record and financial need, enabling them to further their education and pursue their aspirations. The association has demonstrated this commitment by providing grants for tuition to four deserving students from Mecklenburg County, Virginia, allowing them to attend their chosen colleges or universities. By providing these scholarships, Mecklenburg Scholarship Associates Inc is contributing to the higher education of talented individuals, fostering their growth and development, and ultimately, contributing to the broader community and society.
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Impact
August, 2024
Mecklenburg Scholarship Assoc Inc's impact lies in providing college and university scholarships to deserving needy students in Mecklenburg County, Virginia. By awarding grants for tuition to students facing financial barriers, the organization is directly contributing to the advancement of education and helping individuals pursue their academic goals despite economic challenges. Their focus on empowering students through education underscores their commitment to supporting the community and fostering opportunities for those in need.
This information is meant to be a general summary of Mecklenburg Scholarship Assoc 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 2023.
- Gross Receipts: $71,570
Assets and Liabilities:
- Total Assets: $384,415
- Total Liabilities: $0
- Net Assets: $384,415
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Organization Details
Founding Year
1957
Phone
(434) 447-7111Principal Officer
Robin B Jones
Main Address
912 W SYCAMORE STREET, CHASE CITY, VA, 23924
NTEE Category
Code: P20 - Human services
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