Overview
What is Sallie Pat Tackett Scholarship Fund Foundation?
The Sallie Pat Tackett Scholarship Fund Foundation, based in East Bank, West Virginia, is a nonprofit organization with a mission to raise funds and offer financial assistance in the form of scholarships to deserving students from Riverside High School in Quincy, WV. They accomplish this goal by hosting fundraising events and managing investments. In 2021, they granted 30 scholarships to eligible graduating students from the high school.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (33%)
The Sallie Pat Tackett Scholarship Fund Foundation has received a low rating of 33%, resulting in a Zero-Star out of Four Star rating. This score primarily reflects significant shortcomings in accountability and financial transparency, as it is based entirely on one beacon score for Accountability & Finance. While the organization has a fully independent board and has demonstrated strong governance in some areas, such as maintaining board meeting minutes and having an independent board size, key policies and essential documents are notably missing.
The foundation's lack of a conflict of interest policy, whistleblower policy, and document retention and destruction policy has severely impacted its score. Additionally, the absence of a listed website on its tax form and the failure to post its tax documents online further detract from its transparency efforts. The program expense ratio is also a concern, sitting at only 38.18%, indicating potential inefficiency in allocating funds towards its intended programs.
Overall, while there are strengths in governance aspects, the foundation's transparency and accountability weaknesses raise significant concerns about its operational integrity and effectiveness in fulfilling its mission. Prospective donors and supporters may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Sallie Pat Tackett Scholarship Fund Foundation legitimate?
Sallie Pat Tackett Scholarship Fund Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sallie Pat Tackett Scholarship Fund 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: $0
For more financial information, click here
What is the mission statement of Sallie Pat Tackett Scholarship Fund Foundation?
The Sallie Pat Tackett Scholarship Fund Foundation's mission is centered around raising funds through various events and investments. Their primary goal is to offer financial aid in the form of scholarships to deserving students who meet the specified criteria. In 2021, this foundation awarded scholarships to thirty students graduating from Riverside High School. The foundation's activities are geared towards supporting the educational aspirations of eligible students by providing them with financial assistance.
Who is the CEO of Sallie Pat Tackett Scholarship Fund Foundation?
Allen Tackett is the President of Sallie Pat Tackett Scholarship Fund Foundation.
What is the revenue of Sallie Pat Tackett Scholarship Fund Foundation?
Sallie Pat Tackett Scholarship Fund Foundation's revenue in 2022 was $72,788.
Who are the executives of Sallie Pat Tackett Scholarship Fund Foundation and what are their salaries?
There 20 volunteers at Sallie Pat Tackett Scholarship Fund Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sallie Pat Tackett Scholarship Fund Foundation?
Sallie Pat Tackett Scholarship Fund Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sallie Pat Tackett Scholarship Fund Foundation
The Sallie Pat Tackett Scholarship Fund Foundation is a nonprofit organization dedicated to raising funds through various events and investment income. Its primary mission is to provide financial aid in the form of scholarships to deserving students who meet the specified criteria, hailing from Riverside High School. By offering these scholarships, the foundation aims to support the educational aspirations of qualified students, thereby empowering them to pursue their academic goals and secure a brighter future. In the year 2021 alone, the Sallie Pat Tackett Scholarship Fund Foundation awarded 30 scholarships to deserving graduates from Riverside High School, located in Quincy, WV.
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Impact
August, 2024
The Sallie Pat Tackett Scholarship Fund Foundation has made a significant impact by providing 30 scholarships to qualified students graduating from Riverside High School in 2021. This support has helped deserving students pursue their educational goals and create opportunities for themselves. Through fundraising events and wise investment strategies, the foundation continues to make a difference in the lives of students in the Quincy, West Virginia area.
This information is meant to be a general summary of Sallie Pat Tackett Scholarship Fund 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: -$36,359
- Gross Receipts: $72,788
Assets and Liabilities:
- Total Assets: $2,414,150
- Total Liabilities: $0
- Net Assets: $2,414,150
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Organization Details
Founding Year
1959
Phone
(304) 343-9493Principal Officer
Allen Tackett
Main Address
P O Box 67, East Bank, WV, 25067
NTEE Category
Code: B82Z - Education
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