Overview
What is Unit Scholarship Fund Inc?
Unit Scholarship Fund Inc is a nonprofit organization, specifically established to grant merit-based post-secondary education scholarships to 245 deserving recipients. The organization, situated in Fort Liberty, North Carolina, serves as a beacon of support for the dependents of current, former, and retired members of a specific unit. Their mission is deeply rooted in the belief that education is a crucial stepping stone towards personal growth and development. The scholarships they award are directly issued to the educational institutions, covering tuition and fees on behalf of the recipients. This generous initiative by Unit Scholarship Fund Inc helps pave the way for numerous individuals, empowering them with the opportunity to pursue higher education.
Official website here: www.unitscholarshipfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Unit Scholarship Fund Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, as well as its significant impact measurement score. With a program expense ratio of 94.60%, the organization demonstrates a commitment to directing funds towards its mission. Moreover, the complete independence of its board members (100%) and the absence of liabilities indicates a well-managed financial structure.
The organization's commitment to transparency and rigorous oversight is underscored by perfect scores in financial statements auditing and the documentation of board meeting minutes. Additionally, it has established comprehensive policies, including conflict of interest and whistleblower protections, contributing to a robust governance framework. The impact evaluation shows that for every $1,750 awarded in scholarships, income for recipients increases by $2,653, highlighting the effectiveness of its programs.
While the ratings reflect strong organizational strengths, potential donors and supporters should consider the overall context of the nonprofit sector and the specific outcomes achieved. Nonetheless, Unit Scholarship Fund Inc stands out as a highly rated nonprofit dedicated to providing scholarships and enhancing the economic stability of its beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Unit Scholarship Fund Inc legitimate?
Unit Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unit Scholarship Fund 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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Official website here: www.unitscholarshipfund.org
What is the mission statement of Unit Scholarship Fund Inc?
Unit Scholarship Fund Inc's mission is centered around awarding merit-based education scholarships. This philanthropic organization extends its support to the dependents of current, former, and retired members of a specific unit. Their primary goal is to contribute to the higher education of these individuals, providing them with financial aid to cover tuition and fees at their respective educational institutions. The Unit Scholarship Fund has a history of awarding scholarships to 245 deserving recipients, directly issuing scholarship checks to the institutions on behalf of the beneficiaries.
Official website here: www.unitscholarshipfund.org
Who is the CEO of Unit Scholarship Fund Inc?
Henry Eisenbarth is the Chairman of Unit Scholarship Fund Inc.
Official website here: www.unitscholarshipfund.org
What is the revenue of Unit Scholarship Fund Inc?
Unit Scholarship Fund Inc's revenue in 2022 was $674,371.
Official website here: www.unitscholarshipfund.org
Who are the executives of Unit Scholarship Fund Inc and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.unitscholarshipfund.org
Where can I find the form 990 for Unit Scholarship Fund Inc?
Unit Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unitscholarshipfund.org
Learn more at the official website: www.unitscholarshipfund.org
Mission Statement of Unit Scholarship Fund Inc
Unit Scholarship Fund Inc, as its mission statement suggests, is committed to awarding merit-based education scholarships to the dependents of current, former, and retired unit members. This nonprofit organization believes in the importance of education and recognizes the financial burdens that many families face. By providing scholarships, Unit Scholarship Fund Inc aims to alleviate some of these financial pressures, enabling dependent students to pursue their post-secondary education.
In the recent past, Unit Scholarship Fund Inc has successfully awarded merit-based scholarships to 245 recipients. The organization takes pride in directly writing scholarship checks to the educational institutions on behalf of the recipients, covering their tuition and fees. This proactive approach ensures that the scholarships are utilized effectively, allowing the recipients to focus on their studies and academic pursuits. By providing this financial support, Unit Scholarship Fund Inc is not only contributing to the education of the next generation but also fostering a sense of responsibility and motivation in the recipients, encouraging them to make the most of their educational opportunities.
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Impact
July, 2024
Unit Scholarship Fund Inc's impact lies in its dedication to providing merit-based education scholarships to dependents of current, former, and retired unit members. In the past year, the organization awarded scholarships to 245 recipients, directly benefiting these individuals by supporting their post-secondary education pursuits. The scholarships provided by Unit Scholarship Fund Inc are a direct investment in the education and future success of these individuals, ensuring that they have the opportunity to pursue their academic goals and contribute positively to their communities. This impact extends beyond the recipients themselves, as it also supports and honors the service and sacrifice of unit members and their families.
This information is meant to be a general summary of Unit Scholarship Fund 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 2022.
- Investment Income: $404,872
- Gross Receipts: $1,509,971
Assets and Liabilities:
- Total Assets: $6,129,270
- Total Liabilities: $0
- Net Assets: $6,129,270
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Organization Details
Founding Year
1993
Phone
(910) 624-2304Principal Officer
Henry Eisenbarth
Main Address
PO BOX 73338, FORT LIBERTY, NC, 28307
Website
www.unitscholarshipfund.orgNTEE Category
Code: B82 - Education
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