Overview
What is Strom Thurmond Foundation Inc?
The Strom Thurmond Foundation Inc, located in Columbia, South Carolina, is a nonprofit organization with a singular mission. They focus on granting scholarships for educational purposes, extending financial aid to deserving, economically challenged individuals in South Carolina. These scholarships are intended for undergraduate studies, covering a maximum duration of four years. The beneficiaries can attend in-state colleges, universities, vocational, or technical schools. The foundation, with a modest workforce of one, is dedicated to supporting the educational aspirations of its community.
Official website here: www.sites.google.com/site/stromthurmondfoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Strom Thurmond Foundation Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance with an overall score of 76%. This score is derived exclusively from the Accountability & Finance beacon, highlighting the foundation's focus on responsible financial practices. The foundation demonstrates strong governance with an entirely independent board of directors and no recorded material diversion of assets.
Strengths of the organization include a high program expense ratio of 70.91%, reflecting its commitment to allocating funds towards its mission. Additionally, the foundation maintains transparency by listing its website on the tax form and documenting board meeting minutes. However, there are notable weaknesses in its governance practices, as it lacks several important policies, including a conflict of interest policy and a whistleblower policy, which are essential for enhancing organizational integrity.
Overall, while the Strom Thurmond Foundation showcases positive financial management and accountability, improvements in governance policies are recommended to bolster its operational transparency and trustworthiness further.
This AI summary has been generated from information found on Charity Navigator.
Is Strom Thurmond Foundation Inc legitimate?
Strom Thurmond Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Strom Thurmond Foundation 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $13,000
For more financial information, click here
Official website here: www.sites.google.com/site/stromthurmondfoundation
What is the mission statement of Strom Thurmond Foundation Inc?
The Strom Thurmond Foundation Inc's primary mission is centered around providing financial aid for underprivileged students in South Carolina. This is achieved through the granting of scholarships, enabling these individuals to pursue their higher education at in-state colleges, universities, vocational, and technical schools. The foundation's purpose extends over a period of four years, offering substantial support to deserving students throughout their undergraduate studies.
Official website here: www.sites.google.com/site/stromthurmondfoundation
Who is the CEO of Strom Thurmond Foundation Inc?
Lt Col John W Powell Jr is the Member of Strom Thurmond Foundation Inc.
Official website here: www.sites.google.com/site/stromthurmondfoundation
What is the revenue of Strom Thurmond Foundation Inc?
Strom Thurmond Foundation Inc's revenue in 2022 was $89,925.
Official website here: www.sites.google.com/site/stromthurmondfoundation
Who are the executives of Strom Thurmond Foundation Inc and what are their salaries?
The average compensation at Strom Thurmond Foundation Inc during 2022 was $13,000. There is 1 employee at Strom Thurmond Foundation Inc.
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Official website here: www.sites.google.com/site/stromthurmondfoundation
Where can I find the form 990 for Strom Thurmond Foundation Inc?
Strom Thurmond Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sites.google.com/site/stromthurmondfoundation
Learn more at the official website: www.sites.google.com/site/stromthurmondfoundation
Mission Statement of Strom Thurmond Foundation Inc
The Strom Thurmond Foundation Inc is committed to providing financial aid in the form of scholarships to deserving, financially challenged individuals in South Carolina. This nonprofit organization's mission is centered around granting monetary assistance for undergraduate education. These scholarships are intended for students seeking to attend in-state colleges, universities, vocational, or technical schools. The scholarship aid is extended for a maximum duration of four years, allowing students ample time to complete their undergraduate education.
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Impact
October, 2024
Strom Thurmond Foundation Inc plays a significant role in enhancing educational opportunities for deserving students in South Carolina. By providing financial support through undergraduate scholarships, the foundation enables individuals from underprivileged backgrounds to pursue higher education at in-state colleges, universities, vocational, and technical schools. This assistance extends for a maximum of four years, ensuring that students can focus on their studies without the burden of financial strain. The foundation’s commitment to promoting educational access fosters empowerment and contributes to the development of a more educated workforce in South Carolina. Through these scholarships, it actively supports the growth and success of its recipients, positively impacting the community and the state as a whole.
This information is meant to be a general summary of Strom Thurmond Foundation 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: $89,925
- Gross Receipts: $295,294
Assets and Liabilities:
- Total Assets: $2,189,384
- Total Liabilities: $0
- Net Assets: $2,189,384
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Organization Details
Founding Year
1974
Phone
(803) 438-3857Principal Officer
Lt Col John W Powell Jr
Main Address
PO BOX 50214, Columbia, SC, 29250
NTEE Category
Code: B82 - Education
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