Overview
What is Sc Press Association Foundation?
The Sc Press Association Foundation, located at 106 Outlet Pointe Blvd, Columbia, SC 29210, is a nonprofit organization dedicated to providing charitable and educational services for the news industry. Their primary focus includes offering direct college scholarships to junior and senior students, as well as internship awards. The foundation's mission is aligned with its activities, aiming to contribute positively to the news industry through its initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star Rating)
The SC Press Association Foundation has received a two-star rating from Charity Navigator, which indicates a moderate level of accountability and financial performance. The overall score is based solely on a single accountability and finance beacon, highlighting areas where the organization performs well and where improvements are needed.
One of the strengths of the foundation is its governance structure, as it boasts a fully independent board with 10 out of 10 members, indicating strong oversight. Additionally, the organization has demonstrated a low material diversion of assets and maintains a favorable liabilities to assets ratio at 21.77%. However, there are notable weaknesses, particularly in transparency, as vital policies related to conflicts of interest, whistleblower protection, and document retention are missing, which detracts from its accountability score.
The program expense ratio is relatively solid at 65.91%, suggesting that a majority of the funds are directed towards the organization's programs. However, the absence of essential policies and the listing of the website on the tax form indicates areas needing attention for better governance and transparency. Overall, while the SC Press Association Foundation shows commitment in certain areas, there is significant room for improvement to enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Sc Press Association Foundation legitimate?
Sc Press Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sc Press Association 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 Sc Press Association Foundation?
The Sc Press Association Foundation is dedicated to providing charitable and educational services specifically for the news industry. As part of its mission, the foundation offers direct college scholarships to junior and senior students, as well as internship awards, aiming to support and nurture talent within the field.
Who is the CEO of Sc Press Association Foundation?
Randall Savely is the Co-Exec Dire of Sc Press Association Foundation.
What is the revenue of Sc Press Association Foundation?
Sc Press Association Foundation's revenue in 2022 was $17,960.
Who are the executives of Sc Press Association Foundation and what are their salaries?
There 40 volunteers at Sc Press Association Foundation.
Here are 11 key members and their salaries:
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- Related: $91,417
- Other: $3,250
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- Related: $80,661
- Other: $2,910
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Where can I find the form 990 for Sc Press Association Foundation?
Sc Press Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sc Press Association Foundation
The Sc Press Association Foundation, a nonprofit organization, is dedicated to providing charitable and educational services specifically tailored to the news industry. Its mission is centered around offering direct college scholarships to junior and senior students, as well as awarding internship opportunities. This nonprofit aims to support and nurture talent within the journalism sector, providing the necessary resources and opportunities for young individuals to excel in their chosen field.
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Impact
August, 2024
The Sc Press Association Foundation impacts the news industry by directly providing college scholarships to juniors and seniors as well as internship awards, helping to support and develop future journalists. Its focus on education in journalism aims to cultivate the next generation of professionals in the field, contributing to the vitality and quality of news reporting. Through its charitable and educational services, the foundation plays a crucial role in fostering learning and growth within the news industry.
This information is meant to be a general summary of Sc Press Association 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.
- Gross Receipts: $46,875
Assets and Liabilities:
- Total Assets: $788,484
- Total Liabilities: $171,665
- Net Assets: $616,819
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Organization Details
Founding Year
1969
Phone
(803) 750-9561Principal Officer
Randall Savely
Main Address
106 OUTLET POINTE BLVD, COLUMBIA, SC, 29210
NTEE Category
Code: B03 - Education
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