Overview
What is Keith Koster Memorial Scholarship Fund Inc?
The Keith Koster Memorial Scholarship Fund Inc is a nonprofit organization that generously grants scholarships to deserving individuals. Their primary mission revolves around recognizing and supporting these individuals through their scholarship programs. By doing so, they contribute to the education of numerous beneficiaries. The organization's activities are geared towards offering financial assistance, thereby playing a significant role in furthering the academic pursuits of deserving candidates.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Keith Koster Memorial Scholarship Fund Inc has received a mixed evaluation from Charity Navigator, achieving a score of 73%. This rating highlights the organization’s strengths in areas such as having a fully independent board and a strong program expense ratio of 100%, indicating that all funds raised are directed towards its programs. Furthermore, the organization shows no liabilities against its assets, reflecting sound financial management.
Despite these positives, the organization faces some limitations that affect its overall rating. Notably, it lacks essential policies including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are crucial for transparency and accountability. Additionally, the failure to post the tax form on its website may raise concerns regarding accessibility and openness to stakeholders. Overall, while the organization demonstrates strong financial stewardship, improvements in governance practices could enhance its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Keith Koster Memorial Scholarship Fund Inc legitimate?
Keith Koster Memorial Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keith Koster Memorial 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.
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 Keith Koster Memorial Scholarship Fund Inc?
The Keith Koster Memorial Scholarship Fund's mission is centered around granting scholarships to deserving individuals. This is achieved through the organization's scholarship programs. Essentially, the fund aims to recognize and support individuals who demonstrate outstanding qualities, enabling them to pursue their educational goals. The Scholarship Fund does not specify the field of study or any other criteria, but it is clear that they prioritize recognizing and aiding deserving individuals in their academic pursuits.
Who is the CEO of Keith Koster Memorial Scholarship Fund Inc?
Richard Koster is the President of Keith Koster Memorial Scholarship Fund Inc.
What is the revenue of Keith Koster Memorial Scholarship Fund Inc?
Keith Koster Memorial Scholarship Fund Inc's revenue in 2022 was $7,037.
Who are the executives of Keith Koster Memorial Scholarship Fund Inc and what are their salaries?
There 5 volunteers at Keith Koster Memorial Scholarship Fund Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Keith Koster Memorial Scholarship Fund Inc?
Keith Koster Memorial Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Keith Koster Memorial Scholarship Fund Inc
The Keith Koster Memorial Scholarship Fund, named in honor of its benefactor, is dedicated to recognizing and rewarding deserving individuals through its scholarship programs. This nonprofit organization's mission is to provide financial aid to those who demonstrate outstanding academic potential and a strong commitment to their studies. By offering scholarships, the Keith Koster Memorial Scholarship Fund aims to support these individuals in achieving their educational goals and making a positive impact in their communities. The fund's scholarship programs not only help reduce the financial burden of higher education but also serve as a testament to the memory of Keith Koster and his belief in the power of education.
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Impact
August, 2024
The impact of the Keith Koster Memorial Scholarship Fund Inc is evident in the scholarships awarded to deserving individuals through its scholarship programs. Through the fund's efforts, individuals are provided with financial support to further their education, ultimately enabling them to achieve their academic and career goals. This support not only benefits the recipients directly but also has a broader impact on their communities and society as a whole by investing in the education and potential of promising individuals.
This information is meant to be a general summary of Keith Koster Memorial 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: $7,037
- Gross Receipts: $7,037
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2006
Phone
(978) 771-0834Principal Officer
Richard Koster
Main Address
68 SPOFFORD ROAD, BOXFORD, MA, 01921
NTEE Category
Code: B82 - Education
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