Overview
What is Darcy Akers Scholarship Fund Inc?
The Darcy Akers Scholarship Fund is a compassionate nonprofit organization, situated in Ormond Beach, Florida. Their primary mission is to alleviate financial burdens for deserving students by offering educational scholarships. The scholarships are awarded based on various factors, such as academic merit, financial need, and personal interviews. Last year, the fund was honored to assist 14 students in their educational pursuits. The Darcy Akers Scholarship Fund strives to make higher education accessible and equitable for those in need.
Official website here: www.ormondrotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%
The Darcy Akers Scholarship Fund Inc has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The charity scored particularly well in areas such as board independence and financial health, with no material diversion of assets and a low liabilities to assets ratio of 0.09%. This indicates sound financial management, which is crucial for nonprofit sustainability.
However, the organization faces notable limitations due to the absence of key governance policies. The lack of a conflict of interest policy, whistleblower policy, and document retention and destruction policy resulted in significant deductions from their overall score. These gaps suggest that while the charity manages its finances effectively, there are areas in governance that require improvement to enhance overall transparency and accountability.
Despite these challenges, the Darcy Akers Scholarship Fund Inc demonstrates a commitment to its mission, as evidenced by a strong program expense ratio of over 80%. This indicates that a significant portion of its resources is dedicated to programmatic activities, aligning with its goal of providing scholarships. Addressing the noted governance deficiencies could further strengthen the charity's standing and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Darcy Akers Scholarship Fund Inc legitimate?
Darcy Akers Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Darcy Akers 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.ormondrotary.org
What is the mission statement of Darcy Akers Scholarship Fund Inc?
The Darcy Akers Scholarship Fund is a non-profit organization dedicated to providing educational scholarships to deserving students. They award scholarships based on various criteria such as academic performance, financial need, and personal interviews. Last year, 14 students benefited from these scholarships. The organization's mission is to support students in need, helping them pursue their educational goals and potentially shape their futures. By offering these scholarships, the Darcy Akers Scholarship Fund aims to make higher education more accessible and equitable.
Official website here: www.ormondrotary.org
Who is the CEO of Darcy Akers Scholarship Fund Inc?
John Walsh is the President/Di of Darcy Akers Scholarship Fund Inc.
Official website here: www.ormondrotary.org
What is the revenue of Darcy Akers Scholarship Fund Inc?
Darcy Akers Scholarship Fund Inc's revenue in 2022 was $71,278.
Official website here: www.ormondrotary.org
Who are the executives of Darcy Akers Scholarship Fund Inc and what are their salaries?
There 58 volunteers at Darcy Akers Scholarship Fund Inc.
Here are 9 key members and their salaries:
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Official website here: www.ormondrotary.org
Where can I find the form 990 for Darcy Akers Scholarship Fund Inc?
Darcy Akers Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ormondrotary.org
Learn more at the official website: www.ormondrotary.org
Mission Statement of Darcy Akers Scholarship Fund Inc
The Darcy Akers Scholarship Fund is a charitable organization dedicated to offering educational scholarships to deserving students in need. The scholarship criteria encompass various factors such as academic performance, financial situation, and personal interviews. Last year, 14 students benefited from these scholarships, demonstrating the organization's commitment to supporting the educational aspirations of its recipients. The Darcy Akers Scholarship Fund's mission is to provide financial assistance to students who may otherwise struggle to pursue their education due to financial constraints, thereby empowering them to achieve their academic goals and build a better future.
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Impact
August, 2024
The Darcy Akers Scholarship Fund Inc's impact is evident in the educational opportunities it provides to students in need. Through its scholarship program, the organization supports students based on various criteria such as class standing, grades, financial need, and personal interviews. Last year, 14 students were able to pursue their higher education with the help of scholarships from the Darcy Akers Scholarship Fund. This demonstrates the tangible support and positive impact the organization has on students striving for academic success.
This information is meant to be a general summary of Darcy Akers 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: $19,887
- Gross Receipts: $206,114
Assets and Liabilities:
- Total Assets: $1,092,034
- Total Liabilities: $1,018
- Net Assets: $1,091,016
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Organization Details
Phone
(386) 441-4195Principal Officer
John Walsh
Main Address
PO BOX 104, ORMOND BEACH, FL, 32175
Website
www.ormondrotary.orgNTEE Category
Code: B80Z - Education
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