Overview
What is Marvin E Jones Education Trust?
The Marvin E Jones Education Trust is a nonprofit organization situated in Live Oak, Florida. Its primary focus is on offering financial aid through scholarships to college students hailing from Suwanee County, Florida. Additionally, the trust extends its support to the daycare and summer camp programs of the Advent Christian Village, contributing a substantial sum annually. The trust's purpose is to contribute to the education and development of young individuals in its local community.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
The Marvin E Jones Education Trust has achieved a Three-Star rating from Charity Navigator, indicating a robust level of accountability and financial health. With an overall score of 83%, the organization demonstrates strong governance practices, including a fully independent board and no reported material diversion of assets. Its program expense ratio of 81.45% suggests a significant commitment to its educational mission.
However, there are noted limitations in its policies, particularly the absence of a whistleblower policy and documentation retention and destruction policies, which could affect transparency and operational integrity. While the board meeting minutes are documented, the lack of these critical policies points to areas for potential improvement.
Overall, the Marvin E Jones Education Trust shows promise in managing its resources effectively and adhering to a strong governance framework, yet it would benefit from bolstering its policy framework to enhance its accountability practices further.
This AI summary has been generated from information found on Charity Navigator.
Is Marvin E Jones Education Trust legitimate?
Marvin E Jones Education Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marvin E Jones Education Trust 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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Other Salaries and Wages: $0
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Official website here: www.none
What is the mission statement of Marvin E Jones Education Trust?
The Marvin E Jones Education Trust's mission is centered around providing financial assistance. Specifically, it offers scholarships to college students and awards for day care and summer youth programs within its scope. In 2022, the trust disbursed scholarships amounting to $55,083 to deserving students. Furthermore, it contributes an additional $5,000 each to the day care and summer camp programs of the Advent Christian Village. The Trust's primary objective is to support the education and development of these individuals, thereby contributing to their future prospects.
Official website here: www.none
Who is the CEO of Marvin E Jones Education Trust?
Robert Jones is the Trustee of Marvin E Jones Education Trust.
Official website here: www.none
What is the revenue of Marvin E Jones Education Trust?
Marvin E Jones Education Trust's revenue in 2022 was $42,808.
Official website here: www.none
Who are the executives of Marvin E Jones Education Trust and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Marvin E Jones Education Trust
The Marvin E Jones Education Trust, named after its founder, is committed to providing financial assistance to college students hailing from Suwanee County, Florida. Beyond this, the trust also contributes to the day care and summer youth programs of Advent Christian Village. This multi-faceted mission aims to support the educational pursuits of local students and enrich the experiences of children in the community, thereby contributing to their overall development. In 2022, the trust disbursed scholarships amounting to $55,083 to deserving college students. Furthermore, an additional $5,000 was contributed to the day care and summer camp programs of Advent Christian Village. This financial support is instrumental in helping these individuals pursue their educational goals and ensuring that children in the community have access to enriching summer activities.
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Impact
October, 2024
The Marvin E. Jones Education Trust significantly impacts the community by providing financial support for higher education and youth programs. In 2022 alone, it awarded scholarships totaling $55,083 to college students from Suwannee County, Florida, enhancing their opportunities for academic growth and success. Additionally, it contributed $5,000 each to the day care and summer youth programs at Advent Christian Village, fostering early childhood education and recreational activities for local children. This dual focus on scholarships and youth program support helps to create a well-rounded educational environment, nurturing the potential of both current students and younger generations in the area.
This information is meant to be a general summary of Marvin E Jones Education Trust. 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: $42,808
- Gross Receipts: $1,467,825
Assets and Liabilities:
- Total Assets: $2,154,176
- Total Liabilities: $0
- Net Assets: $2,154,176
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Organization Details
Founding Year
1989
Principal Officer
Robert Jones
Main Address
PO BOX 4327, LIVE OAK, FL, 32064
Website
www.noneNTEE Category
Code: B82 - Education
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