Overview
What is Stubbs Educational Foundation Inc?
Stubbs Educational Foundation Inc is a nonprofit organization that offers music scholarships to students in grades K through 12. With a strong focus on supporting those in need, at least 70% of the scholarships provided by this organization are based on financial requirements. The remaining scholarships are awarded based on merit, reflecting the foundation's commitment to recognizing academic excellence in music. The foundation's mission is to empower young musicians and foster their growth in the field of music education.
Official website here: www.stubbs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%
The Stubbs Educational Foundation Inc has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. With an overall score of 90%, this rating indicates that the organization is effectively managing its resources to fulfill its mission.
Strengths of the foundation include its 100% independent board, demonstrating a robust governance structure. The organization has scored perfectly in various categories, such as having no material diversion of assets and maintaining a strong program expense ratio of 80.47%, which shows that a significant portion of its resources is directed towards its educational initiatives. Additionally, policies for conflict of interest and whistleblowing are in place, enhancing its operational transparency.
However, while the foundation appears to excel in many areas, further information about its specific programs and their impact could provide a more comprehensive view of its effectiveness. Nonetheless, the strong accountability score and governance practices position the Stubbs Educational Foundation as a reliable nonprofit focused on educational advancement.
This AI summary has been generated from information found on Charity Navigator.
Is Stubbs Educational Foundation Inc legitimate?
Stubbs Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stubbs Educational 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.stubbs.org
What is the mission statement of Stubbs Educational Foundation Inc?
The Stubbs Educational Foundation Inc's mission is centered around providing music scholarships for students in grades K to 12. At least 70% of these scholarships are awarded based on financial need, while the remaining scholarships are merit-based. The foundation's objective is to support talented and financially disadvantaged students in pursuing their musical education. The scholarships aim to foster musical talent and provide equal opportunities for students to excel in music, regardless of their financial background. The foundation believes in the power of music and its ability to enrich lives and promote personal growth.
Official website here: www.stubbs.org
What is the revenue of Stubbs Educational Foundation Inc?
Stubbs Educational Foundation Inc's revenue in 2023 was $13,159.
Official website here: www.stubbs.org
Who are the executives of Stubbs Educational Foundation Inc and what are their salaries?
There 4 volunteers at Stubbs Educational Foundation Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.stubbs.org
Where can I find the form 990 for Stubbs Educational Foundation Inc?
Stubbs Educational Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.stubbs.org
Learn more at the official website: www.stubbs.org
Mission Statement of Stubbs Educational Foundation Inc
Stubbs Educational Foundation Inc is committed to providing music scholarships for students in grades K to 12. The organization ensures that at least 70% of these scholarships are awarded based on financial need, while the remaining scholarships are granted based on merit. By doing so, the foundation aims to make music education accessible and equitable for a wide range of students, regardless of their financial circumstances. The scholarships provided by Stubbs Educational Foundation Inc can greatly impact the lives of these students, enabling them to pursue their passion for music and potentially opening up opportunities for further education and careers in the field. The foundation's mission is a testament to its dedication to fostering talent and nurturing the next generation of musicians.
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Impact
August, 2024
Stubbs Educational Foundation Inc's impact lies in providing music scholarships for students in grades K to 12. With a focus on financial need, at least 70% of the scholarships are allocated based on need, while the remainder are awarded based on merit. This initiative enables students to access music education opportunities that may have otherwise been out of reach, fostering their talent and passion for music regardless of their financial situation. By supporting young musicians in this way, Stubbs Educational Foundation Inc contributes to promoting equity and opportunity in arts education for students in Tallahassee, Florida.
This information is meant to be a general summary of Stubbs Educational 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 2023.
- Investment Income: $6,116
- Gross Receipts: $13,159
Assets and Liabilities:
- Total Assets: $365,347
- Total Liabilities: $1,200
- Net Assets: $364,147
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Organization Details
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