Overview
What is Scholarship Foundation Of Indian River County Inc?
The Scholarship Foundation of Indian River County Inc., located in Vero Beach, Florida, is a nonprofit organization dedicated to empowering local students with a passion for higher education. By offering multi-year scholarships, this foundation provides financial aid to deserving Indian River County students, encouraging their pursuit of post-secondary education. In 2022, the foundation awarded a total of $492,849 to 114 new and returning students, with scholarship amounts ranging from $1,000 to $7,500. The Scholarship Foundation of Indian River County Inc. is committed to offering renewable scholarships to students who consistently meet academic and paperwork requirements, thereby aiding their academic journey and fostering success. With a small team of just two employees, this organization's mission is to provide hope and encouragement to students in need, helping them surmount financial barriers to higher education.
Official website here: www.sfindianriver.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Scholarship Foundation of Indian River County Inc has received a Three-Star rating from Charity Navigator, reflecting a strong overall performance in various assessment categories. With an impressive Accountability & Finance score of 92, the organization demonstrates effective financial management and transparency, indicating that it uses donations wisely to support its mission effectively.
The foundation's Impact & Measurement score of 80 showcases its commitment to assessing the outcomes of its programs, while an exemplary score of 100 in Culture & Community signifies a robust engagement and positive reputation within the community. Notably, for every dollar spent, the organization is able to increase a recipient's income between $0.85 and $1.50, highlighting its efficiency in scholarship distribution.
However, while the organization excels in many areas, it is essential to consider the challenges it may face, even though specific limitations were not detailed in the data. Overall, the Scholarship Foundation of Indian River County Inc demonstrates a strong capability in fulfilling its mission and serving its scholarship recipients.
This AI summary has been generated from information found on Charity Navigator.
Is Scholarship Foundation Of Indian River County Inc legitimate?
Scholarship Foundation Of Indian River County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarship Foundation Of Indian River County 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:
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Other Salaries and Wages: $90,826
For more financial information, click here
Official website here: www.sfindianriver.org
What is the mission statement of Scholarship Foundation Of Indian River County Inc?
The Scholarship Foundation of Indian River County Inc's mission is centered around providing hope, encouragement, and need-based scholarships to students in Indian River County who demonstrate the desire and ability to excel in post-secondary education. The foundation's primary goal is to support these students financially, thereby enabling them to pursue higher education. In 2022, the foundation awarded a total of 492,849 dollars in scholarships, ranging from 1,000 to 7,500, to 114 new and returning students. Additionally, the foundation made new scholarship awards totaling 664,730 dollars to 40 students in the graduating class of 2022, demonstrating their commitment to educational support.
Official website here: www.sfindianriver.org
Who is the CEO of Scholarship Foundation Of Indian River County Inc?
Jonathan Sternberg is the President of Scholarship Foundation Of Indian River County Inc.
Official website here: www.sfindianriver.org
What is the revenue of Scholarship Foundation Of Indian River County Inc?
Scholarship Foundation Of Indian River County Inc's revenue in 2022 was $1,131,720.
Official website here: www.sfindianriver.org
Who are the executives of Scholarship Foundation Of Indian River County Inc and what are their salaries?
The average compensation at Scholarship Foundation Of Indian River County Inc during 2022 was $45,413. There are 2 employees and 100 volunteers at Scholarship Foundation Of Indian River County Inc.
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Official website here: www.sfindianriver.org
Where can I find the form 990 for Scholarship Foundation Of Indian River County Inc?
Scholarship Foundation Of Indian River County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sfindianriver.org
Learn more at the official website: www.sfindianriver.org
Mission Statement of Scholarship Foundation Of Indian River County Inc
The Scholarship Foundation of Indian River County Inc is dedicated to providing hope and encouragement to students in Indian River County who demonstrate the desire and capability to excel in post-secondary education. The organization's mission is to award need-based scholarships to these students, thereby enabling them to pursue their academic goals. In 2022, the foundation disbursed a total of 492,849 dollars in scholarships, ranging from 1,000 to 7,500, to 114 new and returning students. Moreover, the foundation made new awards totaling 664,730 dollars to 40 students in the class of 2022. The Scholarship Foundation of Indian River County Inc plays a significant role in supporting the educational aspirations of its students, providing them with the financial assistance they need to succeed in their post-secondary education.
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Impact
July, 2024
The Scholarship Foundation of Indian River County Inc makes a significant impact by providing hope, encouragement, and need-based scholarships to Indian River County students who have the desire and ability to succeed in post-secondary education. In 2022, they awarded a total of $492,849 in scholarships, ranging from $1,000 to $7,500, to 114 new and returning students. Additionally, they made new awards totaling $664,730 to 40 students in the class of 2022. Through their efforts, the Foundation is helping to support students in pursuing their academic dreams and building a brighter future for themselves and their community.
This information is meant to be a general summary of Scholarship Foundation Of Indian River County 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: $512,886
- Gross Receipts: $5,227,353
Assets and Liabilities:
- Total Assets: $11,756,172
- Total Liabilities: $169,285
- Net Assets: $11,586,887
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Organization Details
Founding Year
1999
Phone
(772) 569-9869Principal Officer
Jonathan Sternberg
Main Address
PO BOX 1820, VERO BEACH, FL, 32961
Website
www.sfindianriver.orgNTEE Category
Code: B82 - Education
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