Overview
What is St Francis Memorial Scholarship Fund T/U/A?
The St. Francis Memorial Scholarship Fund T/U/A is a nonprofit organization based in Louisville, Kentucky. Their primary focus is to offer scholarships to parishioners of Saint Francis in the Fields. This financial aid is an integral part of their mission, which aims to have funds readily available for this purpose. The organization's activities are centered around this objective, having awarded scholarships to eleven individuals within their congregation. The specifics of the scholarship program, such as eligibility criteria or the amount awarded, are not detailed in the provided information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The St Francis Memorial Scholarship Fund has received a low rating, reflecting significant concerns regarding its accountability and financial practices. With a score of only 53%, the organization fails to demonstrate adequate transparency, particularly as it has no independent board members and lacks essential policies such as conflict of interest and whistleblower protections.
Despite these issues, the Fund exhibits a strong program expense ratio at 83.32%, indicating that a substantial portion of its resources is directed towards its mission-related activities. However, the absence of a website listed on its tax form and the failure to post key documents, such as meeting minutes and tax forms, raises red flags about its operational integrity.
Overall, while the organization shows a commitment to its programs, the lack of governance structures and transparency measures significantly undermines confidence in its stewardship of funds. Potential donors and stakeholders should consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is St Francis Memorial Scholarship Fund T/U/A legitimate?
St Francis Memorial Scholarship Fund T/U/A is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Francis Memorial Scholarship Fund T/U/A 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: $9,024
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of St Francis Memorial Scholarship Fund T/U/A?
The St. Francis Memorial Scholarship Fund T/U/A's mission is centered around making financial aid available to award scholarships to parishioners of St. Francis in the Fields. This organization's primary objective is to support the educational pursuits of its members by providing them with financial assistance. To date, the fund has awarded scholarships to eleven individuals from this particular parish.
Who is the CEO of St Francis Memorial Scholarship Fund T/U/A?
Unavailable
What is the revenue of St Francis Memorial Scholarship Fund T/U/A?
St Francis Memorial Scholarship Fund T/U/A's revenue in 2022 was $37,033.
Who are the executives of St Francis Memorial Scholarship Fund T/U/A and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $9,024
Where can I find the form 990 for St Francis Memorial Scholarship Fund T/U/A?
St Francis Memorial Scholarship Fund T/U/A's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Francis Memorial Scholarship Fund T/U/A
St. Francis Memorial Scholarship Fund T/U/A is a nonprofit organization dedicated to fulfilling its exempt purpose by having funds available to award scholarships to members of Saint Francis in the Fields Parish. The organization's mission is centered around providing financial aid for education, specifically to parishioners of Saint Francis in the Fields. By awarding scholarships, St. Francis Memorial Scholarship Fund T/U/A aims to support and empower individuals within its community, enabling them to pursue their academic goals and prospects for the future. As a result, eleven different Saint Francis in the Fields parishioners have benefited from these scholarships.
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Impact
August, 2024
St Francis Memorial Scholarship Fund T/U/A's impact is clear and direct - it provides financial support through scholarships to parishioners of Saint Francis in the Fields. By awarding scholarships to eleven different parishioners, this fund directly contributes to furthering their education and helping them achieve their academic goals. The impact of this support extends not only to the individual recipients but also to the community as a whole by investing in education and the future success of those associated with Saint Francis in the Fields.
This information is meant to be a general summary of St Francis Memorial Scholarship Fund T/U/A. 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: $37,033
- Gross Receipts: $145,357
Assets and Liabilities:
- Total Assets: $1,078,903
- Total Liabilities: $0
- Net Assets: $1,078,903
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Organization Details
Founding Year
1961
Phone
(502) 588-4125Main Address
PO BOX 32760, LOUISVILLE, KY, 402322760
NTEE Category
Code: B82 - Education
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