Overview
What is The Scholarship Foundation Of Robertson County?
The Scholarship Foundation of Robertson County is a nonprofit organization located in Springfield, Tennessee. Its primary mission is to provide financial assistance to local residents seeking higher education, both at colleges, universities, and vocational schools. In the current year, they awarded scholarships totaling $40,050, with an additional $5,950 from the previous year remaining unclaimed. Their work is centered around offering scholarships based on both need and merit, aiming to support the educational aspirations of Robertson County residents. Overall, the foundation has disbursed a net amount of $34,100 in scholarships, contributing to the educational growth of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while The Scholarship Foundation Of Robertson County demonstrates some strengths in accountability and finance, there are areas that require improvement. A score of 73 suggests that the organization has met basic standards but falls short of excellence in transparency and governance practices.
The foundation excels in several key areas, including a fully independent board and effective management of its assets, with a low liabilities to assets ratio. Additionally, the program expense ratio is commendable at 76.67%, indicating a strong focus on its charitable mission. However, the lack of certain essential policies, such as a conflict of interest policy and a whistleblower policy, raises concerns about governance and risk management.
On the transparency front, the organization has notable gaps, particularly with its website not being listed on the tax form and failure to post important documents like its tax form online. These deficiencies in communication and documentation can hinder public trust and awareness. Overall, while The Scholarship Foundation Of Robertson County displays certain positive attributes, its effectiveness could be significantly enhanced by addressing these transparency and governance shortcomings.
This AI summary has been generated from information found on Charity Navigator.
Is The Scholarship Foundation Of Robertson County legitimate?
The Scholarship Foundation Of Robertson County is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Scholarship Foundation Of Robertson County 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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What is the mission statement of The Scholarship Foundation Of Robertson County?
The Scholarship Foundation's mission is centered around providing financial aid for post-secondary education to deserving individuals residing in Robertson County. This is done on the basis of both merit and financial need. In the current year, the foundation has awarded scholarships totaling $40,050 to attend colleges, universities, and vocational schools. Notably, there were unclaimed scholarships worth $5,950 from the previous year, with a net disbursed amount of $34,100.
What is the revenue of The Scholarship Foundation Of Robertson County?
The Scholarship Foundation Of Robertson County's revenue in 2024 was $223,783.
Who are the executives of The Scholarship Foundation Of Robertson County and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for The Scholarship Foundation Of Robertson County?
The Scholarship Foundation Of Robertson County's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Scholarship Foundation Of Robertson County
The Scholarship Foundation of Robertson County, in its mission, aims to extend financial aid to residents of Robertson County who are pursuing post-secondary education. This nonprofit organization provides scholarships based on a combination of need and merit, ensuring that deserving individuals have the opportunity to attend colleges, universities, and vocational schools. In the current year, the foundation has disbursed a substantial amount of $40,050 in scholarships. However, there are also unclaimed scholarships from the previous year, totaling $5,950. When considering the net disbursed amount, the foundation has successfully awarded a total of $34,100 in scholarships to worthy recipients, contributing significantly to their educational journeys.
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Impact
October, 2024
The Scholarship Foundation of Robertson County significantly impacts the community by making post-secondary education accessible to residents. By providing scholarships based on need and merit, the foundation enables individuals to pursue their educational goals, whether at colleges, universities, or vocational schools.
In the most recent year, the foundation awarded a total of $40,050 in scholarships, facilitating opportunities for numerous students who might otherwise face financial barriers. The distribution of these funds fosters educational attainment within Robertson County, enriching the local workforce and contributing to community development. The foundation's commitment to education not only empowers individuals but also strengthens the community as a whole by cultivating a more educated population, capable of driving economic growth and social progress.
This information is meant to be a general summary of The Scholarship Foundation Of Robertson County. 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 2024.
- Investment Income: $191,572
- Gross Receipts: $223,783
Assets and Liabilities:
- Total Assets: $1,092,502
- Total Liabilities: $40,051
- Net Assets: $1,052,451
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Organization Details
Founding Year
1995
Principal Officer
Ervin Brown
NTEE Category
Code: B82 - Education
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