Overview
What is Opha Miller Foundation?
The Opha Miller Foundation, situated in Birmingham, Alabama, is a nonprofit organization that primarily focuses on awarding scholarships to students attending Union University in Jackson, Tennessee. Their mission is centered around distributing the entire net income of their trust to support Union University. The foundation's primary activity is directly linked to its mission, which involves providing financial aid to deserving students, contributing to the educational growth and development of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
The Opha Miller Foundation has received a one-star rating from Charity Navigator, reflecting an overall score of 50%. This rating is derived solely from its Accountability & Finance score, which indicates significant room for improvement in transparency and governance practices. While the foundation demonstrates some strengths, such as the lack of material diversion of assets and a well-composed independent board, critical policies like conflict of interest, whistleblower, and document retention are missing, which adversely affect its score.
The foundation's fiscal management reveals a program expense ratio of 51.37%, suggesting that a little over half of its expenses are directed toward its programs. However, this low scoring in program expenses has contributed to its overall rating, as the organization fails to meet certain benchmarks in accountability practices. Additionally, the absence of its website link on its tax form and the failure to post relevant documents diminish its transparency.
Although the board shows a commendable level of independence, the lack of essential policies and the low program expense ratio point to weaknesses that could hinder trust and credibility with potential donors. Addressing these gaps could significantly enhance the foundation's standing and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Opha Miller Foundation legitimate?
Opha Miller Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opha Miller Foundation 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: $17,901
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Opha Miller Foundation?
The Opha Miller Foundation's mission is centered around distributing the entire net income of its trust. This financial support is intended for Union University, contributing to the educational pursuits of its students. The foundation's primary goal is to aid students attending Union University in Jackson, Tennessee, through the provision of scholarship awards.
Who is the CEO of Opha Miller Foundation?
Regions Bank is the Principal Officer of Opha Miller Foundation.
What is the revenue of Opha Miller Foundation?
Opha Miller Foundation's revenue in 2022 was $90,197.
Who are the executives of Opha Miller Foundation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $17,901
- Related: $0
- Other: $0
- Compensation: $0
- Related: $367,271
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Opha Miller Foundation?
Opha Miller Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Opha Miller Foundation
The Opha Miller Foundation, named after its benefactor, is committed to distributing its entire net income in support of Union University. In line with this mission, the foundation provides scholarship awards to students attending Union University in Jackson, Tennessee. By offering financial aid, the Opha Miller Foundation empowers deserving students to pursue their education and achieve their academic goals, contributing to the broader community and society.
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Impact
October, 2024
The Opha Miller Foundation significantly impacts students pursuing education at Union University in Jackson, TN, by providing scholarship awards that alleviate financial burdens. By distributing the entire net income of its trust, the foundation directly supports the academic aspirations of many students, fostering accessibility and opportunity in higher education. This commitment to investing in the educational journeys of individuals contributes to a stronger, more educated community and empowers the next generation of leaders and professionals. Through its financial assistance, the Opha Miller Foundation plays a crucial role in enhancing the educational landscape and the overall success of its beneficiaries.
This information is meant to be a general summary of Opha Miller Foundation. 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: $90,197
- Gross Receipts: $768,165
Assets and Liabilities:
- Total Assets: $1,163,000
- Total Liabilities: $0
- Net Assets: $1,163,000
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Organization Details
Founding Year
1997
Phone
(205) 820-3141Principal Officer
Regions Bank
Main Address
P O BOX 11647, BIRMINGHAM, AL, 35202
NTEE Category
Code: B110 - Education
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