Overview
What is Sam E Woods Scholarship Fund?
The Sam E Woods Scholarship Fund is a charitable organization, situated in Ridgeland, Mississippi, with an address at 1020 Highland Colony Parkway 200. Its primary mission is to establish and distribute scholarships at the University of Southern Mississippi. The fund aims to support worthy students enrolled in the university, allocating funds to aid their educational endeavors. The Sam E Woods Scholarship Fund serves as a vital resource for deserving students, providing them with financial assistance to pursue their academic goals at the University of Southern Mississippi.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Sam E Woods Scholarship Fund has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. With a score of 50%, the charity struggles mainly due to a lack of independent board members and missing essential governance policies such as conflict of interest and whistleblower protection.
One positive aspect of the organization is its strong program expense ratio, with 85.16% of its expenditures going directly toward its programs. However, the absence of transparency measures, such as not posting tax forms or board meeting minutes on its website and lacking necessary governance policies, raises questions about its operational integrity and oversight.
Overall, while the Sam E Woods Scholarship Fund demonstrates effective allocation of funds towards its mission, the critical gaps in governance and accountability may hinder public trust and confidence. It is essential for potential donors to consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Sam E Woods Scholarship Fund legitimate?
Sam E Woods Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sam E Woods Scholarship Fund 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: $10,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Sam E Woods Scholarship Fund?
The Sam E Woods Scholarship Fund's mission is to provide financial aid in the form of scholarships for deserving students at the University of Southern Mississippi. The primary objective of this fund is to distribute scholarships to these students, aiming to support their education and academic pursuits. The payments from the fund are allocated to worthy students, as designated by the university's president. This financial aid aims to make higher education more accessible and affordable for these students, thereby empowering them to further their education and achieve their academic goals.
Who is the CEO of Sam E Woods Scholarship Fund?
Regions Bank is the Trustee of Sam E Woods Scholarship Fund.
What is the revenue of Sam E Woods Scholarship Fund?
Sam E Woods Scholarship Fund's revenue in 2022 was $186,533.
Who are the executives of Sam E Woods Scholarship Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $10,989
- Related: $0
- Other: $0
Where can I find the form 990 for Sam E Woods Scholarship Fund?
Sam E Woods Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sam E Woods Scholarship Fund
The Sam E Woods Scholarship Fund, as stated in its mission, is committed to establishing and distributing scholarships at the University of Southern Mississippi. The primary objective of this organization is to provide funds that are subsequently used for the awarding of scholarships to deserving students enrolled at the University of Southern Mississippi. The president of the university plays a significant role in designating the worthy recipients of these scholarships.
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Impact
October, 2024
The Sam E Woods Scholarship Fund has a significant impact by providing essential financial support to deserving students at the University of Southern Mississippi. By establishing and distributing scholarships, the fund alleviates the financial burden of tuition and educational expenses, enabling students to focus on their studies and personal growth. The scholarship amounts are allocated to worthy candidates selected by the university's president, ensuring that the funds are used to support those who demonstrate need and merit. This direct financial assistance not only fosters access to higher education but also contributes to the overall development of the community by empowering the next generation of leaders and professionals.
This information is meant to be a general summary of Sam E Woods Scholarship Fund. 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: $136,533
- Gross Receipts: $539,984
Assets and Liabilities:
- Total Assets: $1,898,286
- Total Liabilities: $0
- Net Assets: $1,898,286
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Organization Details
Founding Year
1957
Phone
(601) 790-8158Principal Officer
Regions Bank
Main Address
1020 HIGHLAND COLONY PARKWAY 200, RIDGELAND, MS, 39157
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