Overview
What is Memorial Scholarship Program Of?
The Memorial Scholarship Program of Freedom Village is a benevolent initiative, situated within their retirement community. This program aims to provide college scholarships to deserving and qualified associates on an academic term basis. Both academic and vocational scholarships are offered, with the scholarship funds directly credited to the student's chosen accredited educational institution. It is essential for recipients to utilize the scholarship solely for academic purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates that the Memorial Scholarship Program has room for improvement in its accountability and transparency practices. While the organization excels in several key areas, such as maintaining an independent board and having a strong program expense ratio, it has significant gaps in essential governance policies.
The organization has demonstrated financial responsibility, reflected in a liabilities to assets ratio of 0.00% and a high program expense ratio of 99.48%. This suggests that the majority of its expenditures are directed towards its mission-related activities, which is a positive aspect for potential donors. However, the absence of a conflict of interest policy, a whistleblower policy, and a document retention policy raises concerns about its governance practices.
Moreover, the charity's failure to list its website on its tax form and the missing documentation for various policies could lead to questions regarding transparency and accountability. These weaknesses could potentially hinder its ability to attract support from donors who prioritize strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Scholarship Program Of legitimate?
Memorial Scholarship Program Of is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Scholarship Program Of 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Memorial Scholarship Program Of?
The Memorial Scholarship Program of Freedom Village is dedicated to providing college scholarships to deserving and qualified individuals associated with their retirement community. The program offers both academic and vocational scholarship awards, which are paid directly to the chosen accredited school of the recipients. It is a stipulation that the scholarship funds are exclusively utilized for educational purposes. This initiative aims to support the higher education aspirations of its associates, thereby contributing to their personal and professional growth.
What is the revenue of Memorial Scholarship Program Of?
Memorial Scholarship Program Of's revenue in 2023 was $58,328.
Who are the executives of Memorial Scholarship Program Of and what are their salaries?
There 8 volunteers at Memorial Scholarship Program Of.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Memorial Scholarship Program Of?
Memorial Scholarship Program Of's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Memorial Scholarship Program Of
The Memorial Scholarship Program of Freedom Village is a mission-driven initiative dedicated to providing college scholarships to deserving and qualified associates of the retirement community. This program operates on an academic term basis, offering both academic and vocational scholarship awards. These scholarships are paid directly to the accredited school of the student's choice, ensuring that the funds are used exclusively for educational purposes. The program encourages its recipients to pursue their academic and vocational goals, contributing to their personal growth and future success. The Memorial Scholarship Program of Freedom Village is committed to investing in its community members, providing them with the financial assistance they need to further their education and build a brighter future for themselves.
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Impact
August, 2024
The Memorial Scholarship Program Of has made a significant impact by providing college scholarships to deserving and qualified associates of the retirement community. This program not only supports the academic and vocational aspirations of the recipients but also contributes to their personal and professional development. By directly paying the scholarship awards to accredited schools, the program ensures that the funds are utilized solely for educational purposes. Through its philanthropic efforts, the Memorial Scholarship Program Of is helping individuals pursue higher education and achieve their academic goals, ultimately making a positive difference in their lives and the community as a whole.
This information is meant to be a general summary of Memorial Scholarship Program Of. 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 2023.
- Investment Income: $6,684
- Gross Receipts: $58,328
Assets and Liabilities:
- Total Assets: $747,740
- Total Liabilities: $0
- Net Assets: $747,740
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Organization Details
Founding Year
1995
Principal Officer
Helga Sotiriou
NTEE Category
Code: T30 - Philanthropy
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