Overview
What is Single Parent Scholarship Fund Of Northwest Arkansas Inc?
Single Parent Scholarship Fund of Northwest Arkansas Inc, situated in Bentonville, Arkansas, is a nonprofit organization dedicated to empowering single parents to achieve self-sufficiency. They accomplish this by providing scholarship grants to qualified individuals seeking post-secondary education. With a team of 14 employees, their mission is deeply rooted in supporting single parents in their academic pursuits, ultimately aiming to enhance their financial stability and overall well-being.
Official website here: www.spsfnwa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
The Single Parent Scholarship Fund of Northwest Arkansas Inc has achieved a high rating of 93% from Charity Navigator, signifying its effective management and strong financial health. With a notable Accountability & Finance score of 83%, the organization demonstrates a commitment to transparency and responsible financial practices, showing a low liabilities to assets ratio and a significant working capital ratio. This indicates that the organization is well-equipped to sustain its operations and fulfill its mission.
The organization excels particularly in its Culture & Community score of 97, highlighting its strong engagement with the community and robust feedback mechanisms. They have achieved perfect scores in feedback collection and usage, showcasing their dedication to incorporating stakeholder input into their programs. Additionally, their equity strategies reflect a proactive approach to inclusivity, demonstrating a strong commitment to addressing the needs of single parents in Northwest Arkansas.
While the organization shows a positive program expense ratio of 61.47%, there may still be room for improvement in maximizing funds directly allocated to programs versus administrative costs. Nevertheless, the impressive metrics indicate a well-functioning nonprofit that is positively impacting the lives of single parents in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Single Parent Scholarship Fund Of Northwest Arkansas Inc legitimate?
Single Parent Scholarship Fund Of Northwest Arkansas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Single Parent Scholarship Fund Of Northwest Arkansas Inc 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: $0
Professional Fundraising Fees: $6,529
Other Salaries and Wages: $767,098
For more financial information, click here
Official website here: www.spsfnwa.org
What is the mission statement of Single Parent Scholarship Fund Of Northwest Arkansas Inc?
The Single Parent Scholarship Fund of Northwest Arkansas has a mission to aid single parents in achieving self-sufficiency. This is accomplished through providing post-secondary education scholarships to qualified and selected individuals. By offering this support, the fund aims to empower single parents to build a secure future for themselves and their families. The organization's activities primarily focus on granting scholarships, which can help single parents pursue further education and improve their financial stability.
Official website here: www.spsfnwa.org
Who is the CEO of Single Parent Scholarship Fund Of Northwest Arkansas Inc?
Tyler Clark is the Executive Di of Single Parent Scholarship Fund Of Northwest Arkansas Inc.
Official website here: www.spsfnwa.org
What is the revenue of Single Parent Scholarship Fund Of Northwest Arkansas Inc?
Single Parent Scholarship Fund Of Northwest Arkansas Inc's revenue in 2022 was $2,762,215.
Official website here: www.spsfnwa.org
Who are the executives of Single Parent Scholarship Fund Of Northwest Arkansas Inc and what are their salaries?
The average compensation at Single Parent Scholarship Fund Of Northwest Arkansas Inc during 2022 was $54,793. There are 14 employees and 112 volunteers at Single Parent Scholarship Fund Of Northwest Arkansas Inc.
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Official website here: www.spsfnwa.org
Where can I find the form 990 for Single Parent Scholarship Fund Of Northwest Arkansas Inc?
Single Parent Scholarship Fund Of Northwest Arkansas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spsfnwa.org
Learn more at the official website: www.spsfnwa.org
Mission Statement of Single Parent Scholarship Fund Of Northwest Arkansas Inc
The Single Parent Scholarship Fund of Northwest Arkansas is committed to aiding single parents in their journey towards self-sufficiency. They accomplish this goal by providing educational opportunities through post-secondary education. By granting scholarships to eligible and deserving single parents, this organization empowers them to build a stronger future for themselves and their families.
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Impact
July, 2024
The impact of the Single Parent Scholarship Fund of Northwest Arkansas Inc is evident in the tangible support and opportunities it provides to single parents in the region. By offering scholarship grants to qualified and selected single parents, the organization enables these individuals to pursue post-secondary education, ultimately empowering them to become self-sufficient. This support not only benefits the individual recipients by enhancing their education and career prospects but also contributes to the broader goal of creating a stronger, more educated workforce within the community. Through its focus on education, the Single Parent Scholarship Fund positively impacts the lives of single parents and their families, fostering greater economic independence and opportunities for growth.
This information is meant to be a general summary of Single Parent Scholarship Fund Of Northwest Arkansas Inc. 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: $618,202
- Gross Receipts: $2,857,609
Assets and Liabilities:
- Total Assets: $12,105,552
- Total Liabilities: $162,832
- Net Assets: $11,942,720
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Organization Details
Founding Year
1984
Phone
(479) 935-4888Principal Officer
Tyler Clark
Main Address
2601 SW D STREET, BENTONVILLE, AR, 72712
Website
www.spsfnwa.orgNTEE Category
Code: B82 - Education
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