Overview
What is Damon Patricia Scholarship - Uma 1045000905?
The Damon Patricia Scholarship - Uma 1045000905 is a merit-based scholarship fund, specifically designed for undergraduate students at Carleton College located in Northfield, Minnesota. This nonprofit organization aims to support academically talented individuals by providing them with financial aid for their higher education. The exact location of this scholarship fund is at 230 Front Street North, La Crosse, Wisconsin.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Star rating)
The Damon Patricia Scholarship has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The organization has not demonstrated a commitment to having an independent board, with 0% of board members being independent, which raises questions about governance and oversight. Additionally, key policies, such as conflict of interest and whistleblower policies, are missing, potentially compromising transparency.
Despite these shortcomings, the organization does exhibit some positive financial metrics. It has a high program expense ratio of 78.14%, suggesting that a substantial portion of its funds is directed towards its intended charitable programs. Furthermore, there are no reported material diversions of assets, indicating a level of financial integrity in terms of asset management.
However, the absence of critical governance documents and a lack of independent oversight are notable limitations that could affect donor trust. The charity's website is also lacking essential information, such as its tax form, which is a crucial resource for transparency. Overall, while the Damon Patricia Scholarship shows a commitment to its programs, significant improvements are needed in governance and accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Damon Patricia Scholarship - Uma 1045000905 legitimate?
Damon Patricia Scholarship - Uma 1045000905 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Damon Patricia Scholarship - Uma 1045000905 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: $30,974
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Damon Patricia Scholarship - Uma 1045000905?
The Damon Patricia Scholarship, identified by the code Uma 1045000905, is committed to providing merit-based scholarship funds for undergraduate students attending Carleton College. Its mission is centered around financially supporting academically exceptional students during their undergraduate studies. The scholarship aims to contribute to the educational journey of these students, enabling them to fully utilize their potential and pursue their academic aspirations. The scholarship's objective is to recognize and reward merit, thereby providing opportunities for deserving students to excel in their academic pursuits.
Who is the CEO of Damon Patricia Scholarship - Uma 1045000905?
Trust Point Inc is the Trustee of Damon Patricia Scholarship - Uma 1045000905.
What is the revenue of Damon Patricia Scholarship - Uma 1045000905?
Damon Patricia Scholarship - Uma 1045000905's revenue in 2022 was $12,014.
Who are the executives of Damon Patricia Scholarship - Uma 1045000905 and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $25,974
- Related: $0
- Other: $0
Where can I find the form 990 for Damon Patricia Scholarship - Uma 1045000905?
Damon Patricia Scholarship - Uma 1045000905's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Damon Patricia Scholarship - Uma 1045000905
The Damon Patricia Scholarship, identified by the code Uma 1045000905, is dedicated to providing merit-based scholarship funds for undergraduate students at Carleton College, located in Northfield, Minnesota. This nonprofit organization's mission is to contribute financially to the education of talented and deserving students who are currently enrolled in Carleton College. By offering these scholarships, the Damon Patricia Scholarship aims to support the academic pursuits of these students, enabling them to succeed in their university studies and ultimately, in their chosen careers.
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Impact
October, 2024
The Damon Patricia Scholarship directly impacts undergraduate students at Carleton College in Northfield, MN, by providing them with vital merit scholarship funds. This financial support alleviates the burden of tuition costs, enabling students to focus more on their studies and engage fully in campus life.
By awarding scholarships based on merit, the program encourages academic excellence and recognizes the hard work and achievements of students. This not only motivates recipients but also fosters a competitive and enriching academic environment at Carleton College. Moreover, these scholarships can enhance diversity by attracting a wider range of applicants who may not otherwise have the financial means to attend such a prestigious institution.
In addition to supporting individual students, the Damon Patricia Scholarship helps strengthen the overall educational mission of Carleton College, ensuring that talent is nurtured and that deserving scholars have access to quality higher education. Ultimately, the scholarship plays a crucial role in shaping the future of its recipients, empowering them to pursue their academic and career aspirations.
This information is meant to be a general summary of Damon Patricia Scholarship - Uma 1045000905. 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: $12,014
- Gross Receipts: $2,310,299
Assets and Liabilities:
- Total Assets: $3,783,847
- Total Liabilities: $0
- Net Assets: $3,783,847
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Organization Details
Founding Year
2002
Phone
(608) 782-1148Principal Officer
Trust Point Inc
Main Address
230 FRONT STREET NORTH, LA CROSSE, WI, 54601
NTEE Category
Code: B11 - Education
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