Overview
What is Scholarship Foundation Of New Orleans?
The Scholarship Foundation of New Orleans is a nonprofit organization situated in New Orleans, Louisiana. Their primary mission is to provide financial assistance in the form of scholarships and enrichment grants to deserving students, enabling them to pursue higher education. Additionally, the foundation offers tuition for summer cultural activities and day camps to underprivileged students, enriching their lives and broadening their horizons. By offering these opportunities, the Scholarship Foundation of New Orleans strives to empower and uplift the youth in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating
The Scholarship Foundation of New Orleans has received an 84% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a fully independent board, with 100% of its members meeting this criterion. Additionally, it has a strong track record in managing its assets without any material diversions, and it complies with excellent governance practices, including a whistleblower policy and a documentation retention policy.
Strengths of the foundation include a high program expense ratio of 80.92%, suggesting that a significant portion of its funds is directed towards its mission of supporting scholarships. The low liabilities to assets ratio of 0.04% also reflects a strong financial position, giving stakeholders confidence in its fiscal health.
However, while the foundation demonstrates good governance and financial management, further information on its impact metrics could enhance understanding of its overall effectiveness in fulfilling its mission. Overall, the foundation appears to be a trustworthy organization dedicated to educational support in the New Orleans area.
This AI summary has been generated from information found on Charity Navigator.
Is Scholarship Foundation Of New Orleans legitimate?
Scholarship Foundation Of New Orleans is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarship Foundation Of New Orleans 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: $0
Other Salaries and Wages: $0
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What is the mission statement of Scholarship Foundation Of New Orleans?
The Scholarship Foundation of New Orleans' mission is centered around providing educational opportunities for students. Specifically, they offer scholarships to college-bound students and enrichment grants for summer cultural activities and day camps for underprivileged students. By doing so, their aim is to empower these students, enabling them to pursue their education and engage in enriching experiences. The foundation serves as a source of support, helping students overcome financial barriers and providing them with the tools necessary to succeed in their academic endeavors.
Who is the CEO of Scholarship Foundation Of New Orleans?
Gail Glapion is the Managing Director of Scholarship Foundation Of New Orleans.
What is the revenue of Scholarship Foundation Of New Orleans?
Scholarship Foundation Of New Orleans's revenue in 2022 was $169,025.
Who are the executives of Scholarship Foundation Of New Orleans and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Scholarship Foundation Of New Orleans?
Scholarship Foundation Of New Orleans's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Scholarship Foundation Of New Orleans
The Scholarship Foundation of New Orleans, as its name suggests, is an organization dedicated to providing scholarships and enrichment grants to students in need. Their mission is centered around offering financial aid to college-bound students, enabling them to pursue higher education. Additionally, the foundation extends its generosity to enrichment programs, providing tuition for summer cultural activities and day camps for underprivileged students. By doing so, the Scholarship Foundation of New Orleans aims to broaden the horizons of these students, ensuring they have access to educational opportunities that may otherwise be out of reach. This commitment to fostering academic growth and personal enrichment is at the heart of the foundation's mission.
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Impact
October, 2024
The Scholarship Foundation of New Orleans plays a pivotal role in enhancing educational opportunities for students in the community. By providing scholarships to college-bound individuals, the foundation empowers students to pursue higher education, ultimately contributing to their personal and professional growth. Additionally, the enrichment grants facilitate access to cultural activities and day camps, particularly for underprivileged students, enriching their learning experiences outside of the traditional classroom setting. This support not only aids in academic advancement but also fosters a well-rounded development, helping to break cycles of poverty and instill a greater sense of hope and possibility among young people in New Orleans. The foundation’s commitment to education and enrichment significantly impacts the lives of many, helping to build a brighter future for the community.
This information is meant to be a general summary of Scholarship Foundation Of New Orleans. 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: $169,025
- Gross Receipts: $169,025
Assets and Liabilities:
- Total Assets: $1,098,551
- Total Liabilities: $0
- Net Assets: $1,098,551
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Organization Details
Founding Year
1992
Phone
(504) 452-4446Principal Officer
Gail Glapion
Main Address
PO BOX 871812, NEW ORLEANS, LA, 70187
NTEE Category
Code: B820 - Education
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