Overview
What is San Patricio Electric Education Trust?
San Patricio Electric Education Trust is a nonprofit organization situated in Sinton, Texas. Their primary mission is to grant educational scholarships to deserving students, aiding them in their pursuit of higher education. During the tax year, they disbursed a total of $50,500 in scholarships to 32 students, distributing funds in increments of $500 and $1,250 per semester. To be eligible, students must maintain a minimum of 12 semester hours and a GPA of 2.5 or higher in the previous semester. The Trust's purpose is to contribute to the education of its community members, fostering their growth and development.
Official website here: www.sanpatricioelectric.org/scholarship
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34%, Zero-Star out of Four Star rating. This low rating indicates significant concerns regarding the accountability and financial practices of San Patricio Electric Education Trust. The organization lacks independent board members, which raises questions about governance and oversight. Furthermore, essential policies such as conflict of interest, whistleblower procedures, and document retention are missing.
Despite some positive aspects, such as a good liabilities to assets ratio and no material diversion of assets, the overall score reflects a substantial deficiency in financial transparency and operational effectiveness. The program expense ratio is relatively low, which suggests that a majority of funds may not be directed toward the charity's intended educational programs.
In summary, while San Patricio Electric Education Trust has some strengths, the absence of independent oversight and critical policies severely limits its effectiveness. Potential donors and supporters should consider these factors when evaluating the charity's overall impact and reliability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about San Patricio Electric Education Trust?
90% of 31 reviewers on Facebook recommend the San Patricio Electric Education Trust. Here is a summary of their reviews:
The reviews reflect a generally positive sentiment towards the nonprofit. Many users appreciate the trust’s efforts in supporting educational initiatives, highlighting its commitment to fostering learning opportunities in the community. There is a consensus that the organization is making a meaningful impact, which resonates well with those who value educational support.
Despite the limited number of detailed comments, the overall endorsement indicates that the San Patricio Electric Education Trust is fulfilling its mission effectively. Users seem to feel confident in the trust's role in advancing education and providing valuable resources.
This AI summary has been generated from reviews found on Facebook.
Is San Patricio Electric Education Trust legitimate?
San Patricio Electric Education Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Patricio Electric Education Trust 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
For more financial information, click here
Official website here: www.sanpatricioelectric.org/scholarship
What is the mission statement of San Patricio Electric Education Trust?
The San Patricio Electric Education Trust is committed to providing educational scholarships to aid students in their pursuit of higher education. The organization's mission is to offer financial assistance in the form of scholarships, paid out in increments of $500 and $1250 per semester, to deserving students. To qualify for these scholarships, students are required to maintain a minimum of 12 semester hours and a minimum 2.5 grade point average for the previous semester. The trust's goal is to support the educational aspirations of students, thereby contributing to their personal and professional growth.
Official website here: www.sanpatricioelectric.org/scholarship
Who is the CEO of San Patricio Electric Education Trust?
Tom Mayo is the Trustee of San Patricio Electric Education Trust.
Official website here: www.sanpatricioelectric.org/scholarship
What is the revenue of San Patricio Electric Education Trust?
San Patricio Electric Education Trust's revenue in 2022 was $92,386.
Official website here: www.sanpatricioelectric.org/scholarship
Who are the executives of San Patricio Electric Education Trust and what are their salaries?
There 8 volunteers at San Patricio Electric Education Trust.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $10,200
- Other: $0
- Compensation: $0
- Related: $8,600
- Other: $0
- Compensation: $0
- Related: $7,200
- Other: $0
Official website here: www.sanpatricioelectric.org/scholarship
Where can I find the form 990 for San Patricio Electric Education Trust?
San Patricio Electric Education Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sanpatricioelectric.org/scholarship
Learn more at the official website: www.sanpatricioelectric.org/scholarship
Mission Statement of San Patricio Electric Education Trust
San Patricio Electric Education Trust, as its name suggests, is an organization dedicated to providing educational scholarships. Its mission is to support students in their pursuit of higher education. The trust offers scholarships to eligible students, with the amounts varying between $500 and $1,250 per semester. To receive these scholarships, students are required to maintain a minimum of 12 semester hours and a minimum grade point average of 2.5 for the previous semester. This commitment to academic excellence and financial assistance enables numerous students to further their education, thereby contributing to their personal growth and potential future contributions to society.
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Impact
October, 2024
The San Patricio Electric Education Trust significantly impacts higher education accessibility for students in the Sinton, TX area by providing financial support through scholarships. During the recent tax year, the organization awarded a total of $50,500 in scholarships to 32 students, distributing funds in increments of $500 and $1,250 per semester. This support helps students cover the costs associated with their education, allowing them to focus on their studies.
To receive these scholarships, students are required to maintain a minimum of 12 semester hours and uphold a GPA of at least 2.5 from the previous semester. This encourages not only enrollment but also academic performance, fostering a commitment to education and success among recipients. By facilitating access to higher education, the San Patricio Electric Education Trust plays a crucial role in empowering students to achieve their academic goals and enhance their future opportunities.
This information is meant to be a general summary of San Patricio Electric Education Trust. 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: $78,885
- Gross Receipts: $465,893
Assets and Liabilities:
- Total Assets: $2,763,252
- Total Liabilities: $0
- Net Assets: $2,763,252
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Organization Details
Founding Year
1999
Phone
(361) 364-2220Principal Officer
Tom Mayo
Main Address
PO BOX 400, SINTON, TX, 78387
NTEE Category
Code: B82 - Education
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