Overview
What is Mount Vernon Rotary Educational Scholarship Trust?
Mount Vernon Rotary Educational Scholarship Trust is a nonprofit organization situated in Mount Vernon, Texas. Their primary mission is to provide financial assistance to deserving students from the local area through educational scholarships, as per the trust's provisions. In addition, they extend their support to at-risk students by offering nutritional aid. The trust aims to empower these students, thereby contributing to the betterment of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Mount Vernon Rotary Educational Scholarship Trust has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and finance management. The organization's score of 73 indicates that while it performs well in certain areas, there are significant gaps in its transparency and governance practices that could limit its overall effectiveness.
Strengths include a fully independent board of directors and an impressive program expense ratio of 100%, demonstrating that all of its funds are directed toward its educational initiatives. However, the absence of key policies, such as a conflict of interest policy and whistleblower policy, raises concerns about its governance practices. Additionally, the lack of transparency is highlighted by missing documents on their website, such as their tax form and retention policy, which could affect public trust.
Overall, while the Mount Vernon Rotary Educational Scholarship Trust shows strong commitment to its mission through effective program spending, improvements in governance and transparency are essential for enhancing its credibility and operational effectiveness in the eyes of stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Vernon Rotary Educational Scholarship Trust legitimate?
Mount Vernon Rotary Educational Scholarship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Vernon Rotary Educational Scholarship 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
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What is the mission statement of Mount Vernon Rotary Educational Scholarship Trust?
The Mount Vernon Rotary Educational Scholarship Trust is committed to providing educational scholarships to deserving graduates from Mount Vernon Independent School District, as per the trust's provisions. Furthermore, the organization extends nutritional support to at-risk students within its scope. The scholarship program aims to financially assist students, while the nutritional support is intended to address the nutrition needs of vulnerable youths. By offering these services, the trust seeks to contribute positively to the education and well-being of its beneficiaries.
Who is the CEO of Mount Vernon Rotary Educational Scholarship Trust?
Tom Standridge is the Trustee of Mount Vernon Rotary Educational Scholarship Trust.
What is the revenue of Mount Vernon Rotary Educational Scholarship Trust?
Mount Vernon Rotary Educational Scholarship Trust's revenue in 2022 was $60,821.
Who are the executives of Mount Vernon Rotary Educational Scholarship Trust and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Mount Vernon Rotary Educational Scholarship Trust?
Mount Vernon Rotary Educational Scholarship Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mount Vernon Rotary Educational Scholarship Trust
The Mount Vernon Rotary Educational Scholarship Trust is a dedicated organization with a twofold mission. Primarily, it aims to provide educational scholarships to graduates hailing from Mount Vernon Independent School District. These scholarships are awarded based on the specific provisions set forth by the trust.
Beyond academic assistance, the Mount Vernon Rotary Educational Scholarship Trust also extends its reach to at-risk students. Recognizing the challenges that some youths may face, the trust provides nutritional support to help them overcome these obstacles. This aspect of their mission seeks to ensure that every student has the necessary resources to thrive, both in and out of the classroom.
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Impact
August, 2024
The Mount Vernon Rotary Educational Scholarship Trust's impact is significant in providing educational scholarships to Mount Vernon ISD graduates and nutritional support to at-risk students. This support helps students from Mount Vernon, Texas, pursue their academic goals and provides crucial assistance to those in need. Through their mission of offering scholarships and promoting educational success, the Trust positively impacts the lives of young people in the community.
This information is meant to be a general summary of Mount Vernon Rotary Educational Scholarship 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: $31,927
- Gross Receipts: $60,821
Assets and Liabilities:
- Total Assets: $911,399
- Total Liabilities: $0
- Net Assets: $911,399
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Organization Details
Founding Year
1990
Phone
(903) 537-4029Principal Officer
Tom Standridge
Main Address
PO BOX 930, MOUNT VERNON, TX, 75457
NTEE Category
Code: B82M - Education
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