Overview
What is Roughrider Scholarship Foundation?
The Roughrider Scholarship Foundation is a charitable organization situated in Center, Texas. Established with the purpose of supporting education, this nonprofit awards scholarships to graduates of Center High School, totalling $137,125 in financial aid since its inception. Despite distributing 134 scholarships, there remains $18,500 in unclaimed funds. The foundation's mission revolves around providing financial assistance to these high school graduates, enabling them to pursue their higher education goals.
Official website here: www.roughriderscholarship.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars (69%)
The Roughrider Scholarship Foundation received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement, particularly in its accountability and finance practices. While the foundation scores well in several areas, including having a majority of independent board members and a strong program expense ratio of 87.54%, it lacks essential governance policies such as a conflict of interest policy and a whistleblower policy, which are crucial for transparency and ethical operations.
The presence of a fully independent board and the absence of liabilities demonstrate a strong financial position. However, the lack of critical policies suggests potential risks in governance that could affect stakeholder trust. This shortfall in the organization's accountability measures highlights an area where the Roughrider Scholarship Foundation could significantly enhance its operations to ensure greater oversight and integrity.
Overall, while the foundation excels in certain financial aspects and governance structure, its shortcomings in policy implementation reflect a need for improvement. Addressing these gaps could not only bolster its rating but also reinforce confidence among donors and beneficiaries regarding its commitment to responsible management and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Roughrider Scholarship Foundation legitimate?
Roughrider Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Roughrider Scholarship Foundation 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.
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Official website here: www.roughriderscholarship.org
What is the mission statement of Roughrider Scholarship Foundation?
The Roughrider Scholarship Foundation's primary mission is to offer scholarships to graduates from Center High School. This philanthropic organization aims to provide financial aid, enabling these students to pursue their higher education. As of the provided data, they have awarded a total of $137,125 in scholarships to 134 recipients. Regrettably, there were some unclaimed scholarships amounting to $18,500.
Official website here: www.roughriderscholarship.org
Who is the CEO of Roughrider Scholarship Foundation?
Frank E Parker Jr is the Trustee of Roughrider Scholarship Foundation.
Official website here: www.roughriderscholarship.org
What is the revenue of Roughrider Scholarship Foundation?
Roughrider Scholarship Foundation's revenue in 2022 was $836,025.
Official website here: www.roughriderscholarship.org
Who are the executives of Roughrider Scholarship Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.roughriderscholarship.org
Where can I find the form 990 for Roughrider Scholarship Foundation?
Roughrider Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.roughriderscholarship.org
Learn more at the official website: www.roughriderscholarship.org
Mission Statement of Roughrider Scholarship Foundation
The Roughrider Scholarship Foundation, as its name suggests, is devoted to providing financial aid in the form of scholarships. This nonprofit organization focuses its efforts on graduates of Center High School in Center, Texas. Its primary mission is to award college scholarships, striving to support the educational aspirations of these students. As of the provided information, over $137,000 in scholarships have been awarded, benefiting a total of 134 students. Regrettably, some scholarships remain unclaimed, amounting to $18,500. The Roughrider Scholarship Foundation's mission is a testament to its commitment to assisting young individuals in their pursuit of higher education, thereby contributing to their future success.
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Impact
July, 2024
The Roughrider Scholarship Foundation has had a significant impact on the students of Center High School in Center, Texas. With a total of $137,125 awarded in college scholarships to 134 graduates, the foundation has helped numerous students pursue higher education. Additionally, their efforts extend to unclaimed scholarships of $18,500, further showcasing their commitment to supporting students in achieving their academic goals. This commitment to providing scholarships underscores the foundation's dedication to empowering Center High School graduates through education.
This information is meant to be a general summary of Roughrider Scholarship Foundation. 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: $213,912
- Gross Receipts: $1,917,152
Assets and Liabilities:
- Total Assets: $3,444,579
- Total Liabilities: $0
- Net Assets: $3,444,579
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Organization Details
Founding Year
1990
Phone
(318) 220-9939Principal Officer
Frank E Parker Jr
Main Address
PO BOX 152, CENTER, TX, 75935
NTEE Category
Code: B82 - Education
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