Overview
What is Lou Rosenberg Scholarship Fund?
The Lou Rosenberg Scholarship Fund is a nonprofit organization, whose primary mission is to provide financial aid, contributing to the advancement of youth education. While the specifics of their activities or filer details were not provided, it can be inferred that they offer grants to support educational pursuits for young individuals, thereby expanding their opportunities and fostering personal growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
The Lou Rosenberg Scholarship Fund has received a Two-Star rating with an overall score of 61%, indicating significant areas needing improvement, particularly in its accountability and financial practices. While it has demonstrated strengths such as a fully independent board and a strong program expense ratio, it struggles with essential governance policies, including the absence of a conflict of interest policy and a whistleblower policy.
The organization has maintained a good record in terms of asset management, with no material diversion of assets, and it includes board meeting minutes in its documentation. However, it has been noted that the liabilities exceed assets at a ratio of 136.81%, which raises concerns about financial stability. Additionally, the failure to post tax forms on its website could hinder transparency and accessibility for donors and stakeholders.
In summary, while the Lou Rosenberg Scholarship Fund has some solid governance elements, the lack of critical policies and financial concerns suggest that improvements are necessary to enhance its accountability and overall operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lou Rosenberg Scholarship Fund legitimate?
Lou Rosenberg Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lou Rosenberg Scholarship Fund 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 Lou Rosenberg Scholarship Fund?
The Lou Rosenberg Scholarship Fund's mission is centered around providing financial assistance to further the education of youth. By offering grants, the fund aims to contribute to the academic pursuits of many, thereby fostering personal growth and development. The scholarship program is designed to support students in their educational journey, providing them with the necessary resources to thrive in their academic endeavors.
Who is the CEO of Lou Rosenberg Scholarship Fund?
Miles Nelson is the Trustee of Lou Rosenberg Scholarship Fund.
What is the revenue of Lou Rosenberg Scholarship Fund?
Lou Rosenberg Scholarship Fund's revenue in 2022 was $71,303.
Who are the executives of Lou Rosenberg Scholarship Fund and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Lou Rosenberg Scholarship Fund?
Lou Rosenberg Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lou Rosenberg Scholarship Fund
The Lou Rosenberg Scholarship Fund is a nonprofit organization that is dedicated to providing grants to support the further education of youth. Its mission is centered around financially aiding young individuals to pursue their academic goals and expand their knowledge. By offering these grants, the fund contributes to the development and future success of young scholars, thereby promoting educational opportunities and personal growth.
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Impact
August, 2024
The Lou Rosenberg Scholarship Fund impacts youth education by providing grants to further the education of deserving students in Odessa, TX. This support helps students access educational opportunities that may have otherwise been out of reach, allowing them to pursue their academic goals and build a brighter future. Through its mission to support education, the fund plays a vital role in empowering young individuals to reach their full potential and contribute positively to their communities and beyond.
This information is meant to be a general summary of Lou Rosenberg Scholarship Fund. 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: $141
- Gross Receipts: $1,421,537
Assets and Liabilities:
- Total Assets: $86,365
- Total Liabilities: $118,163
- Net Assets: -$31,798
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Organization Details
Founding Year
1985
Phone
(432) 686-8738Principal Officer
Miles Nelson
Main Address
PO BOX 1552, ODESSA, TX, 79760
NTEE Category
Code: B82 - Education
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