Overview
What is Hendrick Scholarship Foundation?
The Hendrick Scholarship Foundation, located in Plano, Texas, is a nonprofit organization dedicated to assisting students who have overcome adversities in their lives. Its primary mission is to offer both financial aid, covering tuition, fees, and textbooks, and emotional support, helping students navigate challenges related to transportation, employment, or housing. By providing these resources, the foundation aims to enable these qualified students to enroll in college and ultimately graduate, empowering them to reach their full educational and personal potential. With a team of three dedicated individuals, the Hendrick Scholarship Foundation plays a crucial role in fostering academic success for those who have faced hardships.
Official website here: www.hendrickscholarship.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47%, Zero-Star out of Four Star rating
The Hendrick Scholarship Foundation has received a low overall rating of 47% from Charity Navigator, primarily due to significant shortcomings in accountability and finance. While the organization boasts a fully independent board, it lacks crucial financial transparency, as demonstrated by missing financial statements and a lack of policies that promote responsible governance. The absence of a conflict of interest policy and whistleblower policy raises concerns about the organization's commitment to ethical standards.
On a positive note, the foundation shows strong scores in leadership and adaptability, indicating that it invests in its leadership development and has demonstrated the ability to respond to changing circumstances effectively. The organization's culture and community engagement score is also high at 94%, suggesting a positive impact on stakeholders.
However, the alarming deficiencies in financial accountability overshadow these strengths. With a program expense ratio of only 45.50%, it raises questions about the efficiency and effectiveness of its fund allocation. Overall, while there are positive aspects to the Hendrick Scholarship Foundation, significant improvements in financial transparency and governance practices are necessary for it to gain a more favorable evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Hendrick Scholarship Foundation legitimate?
Hendrick Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hendrick 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $6,827
Other Salaries and Wages: $69,994
For more financial information, click here
Official website here: www.hendrickscholarship.org/
What is the mission statement of Hendrick Scholarship Foundation?
The Hendrick Scholarship Foundation's mission is centered around aiding qualified students who have faced adversities in their lives. Its primary goal is to enable these students to enroll in college and, with ongoing moral and financial support, successfully complete their education. The foundation provides financial assistance in the form of grants for tuition, fees, and textbooks, and also works to connect students with resources to manage challenges such as transportation, employment, or housing.
Official website here: www.hendrickscholarship.org/
Who is the CEO of Hendrick Scholarship Foundation?
Berk Smith is the President of Hendrick Scholarship Foundation.
Official website here: www.hendrickscholarship.org/
What is the revenue of Hendrick Scholarship Foundation?
Hendrick Scholarship Foundation's revenue in 2022 was $578,067.
Official website here: www.hendrickscholarship.org/
Who are the executives of Hendrick Scholarship Foundation and what are their salaries?
The average compensation at Hendrick Scholarship Foundation during 2022 was $23,331. There are 3 employees and 115 volunteers at Hendrick Scholarship Foundation.
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Official website here: www.hendrickscholarship.org/
Where can I find the form 990 for Hendrick Scholarship Foundation?
Hendrick Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hendrickscholarship.org/
Learn more at the official website: www.hendrickscholarship.org/
Mission Statement of Hendrick Scholarship Foundation
The Hendrick Scholarship Foundation, a nonprofit organization, is committed to assisting qualified students who have faced adversities in their lives. Its mission is twofold: firstly, to offer the financial aid necessary for these students to pursue their college education; and secondly, to provide them with ongoing moral support to help them graduate. The foundation understands that these students may require additional resources beyond tuition, fees, and books, such as assistance with transportation, employment, or housing. Consequently, they strive to locate and provide these resources to ensure the students can fully concentrate on their studies and achieve their educational and life goals.
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Impact
July, 2024
The impact of the Hendrick Scholarship Foundation can be seen in the lives of the students it supports. By providing financial assistance for tuition, fees, and books, as well as emotional encouragement and support, the foundation enables qualified students who have faced adversities to enroll in college and graduate. This support goes beyond just covering academic expenses; it also helps students navigate challenges like transportation, employment, and housing, ultimately empowering them to reach their educational and life potential. Through its efforts, the Hendrick Scholarship Foundation is making a tangible difference in the lives of these students by opening doors to higher education and brighter futures.
This information is meant to be a general summary of Hendrick 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: $906
- Gross Receipts: $578,067
Assets and Liabilities:
- Total Assets: $723,089
- Total Liabilities: $841
- Net Assets: $722,248
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Organization Details
Founding Year
1991
Principal Officer
Berk Smith
Main Address
850 Central Parkway East STE 120, Plano, TX, 75074
Website
www.hendrickscholarship.org/NTEE Category
Code: B90 - Education
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