Overview
What is William Bonner Ingram Scholarship Fund Inc?
The William Bonner Ingram Scholarship Fund Inc, based in Palestine, Texas, is a nonprofit organization dedicated to providing educational scholarships to graduating high school seniors. Their primary mission is to support students financially, making direct payments to their respective schools for tuition and fees. To continue receiving these scholarships, recipients are required to submit their grades and proof of enrollment to the organization each semester. This philanthropic initiative aims to facilitate and foster higher education for deserving individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars
The William Bonner Ingram Scholarship Fund Inc has received a rating of one star from Charity Navigator, indicating a below-average performance in accountability and financial practices with an overall score of 55%. This rating reflects significant shortcomings in transparency and governance, particularly with missing essential policies and documentation on their website.
On a positive note, the organization does have a fully independent board, scoring the maximum points in both the majority of independent board members and board size categories. Additionally, they have no reported material diversion of assets and maintain a strong liabilities to assets ratio, which suggests financial stability in that respect.
However, the lack of a conflict of interest policy, whistleblower policy, and documented retention practices, alongside other missing documents such as tax forms on their website, raises concerns about their operational transparency. These issues may hinder stakeholder trust and overall effectiveness in carrying out their mission.
This AI summary has been generated from information found on Charity Navigator.
Is William Bonner Ingram Scholarship Fund Inc legitimate?
William Bonner Ingram Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. William Bonner Ingram Scholarship Fund Inc 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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What is the mission statement of William Bonner Ingram Scholarship Fund Inc?
The William Bonner Ingram Scholarship Fund Inc has a primary focus on granting educational scholarships. This non-profit organization's mission is to support graduating high school seniors by providing financial aid directly to their schools for tuition and fees. In return, the scholarship recipients are required to submit their grades and proof of enrollment to the fund. This organization aims to help deserving students further their education.
Who is the CEO of William Bonner Ingram Scholarship Fund Inc?
Jerry Nowlin is the Director of William Bonner Ingram Scholarship Fund Inc.
What is the revenue of William Bonner Ingram Scholarship Fund Inc?
William Bonner Ingram Scholarship Fund Inc's revenue in 2022 was $29,140.
Who are the executives of William Bonner Ingram Scholarship Fund Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for William Bonner Ingram Scholarship Fund Inc?
William Bonner Ingram Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of William Bonner Ingram Scholarship Fund Inc
The William Bonner Ingram Scholarship Fund Inc is committed to granting educational scholarships to graduating high school seniors. The primary objective of this organization is to serve as a financial aid provider, making direct payments towards tuition and other related fees to the respective educational institutions. The recipients of these scholarships are expected to maintain good academic performance by submitting their grades and proof of enrollment to the William Bonner Ingram Scholarship Fund Inc, on a semester basis. This nonprofit organization plays a significant role in supporting the educational aspirations of deserving students, thereby contributing to their future success.
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Impact
August, 2024
The impact of the William Bonner Ingram Scholarship Fund Inc is evident in its provision of educational scholarships to graduating high school seniors. By funding these scholarships, the organization directly supports students in pursuing their academic goals by helping to alleviate the financial burden of tuition and fees. This support empowers recipients to access higher education opportunities that they may not have otherwise been able to afford, ultimately contributing to their personal growth and future success. Through its mission of granting educational scholarships, the William Bonner Ingram Scholarship Fund Inc positively impacts the lives of individuals and strengthens the community by investing in the education of the next generation.
This information is meant to be a general summary of William Bonner Ingram Scholarship Fund Inc. 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: -$2,640
- Gross Receipts: $237,095
Assets and Liabilities:
- Total Assets: $644,994
- Total Liabilities: $0
- Net Assets: $644,994
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Organization Details
Founding Year
2001
Phone
(903) 729-6048Principal Officer
Jerry Nowlin
Main Address
PO BOX 770, PALESTINE, TX, 75802
NTEE Category
Code: B82 - Education
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