Overview
What is Eldon Durrett Memorial Scholarship Fund?
The Eldon Durrett Memorial Scholarship Fund is a nonprofit organization situated in Amarillo, Texas. Their primary mission is to provide financial aid to deserving students from the Amarillo area, enabling them to pursue higher education. In the recent past, they have awarded scholarships to 31 individuals, with no single scholarship amount exceeding $1,100. The organization's core activity is scholarship awards, aiming to make higher education more accessible to boys in the Amarillo area.
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What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Eldon Durrett Memorial Scholarship Fund has received a strong Four-Star rating from Charity Navigator, indicating high accountability and financial health. The score is a testament to the charity's commitment to transparency and effective financial management. The organization has demonstrated excellence in maintaining an independent board, with 100% of its members being independent, and has shown no material diversion of assets.
Financially, the charity has a favorable liabilities to assets ratio of 0.16%, which suggests a solid financial foundation. With a program expense ratio of 67.73%, the Fund allocates a significant portion of its resources directly to its programs, further underscoring its commitment to providing scholarships rather than excessive administrative expenses.
However, while the overall financial metrics are impressive, the score is based solely on accountability and finance aspects. There are no additional beacons indicating impact or results, which could provide a fuller picture of the charity's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Eldon Durrett Memorial Scholarship Fund legitimate?
Eldon Durrett Memorial Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eldon Durrett Memorial 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.
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Official website here: www.none
What is the mission statement of Eldon Durrett Memorial Scholarship Fund?
The Eldon Durrett Memorial Scholarship Fund's primary mission is to provide financial assistance to deserving students, with a focus on boys, to help them pursue higher education. The organization awards scholarships to individuals from the Amarillo, Texas area, aiming to support a total of 31 students annually. The scholarship amounts do not exceed 1,100 dollars per recipient.
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What is the revenue of Eldon Durrett Memorial Scholarship Fund?
Eldon Durrett Memorial Scholarship Fund's revenue in 2023 was $124,021.
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Who are the executives of Eldon Durrett Memorial Scholarship Fund and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Eldon Durrett Memorial Scholarship Fund
The Eldon Durrett Memorial Scholarship Fund, named in honor of an individual from Amarillo, Texas, is dedicated to fulfilling its primary mission. This mission centers around providing financial assistance to deserving students from the Amarillo area, aiding them in their pursuit of post-secondary education. The fund has successfully awarded scholarships to a total of 31 individuals, with no scholarship exceeding a value of $1,100 per recipient. The organization's mission is to empower these students, contributing to their personal growth and development through higher education.
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Impact
October, 2024
The Eldon Durrett Memorial Scholarship Fund significantly impacts the community by providing financial assistance to young men in the Amarillo, Texas area, enabling them to pursue higher education. By awarding scholarships to deserving students, the fund helps alleviate the financial burden of post-secondary education, fostering personal and academic growth.
Over the years, 31 individuals have benefited from this support, each receiving scholarships that, while modest—totaling no more than $1,100 per individual—can make a crucial difference in their educational journey. The commitment to nurturing local talent contributes not only to the students' futures but also strengthens the community by encouraging the pursuit of knowledge and skill development. This mission of facilitating access to education is essential in helping young men achieve their goals and realize their potential.
This information is meant to be a general summary of Eldon Durrett Memorial 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 2023.
- Investment Income: $33,916
- Gross Receipts: $1,481,693
Assets and Liabilities:
- Total Assets: $1,477,352
- Total Liabilities: $2,180
- Net Assets: $1,475,172
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Organization Details
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