Overview
What is Rotary Club Student Loan & Scholarship Fund Inc?
Rotary Club Student Loan & Scholarship Fund Inc is a nonprofit organization situated in Lufkin, Texas. Their primary focus is providing financial aid to deserving students at Angelina College. In the year 2022 alone, they granted scholarships amounting to 6,352. Their selection process is a collaborative effort between Angelina College and the Lufkin Rotary Club, considering both merit and financial need of the students. This philanthropic organization contributes to the education and future prospects of local students, playing a significant role in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Rotary Club Student Loan & Scholarship Fund Inc has been rated as needing improvement, with an overall score of 73%. The organization has shown strong accountability and finance practices, achieving a perfect score for having a fully independent board and no material diversion of assets. Its liabilities to assets ratio is also commendably low at 0.00%, indicating a solid financial foundation.
While the organization's program expense ratio is respectable at 73.91%, which suggests that a significant portion of its funds is directed towards its programs, the overall rating reflects areas that may require enhancement in operational effectiveness or transparency. The organization does document board meeting minutes, which adds to its accountability.
Overall, while the Rotary Club Student Loan & Scholarship Fund has certain strengths in governance and financial health, the two-star rating indicates that there are opportunities for improvement to better serve its mission and enhance donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Rotary Club Student Loan & Scholarship Fund Inc legitimate?
Rotary Club Student Loan & Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Student Loan & 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Rotary Club Student Loan & Scholarship Fund Inc?
The Rotary Club Student Loan & Scholarship Fund Inc is committed to providing financial aid to deserving students of Angelina College. This is done by offering merit- and need-based scholarships, with the selection process handled jointly by Angelina College and the Lufkin Rotary Club. In 2022, the organization distributed scholarships totaling 6,352 dollars. The primary mission of the Rotary Club Student Loan & Scholarship Fund Inc is to support the educational goals of these students, contributing to their overall development and future prospects.
Who is the CEO of Rotary Club Student Loan & Scholarship Fund Inc?
Robert Lindsey is the Director of Rotary Club Student Loan & Scholarship Fund Inc.
What is the revenue of Rotary Club Student Loan & Scholarship Fund Inc?
Rotary Club Student Loan & Scholarship Fund Inc's revenue in 2022 was $4,389.
Who are the executives of Rotary Club Student Loan & Scholarship Fund Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rotary Club Student Loan & Scholarship Fund Inc?
Rotary Club Student Loan & Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rotary Club Student Loan & Scholarship Fund Inc
Rotary Club Student Loan & Scholarship Fund Inc is committed to providing financial aid to students attending Angelina College. This nonprofit organization grants scholarships to deserving students based on both merit and need, with the selection process overseen by both Angelina College and the Lufkin Rotary Club. The funding provided by Rotary Club Student Loan & Scholarship Fund Inc helps students to pursue their academic goals, thereby fostering education and personal development. In the year 2022, the organization distributed scholarships totaling 6,352, demonstrating its significant impact on the lives of these students.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Rotary Club Student Loan & Scholarship Fund Inc significantly impacts the educational landscape in Lufkin, Texas, by providing essential financial support to students at Angelina College. By awarding scholarships based on merit and need, the organization helps to alleviate the financial burden of higher education for deserving students.
In 2022 alone, the fund contributed a total of $6,352 in scholarships, directly enhancing students' ability to pursue their academic goals and achieve their aspirations. This financial assistance fosters a more equitable educational environment, empowering individuals to excel in their studies and ultimately contribute positively to their communities. The collaboration between Angelina College and the Lufkin Rotary Club ensures that the scholarship selection process is both fair and focused on identifying students who will benefit most from this support. Through these efforts, the organization plays a vital role in promoting access to education in the region.
This information is meant to be a general summary of Rotary Club Student Loan & 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: $4,349
- Gross Receipts: $255,889
Assets and Liabilities:
- Total Assets: $411,077
- Total Liabilities: $0
- Net Assets: $411,077
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(936) 634-6621Principal Officer
Robert Lindsey
Main Address
P O BOX 1388, LUFKIN, TX, 75902
NTEE Category
Code: B82 - Education
If you are a representative of Rotary Club Student Loan & Scholarship Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.