Overview
What is Otha E Herring Scholarship Fund Ii?
Otha E Herring Scholarship Fund II is a charitable organization, specifically a scholarship fund, based in Orlando, Florida. Its primary mission is to provide financial aid to students enrolled at James Sprunt Community College. The fund has set specific criteria for eligible recipients, including those residing in Duplin County, North Carolina, or the town of Mount Olive, North Carolina. By offering scholarships, this nonprofit aims to support the educational endeavors of these students, contributing to their future success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star Rating
The Otha E Herring Scholarship Fund II has received a 73% rating, which classifies it as a Two-Star nonprofit. This rating is based solely on its accountability and finance metrics, highlighting the organization's commitment to transparency and responsible financial management. The charity is noted for its strong governance, with 87% of its board members being independent, which reflects a healthy oversight structure.
Strengths of the organization include a perfect score in several categories, such as the absence of material diversion of assets and an impressive program expense ratio of 86.28%. This indicates that a significant majority of its funds are dedicated to its charitable activities rather than administrative costs. Additionally, the organization demonstrates good practices by documenting board meeting minutes.
However, the overall rating remains moderate, suggesting there may be areas for improvement that could enhance the charity's standing. While the financial metrics are strong, the lack of other performance indicators in the rating could indicate limited insight into the full scope of the organization's impact and effectiveness. As such, potential donors and stakeholders may want to consider these factors when evaluating their support for the charity.
This AI summary has been generated from information found on Charity Navigator.
Is Otha E Herring Scholarship Fund Ii legitimate?
Otha E Herring Scholarship Fund Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Otha E Herring Scholarship Fund Ii 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: $12,720
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Otha E Herring Scholarship Fund Ii?
The Otha E Herring Scholarship Fund II's mission is centered around providing financial assistance to students attending James Sprunt Community College. Specifically, it targets students who hail from Duplin County, NC, or the town of Mount Olive, NC. The primary objective of the scholarship fund is to help these students in their academic pursuits, thereby enabling them to further their education and potentially enhance their future opportunities. The fund serves as a valuable resource for students who may be facing financial constraints, thereby helping to bridge the gap and making higher education more accessible.
Who is the CEO of Otha E Herring Scholarship Fund Ii?
Mary Drummond is the Trustee of Otha E Herring Scholarship Fund Ii.
What is the revenue of Otha E Herring Scholarship Fund Ii?
Otha E Herring Scholarship Fund Ii's revenue in 2022 was $48,909.
Who are the executives of Otha E Herring Scholarship Fund Ii and what are their salaries?
There 7 volunteers at Otha E Herring Scholarship Fund Ii.
Here are 8 key members and their salaries:
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- Other: $0
- Compensation: $12,720
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- Other: $0
Where can I find the form 990 for Otha E Herring Scholarship Fund Ii?
Otha E Herring Scholarship Fund Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Otha E Herring Scholarship Fund Ii
The Otha E Herring Scholarship Fund II is an organization dedicated to providing financial aid to deserving students. Specifically, it focuses on supporting students who are enrolled at James Sprunt Community College. The recipients of these scholarships hail from either Duplin County, North Carolina, or the town of Mount Olive, North Carolina. The primary mission of this scholarship fund is to help these students overcome financial barriers, thereby enabling them to pursue their educational goals and build a better future for themselves. By offering scholarships, the Otha E Herring Scholarship Fund II plays a significant role in empowering individuals and contributing to the overall development of the community.
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Impact
October, 2024
The Otha E Herring Scholarship Fund II significantly impacts the educational landscape for students at James Sprunt Community College. By providing financial assistance specifically to residents of Duplin County, NC, and the town of Mount Olive, the fund enables deserving students to pursue their academic goals without the overwhelming burden of tuition costs. This support not only enhances access to education but also fosters a sense of community and empowerment among local students. As more individuals receive scholarships, the fund contributes to a more educated workforce and ultimately stimulates the local economy. The scholarships also encourage students to invest in their futures, promoting lifelong learning and achievement. Overall, the Otha E Herring Scholarship Fund II plays a crucial role in transforming lives through education, making higher learning more attainable for those in their geographical focus area.
This information is meant to be a general summary of Otha E Herring Scholarship Fund Ii. 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: $48,909
- Gross Receipts: $435,224
Assets and Liabilities:
- Total Assets: $752,395
- Total Liabilities: $0
- Net Assets: $752,395
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Organization Details
Founding Year
2003
Phone
(252) 246-4027Principal Officer
Mary Drummond
Main Address
PO BOX 919798, ORLANDO, FL, 328919798
NTEE Category
Code: B82 - Education
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