Overview
What is Ed Peveto Memorial Scholarship Fund?
The Ed Peveto Memorial Scholarship Fund is a nonprofit organization based in Beaumont, Texas. Their primary mission is to provide two annual scholarships to deserving male and female student-athletes from Orangefield Independent School District. The recipients are chosen by a committee comprised of faculty and administrators, demonstrating the organization's commitment to recognizing and supporting local talent in athletics and academics.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating. The Ed Peveto Memorial Scholarship Fund has received a score of 72%, indicating a fair level of accountability and finance management, as assessed through a single beacon score. The organization boasts a fully independent board of directors, with all members meeting the criteria for independence.
Strengths of the organization include a strong commitment to board independence and a high program expense ratio of 69.47%, suggesting that a significant portion of funds is directed toward its intended purpose of providing scholarships. Additionally, there are no reported diversions of assets, showcasing financial integrity with a liabilities to assets ratio of 0.00%.
However, the organization falls short in transparency and policy documentation, with several critical policies missing from its operations, including a conflict of interest policy, whistleblower policy, and document retention policy. Furthermore, the nonprofit's website is not listed on its tax form, and essential documents such as tax forms are not available on its website, which may hinder its overall accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Ed Peveto Memorial Scholarship Fund legitimate?
Ed Peveto Memorial Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ed Peveto 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $15,806
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ed Peveto Memorial Scholarship Fund?
The Ed Peveto Memorial Scholarship Fund's primary mission is to award two scholarships annually. These scholarships are specifically intended for a deserving male and female student-athlete from Orangefield Independent School District. The selection process for these scholarships is overseen by a committee consisting of faculty and administrators. The fund's purpose is to provide financial assistance to these exceptional students, thereby supporting their continued educational pursuits and athletic endeavors.
Who is the CEO of Ed Peveto Memorial Scholarship Fund?
Paul L Peveto is the President of Ed Peveto Memorial Scholarship Fund.
What is the revenue of Ed Peveto Memorial Scholarship Fund?
Ed Peveto Memorial Scholarship Fund's revenue in 2022 was $46,195.
Who are the executives of Ed Peveto Memorial Scholarship Fund and what are their salaries?
There 3 volunteers at Ed Peveto Memorial Scholarship Fund.
Here are 3 key members and their salaries:
- 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 Ed Peveto Memorial Scholarship Fund?
Ed Peveto Memorial Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ed Peveto Memorial Scholarship Fund
The Ed Peveto Memorial Scholarship Fund is an organization that annually awards two scholarships to deserving student-athletes from Orangefield Independent School District. This prestigious scholarship is determined by a committee comprising faculty and administrators, demonstrating the fund's commitment to recognizing academic and athletic excellence. The mission of the Ed Peveto Memorial Scholarship Fund is to invest in the future of these exceptional young individuals, providing them with the financial support they need to pursue their higher education goals. By doing so, the fund aims to honor the memory of Ed Peveto and his enduring legacy within the community.
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
August, 2024
The Ed Peveto Memorial Scholarship Fund provides a significant impact by offering two scholarships annually to deserving male and female student-athletes from Orangefield ISD. These scholarships are determined by a committee of faculty and administrators, ensuring that the recipients are selected based on merit and potential. By supporting the educational pursuits of these student-athletes, the fund contributes to their development both academically and athletically. Through this initiative, the fund plays a crucial role in empowering young individuals to achieve their goals and aspirations in the realm of education and sports.
This information is meant to be a general summary of Ed Peveto 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 2022.
- Investment Income: $4,395
- Gross Receipts: $304,650
Assets and Liabilities:
- Total Assets: $596,509
- Total Liabilities: $0
- Net Assets: $596,509
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2002
Phone
(409) 781-7740Principal Officer
Paul L Peveto
Main Address
PO BOX 3528, BEAUMONT, TX, 77704
NTEE Category
Code: B82 - Education
If you are a representative of Ed Peveto Memorial Scholarship Fund 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.