Promising Scholars Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 800112325 ✦ New haven, CT ✦ Designated as a 501(c)(3)

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Overview

What is Promising Scholars Fund Inc?

Promising Scholars Fund Inc is a nonprofit organization dedicated to supporting talented students by providing scholarships. Their mission relies on contributions received to sustain their scholarship programs. Apart from financial support, they also engage in fundraising events, such as a Golf Event, to secure additional resources for their initiatives. The Promising Scholars Fund aims to empower deserving students, thereby fostering academic growth and success.

Is Promising Scholars Fund Inc legitimate?

Promising Scholars Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promising Scholars Fund Inc submitted a form 990EZ, 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.

What is the mission statement of Promising Scholars Fund Inc?

The Promising Scholars Fund Inc's mission revolves around supporting talented students financially through scholarships. By receiving contributions, the fund is able to implement these scholarship programs. Furthermore, the organization enhances its fundraising efforts by hosting a Golf Event. In essence, the Promising Scholars Fund Inc aims to aid deserving students in pursuing their education, thereby contributing to the development of future leaders.

Who is the CEO of Promising Scholars Fund Inc?

Erik Clemons is the Treasurer of Promising Scholars Fund Inc.

What is the revenue of Promising Scholars Fund Inc?

Promising Scholars Fund Inc's revenue in 2021 was $137,521.

Who are the executives of Promising Scholars Fund Inc and what are their salaries?


Here are 4 key members and their salaries:


Alvin Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claude Montgomery (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlton Highsmith (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Clemons (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Promising Scholars Fund Inc?

Promising Scholars Fund Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.

Mission Statement of Promising Scholars Fund Inc

Promising Scholars Fund, a philanthropic organization, is dedicated to aiding talented students by offering scholarships. The fund's mission is to accumulate contributions and utilize them to support its scholarship programs. In addition to its scholarship initiatives, Promising Scholars Fund also raises funds through a Golf Event, demonstrating its commitment to ensuring the educational opportunities for deserving students.

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Impact




October, 2024

Promising Scholars Fund Inc significantly impacts education by providing vital financial assistance to talented students through scholarships. By alleviating the financial burden of higher education, the fund empowers students to focus on their academic pursuits and career aspirations, fostering a new generation of skilled professionals. The contributions received not only sustain the scholarship programs but also enhance the educational landscape by creating opportunities for those who might otherwise face barriers to access. Additionally, fundraising events, such as the Golf Event, help to raise awareness and support for these initiatives, further strengthening the community's commitment to education and student success in New Haven, CT.




This information is meant to be a general summary of Promising Scholars 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.

Revenue
$137,521 (2021)
Expenses
$48,890 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $137,521

Assets and Liabilities:

  • Total Assets: $127,888
  • Total Liabilities: $0
  • Net Assets: $127,888

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Organization Details

Principal Officer

Erik Clemons

Main Address

21 Hard Street, New Haven, CT, 06515

NTEE Category

Code: B82 - Education

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