Overview
What is Stephanie Morgan Memorial Fund Inc?
Stephanie Morgan Memorial Fund Inc is a charitable organization based in Emerson, New Jersey, with a focus on raising funds for scholarships for students at Emerson High School. By supporting this nonprofit, contributions are channeled towards educational opportunities, helping deserving students financially. The organization's mission is clear and straightforward, enabling it to make a significant impact in the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating reflects the charity's performance primarily in the Accountability & Finance category, indicating that while there are strengths, there may be areas for improvement in overall effectiveness and transparency.
The Stephanie Morgan Memorial Fund Inc demonstrates strong governance with a fully independent board, scoring the maximum points for both the majority of independent board members and the size of the independent board. Additionally, the organization has no reported diversion of assets and consistently documents board meeting minutes, which contributes positively to its accountability metrics.
However, despite these strengths, the overall rating remains limited to a single beacon score, suggesting that further evaluation of its program effectiveness and financial health may be necessary. The charity's program expense ratio is commendable at 100%, indicating that all funds are directed towards programmatic activities, but additional metrics could enhance the understanding of its impact and operational performance.
This AI summary has been generated from information found on Charity Navigator.
Is Stephanie Morgan Memorial Fund Inc legitimate?
Stephanie Morgan Memorial Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stephanie Morgan Memorial 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 Stephanie Morgan Memorial Fund Inc?
The Stephanie Morgan Memorial Fund Inc. is dedicated to raising funds for the benefit of Emerson High School scholarships. This mission is aimed at providing financial aid to deserving students, thereby enabling them to pursue their educational goals. The organization's primary activity revolves around fundraising efforts, with the ultimate goal of supporting the academic aspirations of students in need. By providing scholarships, the fund aims to alleviate financial burden and empower students to excel in their studies. The fund's activities are focused on raising sufficient funds to award scholarships annually, thereby making higher education more accessible to deserving students.
Who is the CEO of Stephanie Morgan Memorial Fund Inc?
David Morgan is the President of Stephanie Morgan Memorial Fund Inc.
What is the revenue of Stephanie Morgan Memorial Fund Inc?
Stephanie Morgan Memorial Fund Inc's revenue in 2022 was $0.
Who are the executives of Stephanie Morgan Memorial Fund Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Compensation: $0
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Where can I find the form 990 for Stephanie Morgan Memorial Fund Inc?
Stephanie Morgan Memorial Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stephanie Morgan Memorial Fund Inc
The Stephanie Morgan Memorial Fund Inc is committed to raising funds for the benefit of Emerson High School scholarships. This nonprofit organization's primary mission is to provide financial aid to deserving students attending Emerson High School, thereby supporting their educational pursuits. By raising funds, the Stephanie Morgan Memorial Fund Inc aims to make higher education more accessible to talented individuals who may otherwise face financial constraints. The organization's activities are focused on this mission, working tirelessly to collect donations and allocate scholarships to qualified candidates. Through its fundraising efforts, the Stephanie Morgan Memorial Fund Inc plays a significant role in empowering the future leaders of Emerson High School.
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Impact
October, 2024
The Stephanie Morgan Memorial Fund Inc. significantly impacts the educational landscape of Emerson, NJ, by raising funds dedicated to scholarships for Emerson High School students. This initiative not only provides financial support to deserving individuals but also empowers them to pursue higher education and achieve their academic goals. The fund plays a crucial role in removing financial barriers, fostering a culture of learning and ambition within the community, and ultimately contributing to the future success of local youth. Through its scholarship program, it promotes the values of education and community support, creating a positive ripple effect that extends beyond the classroom.
This information is meant to be a general summary of Stephanie Morgan Memorial 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.
Assets and Liabilities:
- Total Assets: $40,070
- Total Liabilities: $0
- Net Assets: $40,070
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Organization Details
Founding Year
2016
Phone
(201) 265-1722Principal Officer
David Morgan
Main Address
C/O A GROSS CPA PA PO BOX 305, EMERSON, NJ, 07630
NTEE Category
Code: B82 - Education
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