Overview
What is Linville Foundation Inc?
Linville Foundation Inc is a nonprofit organization located in Linville, North Carolina. The primary focus of the foundation is to motivate and assist students in their educational journeys by offering scholarships. These scholarships support students pursuing undergraduate, graduate, or vocational degrees. The foundation aims to provide financial aid and scholarship awards as a means of encouraging and empowering students throughout their college experience. The foundation has granted over 70 scholarships, demonstrating its commitment to higher education and student support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star Rating)
The Linville Foundation Inc has received a 71% score from Charity Navigator, which translates to a Two-Star rating. This score reflects the organization’s strong performance in accountability and finance, particularly in areas such as its independent board composition and effective handling of material assets. The foundation has achieved full marks in several categories, showcasing a commitment to governance and transparency.
The foundation's program expense ratio stands at an impressive 91.65%, indicating that a significant portion of funds is directed towards its programs rather than administrative costs. This is a positive sign for potential donors looking to support organizations that prioritize mission-related activities. The presence of a majority independent board and a well-structured conflict of interest policy further enhances its credibility.
However, despite these strengths, the overall rating suggests there may be areas for improvement. The two-star rating indicates that while the organization is performing adequately, there are likely other charities that demonstrate higher levels of efficiency or accountability. Prospective donors might want to consider these factors when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Linville Foundation Inc legitimate?
Linville Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Linville Foundation 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.
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What is the mission statement of Linville Foundation Inc?
The Linville Foundation Inc's mission is centered around inspiring, encouraging, and supporting students in their academic pursuits. This is achieved by offering financial aid and granting scholarship awards for college, graduate, or vocational education. Through these initiatives, the foundation aims to assist students in furthering their education, providing them with college degrees, and offering support during their college journey. The foundation has granted over 70 scholarships to achieve this objective.
Who is the CEO of Linville Foundation Inc?
Tom Dale is the Principal Officer of Linville Foundation Inc.
What is the revenue of Linville Foundation Inc?
Linville Foundation Inc's revenue in 2022 was $521,002.
Who are the executives of Linville Foundation Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Linville Foundation Inc?
Linville Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Linville Foundation Inc
Linville Foundation Inc, a renowned organization, is dedicated to inspiring and encouraging students in their pursuit of higher education. With a strong focus on financial aid and scholarship awards, the Foundation aims to support students seeking to pursue college, graduate, or vocational education. By granting over 70 scholarships, this nonprofit helps students in their quest for undergraduate and graduate degrees, providing them with the necessary financial assistance to further their education. The Foundation's mission is to empower students and offer support during their college journey, aiming to make higher education more accessible and attainable.
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Impact
July, 2024
Linville Foundation Inc's impact is significant in inspiring, encouraging, and supporting students in their pursuit of higher education. By granting over 70 scholarships to students seeking undergraduate and graduate degrees, the Foundation plays a crucial role in helping individuals further their education and achieve their academic goals. The support provided by Linville Foundation Inc not only assists students financially but also motivates and empowers them to pursue their educational aspirations with confidence. This dedication to fostering educational opportunities contributes to the Foundation's mission of promoting and facilitating access to college, graduate, and vocational education.
This information is meant to be a general summary of Linville Foundation 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: $614
- Gross Receipts: $1,236,433
Assets and Liabilities:
- Total Assets: $2,946,408
- Total Liabilities: $0
- Net Assets: $2,946,408
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Organization Details
Founding Year
2017
Phone
(828) 733-3043Principal Officer
Tom Dale
Main Address
PO BOX 99, LINVILLE, NC, 28646
NTEE Category
Code: B82 - Education
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