Overview
What is Moynihan Scholarship Fund Inc?
Moynihan Scholarship Fund Inc, based in New York City, is a charitable organization dedicated to nurturing the educational growth and professional aspirations of students in New York State. It offers an annual scholarship titled "Excellence in Accounting" to eligible candidates pursuing accounting degrees. The scholarship provides financial assistance, awarding $2,500 to full-time students and $1,250 to part-time students, in the 2021/2022 fiscal year, 42 such scholarships were granted. To be eligible, candidates must be accounting majors, have completed a minimum of 60 credits, maintain a minimum GPA of 3.0, and have been approved for financial aid. To select recipients, a designated campus ambassador collaborates with the accounting department and financial aid office, forwarding the top three candidates to a statewide selection committee. The fund's mission is to foster the education and career exposure of students in accounting and business fields.
Official website here: www.nysscpa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The Moynihan Scholarship Fund Inc has achieved a perfect score of 100%, earning it a prestigious Four-Star rating from Charity Navigator. This exceptional rating is derived entirely from its strong performance in the Accountability & Finance beacon, indicating the organization’s high standards in transparency and governance. The charity operates with a majority independent board, which is crucial for maintaining objectivity and integrity in its operations.
Strengths highlighted include the absence of any material diversion of assets, along with comprehensive policies in place for conflicts of interest and whistleblower protections. The organization also demonstrates excellent fiscal responsibility, with a program expense ratio of 83%, ensuring that the majority of its funds are directed towards its mission rather than administrative costs. Moreover, all necessary documentation is readily accessible on its website, reflecting a commitment to transparency.
Despite its strong rating, the summary does not indicate any limitations or concerns regarding the charity's operations, which further reinforces its positive standing in the nonprofit sector. Overall, the Moynihan Scholarship Fund Inc presents itself as a highly trustworthy and effective organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Moynihan Scholarship Fund Inc legitimate?
Moynihan Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moynihan Scholarship 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: $74,541
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,501
For more financial information, click here
Official website here: www.nysscpa.org
What is the mission statement of Moynihan Scholarship Fund Inc?
The Moynihan Scholarship Fund Inc, in its mission, supports the education and development of students in various institutions within New York State, particularly those pursuing accounting and business careers. Its primary objective is to provide these students with exposure to these fields. The organization offers an annual scholarship known as the Excellence in Accounting Scholarship, which provides financial aid to eligible accounting majors. In the 2021/2022 fiscal year, 42 such scholarships were awarded, with full-time students receiving $2,500 and part-time students receiving $1,250. To be eligible, students must have completed a minimum of 60 credits, maintain a minimum 3.0 GPA, and have filed a Free Application for Federal Student Aid and been approved for financial aid. The scholarships are non-renewable, and recipients and candidates must reapply annually. A designated Campus Ambassador works with the campus accounting department and financial aid office to select deserving candidates based on scholarship and financial need, who are then forwarded to a statewide selection committee for final award consideration.
Official website here: www.nysscpa.org
Who is the CEO of Moynihan Scholarship Fund Inc?
Calvin Harris Jr is the President-Elect of Moynihan Scholarship Fund Inc.
Official website here: www.nysscpa.org
What is the revenue of Moynihan Scholarship Fund Inc?
Moynihan Scholarship Fund Inc's revenue in 2022 was $586,384.
Official website here: www.nysscpa.org
Who are the executives of Moynihan Scholarship Fund Inc and what are their salaries?
The average compensation at Moynihan Scholarship Fund Inc during 2022 was $8,524. There are 23 employees and 51 volunteers at Moynihan Scholarship Fund Inc.
Here are 13 key members and their salaries:
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- Compensation: $43,873
- Related: $443,607
- Other: $53,177
- Compensation: $5,341
- Related: $188,875
- Other: $34,262
- Compensation: $18,306
- Related: $185,095
- Other: $23,604
- Compensation: $8,378
- Related: $131,246
- Other: $25,549
Official website here: www.nysscpa.org
Where can I find the form 990 for Moynihan Scholarship Fund Inc?
Moynihan Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nysscpa.org
Learn more at the official website: www.nysscpa.org
Mission Statement of Moynihan Scholarship Fund Inc
The Moynihan Scholarship Fund, Inc., is dedicated to supporting the education and development of students in New York State, particularly those pursuing careers in accounting and business. The organization's mission is to facilitate the exposure of these students to these fields, contributing to their growth and future success. To achieve this, the Moynihan Scholarship Fund offers an annual scholarship program. In the 2021/2022 fiscal year, the fund awarded 42 Excellence in Accounting Scholarships to eligible students, each worth $2,500 for full-time students and $1,250 for part-time students. To be considered, candidates must be accounting majors, have completed at least 60 credits, and maintain a minimum GPA of 3.0. They must also have filed a Free Application for Federal Student Aid and been approved for financial aid. It's worth noting that these scholarships are non-renewable; recipients and candidates must reapply annually. A designated campus ambassador works in collaboration with the campus accounting department and the college financial aid office to select deserving candidates based on both scholarship and financial need. These selected candidates are then forwarded to a statewide selection committee of members of the NYSSCPA, from which a scholarship recipient is chosen for most college accounting programs in the state.
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Impact
July, 2024
The Moynihan Scholarship Fund Inc's impact is evident in its support for the education and development of students in New York State, particularly in the field of accounting and business. The fund's Excellence in Accounting Scholarship program provides financial assistance to qualified candidates who are pursuing careers in accounting. In the 2021/2022 fiscal year, the fund awarded 42 scholarships to college students, totaling $2,500 for full-time students and $1,250 for part-time students. These scholarships help students fulfill their educational goals, encouraging them to excel in their studies and pursue careers in the accounting profession. Additionally, the fund's collaboration with college accounting departments and financial aid offices ensures that deserving candidates with financial need are identified and supported. Overall, the Moynihan Scholarship Fund's impact is significant in promoting educational opportunities and career development in accounting for students across New York State.
This information is meant to be a general summary of Moynihan Scholarship 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.
- Investment Income: $178,248
- Gross Receipts: $1,240,607
Assets and Liabilities:
- Total Assets: $2,713,280
- Total Liabilities: $408,735
- Net Assets: $2,304,545
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Organization Details
Founding Year
2017
Phone
(212) 719-8300Principal Officer
Calvin Harris Jr
Main Address
14 WALL STREET 19TH FLOOR, NEW YORK, NY, 10005
Website
www.nysscpa.orgNTEE Category
Code: B82 - Education
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