Overview
What is Nyfwa Education Scholarship Foundation Inc?
The Nyfwa Education Scholarship Foundation Inc, based on undisclosed location details, is a nonprofit organization dedicated to fostering journalism education. They achieve this goal by organizing an annual event titled 'Financial Follies' and utilizing the event's earnings to fund scholarships for aspiring journalists. This foundation focuses on providing financial aid and educational opportunities to individuals pursuing a career in journalism.
Official website here: www.nyfwa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Stars
The Nyfwa Education Scholarship Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its Accountability & Finance practices. The overall score of 50% is derived solely from its accountability metrics, where it has performed well in areas such as board independence and conflict of interest policies, but has major shortcomings in financial reporting and transparency.
Strengths of the organization include having a fully independent board and solid governance policies, which suggest a commitment to ethical oversight. However, the foundation has been marked down for failing to post its tax documents on its website and for a poor Liabilities to Assets Ratio, indicating potential financial instability. These factors have significantly impacted its overall rating.
Users should approach their support with caution, given the organization's low score in financial health and program expense ratio. While it demonstrates strong governance practices, the lack of transparency and accountability in financial matters raises red flags for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Nyfwa Education Scholarship Foundation Inc legitimate?
Nyfwa Education Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nyfwa Education Scholarship 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.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.nyfwa.org
What is the mission statement of Nyfwa Education Scholarship Foundation Inc?
The Nyfwa Education Scholarship Foundation Inc's primary mission is centered around producing the annual Financial Follies and providing scholarships for journalism students. These scholarships are funded through the net proceeds generated from the Financial Follies event. The organization's activities primarily revolve around supporting journalism education, aiming to nurture future journalists and contribute to the field.
Official website here: www.nyfwa.org
Who is the CEO of Nyfwa Education Scholarship Foundation Inc?
Debra Turner is the Governor of Nyfwa Education Scholarship Foundation Inc.
Official website here: www.nyfwa.org
What is the revenue of Nyfwa Education Scholarship Foundation Inc?
Nyfwa Education Scholarship Foundation Inc's revenue in 2023 was $68,047.
Official website here: www.nyfwa.org
Who are the executives of Nyfwa Education Scholarship Foundation Inc and what are their salaries?
There 13 volunteers at Nyfwa Education Scholarship Foundation Inc.
Here are 12 key members and their salaries:
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Official website here: www.nyfwa.org
Where can I find the form 990 for Nyfwa Education Scholarship Foundation Inc?
Nyfwa Education Scholarship Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nyfwa.org
Learn more at the official website: www.nyfwa.org
Mission Statement of Nyfwa Education Scholarship Foundation Inc
The Nyfwa Education Scholarship Foundation Inc is a nonprofit organization dedicated to furthering the field of journalism. One of its primary activities is the production of the annual Financial Follies event. The proceeds generated from this event are then utilized to grant scholarships for aspiring journalists. By doing so, the foundation aims to support the next generation of journalists and contribute to the growth of the journalism industry. The mission of Nyfwa Education Scholarship Foundation Inc can be summarized as its commitment to promoting journalism through annual events and providing financial assistance to deserving students in the field.
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Impact
August, 2024
Nyfwa Education Scholarship Foundation Inc has a significant impact on journalism education by producing the annual Financial Follies and granting scholarships for aspiring journalists. Through their programs, they support and encourage the next generation of journalists to pursue their educational and career goals in the field of journalism. Their commitment to providing scholarships helps students overcome financial barriers and achieve their academic aspirations, ultimately contributing to the growth and diversity of the journalism industry.
This information is meant to be a general summary of Nyfwa Education Scholarship 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 2023.
- Gross Receipts: $152,176
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2017
Phone
(201) 612-0100Principal Officer
Debra Turner
Main Address
PO Box 338, Ridgewood, NJ, 07451
Website
www.nyfwa.orgNTEE Category
Code: B82 - Education
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