Overview
What is Aspiring Scholars?
Aspiring Scholars is a nonprofit organization situated in New Orleans, Louisiana. Their primary goal is to provide scholarship assistance to low to moderate-income families, enabling them to attend Catholic schools within the Greater New Orleans area. Through the state's Tuition Donation Credit Program, donors have the opportunity to allocate their tax dollars towards these scholarships. By doing so, Aspiring Scholars aims to create access to a high-quality educational experience in a nurturing environment for families who might otherwise be unable to afford Catholic school tuition. The organization's mission is deeply rooted in the belief that every child deserves a quality education, and they strive to bridge the financial gap that prevents some families from accessing Catholic schools.
Official website here: www.aspiringscholarsla.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Three Stars (80%)
Aspiring Scholars has received an 80% rating from Charity Navigator, earning a Three-Star out of Four Stars designation. This score is derived entirely from its Accountability & Finance metrics, which indicate a strong commitment to fiscal responsibility. The organization boasts an independent board, with 100% of its members being independent and a favorable liabilities to assets ratio of just 1.58%, reflecting solid financial health.
However, there are noted limitations regarding governance policies, as the charity lacks a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, which are critical for enhancing accountability and transparency. Additionally, while the organization has a commendable program expense ratio of 67.08%, which suggests that a significant portion of funds supports its programs, the absence of certain governance documents may raise concerns among potential donors about the organization's overall operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Aspiring Scholars legitimate?
Aspiring Scholars is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aspiring Scholars 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
Official website here: www.aspiringscholarsla.org
What is the mission statement of Aspiring Scholars?
Aspiring Scholars is an organization dedicated to providing access to a high-quality, nurturing educational experience for families who might otherwise be unable to afford Catholic school tuition. Their mission is to offer scholarship assistance to qualified low to moderate income families, enabling them to attend Catholic schools in the greater New Orleans area. This initiative not only benefits the families but also offers donors an opportunity to utilize their tax dollars towards Catholic school scholarships through the state's Tuition Donation Credit Program.
Official website here: www.aspiringscholarsla.org
Who is the CEO of Aspiring Scholars?
Cory Howat is the President of Aspiring Scholars.
Official website here: www.aspiringscholarsla.org
What is the revenue of Aspiring Scholars?
Aspiring Scholars's revenue in 2022 was $557,255.
Official website here: www.aspiringscholarsla.org
Who are the executives of Aspiring Scholars and what are their salaries?
There 3 volunteers at Aspiring Scholars.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aspiringscholarsla.org
Where can I find the form 990 for Aspiring Scholars?
Aspiring Scholars's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aspiringscholarsla.org
Learn more at the official website: www.aspiringscholarsla.org
Mission Statement of Aspiring Scholars
Aspiring Scholars, a nonprofit organization, is committed to providing access to a top-notch educational experience in a nurturing environment for families who otherwise cannot afford Catholic school tuition. Their mission is to extend scholarship assistance to low to moderate income families, enabling them to attend Catholic schools in the Greater New Orleans area. Additionally, Aspiring Scholars offers an opportunity for donors to channel their tax dollars towards Catholic school scholarships through the state's Tuition Donation Credit Program. By doing so, they help bridge the gap between families' financial limitations and the desire for a high-quality Catholic education.
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Impact
July, 2024
Aspiring Scholars helps to provide access to a high-quality educational experience in a nurturing environment for families who may not be able to afford Catholic school tuition. By offering scholarship assistance to qualifying low to moderate-income families in the greater New Orleans area, Aspiring Scholars gives these families the opportunity to choose Catholic school education for their children. Additionally, the organization provides donors with a way to support Catholic school scholarships through the state's tuition donation credit program, allowing them to contribute to the education of children in need. Through its mission, Aspiring Scholars significantly impacts the education sector, particularly in the realm of providing opportunities for families and children to access quality education in a supportive setting.
This information is meant to be a general summary of Aspiring Scholars. 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.
- Gross Receipts: $557,255
Assets and Liabilities:
- Total Assets: $543,304
- Total Liabilities: $38,093
- Net Assets: $505,211
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Organization Details
Founding Year
2019
Phone
(504) 596-3045Principal Officer
Cory Howat
Main Address
7887 WALMSLEY BLVD, NEW ORLEANS, LA, 70125
Website
www.aspiringscholarsla.orgNTEE Category
Code: B80 - Education
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