Overview
What is Terraphase Engineering And Science Scholarship Foundation?
Terraphase Engineering and Science Scholarship Foundation is a nonprofit organization situated in Oakland, California. Their primary mission is to foster academic excellence in science and engineering among high school students, with a particular focus on those residing in urban communities. They aim to assist these students in pursuing a career in the environmental industry by offering scholarships. The foundation is committed to promoting and supporting these students' academic journey in engineering and environmental sciences at four-year colleges or universities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Terraphase Engineering and Science Scholarship Foundation has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating is primarily based on the charity's accountability and finance practices, showcasing a strong emphasis on responsible financial management. The organization has demonstrated excellent governance with a fully independent board, scoring top marks in multiple criteria, including board independence and the absence of asset diversions.
The foundation's financial health is notable, with a liabilities to assets ratio of 0.00%, indicating a solid fiscal position. Additionally, a program expense ratio of 86.01% suggests that the vast majority of its expenses are directed toward its charitable mission, which is essential for ensuring that funds are effectively utilized for scholarships. The presence of a conflict of interest policy and the documentation of board meeting minutes further enhance transparency and accountability.
Despite its strengths, the three-star rating indicates there may still be areas for improvement. While the foundation has robust financial practices, the reliance on a single beacon score suggests that a broader assessment of overall organizational effectiveness may be beneficial. Engaging in a more comprehensive evaluation could provide stakeholders with a fuller understanding of the charity's impact beyond just financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Terraphase Engineering And Science Scholarship Foundation legitimate?
Terraphase Engineering And Science Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terraphase Engineering And Science Scholarship Foundation 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
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What is the mission statement of Terraphase Engineering And Science Scholarship Foundation?
The Terraphase Engineering and Science Scholarship Foundation's mission is centered around promoting and supporting academic excellence in science and engineering, specifically for students hailing from urban communities. Their goal is to aid these students in pursuing careers in the environmental industry at four-year colleges or universities. Through their scholarships, they aim to encourage high school students with an interest in engineering and environmental sciences, providing them with the necessary financial support to further their education.
Who is the CEO of Terraphase Engineering And Science Scholarship Foundation?
Jennifer Otto is the President/Director of Terraphase Engineering And Science Scholarship Foundation.
What is the revenue of Terraphase Engineering And Science Scholarship Foundation?
Terraphase Engineering And Science Scholarship Foundation's revenue in 2022 was $23,354.
Who are the executives of Terraphase Engineering And Science Scholarship Foundation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Terraphase Engineering And Science Scholarship Foundation?
Terraphase Engineering And Science Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Terraphase Engineering And Science Scholarship Foundation
The Terraphase Engineering and Science Scholarship Foundation is dedicated to fostering excellence in science and engineering academics among students. Its mission specifically targets students hailing from urban communities who aspire to pursue careers in the environmental industry at four-year colleges or universities. By offering scholarships to these high school students, the foundation aims to support their educational journeys in engineering and environmental sciences. This commitment to urban communities reflects the foundation's belief in nurturing talent in these fields, which are crucial for addressing environmental challenges and promoting sustainable development.
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Impact
August, 2024
Terraphase Engineering And Science Scholarship Foundation's impact can be seen in the support and promotion of excellence in science and engineering academics among high school students from urban communities. By providing scholarships to students with an interest in and intention to study and major in engineering and/or environmental sciences at a four-year college or university, the foundation is helping to nurture the next generation of professionals in these fields. This not only supports individual students in pursuing their academic and career goals but also contributes to the advancement of the environmental industry by fostering a diverse and talented workforce.
This information is meant to be a general summary of Terraphase Engineering And Science Scholarship Foundation. 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: $23,354
Assets and Liabilities:
- Total Assets: $250,000
- Total Liabilities: $0
- Net Assets: $250,000
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Organization Details
Founding Year
2020
Phone
(510) 645-1850Principal Officer
Jennifer Otto
Main Address
1300 CLAY STREET 1000, OAKLAND, CA, 94612
NTEE Category
Code: B82 - Education
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