Overview
What is The Joseph Scholarship Foundation Inc?
The Joseph Scholarship Foundation Inc, a 501(c)(3) organization located in Flushing, New York, is dedicated to supporting students from Christian families in their pursuit of higher education. They offer financial assistance in the form of grants, ranging from $2,000 to $5,000 per student, for undergraduate, graduate, and associate degree programs, including theological seminaries. The foundation actively engages in various activities within the tri-state area of New York, New Jersey, and Connecticut, furthering its mission of promoting higher education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating. This rating reflects a strong focus on accountability and finance, indicating that The Joseph Scholarship Foundation Inc operates with transparency and effective financial management. A Three-Star rating suggests that while the organization is performing well, there may still be areas for improvement.
The Joseph Scholarship Foundation Inc has achieved a perfect score in several critical areas, including having a fully independent board comprised of three members, and demonstrating no material diversion of assets. Their commitment to maintaining a conflict of interest policy and documenting board meeting minutes further showcases their dedication to operational integrity. Additionally, the organization maintains a low liabilities to assets ratio, which is a positive indicator of financial health.
However, there is room for enhancement, particularly in the program expense ratio, which stands at 69.52%. While this figure is commendable, it suggests that there may be opportunities for the organization to further increase its investment in programs that directly support its mission. Overall, the foundation shows promise in its accountability and governance practices, positioning it favorably among similar organizations.
This AI summary has been generated from information found on Charity Navigator.
Is The Joseph Scholarship Foundation Inc legitimate?
The Joseph Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Joseph 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Joseph Scholarship Foundation Inc?
The Joseph Scholarship Foundation Inc., as a charitable, religious, and educational organization, operates under Section 501(c)(3) of the Internal Revenue Code. Its mission is to facilitate access to higher education by providing direct assistance to students and actively engaging in various aspects of the tri-state metropolitan area (New York, New Jersey, and Connecticut). The foundation aims to open doors to academic opportunities for individuals, contributing to their personal growth and development.
What is the revenue of The Joseph Scholarship Foundation Inc?
The Joseph Scholarship Foundation Inc's revenue in 2024 was $24,130.
Who are the executives of The Joseph Scholarship Foundation Inc and what are their salaries?
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
Where can I find the form 990 for The Joseph Scholarship Foundation Inc?
The Joseph Scholarship Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Joseph Scholarship Foundation Inc
The Joseph Scholarship Foundation, Inc., functioning under Section 501(c)(3) of the Internal Revenue Code, serves as a charitable, religious, and educational organization. Its mission is centered around opening doors to higher education for students, achieving this goal through direct assistance programs and active involvement in various aspects of the tri-state (New York, New Jersey, and Connecticut) metropolitan area. The organization's efforts are geared towards providing opportunities for students to pursue their academic aspirations, thereby contributing to the broader community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Joseph Scholarship Foundation Inc provides vital support to students in Christian families, helping them access higher education through outright grants. This assistance ranges from $2,000 to $5,000 per student annually, enabling individuals to pursue graduate, bachelor's, and associate degrees, including theological seminaries. By offering direct financial aid and actively engaging in the Tri-State Metro Area, The Joseph Scholarship Foundation Inc plays a crucial role in empowering students and expanding educational opportunities.
This information is meant to be a general summary of The Joseph 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 2024.
- Investment Income: $18,031
- Gross Receipts: $24,130
Assets and Liabilities:
- Total Assets: $523,905
- Total Liabilities: $0
- Net Assets: $523,905
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2020
Principal Officer
Mi-Eun Chang
NTEE Category
Code: B82 - Education
If you are a representative of The Joseph Scholarship Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.