Overview
What is Lake Chelan Valley Scholarship Fund?
The Lake Chelan Valley Scholarship Fund is a nonprofit organization dedicated to providing financial aid for higher education. Established with support from the local community, its sources of funding include bequests and memorials. Unlike many organizations, it does not engage in fundraising activities and instead invests its funds. The earnings from these investments are used to grant scholarships to deserving college-bound students. The organization is known for its minimal administrative expenses and does not compensate its personnel, demonstrating its commitment to its primary mission.
Is Lake Chelan Valley Scholarship Fund legitimate?
Lake Chelan Valley Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Chelan Valley Scholarship Fund 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 Lake Chelan Valley Scholarship Fund?
The Lake Chelan Valley Scholarship Fund's primary objective is to offer financial aid for higher education to eligible students. It primarily relies on support from the local community, received through bequests and memorials. The organization does not have any outstanding debts and does not engage in fundraising activities. Instead, the funds are investeed, and the earnings are utilized to grant scholarships to deserving college-bound students. The administrative expenses of the organization are kept to a minimum, and no compensation is given to any individuals.
Who is the CEO of Lake Chelan Valley Scholarship Fund?
Betsy Kronschnabel is the President of Lake Chelan Valley Scholarship Fund.
What is the revenue of Lake Chelan Valley Scholarship Fund?
Lake Chelan Valley Scholarship Fund's revenue in 2022 was $14,474.
Who are the executives of Lake Chelan Valley Scholarship Fund and what are their salaries?
There 10 volunteers at Lake Chelan Valley Scholarship Fund.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Lake Chelan Valley Scholarship Fund?
Lake Chelan Valley Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Chelan Valley Scholarship Fund
Lake Chelan Valley Scholarship Fund is an organization dedicated to supporting higher education by providing financial assistance to college-bound students. Funding for this cause comes primarily from the local community, through bequests and memorials. Unlike many other organizations, Lake Chelan Valley Scholarship Fund does not engage in fundraising activities and has no outstanding debts. Instead, the funds are invested, and the earnings are used to award scholarships. The organization's administrative expenses are kept to a minimum, and no compensation is paid to its staff or members.
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Impact
August, 2024
The Lake Chelan Valley Scholarship Fund provides crucial financial assistance for higher education to college-bound students in need. This impact is made possible by the generous support of the general public through bequests and memorials from the community. With minimal administrative expenses and no fundraising activities, the organization is able to invest funds and allocate earnings towards awarding scholarships. As a result, the Lake Chelan Valley Scholarship Fund plays a vital role in helping students pursue their educational goals and achieve success.
This information is meant to be a general summary of Lake Chelan Valley Scholarship Fund. 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: $14,474
- Gross Receipts: $202,378
Assets and Liabilities:
- Total Assets: $1,251,297
- Total Liabilities: $0
- Net Assets: $1,251,297
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Organization Details
Founding Year
2000
Principal Officer
Betsy Kronschnabel
Main Address
PO Box 1016, Chelan, WA, 98816
NTEE Category
Code: B82 - Education
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