Overview
What is Nierling Family Scholarship Jamestown College Trust?
The Nierling Family Scholarship Jamestown College Trust is a nonprofit organization based in Jamestown, North Dakota, specifically at 6088 College Lane. Its primary purpose is to support Jamestown College by distributing its net income to provide scholarships. The trust's mission is to invest its funds wisely to generate a consistent income stream for the college, thereby enabling it to offer scholarships to deserving students. This initiative aims to facilitate higher education opportunities for individuals in the community, contributing to their personal growth and socio-economic development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 63%)
The Nierling Family Scholarship Jamestown College Trust has received a Two-Star rating from Charity Navigator, reflecting a need for improvement in its accountability and finance practices. While it scored well in areas such as having a majority of independent board members and a favorable liabilities to assets ratio, overall performance indicates significant weaknesses in governance practices.
The organization excels in its financial management, as evidenced by a high score for program expense ratio and material diversion of assets. However, the lack of independent board size and failure to implement essential policies, such as conflict of interest and whistleblower policies, raises concerns about its governance structure. Additionally, the absence of publicly available board meeting minutes and tax forms on its website points to a lack of transparency.
Overall, while the Nierling Family Scholarship Jamestown College Trust demonstrates strong financial health, it must address its governance shortcomings to build trust and credibility with stakeholders. Enhancements in accountability measures could lead to better performance ratings in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Nierling Family Scholarship Jamestown College Trust legitimate?
Nierling Family Scholarship Jamestown College Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nierling Family Scholarship Jamestown College Trust 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 Nierling Family Scholarship Jamestown College Trust?
The Nierling Family Scholarship Jamestown College Trust's mission is centered around investing the funds of the trust to generate income. This income is then distributed to Jamestown College for the purpose of providing scholarships to eligible individuals. By doing so, the trust aims to contribute to the education of students, thereby fostering opportunities for their personal and professional growth. The trust's activities are focused on providing financial assistance, thereby enabling deserving students to pursue their academic goals. The mission of the trust aligns with the belief that education is a fundamental right and a key to a better future.
Who is the CEO of Nierling Family Scholarship Jamestown College Trust?
Tena Lawrence is the Trustee of Nierling Family Scholarship Jamestown College Trust.
What is the revenue of Nierling Family Scholarship Jamestown College Trust?
Nierling Family Scholarship Jamestown College Trust's revenue in 2022 was $28,618.
Who are the executives of Nierling Family Scholarship Jamestown College Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nierling Family Scholarship Jamestown College Trust?
Nierling Family Scholarship Jamestown College Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nierling Family Scholarship Jamestown College Trust
The Nierling Family Scholarship Jamestown College Trust is established with a mission to invest its funds meticulously, with the primary goal of generating income. This income is then allocated towards providing scholarships to Jamestown College. By doing so, the trust aims to support deserving students financially, thereby enabling them to pursue their academic journeys without financial constraints. The mission of the Nierling Family Scholarship Jamestown College Trust is a testament to its dedication towards education and its belief in the transformative power of higher learning.
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Impact
August, 2024
The Nierling Family Scholarship Jamestown College Trust's impact lies in its ability to provide financial support to Jamestown College for scholarships. By distributing its net income to the college, the trust allows students to pursue higher education without the burden of hefty tuition fees. This support not only benefits individual students by making education more accessible but also contributes to the overall development and success of the college. The trust's mission to invest funds in scholarships directly enriches the educational opportunities available to students at Jamestown College, ultimately helping to shape a more educated and skilled workforce for the future.
This information is meant to be a general summary of Nierling Family Scholarship Jamestown College Trust. 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: $28,618
- Gross Receipts: $79,627
Assets and Liabilities:
- Total Assets: $682,961
- Total Liabilities: $0
- Net Assets: $682,961
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Organization Details
Founding Year
2000
Phone
(701) 252-3467Principal Officer
Tena Lawrence
Main Address
6088 COLLEGE LANE, JAMESTOWN, ND, 58405
NTEE Category
Code: B82 - Education
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