Overview
What is Kennedy-King Memorial College Scholarship Fund Ltd?
Kennedy-King Memorial College Scholarship Fund Ltd is a California-based nonprofit organization with a primary focus on awarding scholarships. Located in Martinez, CA, they provide financial assistance to underrepresented minority students transferring from Contra Costa Community Colleges to four-year colleges. Each year, they grant 28 undergraduate scholarships worth $12,000 and 7 graduate scholarships valued at $6,000 to former recipients. Their mission is to foster educational opportunities and encourage diversity in higher education. The fund's total scholarship amount is subject to adjustments due to forfeited or returned scholarships.
Official website here: www.kennedyking.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
The Kennedy-King Memorial College Scholarship Fund Ltd has achieved an impressive Four-Star rating from Charity Navigator, indicating strong performance in areas of accountability and transparency. With a perfect score in accountability and finance, the organization demonstrates a commitment to ethical practices, employing 100% independent board members and maintaining necessary policies regarding conflicts of interest and document retention.
The fund excels in its program expense ratio, dedicating over 90% of its expenses to program services, which highlights its focus on fulfilling its mission of providing scholarships. Additionally, its leadership and adaptability scores are perfect, suggesting that the organization is well-managed and capable of adjusting to changing circumstances effectively.
However, while the organization has a high impact and measurement score of 80, there is room for improvement in this area to further demonstrate its effectiveness. Overall, the Kennedy-King Memorial College Scholarship Fund Ltd showcases strong governance and financial health, making it a reliable choice for donors looking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Kennedy-King Memorial College Scholarship Fund Ltd legitimate?
Kennedy-King Memorial College Scholarship Fund Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kennedy-King Memorial College Scholarship Fund Ltd 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:
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Official website here: www.kennedyking.org
What is the mission statement of Kennedy-King Memorial College Scholarship Fund Ltd?
The Kennedy-King Memorial College Scholarship Fund Ltd has a mission to provide financial aid for individuals from underrepresented ethnic groups. This is achieved by offering scholarships to students transferring from community colleges to four-year universities. The fund's primary goal is to help these students complete their four-year degrees. In a given year, the fund awards a significant number of undergraduate scholarships worth $12,000 each and a few graduate scholarships valued at $6,000 each. However, the total amount distributed can be reduced due to scholarships forfeited by previous recipients who did not meet the requirements or funds returned due to students transitioning to other institutions.
Official website here: www.kennedyking.org
Who is the CEO of Kennedy-King Memorial College Scholarship Fund Ltd?
Loella Haskew is the Vp Annual Celeb of Kennedy-King Memorial College Scholarship Fund Ltd.
Official website here: www.kennedyking.org
What is the revenue of Kennedy-King Memorial College Scholarship Fund Ltd?
Kennedy-King Memorial College Scholarship Fund Ltd's revenue in 2022 was $509,959.
Official website here: www.kennedyking.org
Who are the executives of Kennedy-King Memorial College Scholarship Fund Ltd and what are their salaries?
There 45 volunteers at Kennedy-King Memorial College Scholarship Fund Ltd.
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Official website here: www.kennedyking.org
Where can I find the form 990 for Kennedy-King Memorial College Scholarship Fund Ltd?
Kennedy-King Memorial College Scholarship Fund Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kennedyking.org
Learn more at the official website: www.kennedyking.org
Mission Statement of Kennedy-King Memorial College Scholarship Fund Ltd
Kennedy-King Memorial College Scholarship Fund Ltd is an organization committed to providing financial assistance to individuals from ethnic groups underrepresented in colleges. Its mission is to support minority students who are transferring from Contra Costa Community Colleges to four-year colleges by awarding them scholarships. The fund aims to help these students complete their college degrees, thereby increasing the diversity and representation of underrepresented groups in higher education.
The scholarship fund offers undergraduate scholarships of $12,000 each to 28 qualified students. Additionally, it provides graduate scholarships of $6,000 each to former Kennedy-King scholarship recipients. However, the total amount of scholarships awarded in a year is reduced due to scholarships forfeited by recipients who did not fulfill the requirements or funds returned from the program due to students transitioning to other institutions. The specific amount awarded in a year, after deducting forfeitures and returns, was $344,503 for the year in question.
In summary, Kennedy-King Memorial College Scholarship Fund Ltd is a charitable organization that focuses on bridging the gap in higher education for minority students. By providing scholarships, it encourages and supports underrepresented individuals in completing their college degrees, thereby contributing to a more diverse and inclusive higher education landscape.
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Impact
July, 2024
The Kennedy-King Memorial College Scholarship Fund Ltd has a significant impact on minority students in Contra Costa County, California. It awards scholarships to minority students transferring from community colleges to four-year institutions, providing crucial financial assistance to individuals from underrepresented ethnic groups. In the past year, the organization awarded 28 undergraduate scholarships worth $12,000 each and 7 graduate scholarships worth $6,000 each, totaling $344,503. This support not only helps these students achieve their educational goals but also addresses the lack of representation in higher education for minority communities. By facilitating access to higher education, the scholarship fund is contributing to the advancement and empowerment of minority individuals in their pursuit of academic success.
This information is meant to be a general summary of Kennedy-King Memorial College Scholarship Fund Ltd. 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: $88,807
- Gross Receipts: $2,304,569
Assets and Liabilities:
- Total Assets: $2,459,346
- Total Liabilities: $687,000
- Net Assets: $1,772,346
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Organization Details
Founding Year
1968
Phone
(925) 930-9972Principal Officer
Loella Haskew
Main Address
PO BOX 2643, MARTINEZ, CA, 94553
Website
www.kennedyking.orgNTEE Category
Code: B82Z - Education
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