Overview
What is Banks High School Alumni Foundation Inc?
The Banks High School Alumni Foundation Inc, based in Hillsboro, Oregon, is a nonprofit organization with a mission to provide financial support for the higher education of its alumni. Specifically, they pay scholarship amounts to various universities on behalf of their graduates. This financial aid seeks to help these individuals continue their academic journeys, thereby contributing to their future success. The foundation's primary activity revolves around offering financial assistance, thereby empowering its alumni to pursue their educational goals.
Official website here: www.banks.k12.or.us/alumni-foundation.html
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Banks High School Alumni Foundation Inc has received a solid Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and finance management. The overall score is derived entirely from their financial practices, reflecting a strong emphasis on responsible governance and transparency, crucial for donor confidence.
Strengths of the organization include a fully independent board, with all ten members meeting the independence criteria. The foundation also demonstrates exceptional fiscal responsibility, with no material diversion of assets reported. Additionally, their program expense ratio is notably high at 98.79%, signifying that nearly all funds are directed towards their programs rather than administrative costs.
While the financials are commendable, the single beacon score suggests that there may be areas for improvement in other aspects of the organization not captured by this rating. Overall, the foundation appears to be well-managed in terms of financial accountability, which is vital for its ongoing support and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Banks High School Alumni Foundation Inc legitimate?
Banks High School Alumni Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Banks High School Alumni 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
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Official website here: www.banks.k12.or.us/alumni-foundation.html
What is the mission statement of Banks High School Alumni Foundation Inc?
The Banks High School Alumni Foundation Inc's mission revolves around providing financial support for the higher education of its graduates. This organization aims to contribute financially to the universities attended by its alumni, thereby facilitating their future academic pursuits. The primary goal of the foundation is to empower its former students, ensuring they have access to educational opportunities that can shape their futures. The foundation's activities primarily involve disbursing scholarship amounts, thereby aiding the financial needs of the Banks High School alumni in their academic journeys.
Official website here: www.banks.k12.or.us/alumni-foundation.html
Who is the CEO of Banks High School Alumni Foundation Inc?
Rebecca Mehringer is the President of Banks High School Alumni Foundation Inc.
Official website here: www.banks.k12.or.us/alumni-foundation.html
What is the revenue of Banks High School Alumni Foundation Inc?
Banks High School Alumni Foundation Inc's revenue in 2023 was $60,811.
Official website here: www.banks.k12.or.us/alumni-foundation.html
Who are the executives of Banks High School Alumni Foundation Inc and what are their salaries?
There 8 volunteers at Banks High School Alumni Foundation Inc.
Here are 6 key members and their salaries:
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Official website here: www.banks.k12.or.us/alumni-foundation.html
Where can I find the form 990 for Banks High School Alumni Foundation Inc?
Banks High School Alumni Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.banks.k12.or.us/alumni-foundation.html
Learn more at the official website: www.banks.k12.or.us/alumni-foundation.html
Mission Statement of Banks High School Alumni Foundation Inc
The Banks High School Alumni Foundation Inc is dedicated to providing financial support for the higher education of its alumni. This mission is carried out by dispersing scholarship funds to universities, benefiting the graduates of Banks High School. The organization's primary activity revolves around this financial aid, aiming to contribute to the future academic pursuits of its alumni.
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Impact
August, 2024
The Banks High School Alumni Foundation Inc has a significant impact on the future education of Banks High School graduates. By providing financial support in the form of scholarships, this organization ensures that alumni have the resources they need to pursue higher education at universities. This support not only benefits individual alumni but also contributes to the overall educational advancement of the Banks High School community.
This information is meant to be a general summary of Banks High School Alumni 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 2023.
- Investment Income: $54,311
- Gross Receipts: $60,811
Assets and Liabilities:
- Total Assets: $1,052,858
- Total Liabilities: $0
- Net Assets: $1,052,858
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Organization Details
Founding Year
1988
Phone
(503) 476-6426Principal Officer
Rebecca Mehringer
Main Address
19700 SW NEUGEBAUER RD, HILLSBORO, OR, 97123
NTEE Category
Code: B84 - Education
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