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Toledo Scholarship And Academic

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 943119147 ✦ Toledo, WA ✦ Designated as a 501(c)(3)

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Overview

What is Toledo Scholarship And Academic?

Toledo Scholarship and Academic is a nonprofit organization dedicated to offering academic scholarships for graduating seniors. With a mission to provide student financial aid services, they distribute a total of 25 scholarships. Their primary activity revolves around academic scholarships, aiming to support the educational pursuits of deserving students in the community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 53%, One-Star out of Four Star rating.

Toledo Scholarship And Academic has received a low rating of 53% from Charity Navigator, indicating concerns regarding its accountability and financial practices. The lack of independent board members, with 0% independence, raises questions about governance and oversight. Additionally, critical policies such as conflict of interest and whistleblower protections are missing, which could affect trust in the organization.

On a positive note, Toledo Scholarship And Academic has demonstrated a strong program expense ratio of 100%, meaning all of its expenses are directed towards its programs. This shows a commitment to its mission, suggesting that the organization prioritizes the intended impact of its services. However, the absence of transparency measures, such as a website linked to tax forms and missing documentation policies, highlights significant areas where improvement is necessary.

Overall, while Toledo Scholarship And Academic appears to effectively utilize its funds for programming, the lack of essential governance frameworks and transparency raises concerns for potential donors and stakeholders. Enhanced accountability measures could help bolster the organization's standing and foster greater community trust.


This AI summary has been generated from information found on Charity Navigator.

Is Toledo Scholarship And Academic legitimate?

Toledo Scholarship And Academic is a legitimate nonprofit organization registered as a 501(c)(3) entity. Toledo Scholarship And Academic 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 Toledo Scholarship And Academic?

Toledo Scholarship and Academic is committed to offering academic scholarships to graduating seniors, with a total of 25 scholarships available. The organization's primary focus lies in providing student financial aid services, specifically through scholarship programs. This non-profit entity aims to aid students in pursuing their higher education goals by alleviating financial burdens. By offering these scholarships, Toledo Scholarship and Academic plays a significant role in empowering young individuals to further their education and achieve their academic aspirations.

Who is the CEO of Toledo Scholarship And Academic?

Shelia Richardson is the President of Toledo Scholarship And Academic.

What is the revenue of Toledo Scholarship And Academic?

Toledo Scholarship And Academic's revenue in 2022 was $80,123.

Who are the executives of Toledo Scholarship And Academic and what are their salaries?


Here are 4 key members and their salaries:


Jacquelyn Steveson (Sec)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Hull (Chief Financial Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelia Richardson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patti Bowen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Toledo Scholarship And Academic?

Toledo Scholarship And Academic's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Toledo Scholarship And Academic

Toledo Scholarship and Academic is an organization dedicated to offering academic scholarships to graduating seniors. With a focus on student financial aid services, this nonprofit provides 25 scholarships in total to support deserving students. By specializing in scholarships, Toledo Scholarship and Academic plays a crucial role in making higher education more accessible to deserving individuals, thereby empowering them to pursue their academic dreams.

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Impact




August, 2024

Toledo Scholarship And Academic provides academic scholarships for graduating seniors in Toledo, Washington. Their impact lies in the opportunity they offer to students in pursuing their academic goals without financial barriers. With a total of 25 scholarships available, this organization plays a crucial role in supporting students to further their education and achieve their academic potential. Through their specialized student financial aid services, Toledo Scholarship And Academic contributes to empowering the community by investing in the education and future success of its youth.




This information is meant to be a general summary of Toledo Scholarship And Academic. 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.

Revenue
$80,123 (2022)
Expenses
$41,366 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $32,363
  • Gross Receipts: $80,123

Assets and Liabilities:

  • Total Assets: $777,342
  • Total Liabilities: $0
  • Net Assets: $777,342

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Organization Details

Founding Year

2000

Principal Officer

Shelia Richardson

Main Address

PO BOX 524, TOLEDO, WA, 98591

NTEE Category

Code: B82Z - Education

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