Overview
What is Greater Seattle Business Assn Scholarship Fund?
The Greater Seattle Business Association Scholarship Fund is a nonprofit organization situated in Seattle, Washington, specifically at 400 E PINE STREET 322. Their primary purpose is to provide educational scholarships and leadership development opportunities for undergraduate and graduate LGBTQ students who demonstrate strong academic abilities, leadership potential, and active involvement in school and community organizations. The selection process involves 130 volunteers who conduct interviews and choose 60 scholars annually. Their mission is to empower these students, fostering their growth and success in their academic pursuits and beyond.
Official website here: www.thegsba.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Greater Seattle Business Association Scholarship Fund has received a commendable rating of 81%, which reflects a solid performance in both accountability and finance as well as impact and measurement. The organization has demonstrated excellence in maintaining an independent board, with 100% of its members being independent. This level of governance is beneficial for transparency and aligns with best practices in nonprofit management.
Financially, the fund shows a strong program expense ratio of 83.10%, indicating that the majority of its expenditures are directed towards its programs rather than administrative costs. Additionally, the organization has no reported material diversion of assets, which is a positive sign of financial integrity. The absence of significant liabilities further strengthens its financial outlook.
While the overall scores are favorable, there is always room for improvement. The organization could benefit from enhanced strategies in measuring impact, as it continues to evaluate and communicate its outcomes effectively. Overall, the Greater Seattle Business Association Scholarship Fund appears to be a trustworthy organization that is committed to its mission and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Seattle Business Assn Scholarship Fund legitimate?
Greater Seattle Business Assn Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Seattle Business Assn 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: $5,500
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thegsba.org
What is the mission statement of Greater Seattle Business Assn Scholarship Fund?
The Greater Seattle Business Association Scholarship Fund's mission is centered around providing educational scholarships and leadership development opportunities for undergraduate and graduate students who identify as LGBTQ or allies. The scholarship program aims to support students who exhibit leadership potential, maintain strong academic abilities, and are actively engaged in school and community organizations. The selection process for these scholarships involves a rigorous interview process conducted by over 130 volunteers, ultimately awarding scholarships to 60 deserving students annually. The fund's activities are geared towards nurturing future leaders within the LGBTQ community.
Official website here: www.thegsba.org
Who is the CEO of Greater Seattle Business Assn Scholarship Fund?
Ilona Lohrey is the Vp Membership And Programs of Greater Seattle Business Assn Scholarship Fund. The CEO's salary of Greater Seattle Business Assn Scholarship Fund is $0 and their total compensation is $68,997.
Official website here: www.thegsba.org
What is the revenue of Greater Seattle Business Assn Scholarship Fund?
Greater Seattle Business Assn Scholarship Fund's revenue in 2022 was $1,043,551.
Official website here: www.thegsba.org
Who are the executives of Greater Seattle Business Assn Scholarship Fund and what are their salaries?
There 130 volunteers at Greater Seattle Business Assn Scholarship Fund.
Here are 33 key members and their salaries (Greater Seattle Business Assn Scholarship Fund's CEO's salary is $0 and their total compensation is $68,997):
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- Other: $10,492
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Official website here: www.thegsba.org
Where can I find the form 990 for Greater Seattle Business Assn Scholarship Fund?
Greater Seattle Business Assn Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thegsba.org
Learn more at the official website: www.thegsba.org
Mission Statement of Greater Seattle Business Assn Scholarship Fund
The Greater Seattle Business Association Scholarship Fund is committed to providing educational scholarships and fostering leadership development for undergraduate and graduate students who identify as LGBTQ or are allies. This nonprofit organization awards scholarships to individuals who demonstrate strong academic abilities, exhibit leadership potential, and are actively engaged in school and community organizations. The selection process involves 130 volunteers who interview and choose 60 recipients each year, ensuring a comprehensive and fair assessment. By offering these scholarships, the Greater Seattle Business Association Scholarship Fund empowers the selected students to pursue their academic goals and contribute to their communities.
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Impact
July, 2024
The Greater Seattle Business Association Scholarship Fund provides educational scholarships and leadership development opportunities for undergraduate and graduate LGBTQ and allied students in Seattle, Washington. Through its rigorous interview selection process involving 130 volunteers, the fund awards scholarships to 60 deserving students each year. By supporting students who exhibit leadership potential, academic excellence, and community involvement, the fund is making a direct impact on the lives and future success of LGBTQ and allied students in the Seattle area.
This information is meant to be a general summary of Greater Seattle Business Assn 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: -$3,345
- Gross Receipts: $1,566,344
Assets and Liabilities:
- Total Assets: $4,152,854
- Total Liabilities: $182,172
- Net Assets: $3,970,682
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Organization Details
Founding Year
1990
Phone
(206) 363-9188Principal Officer
Ilona Lohrey
Main Address
400 E PINE STREET 322, SEATTLE, WA, 98122
Website
www.thegsba.orgIf you are a representative of Greater Seattle Business Assn Scholarship Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.