Overview
What is Swiss Benevolent Society?
The Swiss Benevolent Society, identified as SBSSF, is a nonprofit organization situated in San Francisco, California. Their primary mission revolves around providing scholarship opportunities for eligible applicants pursuing higher education at accredited universities or colleges within the United States. Beyond scholarships, the organization also offers benevolent support to those in need from Switzerland. Their activities are aimed at uplifting deserving young Swiss students attending colleges or universities and extending aid to financially struggling Swiss citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
The Swiss Benevolent Society has achieved a solid score of 83%, indicating a commendable level of accountability and finance management. This rating is primarily based on their strong commitment to maintaining an independent board, with 100% of its board members being independent, which reflects positively on their governance practices. Additionally, the organization demonstrates a high program expense ratio of 90.14%, suggesting that a significant portion of their funds is directed towards their programs rather than administrative costs.
While the charity excels in several areas, it does have some limitations in its policies. Notably, the society lacks a whistleblower policy and a document retention and destruction policy, which could pose risks in terms of transparency and compliance. However, they have successfully documented their board meeting minutes and listed their website on the tax form, indicating a level of diligence in record-keeping.
Overall, the Swiss Benevolent Society's strong financial management and independent oversight are significant strengths, but addressing the missing policies could further enhance their accountability and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Swiss Benevolent Society legitimate?
Swiss Benevolent Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swiss Benevolent Society 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.
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What is the mission statement of Swiss Benevolent Society?
The Swiss Benevolent Society is committed to supporting deserving Swiss students pursuing higher education by providing scholarships. Additionally, the organization offers benevolent assistance to needy Swiss individuals. The scholarship program allows qualified applicants to attend college or university in any field of their choice at any accredited institution in the United States. This societal body aims to aid those in need, thereby contributing to their academic and personal growth.
Who is the CEO of Swiss Benevolent Society?
Ruedi Sandmeier is the President of Swiss Benevolent Society.
What is the revenue of Swiss Benevolent Society?
Swiss Benevolent Society's revenue in 2022 was $73,981.
Who are the executives of Swiss Benevolent Society and what are their salaries?
There 14 volunteers at Swiss Benevolent Society.
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Where can I find the form 990 for Swiss Benevolent Society?
Swiss Benevolent Society's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Swiss Benevolent Society
The Swiss Benevolent Society is an organization that dedicates its efforts to supporting deserving young Swiss students pursuing higher education and providing benevolent assistance to needy Swiss individuals. Through its mission, the organization offers a scholarship program, enabling eligible applicants to attend colleges or universities in the United States across various fields of study at accredited institutions. This initiative not only provides financial aid but also opens doors to higher education opportunities for deserving Swiss students. Additionally, the Swiss Benevolent Society extends its benevolent assistance to needy Swiss individuals, ensuring they receive the necessary support during challenging times. The organization's mission is instrumental in empowering young Swiss individuals and offering essential aid to those in need, contributing positively to the Swiss community as a whole.
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Impact
August, 2024
The Swiss Benevolent Society in San Francisco, California, has a significant impact on the lives of deserving young Swiss students and needy individuals. By providing scholarship programs for higher education and benevolent support, the organization plays a crucial role in ensuring that these individuals have the resources and assistance they need to pursue their educational and personal aspirations. Through their efforts, the Swiss Benevolent Society contributes to the empowerment and support of the Swiss community in the United States, making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Swiss Benevolent Society. 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: $57,186
- Program Service Revenue: $1,600
- Gross Receipts: $74,020
Assets and Liabilities:
- Total Assets: $1,480,374
- Total Liabilities: $0
- Net Assets: $1,480,374
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETING INCOME
Revenue
$1,300
SPRING PARTY INCOME
Revenue
$300
Organization Details
Founding Year
1886
Phone
(415) 847-8146Principal Officer
Ruedi Sandmeier
Main Address
PIER 17 SUITE 600, SAN FRANCISCO, CA, 941110000
NTEE Category
Code: B82Z - Education
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