Overview
What is Mother Mary Raymond Scholarship Fund C/O Dominican University?
Mother Mary Raymond Scholarship Fund, affiliated with Dominican University located in San Rafael, California, is a nonprofit organization. Its sole purpose is to offer financial aid in the form of scholarships to students associated with Dominican University. The grants are extended to relatives of students and alumni, helping to lessen their educational expenses. This philanthropic initiative aims to support the academic pursuits of these individuals, thereby contributing to their overall development and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
The Mother Mary Raymond Scholarship Fund, affiliated with Dominican University, has received a two-star rating from Charity Navigator, indicating that it needs improvement. With an overall score of 73%, the organization demonstrates strong accountability and finance practices, scoring 100% in this area. Notably, the fund has an independent board with a perfect score for both board size and majority independent members, which reflects a commitment to governance and oversight.
Strengths of the organization include a very favorable liabilities to assets ratio of 0.00%, indicating no overwhelming debts, and an impressive program expense ratio of 93.03%, suggesting that the majority of its resources are allocated directly to its programs. Additionally, the fund effectively documents its board meeting minutes, showcasing transparency in its operations.
However, despite these positive aspects, the overall rating indicates that there are areas that require attention for improvement. Potential donors may want to consider these factors while assessing the fund's effectiveness and impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Mother Mary Raymond Scholarship Fund C/O Dominican University legitimate?
Mother Mary Raymond Scholarship Fund C/O Dominican University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mother Mary Raymond Scholarship Fund C/O Dominican University 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 Mother Mary Raymond Scholarship Fund C/O Dominican University?
The Mother Mary Raymond Scholarship Fund's sole purpose is to offer financial aid to students at Dominican University of California in San Rafael, California. This fund provides scholarships that benefit the relatives of students and alumni. Its primary activity is centered around supporting the educational aspirations of these individuals, thereby contributing to their academic journey.
Who is the CEO of Mother Mary Raymond Scholarship Fund C/O Dominican University?
Mr Vincent Patterson is the Director of Mother Mary Raymond Scholarship Fund C/O Dominican University.
What is the revenue of Mother Mary Raymond Scholarship Fund C/O Dominican University?
Mother Mary Raymond Scholarship Fund C/O Dominican University's revenue in 2022 was $86,644.
Who are the executives of Mother Mary Raymond Scholarship Fund C/O Dominican University and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Mother Mary Raymond Scholarship Fund C/O Dominican University?
Mother Mary Raymond Scholarship Fund C/O Dominican University's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mother Mary Raymond Scholarship Fund C/O Dominican University
The Mother Mary Raymond Scholarship Fund, an entity affiliated with Dominican University of California, has a singular and distinct mission. Their primary objective is to offer financial aid in the form of scholarships to students enrolled at Dominican University of California in San Rafael, California. This scholarship fund extends its support not only to the students themselves but also to their relatives and alumni. By providing these scholarships, the Mother Mary Raymond Scholarship Fund aims to make higher education more accessible and affordable, thereby enabling deserving individuals to pursue their academic goals.
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Impact
October, 2024
The Mother Mary Raymond Scholarship Fund significantly impacts students at Dominican University of California by providing financial assistance that enables them to pursue their education with less financial burden. This support is particularly beneficial for relatives of current students and alumni, fostering a legacy of education within families. By alleviating some of the financial pressures associated with higher education, the scholarship fund promotes access to academic opportunities, enhances the overall student experience, and empowers individuals to achieve their educational and career goals. This initiative contributes to the growth of a diverse and capable student body at Dominican University, ultimately enriching the community and society as a whole.
This information is meant to be a general summary of Mother Mary Raymond Scholarship Fund C/O Dominican University. 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: $72,032
- Gross Receipts: $86,644
Assets and Liabilities:
- Total Assets: $548,646
- Total Liabilities: $0
- Net Assets: $548,646
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Organization Details
Principal Officer
Mr Vincent Patterson
Main Address
PO BOX 5397, NOVATO, CA, 94948
NTEE Category
Code: B42I - Education
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