Overview
What is Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee?
The Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee is a charitable organization primarily focused on granting funds to the Denver Scholarship Foundation. This foundation, in turn, uses these resources to award college scholarships for graduating seniors from the Denver Public Schools. The Robert W. Scott Scholarship Trust's mission is to contribute financially to this cause, thereby aiding deserving students in pursuit of higher education. The trust is headquartered in Corte Madera, California.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 63% overall score)
The Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee has been rated as "Needs Improvement" by Charity Navigator, indicating that there are several areas in which the organization could enhance its operations and transparency. While the organization has a strong score in maintaining a majority of independent board members, it lacks in crucial areas such as having a conflict of interest policy, whistleblower policy, and proper document retention practices, which are essential for accountability.
Despite these shortcomings, the organization's financial health appears stable, as evidenced by a liabilities to assets ratio of 0.00% and a high program expense ratio of 76.98%. This indicates that a significant portion of their funds is directed towards their programs rather than administrative costs. However, the absence of a website listed on their tax form and other transparency measures suggest a need for improvement in communication with stakeholders.
Overall, while the Robert W Scott Scholarship Trust Co has strengths in board independence and program funding, the lack of essential policies and transparency measures raises concerns about its governance and accountability practices. Improvements in these areas could enhance its overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee legitimate?
Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee 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: $31,712
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee?
The Robert W. Scott Scholarship Trust, co-managed by Kurt Trutner, has a mission to support the Denver Scholarship Foundation financially. This mission is centered around providing funds to grant college scholarships to seniors who have graduated from Denver Public Schools. The objective is to contribute to their higher education, thereby enabling these students to pursue their academic goals and potentially enhance their opportunities in life. The grants are exclusively directed towards the Denver Scholarship Foundation for the purpose of awarding these scholarships.
What is the revenue of Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee?
Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee's revenue in 2023 was $116,790.
Who are the executives of Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $15,856
- Related: $0
- Other: $0
- Compensation: $15,856
- Related: $0
- Other: $0
Where can I find the form 990 for Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee?
Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee
The Robert W. Scott Scholarship Trust, led by Co-Trustee Kurt Trutner, is committed to fulfilling its mission. This mission involves providing a consistent income stream to the Denver Scholarship Foundation. The primary objective of this income is to fund college scholarships for senior students who are about to graduate from the secondary schools within the Denver Public Schools system. By doing so, the Robert W. Scott Scholarship Trust aims to make higher education more accessible to these students, thereby empowering them to pursue their academic aspirations and build a better future for themselves. The Trust's contributions to the Denver Scholarship Foundation serve as a vital source of financial assistance, enabling deserving students to pursue their college education and unlock their full potential.
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Impact
October, 2024
The Robert W. Scott Scholarship Trust, co-trusteeed by Kurt Trutner, plays a vital role in supporting the educational aspirations of high school seniors in the Denver Public Schools. By providing financial support to the Denver Scholarship Foundation, the trust ensures that students have access to college scholarships that can significantly alleviate the financial burden of higher education. This initiative not only empowers individuals to pursue their academic goals but also contributes to the overall advancement of the community by fostering a well-educated populace. The trust's commitment to education has a lasting impact, helping to open doors and create opportunities for future generations.
This information is meant to be a general summary of Robert W Scott Scholarship Trust Co Kurt Trutner Co-Trustee. 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: $104,154
- Gross Receipts: $119,932
Assets and Liabilities:
- Total Assets: $3,026,469
- Total Liabilities: $0
- Net Assets: $3,026,469
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Organization Details
Founding Year
1985
Principal Officer
Kurt Trutner
NTEE Category
Code: B82 - Education
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