Overview
What is Charles R Hemenway Scholarship Trust?
The Charles R Hemenway Scholarship Trust is a philanthropic organization that offers scholarships to undergraduate students at the University of Hawaii. This nonprofit entity, guided by its committee, aims to help these students achieve their academic goals by providing financial support for their education. The mission of the Charles R Hemenway Scholarship Trust is fundamentally focused on education, aiming to make higher learning opportunities more accessible to deserving individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating. This rating indicates a solid performance, primarily focusing on accountability and finance. An overall score derived from a single beacon score suggests that this nonprofit is financially responsible and adheres to high standards of transparency.
The Charles R Hemenway Scholarship Trust has demonstrated strong governance, as evidenced by its 100% independent board members and well-maintained policies on conflict of interest, whistleblowing, and document retention. The organization effectively manages its resources, with a liabilities to assets ratio of 0.00%, reflecting no debt. Furthermore, it allocates a significant portion of its budget to program expenses, achieving a program expense ratio of 83.29%.
While the organization has achieved commendable scores in all assessed areas, the reliance on a single beacon score means potential stakeholders may want to consider additional qualitative factors when evaluating the nonprofit. Overall, the trust appears to be a reliable entity focused on its mission of providing scholarships, with strong financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Charles R Hemenway Scholarship Trust legitimate?
Charles R Hemenway Scholarship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charles R Hemenway Scholarship Trust 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: $66,024
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Charles R Hemenway Scholarship Trust?
The Charles R Hemenway Scholarship Trust's mission is centered around providing financial aid for undergraduate students at the University of Hawaii, enabling them to pursue their education. The scholarships are granted based on approval by the trust's committee. This educational support aims to empower these students in their academic journey. The trust does not engage in any other activities beyond this educational mission.
Who is the CEO of Charles R Hemenway Scholarship Trust?
Unavailable
What is the revenue of Charles R Hemenway Scholarship Trust?
Charles R Hemenway Scholarship Trust's revenue in 2023 was $143,606.
Who are the executives of Charles R Hemenway Scholarship Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $66,023
- Related: $0
- Other: $0
Where can I find the form 990 for Charles R Hemenway Scholarship Trust?
Charles R Hemenway Scholarship Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Charles R Hemenway Scholarship Trust
The Charles R. Hemenway Scholarship Trust, an educational organization, is committed to awarding scholarships to undergraduate students at the University of Hawaii. This nonprofit entity's mission is to support these students in their academic pursuits, authorizing the distribution of scholarships based on the discretion of its committee. The Charles R. Hemenway Scholarship Trust plays a vital role in assisting talented and dedicated students in achieving their educational goals at the University of Hawaii.
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Impact
October, 2024
The Charles R. Hemenway Scholarship Trust plays a significant role in supporting undergraduate students at the University of Hawaii by providing essential financial assistance for their educational journeys. By awarding scholarships, it alleviates some of the financial burdens that students face, allowing them to focus more on their studies and personal growth. This support fosters an environment where students can thrive academically, explore their interests, and develop the skills necessary for their future careers. The investment in education made by the trust not only benefits individual students but also contributes to the broader academic community and workforce in Hawaii, promoting a culture of learning and achievement.
This information is meant to be a general summary of Charles R Hemenway Scholarship Trust. 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: $143,606
- Gross Receipts: $648,747
Assets and Liabilities:
- Total Assets: $3,910,702
- Total Liabilities: $0
- Net Assets: $3,910,702
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Organization Details
Founding Year
1964
Phone
(808) 694-4393Main Address
PO BOX 3170 DEPT 715, HONOLULU, HI, 968023170
NTEE Category
Code: B820 - Education
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