An EIN is a unique nine-digit number that identifies a business for tax purposes.
An EIN is a unique nine-digit number that identifies a business for tax purposes.
Organization Mission
The Foundation provides scholarship assistance to African-American students who are US citizens. Applicants must pursue undergraduate training in one of four discipl ... (More)
Rating Information
Great
This charity's score is 98%, earning it a Four-Star rating. If this organization aligns with your passions and values, you can give with confidence.
Charity Navigator's ratings previously did not consider Leadership & Adaptability, Culture & Community, or Impact & Measurement. The historic rating mainly reflects a version of today’s Accountability and Finance score. More information on our previous rating methodologies can be found on our rating methodology page.
Rating histories are available for a growing number of rated organizations. Check back later to see if this organization has a rating history!
Nathan L Anderson Memorial Scholarship Foundation Inc. cannot currently be evaluated by our Accountability & Finance methodology due to only having one year of electronically-filed IRS Form 990 data.
To ensure year-to-year consistency the Encompass Rating System's Accountability & Finance beacon analyzes the three-year average of some data provided through the IRS 990.
Charity Navigator currently only has one year of consecutive e-filed Forms 990 from the IRS for Nathan L Anderson Memorial Scholarship Foundation Inc. under the EIN: 27-2339244.
Before Charity Navigator can evaluate Nathan L Anderson Memorial Scholarship Foundation Inc., Nathan L Anderson Memorial Scholarship Foundation Inc. will need to e-file for additional fiscal years.
Revenue and expense data is not available for this organization. This data is only available if this organization has at least one year of electronically-filed Form 990 data filed within the last $six years.
Salary of Key Persons - No Data Available
No Data Available
Salary of Key Persons data is currently unavailable for this organization. This data is only available if this charity has at least one year of electronically-filed Form 990 data filed within the last 3 years. In some cases, there may be an electronically-filed 990 on file but the nonprofit may have not included the information and therefore we cannot post it.
IRS Published Data (Business Master File) - Data Available
Private operating foundation (other) (BMF foundation code: 03)
Affiliation:
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
Data Sources (IRS Forms 990) - Data Available
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage accountability and finance data from it to form Encompass ratings. Click here to search for this organization's Forms 990 on the IRS website (if any are available). Simply enter the organization's name (Nathan L Anderson Memorial Scholarship Foundation Inc.) or EIN (272339244) in the 'Search Term' field.
Impact & Measurement
Score
100
This beacon estimates the actual impact a charity has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.
$2,795 increases income for a scholarship recipient by $4,072
Program Context
Nathan L Anderson Memorial Scholarship Foundation, Inc.: This program grants scholarships to beneficiaries.
Data Time Period
1/1/22 to 12/31/22
Benchmark for Scoring
Impact scores of postsecondary scholarship programs are based on income generated relative to cost. Programs receive an Impact score of 100 if they increase income for a recipient by more than $1.25 for every $1 spent and a score of 80 if income increases by more than $0.80 for every $1 spent. If a nonprofit reports impact but doesn't meet the benchmark for cost-effectiveness, it earns a score of 65. This program increases income for a scholarship recipient by more than $1.25 for every $1 spent.
Methodology
This impact score was determined through the Postsecondary Scholarships methodology which is fully detailed in the Charity Navigator Guide to Ratings. Analysis conducted in 2024 by Charity Navigator using data submitted by the nonprofit, theory and evidence from scientific research studies, and public datasets.
Data Source
The nonprofit submitted data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Measurement
Unscored
0% of Impact & Measurement score
Culture & Community
Score
87
This beacon provides an assessment of the organization's culture and connectedness to the community it serves.
Does your organization collect feedback (i.e., perceptions, opinions, concerns) from the people meant to ultimately benefit from your mission?
Yes
Feedback Usage
100 out of 100 points
How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences
To identify bright spots and enhance positive service experiences
To make fundamental changes to our programs and/or operations
To inform the development of new programs/projects
To strengthen relationships with the people we serve
To understand client needs and how we can help them achieve their desired outcomes
Practices
100 out of 100 points
Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually
We take steps to get feedback from marginalized or under-represented people
We aim to collect feedback from as many people we serve as possible
We take steps to ensure people feel comfortable being honest with us
We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.)
We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.)
We engage the people who provide feedback in looking for ways we can improve in response
We tell the people who gave us feedback how we acted on their feedback
We share the feedback we received with the people we serve
Challenges
100 out of 100 points
What challenges does your organization face in collecting feedback from the people you serve?
We don't have any major challenges to collecting feedback
Equity Strategies™
81 out of 100 points
67% of Culture & Community score
Full Credit
Partial Credit
No Credit
Equity Strategies™ - Number of Data, Policies & Processes
81 out of 100 points
This organization's score of 81 is a passing score. The organization reported that it is implementing 5 Equity Practices.
The metric is based on the elements of the Equity Strategies™ checklist, developed by Equity in the Center™.
Leadership & Adaptability
Score
100
This beacon provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
The nonprofit organization presents evidence of strategic thinking through articulating the organization's mission.
The Foundation provides scholarship assistance to African-American students who are US citizens. Applicants must pursue undergraduate training in one of four disciplines: Computer Science; Aviation; Nursing; and Music.
Vision Statement
10 out of 10 points
The nonprofit organization presents evidence of strategic thinking through articulating the organization's vision.
Increase the Foundation assistance level to minority students (from the designated population groups) in receiving professional training and credentials in the four specific fields. Graduates from those population groups are significantly under-represented in these professions.
Strategic Goals
20 out of 20 points
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: Expand the base of financial resources to increase the number of students assisted and the scholarship amounts.
Goal Two: Further expand the scope of mentorship and professional development guidance provided to the scholarship awardees during academic preparation phase, and continuing after graduation.
Goal Three: Recruit additional mentors for the steadily growing base of graduates to further enhance the professional development opportunities for the graduates.
Leadership
30 out of 30 points
Full Credit
Partial Credit
No Credit
Investment in Leadership Development
15 out of 15 points
The nonprofit provides evidence of investment in leadership development.
Each member of the Board has active memberships in their different professional organizations/societies. Everyone participates in those societies' formal continuing education requirements, all of which contain formal leadership training and the refreshers needed to retain the credentials issued by that particular society. The members, as volunteers, do not request any funding from the Foundation for this purpose. The tools and techniques are shared during Board meetings with fellow members and, most importantly, shared during mentoring sessions with the students and graduates.
External Focus on Mobilizing Mission
15 out of 15 points
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
Strategic Partnerships
Collaborative Engagement
Adaptability
30 out of 30 points
Full Credit
Partial Credit
No Credit
Adaptability Statement
30 out of 30 points
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.
The Foundation Board reviewed statistical reports and recognized the need to correct imbalances in the number of applicants from particular universities. The Foundation Chairperson and Vice Chairperson volunteered to, at no expense to the Foundation, visit with key faculty and administrators at some universities to share the Board's observations. During the just completed 2023 cycle, a change in balance was quite evident, so the flow of funding to students at an increased number of universities restored a greater distribution to more students in different locales.