Nassau County Police Reserve Association Scholarship Fund Inc

The information for Nassau County Police Reserve Association Scholarship Fund Inc is as of the organization's most recent filing in December 2019. This organization is located in Port Washington, NY and has been in existence for 33 years, following its founding in 1986.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Nassau County Police Reserve Association Scholarship Fund Inc's NTEE code is B82. The "B" tells us that the organization is classified along with Scholarships & Student Financial Aid. The "82" tells us that the organization is an Education organization. The NTEE describes Education organizations as those that enable students who demonstrate financial need to obtain the financial assistance they require to meet their educational and living expenses while in school.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Nassau County Police Reserve Association Scholarship Fund Inc is to provide academic scholarships for the families of Nassau County Police Officers and to provide information and education to the public.

Program Areas

Program Area 1: Through the General Fund, the organization awards academic scholarships to the families of police officers of the Nassau County Police Department.

Program Area 2: The organization allocates funds for meetings and associated costs to educate the community.

Program Area 3: Police Awards and Ceremonies covers expenses related to awards and ceremonies for the police department.

Program Area 4: Various charitable contributions are tracked and reported through this program area.

Board Governance

The Nassau County Police Reserve Association Scholarship Fund Inc is well governed, with 15 voting members and 15 independent members. All potential conflicts of interest have been addressed and the organization has not delegated management to an outside firm. Board and committee meetings are documented and the organization has a conflict of interest policy, a written whistleblower policy, and a document retention policy. The organization does not substantiate and review leadership or officer salaries, nor does it provide copies of the 990 to the board prior to filing. However, the organization is still well governed and the board is taking the necessary steps to ensure it is in compliance with all applicable laws and regulations.

Organization Growth

The Nassau County Police Reserve Association Scholarship Fund Inc has experienced mixed results over the past few years. Contributions & Grants Received decreased from $128.9K in 2017 to $120.8K in 2019, while Other Revenue increased from $56.1K in 2017 to $66.9K in 2019. Total Revenue increased from $166.7K in 2017 to $187.7K in 2019, while Total Expenses decreased from $147.2K in 2017 to $145.7K in 2019. Overall, the organization has seen a net growth in revenue and a slight decrease in expenses.