Overview
What is St Vincent - St Mary High School Foundation?
St. Vincent - St. Mary High School Foundation is a charitable organization established in Akron, Ohio, with a specific mission to support Catholic education and St. Vincent-St. Mary High School. The organization's purpose is to manage and utilize donated assets, such as cash, securities, and properties, solely for charitable, religious, scientific, literary, or educational purposes. They aim to contribute to exempt 501(c)(3) organizations and engage in any permissible activities for an Ohio not-for-profit organization, ultimately working towards the betterment of St. Vincent-St. Mary High School. The foundation also intends to develop a campus for the high school.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Stars
St Vincent - St Mary High School Foundation has received an overall score of 86%, which indicates a strong performance in accountability and finance. The rating reflects the organization's commitment to transparency and responsible financial management, as evidenced by its perfect scores in areas such as independent board member governance and financial oversight.
The foundation boasts a fully independent board with a majority of members, which is crucial for maintaining objectivity and ethical standards. Additionally, the organization demonstrates a high commitment to program expenses, with nearly 98% of its budget directed towards its programs, ensuring that funds are used effectively to support its mission.
While the rating highlights significant strengths, it primarily focuses on accountability and financial metrics. There may be other aspects of the organization's performance or impact that are not captured in this score, which potential donors may want to consider when evaluating the foundation's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is St Vincent - St Mary High School Foundation legitimate?
St Vincent - St Mary High School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Vincent - St Mary High School Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of St Vincent - St Mary High School Foundation?
The St. Vincent - St. Mary High School Foundation was established with a mission to support Catholic education and specifically contribute to St. Vincent - St. Mary High School. The organization's goal is to manage and distribute assets received for the betterment of Catholic education and the school itself. The foundation intends to develop a campus for St. Vincent - St. Mary High School. It is permitted to use the income and principal of its assets for charitable, religious, scientific, literary, or educational purposes, either directly or through contributions to exempt 501(c)(3) organizations. The foundation can engage in any other permissible activity for an Ohio not-for-profit 501(c)(3) organization and perform any incidental functions associated with these activities.
What is the revenue of St Vincent - St Mary High School Foundation?
St Vincent - St Mary High School Foundation's revenue in 2023 was $1,136,983.
Who are the executives of St Vincent - St Mary High School Foundation and what are their salaries?
There 12 volunteers at St Vincent - St Mary High School Foundation.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
Where can I find the form 990 for St Vincent - St Mary High School Foundation?
St Vincent - St Mary High School Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Vincent - St Mary High School Foundation
The St. Vincent-St. Mary High School Foundation was established with a mission to support Catholic education and specifically, St. Vincent-St. Mary High School. The organization's primary objective is to collect, manage, and distribute assets for the betterment of Catholic education and various activities, programs, and interests related to St. Vincent-St. Mary High School. The foundation also aims to develop a campus for St. Vincent-St. Mary High School.
In line with its mission, the St. Vincent-St. Mary High School Foundation operates under two major purposes. Firstly, it seeks to maintain cash, securities, assets, and other property, and utilize the income and principal of these assets for charitable, religious, scientific, literary, or educational purposes, either directly or by contributing to exempt 501(c)(3) organizations. Secondly, the foundation engages in any activity that is permissible for an Ohio not-for-profit 501(c)(3) organization, performing any functions incidental thereto.
In essence, the St. Vincent-St. Mary High School Foundation is dedicated to the advancement of Catholic education and St. Vincent-St. Mary High School, using its financial resources and capabilities to support charitable, religious, scientific, literary, or educational endeavors, and to contribute to the overall growth and development of the school.
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Impact
July, 2024
The St Vincent - St Mary High School Foundation has a significant impact on supporting Catholic education and St. Vincent-St. Mary High School in Akron, Ohio. The foundation works to solicit, receive, administer, and distribute assets for the general support of Catholic education and various activities and programs at the high school. Additionally, the foundation aims to develop a campus for St. Vincent-St. Mary High School. Its purposes include maintaining assets for charitable, religious, scientific, literary, or educational purposes, either directly or through contributions to exempt 501(c)(3) organizations. The foundation plays a crucial role in advancing the mission of the school and ensuring a quality education for its students.
This information is meant to be a general summary of St Vincent - St Mary High School Foundation. 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: $294,790
- Program Service Revenue: $123,667
- Gross Receipts: $4,678,414
Assets and Liabilities:
- Total Assets: $23,783,331
- Total Liabilities: $550,012
- Net Assets: $23,233,319
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOSTER CLUB
Revenue
$123,667
Organization Details
Founding Year
2003
Principal Officer
James Simon
NTEE Category
Code: B94 - Education
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