Overview
What is Foundation To Advance Catholic Education Inc?
The Foundation To Advance Catholic Education Inc, situated in Fall River, Massachusetts, is a nonprofit organization with a mission to support students attending parochial schools within the Diocese of Fall River. They accomplish this by granting need-based scholarships to eligible students, ensuring that financial hardship does not hinder their ability to attend these Catholic schools. The foundation's activities are geared towards providing equal educational opportunities to all children, regardless of their financial circumstances.
Official website here: www.face-dfr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Foundation To Advance Catholic Education Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The charity's score is derived entirely from its performance in the Accountability & Finance beacon, indicating a robust operational framework and transparency in its financial practices.
The organization boasts a fully independent board comprised of 14 members, ensuring unbiased governance. It has established comprehensive policies for conflict of interest, whistleblower protection, and document retention, which are essential for effective oversight and ethical management. Furthermore, the absence of any material diversion of assets points to a solid commitment to maintaining its financial integrity.
With a program expense ratio of 89.98%, the foundation allocates a significant portion of its resources directly to its mission-driven initiatives. However, while the financial indicators are exceptionally strong, potential donors may want to review the specific programs and their impacts to fully assess the charity's effectiveness in advancing Catholic education.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation To Advance Catholic Education Inc legitimate?
Foundation To Advance Catholic Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation To Advance Catholic Education Inc 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:
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Professional Fundraising Fees: $28,124
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For more financial information, click here
Official website here: www.face-dfr.org
What is the mission statement of Foundation To Advance Catholic Education Inc?
The Foundation To Advance Catholic Education Inc's mission is centered around providing equal educational opportunities. This is achieved by offering need-based scholarships to students attending schools within the Fall River Diocese. The organization's primary goal is to ensure that financial hardship does not prevent children from attending Catholic schools sponsored by the Diocese of Fall River. By providing these scholarships to enrolled students, the foundation aims to positively impact the lives of students attending Diocese of Fall River's parochial schools, ensuring that financial constraints do not impede their education.
Official website here: www.face-dfr.org
Who is the CEO of Foundation To Advance Catholic Education Inc?
Rev Edgar M Da Cunha is the President & Treasurer of Foundation To Advance Catholic Education Inc.
Official website here: www.face-dfr.org
What is the revenue of Foundation To Advance Catholic Education Inc?
Foundation To Advance Catholic Education Inc's revenue in 2023 was $1,508,145.
Official website here: www.face-dfr.org
Who are the executives of Foundation To Advance Catholic Education Inc and what are their salaries?
There 50 volunteers at Foundation To Advance Catholic Education Inc.
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Official website here: www.face-dfr.org
Where can I find the form 990 for Foundation To Advance Catholic Education Inc?
Foundation To Advance Catholic Education Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.face-dfr.org
Learn more at the official website: www.face-dfr.org
Mission Statement of Foundation To Advance Catholic Education Inc
The Foundation to Advance Catholic Education Inc is committed to ensuring that financial hardship does not prevent children from attending Catholic schools sponsored by the Diocese of Fall River. This nonprofit organization's mission is to provide need-based scholarships to enrolled students in these schools. By doing so, the Foundation aims to ensure that no child is deprived of the opportunity to receive an education at one of these Catholic institutions. The funds expended by the Foundation are intended to directly benefit students attending schools within the Diocese of Fall River's parochial system.
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Impact
July, 2024
Foundation To Advance Catholic Education Inc's impact lies in its commitment to ensuring that no child is deprived of the opportunity to attend one of the Catholic schools sponsored by the Diocese of Fall River due to financial hardship. By providing need-based scholarships to enrolled students, the foundation is facilitating access to quality education for those who may not have been able to afford it otherwise. This support not only benefits the individual students by giving them the chance to receive a Catholic education but also contributes to the overall strength and vitality of the Fall River community.
This information is meant to be a general summary of Foundation To Advance Catholic Education Inc. 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: -$15,930
- Gross Receipts: $5,133,694
Assets and Liabilities:
- Total Assets: $7,735,048
- Total Liabilities: $14,299
- Net Assets: $7,720,749
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Organization Details
Founding Year
1894
Phone
(508) 675-1311Principal Officer
Rev Edgar M Da Cunha
Main Address
450 HIGHLAND AVENUE, FALL RIVER, MA, 02720
Website
www.face-dfr.orgNTEE Category
Code: B82 - Education
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