Overview
What is Cardinal And Gold Fund Inc C/O Cardinal Hayes High School?
Cardinal And Gold Fund Inc, affiliated with Cardinal Hayes High School in the Bronx, New York, is a nonprofit organization with a mission to support the education of underprivileged youth. Based at 650 Grand Concourse, the fund offers scholarships and financial aid to students attending Cardinal Hayes, a school that provides a transformative academic program primarily for immigrants and men of color in one of New York City's most resource-scarce communities. The fund's activities extend beyond financial assistance, also supporting school activities to enhance the learning experience for its students. With a strong focus on educational opportunities, Cardinal And Gold Fund Inc aims to empower young individuals in the Bronx, helping them secure a brighter future through higher education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Cardinal And Gold Fund Inc, associated with Cardinal Hayes High School, has achieved an impressive 95% rating on Charity Navigator, reflecting strong accountability and financial practices. The organization scores exceptionally well in various categories, including an independent board composed entirely of independent members, which ensures governance integrity. Their financial statements are rigorously audited, and they have robust policies in place for conflict of interest and whistleblower protection.
With a program expense ratio of 78.78%, the organization effectively directs a significant portion of its funding towards its mission-related programs, which is a positive indicator of its operational effectiveness. Additionally, the fundraising efficiency ratio of $0.17 suggests that the organization is capable of generating funds with minimal expense, enhancing its overall financial health.
However, while the data reflects a strong financial standing, there are no indications of potential areas for improvement noted in the feedback. Overall, the Cardinal And Gold Fund appears to be a well-managed organization, with its high rating highlighting its commitment to accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Cardinal And Gold Fund Inc C/O Cardinal Hayes High School legitimate?
Cardinal And Gold Fund Inc C/O Cardinal Hayes High School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cardinal And Gold Fund Inc C/O Cardinal Hayes High School 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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What is the mission statement of Cardinal And Gold Fund Inc C/O Cardinal Hayes High School?
The Cardinal and Gold Fund Inc, associated with Cardinal Hayes High School, is dedicated to supporting the education of underprivileged youth in New York City. They achieve this mission by offering scholarships, providing financial assistance, and supporting school activities. The fund's primary goal is to contribute to the transformative academic program at Cardinal Hayes High School, which caters predominantly to immigrants and men of color in the South Bronx, one of the lowest-resource communities in New York City. Over 99% of students graduate from this school, and more than 98% proceed to higher education.
Who is the CEO of Cardinal And Gold Fund Inc C/O Cardinal Hayes High School?
John Duffy is the President of Cardinal And Gold Fund Inc C/O Cardinal Hayes High School.
What is the revenue of Cardinal And Gold Fund Inc C/O Cardinal Hayes High School?
Cardinal And Gold Fund Inc C/O Cardinal Hayes High School's revenue in 2022 was $3,444,167.
Who are the executives of Cardinal And Gold Fund Inc C/O Cardinal Hayes High School and what are their salaries?
There 25 volunteers at Cardinal And Gold Fund Inc C/O Cardinal Hayes High School.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Cardinal And Gold Fund Inc C/O Cardinal Hayes High School?
Cardinal And Gold Fund Inc C/O Cardinal Hayes High School's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cardinal And Gold Fund Inc C/O Cardinal Hayes High School
Cardinal And Gold Fund Inc, affiliated with Cardinal Hayes High School, is committed to furthering the education of underprivileged youth residing in New York City. This nonprofit organization accomplishes its mission by dispensing scholarships, offering financial assistance, and supporting school activities at Cardinal Hayes High School. The school, located in the South Bronx, a high-need and low-resource community in New York City, provides a transformative academic program for young men, predominantly immigrants and men of color.
Cardinal And Gold Fund Inc's primary goal is to ensure that financially disadvantaged students can attend Cardinal Hayes High School and receive a quality education. The organization accomplishes this by providing financial aid, thereby alleviating the financial burden on these students and their families. Additionally, the fund supports various school activities, enabling these students to participate in extracurricular activities that enhance their overall learning experience.
Moreover, the school itself, Cardinal Hayes High School, plays a crucial role in the success of the underprivileged students. The school provides a comprehensive academic program that prepares these young men for higher education. An impressive statistic reveals that more than 99% of students graduate from the school, and over 98% of them proceed to higher education. This demonstrates the effectiveness of the school's educational program and the positive impact of the Cardinal And Gold Fund Inc's support.
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Impact
October, 2024
Cardinal And Gold Fund Inc, associated with Cardinal Hayes High School, plays a crucial role in transforming the lives of underprivileged youth in New York City. By offering scholarships and financial assistance, the fund enables students, particularly those from immigrant backgrounds and communities of color in the South Bronx, to access quality education.
The impact is profound: more than 99% of students graduate, with over 98% advancing to higher education. This success is facilitated by the school’s comprehensive academic programs designed to meet the needs of students in one of the city's highest-need areas. The fund not only alleviates financial barriers but also supports extracurricular activities, further enriching the educational experience. Through its efforts, the Cardinal And Gold Fund Inc empowers young men, fostering a pathway to academic achievement and personal growth, thereby contributing positively to their communities and society as a whole.
This information is meant to be a general summary of Cardinal And Gold Fund Inc C/O Cardinal Hayes High School. 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 2022.
- Investment Income: $207,012
- Gross Receipts: $4,360,426
Assets and Liabilities:
- Total Assets: $8,893,570
- Total Liabilities: $461,879
- Net Assets: $8,431,691
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Organization Details
Founding Year
1992
Phone
(718) 292-6100Principal Officer
John Duffy
Main Address
650 GRAND CONCOURSE, BRONX, NY, 10451
NTEE Category
Code: B110 - Education
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