Overview
What is The Campaign For Cardinal Spellman High School Foundation Inc?
The Campaign for Cardinal Spellman High School Foundation Inc is a charitable organization situated in Bronx, New York. Its primary objective is to provide financial aid to Cardinal Spellman High School, assisting with scholarships, capital improvements, educational equipment like computers and laboratory equipment, and addressing operational cost shortfalls. During the 2022 fiscal year, 135 students benefited from scholarships, and six students were awarded the Scarangello Scholarship based on academic merit and a submitted essay. This foundation follows the school's criteria for scholarship allocation, and the funding is directly transferred to the institution.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Campaign For Cardinal Spellman High School Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in several areas, the foundation demonstrates a commitment to transparency and responsible management of resources, crucial for building trust with donors and stakeholders.
One of the organizational strengths lies in its governance, as the foundation boasts 100% independent board members and has implemented comprehensive policies, including conflict of interest and whistleblower protections. The foundation’s financial health is also noteworthy, with a low liabilities-to-assets ratio and a high program expense ratio, indicating that the majority of funds are directed towards its mission-driven activities rather than administrative costs.
However, while the accountability and finance scores are exemplary, the summary does not provide insights into the foundation's impact or effectiveness in achieving its specific mission goals. Stakeholders may benefit from additional information on program outcomes and community engagement to gain a fuller picture of the foundation’s contributions.
This AI summary has been generated from information found on Charity Navigator.
Is The Campaign For Cardinal Spellman High School Foundation Inc legitimate?
The Campaign For Cardinal Spellman High School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Campaign For Cardinal Spellman High School Foundation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Campaign For Cardinal Spellman High School Foundation Inc?
The Campaign For Cardinal Spellman High School Foundation Inc's mission is to provide financial assistance for Cardinal Spellman High School. This aid is intended for various purposes, including school-sponsored scholarships, capital improvements, educational equipment like computers and laboratory equipment, and addressing shortfalls in general operating costs. The foundation supports the school by providing funding for scholarships based on the school's established criteria. During the 2022 tax year, 135 students received scholarships, and six recipients of the Scarangello Scholarship, selected based on academic merit and a submitted essay, received funding of $35,500 each.
Who is the CEO of The Campaign For Cardinal Spellman High School Foundation Inc?
Richard Nardi is the Principal Officer of The Campaign For Cardinal Spellman High School Foundation Inc.
What is the revenue of The Campaign For Cardinal Spellman High School Foundation Inc?
The Campaign For Cardinal Spellman High School Foundation Inc's revenue in 2022 was $4,747,220.
Who are the executives of The Campaign For Cardinal Spellman High School Foundation Inc and what are their salaries?
There 5 volunteers at The Campaign For Cardinal Spellman High School Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Campaign For Cardinal Spellman High School Foundation Inc?
The Campaign For Cardinal Spellman High School Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Campaign For Cardinal Spellman High School Foundation Inc
The Campaign for Cardinal Spellman High School Foundation Inc is dedicated to providing financial aid for Cardinal Spellman High School. This support is utilized in various ways, including school-sponsored scholarships, capital improvements, educational equipment such as computers and laboratory equipment, and assisting in covering general operating cost shortfalls. The scholarships awarded by the school are based on criteria established by the institution itself, and during the tax year ending on August 31, 2022, 135 students benefited from these scholarships. The Scarangello Scholarships, a separate category of awards, are granted to six (6) students annually based on their academic merit and a submitted essay. The funding for these scholarships is directly paid to the school.
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Impact
October, 2024
The Campaign For Cardinal Spellman High School Foundation Inc significantly enhances the educational experience at Cardinal Spellman High School by providing essential financial support. This assistance is directed towards multiple crucial areas, including school-sponsored scholarships, capital improvements, and the procurement of educational equipment such as computers and laboratory tools.
In the recent tax year ending August 31, 2022, the foundation's contributions allowed 135 students to receive scholarships, helping to alleviate the financial burden of education for many families. Among these were recipients of the Scarangello Scholarship, which awarded six students a total of $35,500 based on academic merit and a submitted essay, further encouraging excellence and dedication among the student body.
Moreover, the foundation plays a vital role in addressing general operating cost shortfalls, ensuring that the school can maintain its high standards of education and support. By securing funding for infrastructure and educational resources, the foundation not only promotes academic success but also fosters an environment where students can thrive and prepare for the future. Through these efforts, the foundation profoundly impacts the quality of education and opportunities available to the students at Cardinal Spellman High School in the Bronx, NY.
This information is meant to be a general summary of The Campaign For Cardinal Spellman High School Foundation 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 2022.
- Investment Income: $272,592
- Gross Receipts: $4,768,435
Assets and Liabilities:
- Total Assets: $17,195,362
- Total Liabilities: $705,470
- Net Assets: $16,489,892
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Organization Details
Founding Year
1997
Phone
(718) 881-8000Principal Officer
Richard Nardi
Main Address
ONE CARDINAL SPELLMAN PLACE, BRONX, NY, 104665897
NTEE Category
Code: B99 - Education
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