Overview
What is Msgr Sylvester Hladky Memorial Foundation?
The Msgr Sylvester Hladky Memorial Foundation is a charitable organization based in Warren, Ohio. Its primary mission is to promote and support Catholic education by offering scholarships to students who require financial aid. By providing these scholarships to parochial schools, the foundation aims to assist qualified students in continuing their education. The foundation's activities are focused on fostering parochial school education and helping students overcome financial obstacles to achieve their educational goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Msgr Sylvester Hladky Memorial Foundation has received a low rating of 53%, categorized as a One-Star organization. This rating reflects significant weaknesses in accountability and finances, particularly concerning the lack of independent board members and missing governance policies. The organization did manage to achieve a perfect score for its program expense ratio, indicating that 90.16% of its expenses are directed towards programs rather than administrative costs.
Despite achieving a high percentage in program expenses, the foundation's overall rating is heavily impacted by the absence of key governance practices. The lack of independent board members and missing policies such as conflict of interest and whistleblower protections raise concerns about the organization's transparency and oversight. Additionally, the absence of a website listed on their tax form and missing financial documents online further detracts from their accountability.
Overall, while the Msgr Sylvester Hladky Memorial Foundation demonstrates a commitment to directing funds towards its programs, the notable deficiencies in governance and transparency contribute to a concerning organizational profile. Prospective donors and stakeholders should carefully consider these factors when evaluating their support for the foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Msgr Sylvester Hladky Memorial Foundation legitimate?
Msgr Sylvester Hladky Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Msgr Sylvester Hladky Memorial 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 Msgr Sylvester Hladky Memorial Foundation?
The Msgr Sylvester Hladky Memorial Foundation is dedicated to promoting parochial school education for students with financial needs. They achieve this by providing scholarships to eligible students. The organization's primary activity involves offering financial aid to Catholic schools, assisting qualified students in pursuing their education. This foundation is committed to making parochial school education accessible to those who might otherwise be unable to afford it.
Who is the CEO of Msgr Sylvester Hladky Memorial Foundation?
David A Hoso is the Trustee of Msgr Sylvester Hladky Memorial Foundation.
What is the revenue of Msgr Sylvester Hladky Memorial Foundation?
Msgr Sylvester Hladky Memorial Foundation's revenue in 2022 was $4,186.
Who are the executives of Msgr Sylvester Hladky Memorial Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Msgr Sylvester Hladky Memorial Foundation?
Msgr Sylvester Hladky Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Msgr Sylvester Hladky Memorial Foundation
The Msgr Sylvester Hladky Memorial Foundation is dedicated to fostering parochial school education for students in need. This nonprofit organization achieves its mission by providing scholarships to deserving students who may struggle financially. By offering these scholarships, the foundation aims to make high-quality Catholic school education accessible to a wider range of students, thereby promoting educational opportunities for those who might otherwise be unable to afford it. The foundation's activities primarily revolve around funding these scholarships, which are subsequently distributed to eligible parochial schools to assist qualified students in their educational journey.
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Impact
August, 2024
The Msgr Sylvester Hladky Memorial Foundation's impact can be seen in its dedication to promoting parochial school education for students in need. By providing scholarships to financially disadvantaged students, the foundation is helping to ensure that Catholic school education remains accessible to a broader range of students. Through its support of parochial schools and assistance to qualified students, the foundation is making a meaningful difference in the lives of individuals seeking a quality education.
This information is meant to be a general summary of Msgr Sylvester Hladky Memorial 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 2022.
- Investment Income: $3,586
- Gross Receipts: $4,186
Assets and Liabilities:
- Total Assets: $103,666
- Total Liabilities: $0
- Net Assets: $103,666
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Organization Details
Founding Year
2006
Phone
(330) 856-9222Principal Officer
David A Hoso
Main Address
8700 E MARKET ST SUITE 1, WARREN, OH, 44484
NTEE Category
Code: B82 - Education
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