Overview
What is Monsignor Lafferty Tuition Foundation?
The Monsignor Lafferty Tuition Foundation is a charitable organization situated in Sioux City, Iowa, at 1821 Jackson Street. Its primary mission is to collect and distribute voluntary contributions, aiming to allocate at least 90% of its annual revenue towards tuition grants. These grants are designed to support eligible students residing in Iowa, enabling them to attend any qualified Catholic schools within the Diocese of Sioux City of their parents' choice. The foundation's activities are focused on facilitating educational opportunities for local students, thereby fostering access to a school of their parents' preferred choice.
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating
The Monsignor Lafferty Tuition Foundation has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and financial management. The organization excels in various metrics, demonstrating a commitment to maintaining transparency and integrity in its operations. The high scores in areas such as the independence of board members and the absence of material diversion of assets reflect a robust governance structure.
The foundation's financial health is underscored by an impressive program expense ratio of 94.86%, which shows that the majority of funds are directed towards fulfilling its mission rather than administrative costs. Additionally, the low fundraising efficiency ratio of $0.01 signifies effective fundraising practices, allowing for more resources to go directly to its programs.
While the foundation's rating is high, the focus on financial metrics does not provide insights into program outcomes or community impact, which could further enhance understanding of its effectiveness. Overall, the Monsignor Lafferty Tuition Foundation stands out for its strong accountability and fiscal responsibility, but additional information on program successes would be beneficial for a complete evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Monsignor Lafferty Tuition Foundation legitimate?
Monsignor Lafferty Tuition Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monsignor Lafferty Tuition 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:
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What is the mission statement of Monsignor Lafferty Tuition Foundation?
The Monsignor Lafferty Tuition Foundation's mission involves soliciting, collecting, administering, and distributing voluntary contributions. The primary goal is to allocate at least 90% of the annual revenue as tuition grants for eligible students residing in Iowa. This allows each student to attend a school of their parents' choice, providing them with educational opportunities. The foundation is committed to this mission, as demonstrated by distributing 90% of its annual revenue in the form of tuition grants for students attending Catholic schools within the Diocese of Sioux City.
Who is the CEO of Monsignor Lafferty Tuition Foundation?
Most Rev R Walker Nickles is the Principal Officer of Monsignor Lafferty Tuition Foundation.
What is the revenue of Monsignor Lafferty Tuition Foundation?
Monsignor Lafferty Tuition Foundation's revenue in 2022 was $3,634,741.
Who are the executives of Monsignor Lafferty Tuition Foundation and what are their salaries?
There 14 volunteers at Monsignor Lafferty Tuition Foundation.
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Where can I find the form 990 for Monsignor Lafferty Tuition Foundation?
Monsignor Lafferty Tuition Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monsignor Lafferty Tuition Foundation
The Monsignor Lafferty Tuition Foundation is committed to soliciting, collecting, and administering voluntary contributions with the primary objective of allocating at least 90% of its annual revenue towards tuition grants. This foundation aims to extend these grants to eligible students residing in Iowa, thereby enabling each student to attend any qualifying school of their parents' preference. In simpler terms, the mission of the Monsignor Lafferty Tuition Foundation is to facilitate financial assistance for students, empowering them to choose the educational institution that best suits their needs and their parents' preferences, within the state of Iowa. The foundation fulfills this mission by distributing a significant portion of its annual revenue in the form of tuition grants, primarily benefiting students who attend Catholic schools within the Diocese of Sioux City.
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Impact
October, 2024
Monsignor Lafferty Tuition Foundation significantly impacts the educational landscape in Iowa by providing financial support for tuition grants to eligible students. By distributing at least 90% of its annual revenue, the foundation enables families to choose qualified schools that align with their values and beliefs, particularly benefiting those attending Catholic schools in the Diocese of Sioux City. This initiative enhances access to quality education, empowering students and their parents with choice and fostering a diverse educational community. The foundation effectively alleviates financial burdens, allowing more students to pursue their academic goals in environments that best suit their needs.
This information is meant to be a general summary of Monsignor Lafferty Tuition 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: $30,339
- Gross Receipts: $4,134,607
Assets and Liabilities:
- Total Assets: $3,637,455
- Total Liabilities: $11,281
- Net Assets: $3,626,174
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Organization Details
Founding Year
2006
Phone
(712) 255-7933Principal Officer
Most Rev R Walker Nickles
Main Address
1821 JACKSON STREET, SIOUX CITY, IA, 51105
NTEE Category
Code: B82 - Education
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