Overview
What is The Catholic Education Foundation Of Greater Lowel?
The Catholic Education Foundation of Greater Lowell, based in Lowell, Massachusetts, is a nonprofit organization dedicated to enhancing Catholic education within the region and its surrounding communities. Their primary focus is to support Immaculate Conception School in Lowell, Massachusetts, as well as other educational institutions and initiatives aligned with the Archdiocese of Boston, Massachusetts. Their mission is to foster and improve Catholic education in these local communities, aiming to contribute positively to the educational landscape.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Catholic Education Foundation of Greater Lowell has received a moderate rating, reflecting both positive attributes and some areas of concern. It scores particularly well in areas such as having a majority of independent board members, a strong liabilities to assets ratio, and a high program expense ratio, indicating effective use of funds towards its educational programs.
However, the foundation faces notable limitations, specifically in governance and transparency policies. Key policies such as conflict of interest, whistleblower, and document retention are missing, which raises concerns about accountability and operational integrity. Additionally, the foundation's website is not listed on its tax form, which detracts from its overall transparency to donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Catholic Education Foundation Of Greater Lowel legitimate?
The Catholic Education Foundation Of Greater Lowel is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Catholic Education Foundation Of Greater Lowel 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 The Catholic Education Foundation Of Greater Lowel?
The Catholic Education Foundation of Greater Lowell's mission is centered around enhancing Catholic education within local communities that are affiliated with the Archdiocese of Boston, Massachusetts. This foundation aims to foster and improve Catholic education by providing support to educational institutions or initiatives within the community. One of their significant contributions is to Immaculate Conception School in Lowell, Massachusetts, where they are actively working to enhance Catholic education.
Who is the CEO of The Catholic Education Foundation Of Greater Lowel?
Nicholas A Sannella is the Trustee of The Catholic Education Foundation Of Greater Lowel.
What is the revenue of The Catholic Education Foundation Of Greater Lowel?
The Catholic Education Foundation Of Greater Lowel's revenue in 2022 was -$118,330.
Who are the executives of The Catholic Education Foundation Of Greater Lowel and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Catholic Education Foundation Of Greater Lowel?
The Catholic Education Foundation Of Greater Lowel's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Catholic Education Foundation Of Greater Lowel
The Catholic Education Foundation of Greater Lowell is committed to enhancing and fostering Catholic education within local communities that are affiliated with the Archdiocese of Boston, Massachusetts. Their mission is to support educational institutions or initiatives within the community, with a particular focus on Immaculate Conception School of Lowell, Massachusetts. Through their ongoing efforts, this foundation aims to elevate the standard of Catholic education in the region, thereby providing a solid foundation for future generations.
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Impact
October, 2024
The Catholic Education Foundation of Greater Lowell significantly enhances Catholic education in the local communities affiliated with the Archdiocese of Boston, Massachusetts. By providing vital support to Immaculate Conception School and other educational initiatives in Lowell and surrounding areas, the foundation fosters an environment where students can thrive academically and spiritually. This commitment enriches the educational landscape, ensuring that students benefit from a holistic, values-based education that integrates faith with learning. The foundation's ongoing efforts contribute to the growth and sustainability of Catholic educational institutions, creating a lasting positive impact on the community and future generations.
This information is meant to be a general summary of The Catholic Education Foundation Of Greater Lowel. 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: -$118,330
- Gross Receipts: $73,966
Assets and Liabilities:
- Total Assets: $992,278
- Total Liabilities: $0
- Net Assets: $992,278
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Organization Details
Founding Year
2006
Principal Officer
Nicholas A Sannella
Main Address
3 FAYETTE STREET, Lowell, MA, 01852
NTEE Category
Code: T30 - Philanthropy
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