Overview
What is Walsh Foundation Co Community Bank Na?
Walsh Foundation Co Community Bank Na is a nonprofit organization situated in Olean, New York. Their primary objective is to provide financial aid to Archbishop Walsh High School, specifically for their annual fund and scholarship programs. Beyond this, the foundation holds an endowment with the mission to support Catholic education within the Southern Tier region of New York, contributing to the broader educational landscape in the state.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Walsh Foundation Co Community Bank Na has achieved a strong 94% rating, reflecting its commitment to high standards of accountability and financial health. This rating is derived entirely from its performance in the Accountability & Finance category, which assesses critical aspects of operational integrity and transparency.
One of the notable strengths of the organization is its fully independent board, which consists of 100% independent members, earning them top marks in governance. Additionally, the foundation demonstrates robust financial management with a program expense ratio of 99.26%, indicating that nearly all of its expenditures directly support its programs. The absence of any material diversion of assets further underscores its financial integrity.
While the Walsh Foundation displays exemplary practices in policy implementation, including a conflict of interest policy and a whistleblower policy, the overall feedback primarily highlights its strengths without notable limitations. This solid rating signifies that stakeholders can trust the organization to manage funds responsibly and effectively further its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Walsh Foundation Co Community Bank Na legitimate?
Walsh Foundation Co Community Bank Na is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walsh Foundation Co Community Bank Na 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.
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What is the mission statement of Walsh Foundation Co Community Bank Na?
The Walsh Foundation Co Community Bank, in its mission, aims to establish an endowment primarily for the betterment of Catholic education in a specific region within the state of New York, known as the Southern Tier. To achieve this, the foundation provides financial assistance in the form of grants, specifically to Archbishop Walsh High School, supporting their annual fund and scholarship programs. This initiative aims to contribute to the educational growth and development of students within this particular educational sector.
Who is the CEO of Walsh Foundation Co Community Bank Na?
John O'Laughlin is the President of Walsh Foundation Co Community Bank Na.
What is the revenue of Walsh Foundation Co Community Bank Na?
Walsh Foundation Co Community Bank Na's revenue in 2023 was $465,175.
Who are the executives of Walsh Foundation Co Community Bank Na and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Walsh Foundation Co Community Bank Na?
Walsh Foundation Co Community Bank Na's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Walsh Foundation Co Community Bank Na
Walsh Foundation Co. Community Bank, with its mission, aims to establish an endowment for the betterment of Catholic education in the southern tier of the state of New York. This nonprofit organization's primary objective is to provide financial assistance to Archbishop Walsh High School, contributing to their annual fund and scholarships. By doing so, Walsh Foundation Co. Community Bank seeks to support the educational needs of the Catholic community in this particular region, ensuring that deserving students have access to quality education.
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Impact
July, 2024
Walsh Foundation Co Community Bank Na's impact lies in its commitment to providing critical financial support to further Catholic education in the Southern Tier of New York. By endowing funds for the benefit of Archbishop Walsh High School, the organization helps ensure the school's ongoing success through grants for the annual fund and scholarships. This support directly contributes to the educational advancement of students in the region, enabling them to access quality education and opportunities for growth. Through its focus on enhancing Catholic education, Walsh Foundation Co Community Bank Na plays a vital role in enriching the educational landscape and shaping the future of young individuals in the community.
This information is meant to be a general summary of Walsh Foundation Co Community Bank Na. 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 2023.
- Investment Income: $4,975
- Gross Receipts: $507,311
Assets and Liabilities:
- Total Assets: $120,220
- Total Liabilities: $6,289
- Net Assets: $113,931
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Organization Details
Phone
(716) 376-7238Principal Officer
John O'Laughlin
Main Address
126/130 SOUTH STREET, OLEAN, NY, 14760
NTEE Category
Code: B00 - Education
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