Overview
What is La Salle School Foundation?
La Salle School Foundation is a nonprofit organization situated in Albany, New York, with a postal address of 391 WESTERN AVENUE. Its primary mission is to support La Salle School Inc., a nonprofit that cares for troubled adolescent boys. The Foundation aids La Salle School financially, providing therapeutic, educational, and supportive services. It also assists the school's youth through gift purchases and funds activities like music and art appreciation. Additionally, the Foundation awards scholarships and supports the school's staff with costs related to professional development, educational loans, and other necessary expenses.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 46%
La Salle School Foundation has received a Zero-Star out of Four Star rating from Charity Navigator, which indicates significant concerns regarding its financial accountability and performance. The organization has a low overall score of 46%, reflecting weaknesses particularly in financial ratios and transparency. While the charity has a strong independent board and effective audit committee, it falls short in several key areas, including the absence of a whistleblower policy and inadequate documentation for its financial statements.
The foundation reports a program expense ratio of only 45.17%, which raises questions about the proportion of funds directed towards its stated mission. Additionally, the organization's liabilities to assets ratio is 0.65%, suggesting potential financial instability. The lack of necessary policies and public disclosures, such as the tax form on its website, may hinder trust among donors and stakeholders.
On a positive note, the foundation maintains a majority of independent board members and has established critical oversight mechanisms, which are commendable attributes. However, the deficiencies in operational practices and financial transparency must be addressed to improve its overall rating and enhance its effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is La Salle School Foundation legitimate?
La Salle School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Salle School 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 La Salle School Foundation?
The La Salle School Foundation's mission is centered around supporting the efforts of the La Salle School. This involves providing therapeutic, educational, and supportive services to help troubled adolescent boys achieve personal growth and lasting change in their lives. The foundation aids the La Salle School financially, assists the youth through the purchase of gifts and funding of artistic activities, offers scholarships, and supports the school's staff with professional development costs and other needs. In essence, the La Salle School Foundation's purpose is to contribute to the La Salle School's mission of helping youth and families in need.
Who is the CEO of La Salle School Foundation?
Marita Jadlos is the Principal Officer of La Salle School Foundation.
What is the revenue of La Salle School Foundation?
La Salle School Foundation's revenue in 2022 was $553,097.
Who are the executives of La Salle School Foundation and what are their salaries?
There 8 volunteers at La Salle School Foundation.
Here are 8 key members and their salaries:
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- Related: $157,499
- Other: $4,724
Where can I find the form 990 for La Salle School Foundation?
La Salle School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of La Salle School Foundation
La Salle School Foundation is an organization committed to supporting the efforts of La Salle School, a institution dedicated to assisting troubled adolescent boys. The primary mission of La Salle School Foundation is to aid La Salle School in delivering therapeutic, educational, and supportive services. These services are designed to foster personal growth and bring about lasting change in the lives of youths and families in need. By providing financial support, the Foundation enables La Salle School to continue its mission, ensuring that the youth it serves have access to essential resources.
Beyond financial aid, La Salle School Foundation also contributes to the well-being of the students directly. This includes purchasing gifts for the youth, funding artistic and cultural activities, and offering scholarships. By doing so, the Foundation not only enriches the lives of the students but also helps them develop a deeper appreciation for the arts. Furthermore, La Salle School Foundation supports the staff of La Salle School by covering costs related to professional development, educational loans, and other staff needs. This investment in the school's staff ensures that they are equipped with the necessary skills and resources to provide the best possible care for the students.
In essence, La Salle School Foundation plays a crucial role in supporting La Salle School's mission. By providing financial assistance, resources, and opportunities for growth, the Foundation enables La Salle School to continue its mission of caring for troubled adolescent boys, helping them overcome challenges and achieve personal growth.
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Impact
July, 2024
La Salle School Foundation's impact is profound in supporting the efforts of the La Salle School in caring for troubled adolescent boys. By providing financial assistance for therapeutic, educational, and supportive services, the foundation plays a crucial role in helping these young individuals achieve personal growth and lasting change. Additionally, the foundation's contributions towards purchasing gifts, funding music and art activities, offering scholarships, and supporting staff development enhance the overall well-being and development of the youth at La Salle School. Through these initiatives, La Salle School Foundation positively influences the lives of youths and families in need, creating a lasting impact in the community.
This information is meant to be a general summary of La Salle School 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: $364,492
- Gross Receipts: $1,906,601
Assets and Liabilities:
- Total Assets: $4,230,680
- Total Liabilities: $10,622
- Net Assets: $4,220,058
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Organization Details
Founding Year
1991
Phone
(518) 489-4731Principal Officer
Marita Jadlos
Main Address
391 WESTERN AVENUE, ALBANY, NY, 12203
NTEE Category
Code: B11 - Education
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