Overview
What is Archdiocesan Education Fund?
The Archdiocesan Education Fund is a nonprofit organization situated in Wayne, Pennsylvania. Its primary objective is to support and finance the general educational programs and activities carried out by the Roman Catholic Archdiocese of Philadelphia or its associated parishes. This fund operates with a religious, educational, charitable, and scientific purpose, aiming to contribute financially to the various educational initiatives under the Archdiocese's umbrella. By doing so, the Archdiocesan Education Fund plays a crucial role in upholding and fostering the educational mission of the Roman Catholic Archdiocese of Philadelphia.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 63%)
The Archdiocesan Education Fund holds a Two-Star rating from Charity Navigator, indicating a need for improvement in its Accountability & Finance practices. The score reflects a lack of independent board members and missing policies, such as those related to conflict of interest and whistleblowing. While the organization performs well in areas like financial audits and program expense ratios, the absence of robust governance structures raises concerns.
Strengths include a solid program expense ratio, showing a commitment to utilizing funds for its charitable mission. However, the independent board membership is absent, which is critical for effective oversight. Moreover, the lack of essential policies could undermine accountability and transparency, which are crucial for maintaining trust with supporters and stakeholders.
User reviews from GreatNonprofits are currently not available, so community sentiment feedback cannot be analyzed. Overall, while the Archdiocesan Education Fund shows some financial strengths, considerable improvements in governance and transparency would enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Archdiocesan Education Fund legitimate?
Archdiocesan Education Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Archdiocesan Education Fund 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Archdiocesan Education Fund?
The Archdiocesan Education Fund operates with the primary goal of providing financial support and assistance for religious, educational, charitable, and scientific purposes. This is achieved by aiding the general educational programs and activities conducted by the Roman Catholic Archdiocese of Philadelphia or its parishes. The fund's objective is to contribute financially and provide assistance to enhance the educational sector within the Roman Catholic Archdiocese of Philadelphia and its affiliated parishes.
Who is the CEO of Archdiocesan Education Fund?
Matthew H Mccloskey Iv is the President of Archdiocesan Education Fund.
What is the revenue of Archdiocesan Education Fund?
Archdiocesan Education Fund's revenue in 2022 was $7,961,135.
Who are the executives of Archdiocesan Education Fund and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Archdiocesan Education Fund?
Archdiocesan Education Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Archdiocesan Education Fund
The Archdiocesan Education Fund is dedicated to serving religious, educational, charitable, and scientific purposes. Operating under the Roman Catholic Archdiocese of Philadelphia, this nonprofit organization provides financial support and assistance to the general educational programs and activities conducted by the archdiocese or its parishes. Its mission is to contribute to the overall educational endeavors and activities within the archdiocese, aiming to enhance and strengthen the educational infrastructure and opportunities for the community.
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Impact
October, 2024
The Archdiocesan Education Fund plays a crucial role in supporting educational initiatives within the Roman Catholic Archdiocese of Philadelphia. By providing financial assistance, the Fund enhances various educational programs and activities, ensuring access to quality education grounded in religious values. This support not only helps maintain existing educational institutions but also fosters the development of new programs that cater to the diverse needs of students and families within the archdiocese. As a result, the Fund contributes significantly to the overall growth and enrichment of the educational landscape in the region, promoting both academic excellence and spiritual development.
This information is meant to be a general summary of Archdiocesan Education Fund. 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: $7,956,135
- Gross Receipts: $20,634,566
Assets and Liabilities:
- Total Assets: $78,079,983
- Total Liabilities: $168,759
- Net Assets: $77,911,224
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Organization Details
Founding Year
1946
Phone
(610) 502-5310Principal Officer
Matthew H Mccloskey Iv
Main Address
115 BLOOMINGDALE AVENUE, WAYNE, PA, 19087
NTEE Category
Code: B110 - Education
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