Overview
What is Muskegon County Catholic Education Foundation Inc?
Muskegon County Catholic Education Foundation Inc is a nonprofit organization situated in Muskegon, Michigan, specifically at 1851 Barclay Ave. Their primary mission is to financially support the Catholic schools in Muskegon County, ensuring the continued operation of these educational institutions. They achieve this through various means, including fundraising, investments, and managing endowments. The goal is to provide financial aid, helping to cover tuition costs for the approximately 350 students attending from pre-kindergarten through 12th grade. The Foundation's work is instrumental in sustaining and enhancing the educational opportunities for children in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
The Muskegon County Catholic Education Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is derived from an impressive 86% in these areas, demonstrating a commitment to financial transparency and effective governance.
Key strengths of the foundation include a fully independent board, with eight members, and a robust conflict of interest policy. Their financial management is notable, with a high program expense ratio of 94.56%, reflecting a strong focus on their mission-related activities. Additionally, they have established effective oversight mechanisms, including an active audit and oversight committee.
Despite these strengths, the rating is based solely on the Accountability & Finance beacon, which means there may be limited insight into programmatic effectiveness or impact. However, the organization appears to be well-managed financially, which is a positive indicator for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Muskegon County Catholic Education Foundation Inc legitimate?
Muskegon County Catholic Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Muskegon County Catholic Education Foundation Inc 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: $10,286
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What is the mission statement of Muskegon County Catholic Education Foundation Inc?
The Muskegon County Catholic Education Foundation Inc's mission is centered around providing financial aid to Catholic schools in Michigan. The foundation engages in fundraising and investment activities, as well as managing endowments, to support these educational institutions. One of its key objectives is to offer tuition assistance, aiming to make quality Catholic education more accessible. The foundation's grants primarily contribute to the operation of schools, serving approximately 350 students from pre-kindergarten to twelfth grade.
Who is the CEO of Muskegon County Catholic Education Foundation Inc?
Ken Rasp is the Principal Officer of Muskegon County Catholic Education Foundation Inc.
What is the revenue of Muskegon County Catholic Education Foundation Inc?
Muskegon County Catholic Education Foundation Inc's revenue in 2022 was $1,074,519.
Who are the executives of Muskegon County Catholic Education Foundation Inc and what are their salaries?
There 200 volunteers at Muskegon County Catholic Education Foundation Inc.
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Where can I find the form 990 for Muskegon County Catholic Education Foundation Inc?
Muskegon County Catholic Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Muskegon County Catholic Education Foundation Inc
Muskegon County Catholic Education Foundation Inc is committed to providing financial support for the Catholic schools in Michigan's Muskegon County. This nonprofit organization undertakes various initiatives, including fundraising, investment, and endowments, with the primary goal of aiding these schools. The foundation's mission is to assist these educational institutions financially, thereby enabling them to offer quality education and providing tuition assistance to the students. With approximately 350 pre-kindergarten through 12th grade students in attendance, the schools benefit significantly from the foundation's grants for their operational needs.
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Impact
October, 2024
Muskegon County Catholic Education Foundation Inc significantly impacts the educational landscape by providing crucial financial support to Catholic schools in Muskegon County, Michigan. By facilitating fundraising efforts and managing investments and endowments, the Foundation ensures that approximately 350 pre-k through 12th grade students can access quality education.
Through grants specifically earmarked for operational needs, the Foundation helps sustain and enhance the programs offered by these schools, allowing them to maintain their educational standards and support systems. Additionally, by offering tuition assistance, the Foundation alleviates financial barriers for families, making Catholic education more accessible. This support fosters a nurturing environment where students can thrive academically and personally, ultimately benefiting the entire community.
This information is meant to be a general summary of Muskegon County Catholic Education Foundation Inc. 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: $250,990
- Gross Receipts: $1,221,689
Assets and Liabilities:
- Total Assets: $7,339,117
- Total Liabilities: $132,315
- Net Assets: $7,206,802
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Organization Details
Founding Year
1969
Phone
(231) 755-1000Principal Officer
Ken Rasp
Main Address
1851 Barclay Ave, Muskegon, MI, 49441
NTEE Category
Code: B20I - Education
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