Overview
What is Chaminade Development Fund Inc?
Chaminade Development Fund Inc is a nonprofit organization based in Mineola, New York, with approximately 1,650 students benefiting from its financial support. Their primary mission is to provide Catholic education by offering reduced tuition charges for Chaminade High School, which is located in Mineola. The organization, consisting of 12 employees, strives to ensure accessibility to quality Catholic education for students in need. Through financial assistance, Chaminade Development Fund Inc makes a difference in the lives of many by supporting Chaminade High School and its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
The Chaminade Development Fund Inc has received a Three-Star rating from Charity Navigator, indicating an overall score of 77%. This rating reflects a strong emphasis on accountability and finance, with the organization demonstrating solid financial health metrics such as a perfect score in its liabilities to assets ratio, program expense ratio, fundraising efficiency, and working capital ratio. This suggests effective management of resources and a focus on its mission-driven activities.
However, the organization faces notable limitations in governance practices, as evidenced by its score of 0 for independent board size and several key transparency policies. While it has a fully independent board in terms of majority members, the lack of an independent board size and deficiencies in financial statement audits raise concerns about overall governance and oversight. Additionally, the absence of several essential policies regarding conflict of interest, whistleblower protections, and document retention could impact stakeholder trust.
Overall, while Chaminade Development Fund Inc showcases strong financial metrics that highlight effective fund utilization, improvements in governance and policy transparency are necessary for enhancing its credibility and accountability within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Chaminade Development Fund Inc legitimate?
Chaminade Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chaminade Development Fund 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: $343,551
Other Salaries and Wages: $606,363
For more financial information, click here
What is the mission statement of Chaminade Development Fund Inc?
The Chaminade Development Fund Inc is dedicated to providing financial assistance for Catholic education, specifically for Chaminade High School. Through their efforts, approximately 1,650 students have benefited from reduced tuition fees. The organization's primary goal is to make Catholic education accessible to a larger number of students, thus expanding educational opportunities. By offering financial support, the Chaminade Development Fund Inc enables deserving students to attend the school and receive a quality education. The organization's commitment to Catholic education and financial assistance plays a crucial role in ensuring that deserving students are not denied the opportunity to pursue their education due to financial constraints.
Who is the CEO of Chaminade Development Fund Inc?
Bro Thomas J Cleary S is the Principal Officer of Chaminade Development Fund Inc.
What is the revenue of Chaminade Development Fund Inc?
Chaminade Development Fund Inc's revenue in 2022 was $29,803,893.
Who are the executives of Chaminade Development Fund Inc and what are their salaries?
The average compensation at Chaminade Development Fund Inc during 2022 was $50,530. There are 12 employees and 195 volunteers at Chaminade Development Fund Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Chaminade Development Fund Inc?
Chaminade Development Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chaminade Development Fund Inc
Chaminade Development Fund Inc is a non-profit organization dedicated to providing financial support for Catholic education. This mission is specifically focused on Chaminade High School, located in Mineola, New York. Through its efforts, approximately 1,650 students have benefited from reduced tuition charges, enabling them to attend the school.
The Chaminade Development Fund plays a significant role in making Catholic education accessible to a large number of students. By providing financial assistance, it ensures that deserving students can attend Chaminade High School despite financial constraints. This not only enables these students to receive a quality Catholic education but also broadens the school's student body, fostering a diverse and inclusive learning environment.
The organization's primary goal is to ensure that no deserving student is denied the opportunity to attend Chaminade High School due to financial difficulties. By providing financial support, the Chaminade Development Fund is not only transforming the lives of individual students but also contributing to the broader community by fostering the growth of the next generation of leaders. The organization's commitment to Catholic education extends beyond just financial support, as it also aims to instill values and principles that shape students into responsible and compassionate members of society.
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Impact
October, 2024
Chaminade Development Fund Inc significantly enhances educational opportunities by providing financial support for Chaminade High School in Mineola, New York. This support has a direct impact on approximately 1,650 students, enabling them to benefit from reduced tuition charges. By facilitating access to Catholic education, the Fund enriches the academic and spiritual development of these students, fostering a supportive community and contributing to their overall growth and success.
This information is meant to be a general summary of Chaminade Development Fund 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: $1,638,528
- Program Service Revenue: $76,000
- Gross Receipts: $45,844,625
Assets and Liabilities:
- Total Assets: $73,574,053
- Total Liabilities: $345,354
- Net Assets: $73,228,699
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION GUARANTEE PROGRAM
Revenue
$76,000
Organization Details
Founding Year
1969
Phone
(516) 742-5555Principal Officer
Bro Thomas J Cleary S
Main Address
JACKSON AVENUE AND EMORY ROAD, MINEOLA, NY, 11501
NTEE Category
Code: B110 - Education
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