Overview
What is St Mary's Springs Academy Foundation Inc?
St. Mary's Springs Academy Foundation Inc. is a charitable organization based in Fond du Lac, Wisconsin, specifically at 255 CTY Rd K, ZIP code 54935. Its primary purpose is to support Catholic elementary and secondary education in the Fond du Lac area. They accomplish this by managing and distributing various types of funds, including permanently and temporarily restricted ones, as well as unallocated funds and agency funds. In 2022, the foundation provided financial aid to 312 students to help them attend St. Mary's Springs Grade School or High School. By doing so, they are fulfilling the intentions of past and future donors, ensuring that Catholic education remains accessible within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
St Mary's Springs Academy Foundation Inc demonstrates strengths in governance and financial management, notably achieving a perfect score for its independent board composition and having no material diversion of assets. Additionally, the organization maintains an impressive program expense ratio of 93.49%, indicating that a significant portion of its expenses directly supports its mission.
However, the foundation faces notable limitations regarding its transparency and accountability practices. It has received no points for the absence of key policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy. Furthermore, the tax form that is typically expected to be available on nonprofit websites is missing, contributing to its overall Two-Star rating from Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is St Mary's Springs Academy Foundation Inc legitimate?
St Mary's Springs Academy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Mary's Springs Academy 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: $0
Other Salaries and Wages: $0
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What is the mission statement of St Mary's Springs Academy Foundation Inc?
St. Mary's Springs Academy Foundation Inc's mission is centered around managing and distributing various types of funds, including permanently, temporarily restricted, unrestricted, and agency funds. This is done with the primary objective of supporting Catholic elementary and secondary education within a specific area. The foundation ensures that these funds are distributed according to the intentions of both past and future donors. It provides financial aid to students in need, enabling them to attend St. Mary's Springs Grade School or High School, as demonstrated by the distribution of aid to 312 students in 2022.
Who is the CEO of St Mary's Springs Academy Foundation Inc?
Kason Klumpyan is the Member of St Mary's Springs Academy Foundation Inc.
What is the revenue of St Mary's Springs Academy Foundation Inc?
St Mary's Springs Academy Foundation Inc's revenue in 2022 was $43,967.
Who are the executives of St Mary's Springs Academy Foundation Inc and what are their salaries?
There 12 volunteers at St Mary's Springs Academy Foundation Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for St Mary's Springs Academy Foundation Inc?
St Mary's Springs Academy Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Mary's Springs Academy Foundation Inc
St. Mary's Springs Academy Foundation Inc is committed to safeguarding, managing, and distributing various funds for the benefit of Catholic elementary and secondary education in the Fond du Lac area. This organization ensures that the intentions of past and future donors are upheld. The funds they manage include permanently restricted funds, temporarily restricted funds, unresticted funds, and agency funds. Their primary objective is to provide financial aid to students who require assistance to attend St. Mary's Springs Grade School or High School. In 2022, they awarded financial aid to 312 students, demonstrating their dedication to making Catholic education accessible to those in need.
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Impact
August, 2024
St. Mary's Springs Academy Foundation Inc's impact can be seen in its dedication to safeguarding, managing, and distributing funds to support Catholic elementary and secondary education in the Fond du Lac area. By providing financial aid to students in need, the Foundation ensures that 312 students were able to attend St. Mary's Springs Grade School or High School in 2022. This direct assistance helps to make quality education accessible to those who may not otherwise have the means to afford it, contributing to the development and success of students in the community.
This information is meant to be a general summary of St Mary's Springs Academy 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: -$13,218
- Gross Receipts: $8,958,917
Assets and Liabilities:
- Total Assets: $5,891,874
- Total Liabilities: $0
- Net Assets: $5,891,874
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Organization Details
Founding Year
2001
Phone
(920) 921-4870Principal Officer
Kason Klumpyan
Main Address
255 CTY RD K, FOND DU LAC, WI, 54935
NTEE Category
Code: B110 - Education
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