Overview
What is Schlarman Foundation Inc?
Schlarman Foundation Inc, headquartered in Danville, Illinois, is a nonprofit organization dedicated to supporting Catholic education. Their primary mission is to provide financial aid, contributing to various aspects of Catholic education within the jurisdiction of Schlarman Academy. This includes offering scholarships to Schlarman students, aiming to make quality education more accessible. The foundation also collaborates with the Schlarman Development Office in areas of long-term financial development. By doing so, Schlarman Foundation Inc plays a crucial role in fostering educational opportunities within the Catholic community.
Is Schlarman Foundation Inc legitimate?
Schlarman Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schlarman 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.
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What is the mission statement of Schlarman Foundation Inc?
The Schlarman Foundation Inc was established with the primary objective of providing financial support to various aspects of Catholic education. Its mission is to aid Schlarman Academy, situated within its jurisdiction, in promoting Catholic education. The foundation also assists the Schlarman Development Office in their long-term financial development initiatives. One of the ways the Schlarman Foundation provides financial support is by offering scholarships to students attending Schlarman Academy. The foundation's role in Catholic education is crucial, contributing to the overall growth and development of the religious education system.
Who is the CEO of Schlarman Foundation Inc?
Nancy O'Kane is the Director of Schlarman Foundation Inc.
What is the revenue of Schlarman Foundation Inc?
Schlarman Foundation Inc's revenue in 2022 was $594,076.
Who are the executives of Schlarman Foundation Inc and what are their salaries?
There 19 volunteers at Schlarman Foundation Inc.
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Where can I find the form 990 for Schlarman Foundation Inc?
Schlarman Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Schlarman Foundation Inc
The Schlarman Foundation Inc was established with a mission to provide financial support to various aspects of Catholic education. Situated within the jurisdiction of Schlarman Academy, the foundation's primary objective is to financially bolster Catholic education. In addition to this, the Schlarman Foundation aids the development office in their efforts to secure long-term financial support. This assistance extends to Schlarman Academy, where they offer scholarships to deserving students, thereby furthering the cause of Catholic education. By providing both direct financial aid and collaborative support, the Schlarman Foundation Inc plays a significant role in promoting Catholic education.
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Impact
October, 2024
Schlarman Foundation Inc significantly impacts the landscape of Catholic education in Danville, IL, through its financial support initiatives. By providing vital funding to Schlarman Academy, the foundation helps facilitate scholarships for students, making quality education more accessible and affordable. This support not only enhances individual learning opportunities but also strengthens the overall educational environment within the community.
The foundation's commitment to Catholic education encompasses a broad range of support mechanisms that aid in long-range financial development. By assisting Schlarman Academy and its development office, the foundation plays a crucial role in ensuring the sustainability and growth of educational programs that align with Catholic values and teachings. Through its efforts, Schlarman Foundation Inc fosters a rich educational experience for students, empowering them to thrive academically and spiritually.
This information is meant to be a general summary of Schlarman 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: $60,839
- Gross Receipts: $715,465
Assets and Liabilities:
- Total Assets: $4,055,135
- Total Liabilities: $0
- Net Assets: $4,055,135
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Organization Details
Founding Year
1974
Phone
(217) 442-7947Principal Officer
Nancy O'Kane
Main Address
PO BOX 874, DANVILLE, IL, 618340874
NTEE Category
Code: B25 - Education
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