Overview
What is Lourdes Foundation Inc?
Lourdes Foundation Inc is a charitable organization located in Rochester, Minnesota, with an address at 1710 Industrial Drive NW. Their primary mission is to support and celebrate Rochester Catholic Schools by uniting alumni, parents, and friends. One of their significant initiatives is a scholarship program, which provided financial aid totalling $361,324 to 99 students in need, primarily at Lourdes High School. Awards were given at various levels, including elementary, middle, and high school, with a portion also allocated for college scholarships. The foundation's efforts contribute to the well-being and education of students within the Rochester Catholic Schools community.
Official website here: www.rcsmn.org/support-rcs/lourdes-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Lourdes Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The charity's overall score is entirely based on its accountability metrics, with a perfect score in key areas such as having a majority independent board and comprehensive financial oversight. The foundation's sound financial practices are further demonstrated by a low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of its resources is directed towards its mission.
The foundation's governance structure is robust, featuring 100% independent board members, which enhances transparency and trust. It has also implemented essential policies like conflict of interest, whistleblower protections, and document retention, all contributing to a well-regulated organizational environment. These factors highlight the foundation's dedication to maintaining high ethical standards and operational integrity.
While the data does not indicate any significant limitations, the sole focus on financial accountability means that other potential aspects of the organization's effectiveness, such as program impact or community engagement, are not highlighted in the rating. Overall, Lourdes Foundation Inc stands out as a well-managed nonprofit committed to making effective use of its funds.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lourdes Foundation Inc?
94% of 21 reviewers on Facebook recommend Lourdes Foundation Inc. Here is a summary of their reviews:
Many supporters express high praise for the foundation's educational initiatives, often highlighting the outstanding quality of the schools associated with the nonprofit. Reviewers appreciate the impactful programs offered and recognize the positive influence the foundation has on the community.
Overall, the sentiment remains very favorable, with users feeling confident in the services provided and expressing assurance in the foundation's commitment to achieving its mission. The consistent affirmations reflect a strong trust in the organization and its efforts to foster an enriching educational environment.
This AI summary has been generated from reviews found on Facebook.
Is Lourdes Foundation Inc legitimate?
Lourdes Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lourdes 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:
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Official website here: www.rcsmn.org/support-rcs/lourdes-foundation
What is the mission statement of Lourdes Foundation Inc?
Lourdes Foundation Inc's mission is centered around bringing together alumni, parents, and supporters in celebration and assistance for Rochester Catholic schools. Their primary objective is to provide financial aid to students in need, primarily from Lourdes High School, as evidenced by the scholarship program that awarded $361,324 to 99 students in 2021. This aid was distributed across various levels of education, with 7 awards at the elementary level, 25 at the middle school level, and 215 at the high school level. Additionally, $9,188 of these awards were college scholarships.
Official website here: www.rcsmn.org/support-rcs/lourdes-foundation
Who is the CEO of Lourdes Foundation Inc?
Joseph Mahoney is the Director of Lourdes Foundation Inc.
Official website here: www.rcsmn.org/support-rcs/lourdes-foundation
What is the revenue of Lourdes Foundation Inc?
Lourdes Foundation Inc's revenue in 2022 was $1,937,290.
Official website here: www.rcsmn.org/support-rcs/lourdes-foundation
Who are the executives of Lourdes Foundation Inc and what are their salaries?
Here are 16 key members and their salaries:
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Official website here: www.rcsmn.org/support-rcs/lourdes-foundation
Where can I find the form 990 for Lourdes Foundation Inc?
Lourdes Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rcsmn.org/support-rcs/lourdes-foundation
Learn more at the official website: www.rcsmn.org/support-rcs/lourdes-foundation
Mission Statement of Lourdes Foundation Inc
Lourdes Foundation Inc, a nonprofit organization, is committed to fostering a sense of unity among alumni, parents, and supporters of Rochester Catholic Schools. Its primary mission is to celebrate and provide assistance to these institutions, with a significant focus on Lourdes High School. The foundation accomplishes this mission through its scholarship program, which offers financial aid to students in need, primarily at Lourdes High School. The scholarship program awarded a total of $361,324 to 99 deserving students, with college scholarships making up a portion of these awards. The program extends support to students at various levels, including elementary, middle, and high school, with 7 awards at the elementary level, 25 awards at the middle school level, and a substantial 215 awards at the high school level. Lourdes Foundation Inc's mission is to unite and uplift the community around Rochester Catholic Schools, providing essential financial aid and fostering a sense of unity among its alumni, parents, and supporters.
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Impact
October, 2024
Lourdes Foundation Inc has made a significant impact on Rochester Catholic Schools by fostering a sense of community among alumni, parents, and friends. Through its scholarship program, the foundation awarded $361,324 to 99 students in financial need, primarily benefiting Lourdes High School, where 247 awards were distributed. In addition, the foundation extended support to students at the elementary and middle school levels, awarding seven and 25 scholarships, respectively.
The substantial financial assistance provided by Lourdes Foundation reflects its commitment to making education accessible, with a portion of the funds contributing to college scholarships. By uniting various stakeholders in celebration and support of Rochester Catholic Schools, the foundation enriches the educational experience and strengthens the community, ensuring that financial barriers do not hinder students from pursuing their academic goals.
This information is meant to be a general summary of Lourdes 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: $918,188
- Gross Receipts: $4,199,579
Assets and Liabilities:
- Total Assets: $9,396,847
- Total Liabilities: $15,026
- Net Assets: $9,381,821
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Organization Details
Founding Year
1974
Phone
(507) 424-1817Principal Officer
Joseph Mahoney
Main Address
1710 INDUSTRIAL DRIVE NW, ROCHESTER, MN, 55901
NTEE Category
Code: B25I - Education
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