Overview
What is St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee?
The St. Joseph HS Endowment Fund, managed by Prosperity Bank Trustee, is a nonprofit entity established to support St. Joseph High School in Victoria, Texas. This exempt organization manages an endowment fund, which is disbursed to the school for its operational needs. This financial resource aids in the school's day-to-day activities, contributing to its overall well-being and growth. The fund's primary mission is to provide ongoing financial support for St. Joseph High School.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The overall score is solely based on the Accountability & Finance category, suggesting that the organization has not demonstrated adequate transparency or governance practices to earn a higher rating.
One of the key strengths of the nonprofit is its high program expense ratio of 93.90%, indicating that the majority of its expenses are dedicated to its programs rather than administrative costs. However, the organization falls short in several critical areas, including the lack of independent board members and missing policies related to conflicts of interest, whistleblower protections, and document retention. Additionally, the absence of a website link on its tax forms further raises concerns about accessibility and transparency.
While the organization has managed to maintain a strong liabilities to assets ratio at 0.00%, the overall deficiency in governance and transparency policies could pose risks to its long-term effectiveness and credibility. Improvements in these areas would be necessary for the St Joseph Hs Endowment Fund to increase its rating and foster greater public trust.
This AI summary has been generated from information found on Charity Navigator.
Is St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee legitimate?
St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee 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: $17,515
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee?
The St. Joseph HS Endowment Fund, managed by Prosperity Bank Trustee, functions as an endowment for a high school. Its primary mission is to disburse funds to St. Joseph High School in Victoria, Texas, a tax-exempt organization, to support its operational needs. The endowment fund serves as a long-term financial resource, providing consistent financial support to the school to help it maintain its operations and continue its educational mission. The fund's purpose is to ensure the sustainability and growth of the school, thereby benefiting its students and community.
What is the revenue of St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee?
St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee's revenue in 2024 was $288,527.
Who are the executives of St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee and what are their salaries?
There is 1 key member and their salary:
- Compensation: $17,515
- Related: $0
- Other: $0
Where can I find the form 990 for St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee?
St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee
St. Joseph HS Endowment Fund, overseen by Prosperity Bank Trustee, is an endowment fund dedicated to supporting St. Joseph High School in Victoria, TX. This exempt organization serves as a financial resource for the school, disbursing funds to aid in its operations. The endowment fund's mission is to ensure the long-term financial stability and growth of St. Joseph High School, enabling it to provide quality education and resources to its students. By managing this endowment, St. Joseph HS Endowment Fund C/O Prosperity Bank Trustee plays a crucial role in supporting the school's ongoing operations and contributing to its continued success.
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Impact
October, 2024
The St. Joseph High School Endowment Fund, managed by Prosperity Bank as trustee, plays a crucial role in supporting the educational mission of St. Joseph High School in Victoria, Texas. By disbursing funds specifically for school operations, this endowment fund helps ensure that the school can maintain high-quality educational programs and resources. The financial stability provided by the endowment allows the school to invest in student development, faculty excellence, and enriching extracurricular activities.
This impactful support enables St. Joseph High School to focus on delivering a comprehensive education, fostering a nurturing environment for students, and preserving its commitment to academic and spiritual growth. Ultimately, the endowment fund strengthens the school's ability to serve its community, ensuring that generations of students receive a well-rounded education that prepares them for future success.
This information is meant to be a general summary of St Joseph Hs Endowment Fund C/O Prosperity Bank Trustee. 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 2024.
- Investment Income: $127,758
- Gross Receipts: $522,020
Assets and Liabilities:
- Total Assets: $3,154,605
- Total Liabilities: $0
- Net Assets: $3,154,605
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Organization Details
Founding Year
1975
NTEE Category
Code: B82 - Education
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