Overview
What is Pennsylvania State Council Knights Of Columbus Education Foundation Inc?
Pennsylvania State Council Knights of Columbus Education Foundation Inc is a nonprofit organization situated in North East, Pennsylvania, specifically at 10236 Sidehill Road. Their primary mission is to promote educational assistance, and they accomplish this by offering a unique Loan Rebate Program to eligible members. Upon the completion of their college loan repayments, members can receive a refund on the accrued interest. This foundation is committed to supporting its members in their educational pursuits, contributing to their financial well-being in the long term.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating
The Pennsylvania State Council Knights Of Columbus Education Foundation Inc has received an 80% score, reflecting a solid level of accountability and finance practices. This rating is derived entirely from a single beacon score, indicating a strong focus on financial health and transparency within the organization.
Key strengths include a fully independent board, with all 10 members being independent, and strong performance in areas such as document retention and asset management. The organization also showcases excellent financial ratios, including a 0.00% liabilities to assets ratio and a high program expense ratio of 93.24%, signifying that most of its expenses are directed towards its programs rather than administrative costs.
While the overall score is positive, the rating is primarily based on financial metrics without additional beacons that could provide insight into other operational aspects such as impact or efficiency. This limitation suggests that while the organization is financially sound, further information on program effectiveness would enhance the understanding of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Pennsylvania State Council Knights Of Columbus Education Foundation Inc legitimate?
Pennsylvania State Council Knights Of Columbus Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania State Council Knights Of Columbus Education 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 Pennsylvania State Council Knights Of Columbus Education Foundation Inc?
The Pennsylvania State Council Knights of Columbus Education Foundation Inc's mission is centered around promoting educational assistance. They accomplish this by offering a loan rebate program to eligible members who finance their education. Upon the completion of their college loan repayment, these members receive a refund on the interest accrued on their loans. This foundation's objective is to support the educational pursuits of its members, contributing to their future success.
What is the revenue of Pennsylvania State Council Knights Of Columbus Education Foundation Inc?
Pennsylvania State Council Knights Of Columbus Education Foundation Inc's revenue in 2024 was $41,753.
Who are the executives of Pennsylvania State Council Knights Of Columbus Education Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Pennsylvania State Council Knights Of Columbus Education Foundation Inc?
Pennsylvania State Council Knights Of Columbus Education Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Pennsylvania State Council Knights Of Columbus Education Foundation Inc
The Pennsylvania State Council Knights of Columbus Education Foundation Inc is dedicated to promoting educational assistance. They achieve this goal by offering a unique loan rebate program to eligible members. This program is designed to assist individuals who finance their education by repaying their college loans. Upon completion of the loan repayment, an interest rebate is provided as a refund by the foundation. This initiative serves as a valuable resource for those seeking to further their education, providing them with financial relief at the end of their college loan repayment period.
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Impact
August, 2024
Pennsylvania State Council Knights Of Columbus Education Foundation Inc's impact can be seen through its provision of a loan rebate program to eligible members who finance their education. This program assists college students by refunding the interest on their loans at the end of the repayment period. By offering this support, the foundation helps alleviate the financial burden of education for individuals striving to further their learning and career opportunities.
This information is meant to be a general summary of Pennsylvania State Council Knights Of Columbus Education 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 2024.
- Investment Income: $31,788
- Gross Receipts: $41,753
Assets and Liabilities:
- Total Assets: $1,692,996
- Total Liabilities: $0
- Net Assets: $1,692,996
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Organization Details
Founding Year
1969
Principal Officer
Kenneth Grugel
NTEE Category
Code: B82 - Education
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