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Mcmahon-Parater Scholarship Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261830477 ✦ Richmond, VA ✦ Designated as a 501(c)(3)

Overview

What is Mcmahon-Parater Scholarship Foundation?

The Mcmahon-Parater Scholarship Foundation is a charitable organization based in Richmond, Virginia. Their primary focus is to offer financial assistance to Catholic schools situated within the geographical boundaries of the Roman Catholic Diocese of Richmond. The funds received are earmarked specifically for tuition assistance, benefiting both Catholic and non-Catholic families. By providing financial aid, the foundation aims to make tuition affordable for a wider range of families, fostering access to quality education for all.


Official website here: www.mcmahonparater.org

Is Mcmahon-Parater Scholarship Foundation legitimate?

Mcmahon-Parater Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcmahon-Parater Scholarship Foundation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mcmahonparater.org

What is the mission statement of Mcmahon-Parater Scholarship Foundation?

The McMahon-Parater Scholarship Foundation supports Catholic schools within a specified geographical area. Its mission is to provide financial assistance to these educational institutions, benefiting both Catholic and non-Catholic families. The foundation's funds are earmarked for tuition assistance, enabling families to reduce their tuition costs and make Catholic education more affordable. The aim is to help families from various backgrounds access quality education and enrich their children's lives through Catholic schools. By offering this assistance, the foundation plays a vital role in ensuring the continued success and inclusivity of these schools.


Official website here: www.mcmahonparater.org

Who is the CEO of Mcmahon-Parater Scholarship Foundation?

Margaret Keightley is the Executive Director of Mcmahon-Parater Scholarship Foundation.


Official website here: www.mcmahonparater.org

What is the revenue of Mcmahon-Parater Scholarship Foundation?

Mcmahon-Parater Scholarship Foundation's revenue in 2023 was $15,894,920.


Official website here: www.mcmahonparater.org

Who are the executives of Mcmahon-Parater Scholarship Foundation and what are their salaries?

Here are 14 key members and their salaries:

    Michael J Mcgee (Chief Financial Officer)
  • Compensation: $0
  • Related: $197,847
  • Other: $52,610

    • Margaret Keightley (Executive Director)
  • Compensation: $0
  • Related: $137,029
  • Other: $65,617

    • Kelly Lazzara (President) [Trustee/Director]
  • Compensation: $0
  • Related: $139,825
  • Other: $41,255

    • Barry C Knestout (Sole Member) [Trustee/Director]
  • Compensation: $0
  • Related: $28,874
  • Other: $21,858

    • Bruce Holbrook (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen B Barrett (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edward T Blair (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Walter Malone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Virginia Marchetti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Robert Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Reardon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephanie Stumpf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Strassburg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Geline B Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mcmahonparater.org

    Where can I find the form 990 for Mcmahon-Parater Scholarship Foundation?

    The Mcmahon-Parater Scholarship Foundation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.mcmahonparater.org

    Learn more at the official website: www.mcmahonparater.org

    Mission Statement of Mcmahon-Parater Scholarship Foundation

    The McMahon-Parater Scholarship Foundation is a charitable organization dedicated to assisting Catholic schools within the geographical boundaries of the Roman Catholic Diocese of Richmond. This foundation's mission is to provide financial aid to these schools, enabling them to offer more affordable tuition to families, regardless of their religious affiliation.

    In practice, the McMahon-Parater Scholarship Foundation plays a pivotal role in making Catholic education accessible to a larger number of families. By providing tuition assistance, the foundation lightens the financial burden for both Catholic and non-Catholic families, ensuring that the cost of tuition remains within their reach. This commitment to financial aid is an essential initiative aimed at fostering educational opportunities for children in the community.

    The McMahon-Parater Scholarship Foundation's dedication to supporting Catholic schools extends beyond just financial assistance. By marking the funds specifically for tuition assistance, the foundation enables these educational institutions to maintain their financial stability while keeping their tuition costs reasonable. Ultimately, the foundation's efforts contribute to the long-term success of Catholic schools and the students they serve.

    Impact

    This information is meant to be a general summary of Mcmahon-Parater Scholarship Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The McMahon-Parater Scholarship Foundation's impact is significant in providing financial assistance to Catholic schools within the Roman Catholic Diocese of Richmond. Specifically, the foundation's focus on tuition assistance helps both Catholic and non-Catholic families to reduce their tuition costs, making Catholic education more affordable and accessible to a wider range of students within the community. This support contributes to the sustainability and growth of Catholic education in the area, fostering a strong educational environment with diverse student participation.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $176,152
  • Program Service Revenue: $0
  • Gross Receipts: $33,783,403

    • Assets and Liabilities:
  • Total Assets: $10,612,071
  • Total Liabilities: $330,231
  • Net Assets: $10,281,840
  • Organization Details

    Founding Year

    2007

    Principal Officer

    Margaret Keightley

    Main Address

    7800 CAROUSEL LANE, RICHMOND, VA, 23294

    NTEE Category

    Code: X192 - Religion related

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