Overview
What is Marquette Foundation Inc?
Marquette Foundation Inc is a nonprofit organization dedicated to bolstering Catholic Secondary Education. They employ an Executive Director to oversee the organization and spearhead fundraising initiatives. Financially supporting their own operations and providing tuition aid to financially disadvantaged students at Marquette High School, as assessed by the school administration, are other key facets of their mission. The Marquette Foundation's work in this area aims to ensure that quality secondary education remains accessible to all, regardless of financial circumstances.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating. This rating reflects the Marquette Foundation Inc's performance in terms of accountability and financial health. While a score of 72% indicates a moderate level of effectiveness, it also suggests areas for improvement to enhance transparency and governance practices.
The foundation demonstrates strengths in board governance with perfect scores for independent board members, board size, and material diversion of assets. Additionally, it has a favorable program expense ratio, indicating that a significant portion of its expenses is allocated to its core mission-related activities. However, the foundation currently lacks essential policies such as conflict of interest and whistleblower protections, which are critical for maintaining a robust governance framework.
Despite the solid ratings in certain areas, the absence of key governance documents and policies could impact the foundation's credibility and trust among stakeholders. Addressing these gaps would enhance its overall rating and strengthen its operational integrity, making it more appealing to potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Marquette Foundation Inc legitimate?
Marquette Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marquette 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:
Executive Compensation: $15,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Marquette Foundation Inc?
The Marquette Foundation's mission is centered around supporting Catholic Secondary Education. They accomplish this by employing an Executive Director to oversee the organization and spearhead fundraising initiatives. Furthermore, the foundation provides financial aid for its operational expenses and offers tuition assistance to financially disadvantaged students at Marquette High School, as deemed necessary by the school administration. In essence, the Marquette Foundation is dedicated to enhancing Catholic secondary education by providing essential resources and financial aid.
Who is the CEO of Marquette Foundation Inc?
John J Schaefer is the Pres of Marquette Foundation Inc.
What is the revenue of Marquette Foundation Inc?
Marquette Foundation Inc's revenue in 2023 was $74,364.
Who are the executives of Marquette Foundation Inc and what are their salaries?
There 10 volunteers at Marquette Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
Where can I find the form 990 for Marquette Foundation Inc?
Marquette Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Marquette Foundation Inc
The Marquette Foundation, a devoted organization, is committed to supporting Catholic Secondary Education. Its primary mission involves hiring an Executive Director to oversee the organization's operations and spearhead fundraising activities. Beyond this, the foundation also allocates funds for its own administrative expenses. Moreover, it offers financial aid in the form of tuition assistance to economically disadvantaged students enrolled at Marquette High School, with the school administration determining the recipients of this aid. In essence, the Marquette Foundation serves to bolster the educational opportunities for financially struggling students within the realm of Catholic secondary education.
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Impact
August, 2024
Marquette Foundation Inc's impact is significant in supporting Catholic secondary education. They hire an Executive Director to manage the organization and execute fundraising activities. In addition, they provide funds for office operations and offer tuition assistance to financially needy students at Marquette High School in MICHIGAN CITY. Their dedication to supporting Catholic secondary education is reflected in their mission to ensure that students have access to quality education and opportunities for growth.
This information is meant to be a general summary of Marquette 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 2023.
- Investment Income: $85,084
- Gross Receipts: $282,477
Assets and Liabilities:
- Total Assets: $1,857,566
- Total Liabilities: $16,524
- Net Assets: $1,841,042
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Organization Details
Founding Year
1971
Phone
(219) 873-6640Principal Officer
John J Schaefer
Main Address
306 W 10th St, Michigan City, IN, 46360
NTEE Category
Code: B25I - Education
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