Overview
What is The Catholic Education Endowment Inc?
The Catholic Education Endowment Inc, located in Washington, Indiana, is a 501(c)(3) nonprofit organization with a singular mission: to contribute to the Church's objective of educating the youth. They achieve this by receiving donations, which are then strategically invested to generate a consistent income. This income is subsequently distributed to support the Washington Catholic School System, ensuring a lasting source of funding for top-tier Catholic education in the region. The organization's workforce consists of only one dedicated individual.
Official website here: www.wccardinals.org/endowment_home.html
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Catholic Education Endowment Inc has earned a 76% rating from Charity Navigator, reflecting a solid performance primarily in accountability and finance. The organization demonstrates strong governance with 100% independent board members and a high program expense ratio of 95.01%, indicating that most of its funds are directed towards its educational initiatives.
However, the charity does face some limitations, particularly in its lack of certain essential policies. Notably, it is missing both a conflict of interest policy and a whistleblower policy, which are critical for maintaining transparency and ethical standards. Additionally, the nonprofit has not posted its tax form on its website, which could enhance accountability to stakeholders.
Despite these shortcomings, the organization's financial health appears stable, with a liabilities to assets ratio of just 1.80%. Overall, while there are areas for improvement, The Catholic Education Endowment Inc shows a commitment to its mission of supporting Catholic education.
This AI summary has been generated from information found on Charity Navigator.
Is The Catholic Education Endowment Inc legitimate?
The Catholic Education Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Catholic Education Endowment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,690
For more financial information, click here
Official website here: www.wccardinals.org/endowment_home.html
What is the mission statement of The Catholic Education Endowment Inc?
The Catholic Education Endowment Inc, as a philanthropic organization, is dedicated to upholding the Church's mission to educate young individuals. By establishing a permanent source of income, it aims to ensure the availability of high-quality Catholic education within the Washington area. The organization receives donations, which are then strategically invested to generate revenue. This revenue is subsequently distributed to support the Washington Catholic School System, thereby contributing to the education of numerous youths in the region.
Official website here: www.wccardinals.org/endowment_home.html
Who is the CEO of The Catholic Education Endowment Inc?
Lynn Williams is the President of The Catholic Education Endowment Inc.
Official website here: www.wccardinals.org/endowment_home.html
What is the revenue of The Catholic Education Endowment Inc?
The Catholic Education Endowment Inc's revenue in 2022 was $195,427.
Official website here: www.wccardinals.org/endowment_home.html
Who are the executives of The Catholic Education Endowment Inc and what are their salaries?
The average compensation at The Catholic Education Endowment Inc during 2022 was $1,690. There is 1 employee and 16 volunteers at The Catholic Education Endowment Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.wccardinals.org/endowment_home.html
Where can I find the form 990 for The Catholic Education Endowment Inc?
The Catholic Education Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wccardinals.org/endowment_home.html
Learn more at the official website: www.wccardinals.org/endowment_home.html
Mission Statement of The Catholic Education Endowment Inc
The Catholic Education Endowment, Inc. is dedicated to upholding the Church's mandate to nurture the education of young people. This nonprofit organization serves as a reliable source of income, ensuring the continuity of high-quality Catholic education within the Washington area. By receiving and investing donations, The Catholic Education Endowment, Inc. generates funds that are subsequently distributed to the local Catholic school system, thereby ensuring the long-term viability of Catholic education in the community.
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Impact
October, 2024
The Catholic Education Endowment Inc significantly impacts the educational landscape in the Washington area by ensuring a sustainable and permanent source of income for quality Catholic education. By investing donations, the organization generates funds that are crucial for supporting the Washington Catholic School System. This financial backing allows schools to maintain high standards, enhance educational programs, and provide resources to enrich the learning experience for students. Ultimately, the Endowment plays a vital role in fulfilling the Church's mission to educate youth, fostering spiritual growth and academic excellence in the community.
This information is meant to be a general summary of The Catholic Education Endowment 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: $99,226
- Gross Receipts: $358,457
Assets and Liabilities:
- Total Assets: $2,780,525
- Total Liabilities: $62,443
- Net Assets: $2,718,082
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Organization Details
Founding Year
1975
Phone
(812) 254-3433Principal Officer
Lynn Williams
Main Address
PO BOX 916, WASHINGTON, IN, 47501
NTEE Category
Code: X22Z - Religion related
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