Overview
What is Central Washington Catholic Foundation?
Central Washington Catholic Foundation, based at 5301 Tieton Drive STE F, Yakima, WA, is a nonprofit organization dedicated to supporting Catholic education. With a vision to provide enduring support for Catholic education and ministries in Central Washington, the foundation manages 41 endowment funds that benefit various parishes, schools, college scholarships, agencies, and seminarian education across the Diocese of Yakima. The foundation raises funds annually during the Celebration of Faith event, primarily for tuition assistance for children attending Catholic schools, grants for religious education programs in parishes, and college scholarships. During the 2022 fiscal year, the foundation provided grants to numerous organizations and individuals, contributing significantly to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
The Central Washington Catholic Foundation has earned a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization has demonstrated a strong governance structure with 100% independent board members and an appropriate board size, which suggests a commitment to ethical oversight.
However, the foundation faces significant challenges in its financial transparency, as it has not made financial statements available to the public, resulting in a low score in that area. Additionally, the absence of its website on tax forms and the lack of posted tax forms on its website are notable limitations, which hinder potential donors’ ability to fully assess its operations.
On a positive note, the organization has established several key policies, including conflict of interest and whistleblower policies, which reflect a solid internal framework. The program expense ratio of 58.20% indicates a reasonable allocation of funds toward its programs, but overall, the foundation must enhance its transparency to build greater trust with stakeholders and improve its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Central Washington Catholic Foundation legitimate?
Central Washington Catholic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Washington Catholic 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $73,034
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,245
For more financial information, click here
What is the mission statement of Central Washington Catholic Foundation?
The Central Washington Catholic Foundation's mission is centered around supporting Catholic education. This independent corporation aims to provide enduring support for Catholic education and ministries within Central Washington. The foundation manages 41 endowment funds, which contribute to various parishes, schools, college scholarships, agencies, and seminarian education across the Diocese of Yakima. During special events, such as the Celebration of Faith in October, the foundation raises funds specifically for tuition assistance for children attending Catholic schools, grants for religious education programs in parishes, and college scholarships. Throughout the year, the foundation also provides grants to organizations and individuals that benefit from its support, as seen in its 2022 fiscal year activities.
Who is the CEO of Central Washington Catholic Foundation?
Nicole St Mary-Franson is the Executive Director of Central Washington Catholic Foundation.
What is the revenue of Central Washington Catholic Foundation?
Central Washington Catholic Foundation's revenue in 2022 was $913,088.
Who are the executives of Central Washington Catholic Foundation and what are their salaries?
The average compensation at Central Washington Catholic Foundation during 2022 was $59,140. There are 2 employees and 30 volunteers at Central Washington Catholic Foundation.
Here are 12 key members and their salaries:
- Compensation: $70,020
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- Other: $7,916
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Where can I find the form 990 for Central Washington Catholic Foundation?
Central Washington Catholic Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Washington Catholic Foundation
The Central Washington Catholic Foundation, a self-governing body, is dedicated to supporting Catholic education. Its mission is to provide lasting assistance for Catholic education and ministries within Central Washington. The organization manages 41 endowment funds that extend their support to various parishes, schools, college scholarships, agencies, and seminary education across the Diocese of Yakima. During the annual Celebration of Faith event in October, the Foundation raises funds specifically for tuition assistance for children attending Catholic schools, grants to parishes for religious education programs, and college scholarships. In the 2022 fiscal year, the Central Washington Catholic Foundation provided grants to organizations and individuals that benefited a substantial number of recipients.
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Impact
October, 2024
Central Washington Catholic Foundation has made a significant impact on Catholic education in the region by providing enduring financial support through its 41 endowment funds. These funds benefit multiple parishes, schools, and educational initiatives, including college scholarships and seminarian education, throughout the Diocese of Yakima.
Every October, the foundation organizes the Celebration of Faith event to raise funds specifically designated for tuition assistance for children attending Catholic schools, grants for religious education programs, and scholarships for college-bound students. In the 2022 fiscal year, these efforts translated into tangible support for many organizations and individuals, enhancing the educational opportunities available to the community. The foundation not only strengthens existing educational programs but also empowers the next generation through financial assistance and resources, fostering a thriving Catholic educational environment in Central Washington.
This information is meant to be a general summary of Central Washington Catholic Foundation. 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: $1,316
- Program Service Revenue: $81,135
- Gross Receipts: $913,088
Assets and Liabilities:
- Total Assets: $5,528,844
- Total Liabilities: $6,307
- Net Assets: $5,522,537
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN FEES COLLECTED
Revenue
$81,135
Organization Details
Founding Year
2002
Principal Officer
Nicole St Mary-Franson
Main Address
5301 TIETON DRIVE STE F, Yakima, WA, 989083479
NTEE Category
Code: T12 - Philanthropy
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