Overview
What is Concordia Educational Foundation Inc?
Concordia Educational Foundation Inc, based in Fort Wayne, Indiana, is a nonprofit organization primarily focused on supporting Concordia Lutheran High School. It offers financial assistance to qualified students attending the school and contributes to the overall growth and expansion of the Concordia Educational Association in Fort Wayne, Indiana, and Concordia Lutheran High School. The foundation manages special funds for purposes related to the school and its students and graduates, subject to donor agreements. Its mission, driven by faith, is to preserve and grow financial gifts for Concordia Lutheran High School, ensuring continuous support for the school's operations, programs, and students' financial needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating.
The Concordia Educational Foundation Inc has received a high score of 94%, which signifies strong performance in accountability and finance. This rating is based entirely on their Accountability & Finance beacon, demonstrating a commitment to transparency and effective financial management. The foundation is recognized for having a majority of independent board members and a well-structured governance framework.
Strengths of the organization include a high program expense ratio of 72.77%, showing a significant portion of funds directed toward its programs. Additionally, the foundation adheres to comprehensive policies regarding conflicts of interest, whistleblower protection, and document retention, all of which contribute to its accountability. The lack of any material diversion of assets underscores its integrity in managing resources.
While the high rating reflects positively on the organization, potential donors and stakeholders might want to consider the overall impact and reach of its programs in the community. Overall, Concordia Educational Foundation Inc demonstrates a solid financial and governance structure, making it a trustworthy option for support.
This AI summary has been generated from information found on Charity Navigator.
Is Concordia Educational Foundation Inc legitimate?
Concordia Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concordia Educational 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 Concordia Educational Foundation Inc?
The Concordia Educational Foundation's mission, guided by divine grace, is centered around preserving and expanding financial contributions for Concordia Lutheran High School. The primary objective is to ensure the school's continued operation, support for various programs, and assistance with students' financial needs. The foundation may also establish and manage special funds related to the school and its students, subject to agreements with donors. All financially related activities of the foundation adhere to the corporation's current spending policies.
Who is the CEO of Concordia Educational Foundation Inc?
Mark Adair is the President of Concordia Educational Foundation Inc.
What is the revenue of Concordia Educational Foundation Inc?
Concordia Educational Foundation Inc's revenue in 2023 was $676,470.
Who are the executives of Concordia Educational Foundation Inc and what are their salaries?
There 17 volunteers at Concordia Educational Foundation Inc.
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Where can I find the form 990 for Concordia Educational Foundation Inc?
Concordia Educational Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Concordia Educational Foundation Inc
Concordia Educational Foundation Inc, driven by divine grace, is committed to preserving and augmenting financial contributions for Concordia Lutheran High School. Its primary objective is to ensure the school's continued operation and support of its various programs and the financial needs of its students. By managing these funds effectively, the foundation aims to strengthen the educational association associated with Fort Wayne, Indiana, and Concordia Lutheran High School. The Concordia Educational Foundation may establish and administer special funds, in accordance with agreements with donors and originators, for purposes related to the high school and its students and graduates. All financially related activities of the foundation are subject to the current spending policies of the corporation.
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Impact
July, 2024
Concordia Educational Foundation Inc's impact is significant in ensuring financial assistance for qualified students attending Concordia Lutheran High School. By preserving and growing financial gifts, the foundation plays a crucial role in supporting the school's overall operations, individual programs, and meeting students' financial needs. Additionally, the foundation contributes to the general support and expansion of the Concordia Educational Association of Fort Wayne, Indiana, and Concordia Lutheran High School. Through its work, Concordia Educational Foundation Inc positively impacts the education and future prospects of students and graduates associated with the school.
This information is meant to be a general summary of Concordia Educational 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: $246,119
- Gross Receipts: $8,685,433
Assets and Liabilities:
- Total Assets: $20,849,120
- Total Liabilities: $2,697,197
- Net Assets: $18,151,923
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Organization Details
Founding Year
1959
Phone
(260) 483-1102Principal Officer
Mark Adair
Main Address
1601 ST JOE RIVER DRIVE, FORT WAYNE, IN, 46805
NTEE Category
Code: B99Z - Education
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