Overview
What is Sacred Heart Catholic School Trust?
Sacred Heart Catholic School Trust is a nonprofit organization based in Fowler, Indiana. The primary objective of this trust is to support Sacred Heart Catholic School by distributing its net income annually in August for operational expenses. This financial aid helps maintain the school's continuity and sustainability. The income derived from the trust is specifically earmarked for meeting the school's operational costs, thereby contributing to its overall functioning and existence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Stars
The Sacred Heart Catholic School Trust has received a two-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The score is based solely on a comprehensive evaluation of its Accountability & Finance metrics, where it scored particularly low in areas such as board independence and the presence of essential policies, which are crucial for transparency and governance.
One of the notable strengths of the organization is its effective management of program expenses, scoring 100% in this category, suggesting that all expenses are directed towards its programs. Additionally, there are no reported material diversions of assets, which is a positive sign for stakeholders regarding the integrity of the nonprofit's financial practices. However, the lack of independent board members and missing policies on conflict of interest and whistleblower protections highlight significant governance shortcomings.
Overall, while Sacred Heart Catholic School Trust demonstrates commitment in its financial management, it faces critical challenges in governance practices that could undermine its accountability to donors and beneficiaries. Stakeholders are encouraged to consider these factors when evaluating the organization's overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Sacred Heart Catholic School Trust legitimate?
Sacred Heart Catholic School Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacred Heart Catholic School Trust 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: $0
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What is the mission statement of Sacred Heart Catholic School Trust?
The Sacred Heart Catholic School Trust's mission is centered around providing financial assistance to aid in the operational expenses of the Sacred Heart Catholic School. Specifically, the income generated from the trust is distributed annually in August to support the school's daily operations. This contribution is instrumental in ensuring the school remains functional and accessible for its student body. The trust's primary goal is to contribute to the school's continued success and the education of its students.
Who is the CEO of Sacred Heart Catholic School Trust?
Unavailable
What is the revenue of Sacred Heart Catholic School Trust?
Sacred Heart Catholic School Trust's revenue in 2022 was $8,003.
Who are the executives of Sacred Heart Catholic School Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sacred Heart Catholic School Trust?
Sacred Heart Catholic School Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sacred Heart Catholic School Trust
The Sacred Heart Catholic School Trust is an entity that plays a significant role in supporting the Sacred Heart Catholic School. Its mission is to generate income, which is then allocated towards covering the operational expenses of the school, thereby ensuring its continued operation. This financial aid is typically disbursed in August of each year.
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Impact
October, 2024
Sacred Heart Catholic School Trust significantly impacts the Sacred Heart Catholic School by providing essential financial support to cover operating expenses. Each year, the net income from the trust is allocated to the school's needs in August, ensuring that it has the necessary funding to remain open and continue delivering quality education. This support directly contributes to the stability and sustainability of the school, allowing it to serve the community effectively. By alleviating financial burdens, the trust plays a crucial role in maintaining the educational environment and resources essential for students and staff.
This information is meant to be a general summary of Sacred Heart Catholic School Trust. 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: $8,003
- Gross Receipts: $399,825
Assets and Liabilities:
- Total Assets: $966,746
- Total Liabilities: $0
- Net Assets: $966,746
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Organization Details
Founding Year
1986
Phone
(765) 884-1200Main Address
PO BOX 511, FOWLER, IN, 47944
NTEE Category
Code: G43 - Disease
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