Overview
What is Assoc For Educational Development?
Assoc for Educational Development, situated in Chicago, Illinois, is a nonprofit organization with a focus on providing educational and formative experiences. Their primary activities include offering courses in Roman Catholic doctrine, philosophy, theology, and ascetical and ethical formation. Additionally, they ensure the proper care of chapels for Roman Catholic worship. Furthermore, they organize youth camps, clubs, and sports activities. To facilitate these activities, they establish and maintain necessary facilities and accommodate their staff. The organization, with a workforce of nine individuals, is dedicated to nurturing individuals within the Roman Catholic faith and community.
What are the reviews and ratings of this charity?
70% rating from Charity Navigator, resulting in a Two-Star out of Four Star rating. This indicates that while the organization meets some basic standards of accountability and finance, there are significant areas for improvement.
The organization has demonstrated strong program expense efficiency, allocating approximately 84.63% of its funds directly to programs. Additionally, it maintains a low liabilities to assets ratio, showcasing financial stability. However, the accountability measures are lacking, particularly with the board's independence and the absence of critical financial statements.
Limitations include a low percentage of independent board members and missing policies like whistleblower and document retention, which are essential for transparency. With only one independent board member, there's concern regarding governance. Overall, while the organization shows promise in financial management, enhancing accountability practices would elevate its trustworthiness and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Assoc For Educational Development legitimate?
Assoc For Educational Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assoc For Educational Development 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: $178,260
For more financial information, click here
What is the mission statement of Assoc For Educational Development?
The Assoc for Educational Development is committed to providing various educational experiences. This includes offering courses in Roman Catholic doctrine, philosophy, theology, and ethical and ascetical formation. Additionally, they take care of chapels for Roman Catholic worship and organize youth camps, clubs, and sports activities. Furthermore, they establish and maintain facilities to carry out these activities and house their staff.
Who is the CEO of Assoc For Educational Development?
David M Gallagher is the President of Assoc For Educational Development.
What is the revenue of Assoc For Educational Development?
Assoc For Educational Development's revenue in 2022 was $2,056,224.
Who are the executives of Assoc For Educational Development and what are their salaries?
The average compensation at Assoc For Educational Development during 2022 was $19,807. There are 9 employees and 10 volunteers at Assoc For Educational Development.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $6,120
- Other: $36,874
- Compensation: $0
- Related: $6,120
- Other: $34,714
- Compensation: $0
- Related: $4,590
- Other: $27,681
- Compensation: $0
- Related: $1,530
- Other: $9,243
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Assoc For Educational Development?
Assoc For Educational Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Assoc For Educational Development
The Association for Educational Development is dedicated to providing various educational and formative experiences. Its mission encompasses teaching Roman Catholic doctrine, philosophy, theology, and ethical and ascetical formation. Additionally, the organization is responsible for maintaining Roman Catholic worship spaces and organizing youth camps, clubs, and sports activities. Furthermore, it is involved in establishing and managing facilities that support these initiatives and house its staff. Through these activities, the Association for Educational Development aims to provide a comprehensive learning environment that fosters the spiritual and personal growth of its participants.
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Impact
October, 2024
The Assoc for Educational Development plays a significant role in enriching the community through comprehensive education and spiritual growth rooted in Roman Catholic teachings. By offering courses in doctrine, philosophy, theology, and ethical formation, it fosters a deeper understanding of faith and personal values for individuals of all ages.
In addition to educational programs, the organization provides essential care for chapels dedicated to Roman Catholic worship, ensuring that these sacred spaces remain accessible and welcoming for congregants. Youth engagement is another critical facet of its impact, with youth camps, clubs, and sports activities designed to nurture young people's spiritual, social, and physical development. This holistic approach supports the development of well-rounded individuals, encouraging them to grow in faith, community involvement, and important life skills.
Furthermore, the establishment and maintenance of facilities dedicated to these activities ensure that there are safe, supportive environments for learning and worship. Collectively, these efforts create a vibrant community that values education, spiritual growth, and active participation in religious and social life.
This information is meant to be a general summary of Assoc For Educational Development. 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: $397
- Program Service Revenue: $148,599
- Gross Receipts: $2,056,224
Assets and Liabilities:
- Total Assets: $5,240,642
- Total Liabilities: $0
- Net Assets: $5,240,642
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM & BOARD FEES
Revenue
$148,599
Organization Details
Founding Year
1965
Phone
(773) 283-5800Principal Officer
David M Gallagher
Main Address
5800 N KEATING AVE, CHICAGO, IL, 60646
NTEE Category
Code: X22Z - Religion related
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