Overview
What is Mount Carmel Educational Foundation?
The Mount Carmel Educational Foundation is a nonprofit organization situated in Chicago, Illinois, with the primary goal of supporting the charitable, religious, and educational purposes of Mount Carmel High School. To achieve this mission, the foundation actively secures and invests financial contributions, thereby ensuring the school's long-term financial stability. This dedicated work supports the school's ongoing operations and ensures its continued success in providing quality education to its students.
Official website here: www.mchs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Mount Carmel Educational Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas of its operations. While the foundation has a high program expense ratio of 93.46%, reflecting a strong commitment to its mission, it lacks crucial transparency measures. The absence of financial statements and critical governance policies raises concerns about accountability.
On a positive note, the organization has a majority of independent board members and demonstrates effective management of its liabilities, maintaining a low liabilities to assets ratio. However, the missing conflict of interest and whistleblower policies could expose the foundation to risks that might affect its integrity and operational effectiveness.
Overall, while the foundation shows promise in its programmatic focus, significant gaps in financial transparency and governance policies must be addressed to improve its rating and build greater trust within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Mount Carmel Educational Foundation?
94% of 386 reviewers on Facebook recommend the Mount Carmel Educational Foundation. Here is a summary of their reviews:
Many users highlight the foundation as a fantastic environment for engaging and educating young people. Reviewers appreciate the activities and programs offered, noting the positive impact it has on youth development.
Overall, it seems that the nonprofit is successful in creating a welcoming and supportive atmosphere for children, making it a valued resource in the community.
This AI summary has been generated from reviews found on Facebook.
Is Mount Carmel Educational Foundation legitimate?
Mount Carmel Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Carmel Educational 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mchs.org
What is the mission statement of Mount Carmel Educational Foundation?
The Mount Carmel Educational Foundation's mission is centered around supporting the charitable, religious, and educational purposes of Mount Carmel High School. They achieve this by proactively securing and investing financial contributions, thereby ensuring the school's future financial stability. This non-profit organization's primary objective is to contribute to the school's long-term sustainability. By raising funds, they aim to support the institution's ongoing operations and initiatives, ultimately contributing to its overall success.
Official website here: www.mchs.org
Who is the CEO of Mount Carmel Educational Foundation?
John Mulherin is the Director of Mount Carmel Educational Foundation.
Official website here: www.mchs.org
What is the revenue of Mount Carmel Educational Foundation?
Mount Carmel Educational Foundation's revenue in 2022 was $2,361,120.
Official website here: www.mchs.org
Who are the executives of Mount Carmel Educational Foundation and what are their salaries?
There 7 volunteers at Mount Carmel Educational Foundation.
Here are 7 key members and their salaries:
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Official website here: www.mchs.org
Where can I find the form 990 for Mount Carmel Educational Foundation?
Mount Carmel Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mchs.org
Learn more at the official website: www.mchs.org
Mission Statement of Mount Carmel Educational Foundation
Mount Carmel Educational Foundation, a nonprofit organization, is dedicated to supporting the charitable, religious, and educational purposes of Mount Carmel High School. Their mission is twofold: firstly, they secure financial contributions, and secondly, they invest these funds to ensure the school's long-term financial stability. By doing so, they aim to contribute to the continuity and growth of Mount Carmel High School, ultimately benefiting the community it serves.
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Impact
October, 2024
Mount Carmel Educational Foundation plays a vital role in enhancing the educational landscape of Mount Carmel High School. By securing and investing financial contributions, the foundation ensures the school's future financial stability, enabling it to maintain and expand its charitable, religious, and educational missions. This support not only strengthens the overall educational experience for students but also fosters a sense of community and stewardship among alumni and supporters. The foundation's efforts directly contribute to enriching academic programs, supporting extracurricular activities, and enhancing facilities, all of which are essential for nurturing well-rounded, successful graduates.
This information is meant to be a general summary of Mount Carmel Educational 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: $957,703
- Gross Receipts: $2,987,925
Assets and Liabilities:
- Total Assets: $11,460,568
- Total Liabilities: $210,200
- Net Assets: $11,250,368
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Organization Details
Founding Year
1982
Phone
(773) 359-0469Principal Officer
John Mulherin
Main Address
6428 S DANTE, CHICAGO, IL, 60637
Website
www.mchs.orgNTEE Category
Code: B80 - Education
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