Overview
What is Hastings Catholic Schools Foundation?
The Hastings Catholic Schools Foundation is a nonprofit organization with a primary objective of providing financial support for educational and religious purposes. Specifically, they aim to generate income through invested capital for St. Cecilia High School, which can be utilized for operational expenses and special needs as determined by the board of directors. This foundation plays a vital role in enhancing educational opportunities and upholding religious values within the Hastings Catholic Schools community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80%, Three-Star out of Four Star rating.
The Hastings Catholic Schools Foundation has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. With an Accountability & Finance score of 80%, the organization demonstrates strong governance practices, including a fully independent board and no reported material diversions of assets, which enhances its credibility and trustworthiness.
Strengths highlighted in the evaluation include a high program expense ratio of 96.91%, suggesting that the majority of funds are directed towards fulfilling its mission rather than administrative costs. Additionally, the foundation has a robust working capital ratio of 3.71 years, indicating its ability to sustain operations and support its programs over time. The presence of well-established conflict of interest policies and thorough documentation practices also reflects a commitment to transparency.
However, while the overall rating is favorable, the organization is entirely dependent on the Accountability & Finance beacon, and there may be limited insights into its programmatic impact or efficiency. Stakeholders may want to consider additional metrics or qualitative factors when assessing the foundation's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hastings Catholic Schools Foundation legitimate?
Hastings Catholic Schools Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hastings Catholic Schools 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.
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What is the mission statement of Hastings Catholic Schools Foundation?
The Hastings Catholic Schools Foundation's mission is centered around providing financial aid for educational and religious purposes. This organization strives to generate income from its investments, which is then allocated towards operational expenses and other specific needs at St. Cecilia High School, as decided by their board of directors. In essence, the foundation's primary goal is to support educational and religious initiatives, with a particular focus on St. Cecilia High School.
Who is the CEO of Hastings Catholic Schools Foundation?
Jeremy Evans is the President of Hastings Catholic Schools Foundation.
What is the revenue of Hastings Catholic Schools Foundation?
Hastings Catholic Schools Foundation's revenue in 2022 was $3,708,813.
Who are the executives of Hastings Catholic Schools Foundation and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Hastings Catholic Schools Foundation?
Hastings Catholic Schools Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hastings Catholic Schools Foundation
The Hastings Catholic Schools Foundation is committed to its mission of providing financial support for educational and religious purposes. This nonprofit organization seeks to empower St. Cecilia High School by supplying it with income derived from its invested capital. This income is intended to cover operational expenses and any additional needs, as determined by the board of directors. In essence, the Hastings Catholic Schools Foundation serves as a critical financial backbone for St. Cecilia High School, ensuring its continued operation and addressing any special requirements as they arise.
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Impact
October, 2024
The Hastings Catholic Schools Foundation significantly enhances the educational landscape in Hastings, Nebraska, by providing crucial funding for both educational and religious purposes. Its mission centers around supporting St. Cecilia High School, ensuring it has the necessary resources to thrive. This includes generating income from invested capital that directly contributes to operational expenses and addresses specific needs identified by the board of directors. By doing so, the foundation plays a vital role in maintaining and improving the quality of education and religious instruction available to students, fostering a supportive community focused on learning and spiritual growth.
This information is meant to be a general summary of Hastings Catholic Schools 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: $315,219
- Gross Receipts: $5,760,626
Assets and Liabilities:
- Total Assets: $8,995,992
- Total Liabilities: $1,248
- Net Assets: $8,994,744
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Organization Details
Founding Year
1984
Phone
(402) 462-2105Principal Officer
Jeremy Evans
Main Address
604 N ST JOSEPH AVE, HASTINGS, NE, 68901
NTEE Category
Code: B25 - Education
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