Overview
What is Spalding Academy Endowment Foundation Inc?
Spalding Academy Endowment Foundation Inc is a nonprofit organization located in Spalding, Nebraska. Their primary mission is to ensure the long-term financial stability of Spalding Academy and uphold the school's vision for future generations. They accomplish this by providing financial support, as demonstrated by their grant of $140,000 for administrative and teacher salaries. Additionally, the foundation contributed $10,000 towards the acquisition of an electronic sign and provided another $10,000 to St. Michael's Church. The organization's commitment to supporting Spalding Academy extends its resources beyond the school, reflecting its dedication to the community's educational and spiritual growth.
Is Spalding Academy Endowment Foundation Inc legitimate?
Spalding Academy Endowment Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spalding Academy Endowment 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 Spalding Academy Endowment Foundation Inc?
The Spalding Academy Endowment Foundation Inc's mission is centered around ensuring the financial stability of Spalding Academy and supporting its mission for future generations. The organization's primary goal is to safeguard the school's financial wellbeing, thereby allowing it to continue its mission effectively. The foundation also plays a role in supporting the school's mission, ensuring its continuity for generations to come. In practice, the foundation has provided financial aid to Spalding Academy, contributing to administrative and teacher salaries, as well as donating funds for an electronic sign and to St. Michael's Church.
Who is the CEO of Spalding Academy Endowment Foundation Inc?
Dennis Bauer is the Director/Cha of Spalding Academy Endowment Foundation Inc.
What is the revenue of Spalding Academy Endowment Foundation Inc?
Spalding Academy Endowment Foundation Inc's revenue in 2023 was $198,896.
Who are the executives of Spalding Academy Endowment Foundation Inc and what are their salaries?
There 8 volunteers at Spalding Academy Endowment Foundation Inc.
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Where can I find the form 990 for Spalding Academy Endowment Foundation Inc?
Spalding Academy Endowment Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Spalding Academy Endowment Foundation Inc
Spalding Academy Endowment Foundation Inc, a nonprofit organization, is dedicated to ensuring the financial stability of Spalding Academy. This foundation's mission is to support the school's mission for future generations. By providing financial aid, the foundation aims to strengthen the academic institution and secure its longevity. Specifically, the foundation has granted funds for administrative and teacher salaries, demonstrating its commitment to the school's operational success. Furthermore, small contributions have been made for an electronic sign and to St. Michael's Church, suggesting a wider scope of support beyond the school itself. The Spalding Academy Endowment Foundation Inc plays a crucial role in safeguarding the future of Spalding Academy, ensuring its continued growth and impact in the educational community.
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Impact
October, 2024
Spalding Academy Endowment Foundation Inc plays a pivotal role in ensuring the financial sustainability of Spalding Academy, which enables the school to fulfill its educational mission for future generations. By providing substantial grants, including $140,000 for administrative and teacher salaries, the foundation directly supports the operational needs of the academy, allowing it to maintain high educational standards and retain qualified staff.
Additionally, the foundation enhances community resources, evidenced by grants such as $10,000 for an electronic sign and $10,000 to St. Michael's Church. These contributions not only benefit the school but also allow for greater connectivity and support within the Spalding community. Overall, the impact of the foundation is multifaceted, providing essential financial backing that promotes educational excellence while fostering a strong community bond.
This information is meant to be a general summary of Spalding Academy Endowment 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: $61,163
- Gross Receipts: $674,186
Assets and Liabilities:
- Total Assets: $3,609,460
- Total Liabilities: $177,267
- Net Assets: $3,432,193
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Organization Details
Founding Year
1986
Phone
(308) 223-9843Principal Officer
Dennis Bauer
Main Address
PO BOX 310, SPALDING, NE, 68665
NTEE Category
Code: B19 - Education
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