Overview
What is Our Lady Of The Sacred Heart?
Our Lady of the Sacred Heart is a nonprofit organization located at 3445 Elmwood Road, Rockford, Illinois 61101. With a dedicated workforce of 17 individuals, this institution is committed to delivering top-notch elementary and high school education to its students. The organization's primary mission is to provide an independent, college-preparatory education, catering to students from pre-K to 12th grade. This mission is reflected in their day-to-day activities and overall description, which emphasizes the provision of quality education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41% (Zero-Star out of Four Star Rating)
Our Lady Of The Sacred Heart has received a low rating of 41% from Charity Navigator, indicating significant issues with accountability and financial management. The organization has no independent board members, which raises questions about governance and oversight. Additionally, it lacks key financial reporting practices, such as providing a review or compilation of its financial statements and posting necessary documents on its website.
Despite these challenges, the organization shows a relatively strong commitment to its program expenditures, with a program expense ratio of 76.44%, meaning a substantial portion of its expenses goes directly towards its programs. However, its liabilities far exceed its assets at a ratio of 157.25%, suggesting potential financial instability.
Overall, while Our Lady Of The Sacred Heart is actively engaged in its mission, significant improvements are needed in governance, financial transparency, and operational policies to build trust and ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Our Lady Of The Sacred Heart legitimate?
Our Lady Of The Sacred Heart is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Lady Of The Sacred Heart 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: $564,574
For more financial information, click here
What is the mission statement of Our Lady Of The Sacred Heart?
Our Lady of the Sacred Heart is committed to delivering high-quality, independent college-preparatory education to students from pre-K to 12th grade. Their mission is to provide an enriching educational experience that equips students with the necessary skills for higher learning. The institution strives to foster a nurturing environment where students can develop academically, socially, and emotionally, preparing them for their future endeavors. Their goal is to provide a well-rounded education that encompasses both elementary and high school curriculums.
Who is the CEO of Our Lady Of The Sacred Heart?
Louis G Bageanis is the President of Our Lady Of The Sacred Heart.
What is the revenue of Our Lady Of The Sacred Heart?
Our Lady Of The Sacred Heart's revenue in 2022 was $1,123,425.
Who are the executives of Our Lady Of The Sacred Heart and what are their salaries?
The average compensation at Our Lady Of The Sacred Heart during 2022 was $33,210. There are 17 employees at Our Lady Of The Sacred Heart.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Our Lady Of The Sacred Heart?
Our Lady Of The Sacred Heart's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Our Lady Of The Sacred Heart
Our Lady of the Sacred Heart is committed to providing high-quality independent college-preparatory education for students ranging from pre-K to 12th grade. This esteemed institution's mission is to offer a comprehensive and rigorous academic curriculum that prepares its students for higher education and future success. By providing a nurturing and supportive learning environment, Our Lady of the Sacred Heart aims to foster intellectual growth, moral development, and a strong sense of community among its students. The institution's dedication to quality education is evident in its focus on delivering a well-rounded curriculum that encompasses not only academic subjects but also extracurricular activities and character development.
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Impact
October, 2024
Our Lady of the Sacred Heart significantly impacts the Rockford community by providing quality independent college-preparatory education for students from pre-kindergarten through 12th grade. This institution emphasizes a comprehensive educational experience, ensuring that students not only excel academically but also develop critical thinking, leadership skills, and moral values.
By focusing on delivering a robust curriculum, students are prepared to meet the challenges of higher education and future careers. The school cultivates an enriching environment that promotes personal growth, individual potential, and lifelong learning, contributing to the development of well-rounded citizens.
Through its commitment to excellence in education, Our Lady of the Sacred Heart fosters a supportive community where families can engage in their children's education, thus strengthening community ties and enhancing the overall educational landscape in Rockford, Illinois. The institution's emphasis on quality education ensures that students are equipped with the knowledge and skills necessary to succeed in a dynamic world, making a lasting impact on both individuals and the community as a whole.
This information is meant to be a general summary of Our Lady Of The Sacred Heart. 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.
- Program Service Revenue: $411,845
- Gross Receipts: $1,123,425
Assets and Liabilities:
- Total Assets: $1,679,374
- Total Liabilities: $2,640,840
- Net Assets: -$961,466
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$411,845
Organization Details
Founding Year
1994
Principal Officer
Louis G Bageanis
Main Address
3445 ELMWOOD ROAD, ROCKFORD, IL, 61101
NTEE Category
Code: B99 - Education
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