Overview
What is Mater Dei Foundation Inc?
Mater Dei Foundation Inc, situated in Carlyle, Illinois, is a nonprofit organization committed to supporting secondary Catholic education in Clinton County. As outlined in its bylaws, the foundation's income is allocated to Mater Dei Catholic High School. The primary mission of Mater Dei Foundation Inc is to establish an endowment, the earnings of which are specifically intended for this purpose. This philanthropic endeavor aims to bolster the educational opportunities within the Clinton County community, contributing to the broader social and educational landscape.
Is Mater Dei Foundation Inc legitimate?
Mater Dei Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mater Dei 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $15,502
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What is the mission statement of Mater Dei Foundation Inc?
The Mater Dei Foundation Inc's mission is centered around establishing an endowment. The earnings derived from this endowment are intended for supporting secondary Catholic education. This support is directed towards a specific region, Clinton County, Illinois. According to the foundation's bylaws, the net income is disbursed to Mater Dei Catholic High School, a 501 (C) (3) organization. In essence, the foundation's purpose is to contribute financially to the secondary Catholic education sector in Clinton County, Illinois, through its endowment.
Who is the CEO of Mater Dei Foundation Inc?
David Schmitz is the President of Mater Dei Foundation Inc.
What is the revenue of Mater Dei Foundation Inc?
Mater Dei Foundation Inc's revenue in 2023 was $146,037.
Who are the executives of Mater Dei Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Mater Dei Foundation Inc?
Mater Dei Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mater Dei Foundation Inc
Mater Dei Foundation Inc, as a nonprofit organization, is committed to establishing an endowment. The primary objective of this endowment is to generate earnings that will subsequently be utilized for secondary Catholic education in Clinton County, Illinois. This mission is clearly outlined in the foundation's bylaws, which dictate that the net income derived from the endowment is to be transferred to Mater Dei Catholic High School, a 501 (c) (3) organization. By establishing and managing this endowment, Mater Dei Foundation Inc is making a significant contribution to the realm of education, specifically in the Catholic sector, aiming to support the learning journey of students in Clinton County.
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Impact
October, 2024
Mater Dei Foundation Inc plays a crucial role in supporting secondary Catholic education in Clinton County, Illinois. By establishing an endowment, the foundation ensures a steady stream of funding dedicated to enhancing educational opportunities at Mater Dei Catholic High School. The earnings generated from the endowment contribute to the school's operational costs, scholarships, and various educational programs, ultimately enriching the academic experience for students and fostering a strong community rooted in faith and values. This support helps to sustain a longstanding tradition of Catholic education in the region, making quality schooling accessible and maintaining high standards within the community.
This information is meant to be a general summary of Mater Dei 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: -$26,406
- Gross Receipts: $991,475
Assets and Liabilities:
- Total Assets: $3,667,231
- Total Liabilities: $4,375
- Net Assets: $3,662,856
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Organization Details
Founding Year
1987
Principal Officer
David Schmitz
Main Address
891 FAIRFAX STREET, CARLYLE, IL, 62231
NTEE Category
Code: X22 - Religion related
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