Overview
What is Ludington Area Catholic Education Foundation?
The Ludington Area Catholic Education Foundation is a nonprofit organization situated in Ludington, Michigan. Their primary mission is to offer financial assistance to St. Simon Catholic Church's school, known as Ludington Area Catholic School. This school caters to students from kindergarten through eighth grade. The foundation's purpose is to contribute financially towards the general operations of this educational institution, ensuring its continued growth and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Ludington Area Catholic Education Foundation has received a 76% rating from Charity Navigator, reflecting a Three-Star designation. This score is primarily derived from a strong performance in Accountability & Finance, indicating a solid commitment to financial transparency and responsible management of resources. The organization maintains a fully independent board, which is a positive sign for governance and oversight.
Strengths of the organization include a high program expense ratio of 98.94%, suggesting that nearly all funds are directed toward its educational mission rather than administrative costs. Additionally, the foundation has a favorable liabilities to assets ratio of 0.06%, indicating financial stability. However, several key policies, including Conflict of Interest and Whistleblower policies, are currently missing, which could be seen as a limitation in governance practices.
While the foundation demonstrates strong financial health and transparency, addressing the absence of certain governance policies may enhance its rating in the future. Overall, the Ludington Area Catholic Education Foundation shows promise in fulfilling its mission but should focus on improving its policy framework to further strengthen stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Ludington Area Catholic Education Foundation legitimate?
Ludington Area Catholic Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ludington Area Catholic Education 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 Ludington Area Catholic Education Foundation?
The Ludington Area Catholic Education Foundation's mission is centered around offering financial aid. Specifically, it aims to support the educational endeavors of St. Simon Catholic Church's school, known as the Ludington Area Catholic School. This school caters to students in grades ranging from kindergarten to eighth grade. The foundation accomplishes its mission by providing financial assistance for the school's general operations, contributing to the overall success and continuity of the educational institution.
Who is the CEO of Ludington Area Catholic Education Foundation?
Charles Keller is the President of Ludington Area Catholic Education Foundation.
What is the revenue of Ludington Area Catholic Education Foundation?
Ludington Area Catholic Education Foundation's revenue in 2022 was $1,414,753.
Who are the executives of Ludington Area Catholic Education Foundation and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for Ludington Area Catholic Education Foundation?
Ludington Area Catholic Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ludington Area Catholic Education Foundation
The Ludington Area Catholic Education Foundation is committed to supporting the educational endeavors of St. Simon Catholic Church's school, known as Ludington Area Catholic School. This nonprofit organization's mission is to provide financial aid for the school, which caters to students in grades Kindergarten through eighth grade. By making grants available for the school's general operations, the Ludington Area Catholic Education Foundation contributes significantly to the education of young learners in the community. The foundation's mission is geared towards ensuring that quality education is accessible to students in these grade levels, thereby contributing to their overall development and future success.
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Impact
July, 2024
The Ludington Area Catholic Education Foundation's impact is seen in its financial support to St. Simon Catholic Church's school Ludington Area Catholic School, which offers education for students in grades K through 8th. The Foundation's grants contribute to the general school operations, ensuring that students have access to quality education in a nurturing environment. This support plays a crucial role in sustaining and enhancing the educational experience for the students, furthering their academic growth and development.
This information is meant to be a general summary of Ludington Area Catholic Education 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: $18,751
- Gross Receipts: $1,414,753
Assets and Liabilities:
- Total Assets: $1,567,185
- Total Liabilities: $250
- Net Assets: $1,566,935
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Organization Details
Founding Year
1988
Phone
(231) 690-8159Principal Officer
Charles Keller
Main Address
PO BOX 142, LUDINGTON, MI, 494310142
NTEE Category
Code: B110 - Education
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