Overview
What is St Alphonsus Parish Education Endowment?
St. Alphonsus Parish Education Endowment is a nonprofit organization situated in Grand Rapids, Michigan, with an address at 228 Carrier NE. The primary mission of this endowment is to support the Catholic education and faith formation of the members of St. Alphonsus Parish. To accomplish this, they provide scholarships to students attending All Saints Academy, which help cover their tuition costs. By offering financial aid, the endowment aims to make Catholic education more accessible to the parishioners, thereby fostering their religious growth and education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The St Alphonsus Parish Education Endowment has received a score of 73%, which translates to a Two-Star rating. This indicates a fair level of performance in terms of accountability and financial health. The organization benefits from a fully independent board, with 91% of its members not associated with the charity, enhancing its governance structure.
Strengths highlighted in the assessment include a perfect score for the material diversion of assets, indicating that there have been no significant issues regarding the use of the charity's resources. Additionally, the endowment shows a strong commitment to its mission, with a program expense ratio of 97.83%, suggesting that nearly all of its expenditures are directed towards its educational programs.
However, while the organization demonstrates solid accountability in various areas, the overall score reflects room for improvement in its financial practices and transparency. The rating serves as a reminder for potential donors to consider both strengths and weaknesses when deciding to support the St Alphonsus Parish Education Endowment.
This AI summary has been generated from information found on Charity Navigator.
Is St Alphonsus Parish Education Endowment legitimate?
St Alphonsus Parish Education Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Alphonsus Parish Education Endowment 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 St Alphonsus Parish Education Endowment?
The St. Alphonsus Parish Education Endowment's mission is centered around supporting the Catholic education and faith formation of its parish members. This is achieved through providing scholarships to students at All Saints Academy, which can be utilized towards their tuition fees. The endowment's primary goal is to foster a strong religious and educational foundation among its parishioners. It aims to empower individuals to grow spiritually and academically, thereby enriching their lives within the Catholic community. The endowment also seeks to promote the values of faith and knowledge, fostering a sense of unity and commitment among its beneficiaries.
Who is the CEO of St Alphonsus Parish Education Endowment?
David L Witt is the President of St Alphonsus Parish Education Endowment.
What is the revenue of St Alphonsus Parish Education Endowment?
St Alphonsus Parish Education Endowment's revenue in 2022 was $90,394.
Who are the executives of St Alphonsus Parish Education Endowment and what are their salaries?
There 11 volunteers at St Alphonsus Parish Education Endowment.
Here are 11 key members and their salaries:
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Where can I find the form 990 for St Alphonsus Parish Education Endowment?
St Alphonsus Parish Education Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Alphonsus Parish Education Endowment
The St. Alphonsus Parish Education Endowment is dedicated to supporting the Catholic education and faith formation of its parish members. This nonprofit organization aims to achieve this mission by providing scholarships to students attending All Saints Academy, which can be utilized to cover their tuition fees. By offering financial assistance, the St. Alphonsus Parish Education Endowment enables individuals to pursue quality Catholic education and strengthen their faith. The endowment's goal is to contribute to the overall development and spiritual growth of its parish members, fostering a strong Catholic community.
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Impact
October, 2024
The St Alphonsus Parish Education Endowment has a significant impact on the community by providing essential financial support for Catholic education and faith formation. By offering scholarships to students at All Saints Academy, the Endowment makes it possible for families to access quality education, significantly reducing the financial burden associated with tuition. This support not only contributes to the academic growth of students but also fosters their spiritual development, aligning with the mission of St. Alphonsus Parish to cultivate a strong faith community. The Endowment thus plays a crucial role in ensuring that educational opportunities remain accessible for current and future generations within Grand Rapids, MI.
This information is meant to be a general summary of St Alphonsus Parish Education Endowment. 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: $82,127
- Gross Receipts: $318,280
Assets and Liabilities:
- Total Assets: $1,272,934
- Total Liabilities: $0
- Net Assets: $1,272,934
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Organization Details
Founding Year
1998
Phone
(616) 451-3043Principal Officer
David L Witt
Main Address
228 Carrier NE, Grand Rapids, MI, 49505
NTEE Category
Code: B11 - Education
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