Overview
What is Foundation For Maryknoll School?
The Foundation for Maryknoll School is a nonprofit organization, specifically established to support Maryknoll School, a Roman Catholic institution situated in Honolulu, Hawaii. Operated by Sacred Heart Parish, this school is the primary beneficiary of the foundation's activities. The foundation's sole purpose is to promote and enhance the well-being of Maryknoll School, ensuring its continued success and growth. This includes providing necessary resources and support to the school, thereby contributing positively to the educational landscape of Honolulu, Hawaii.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Foundation For Maryknoll School has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its overall operations, with a score of 70%. The organization demonstrates strong accountability and finance practices, with 100% independent board members and no material diversion of assets, which reflects a commitment to ethical governance. Additionally, it has well-established policies for conflict of interest, whistleblower protections, and document retention.
However, the low Program Expense Ratio of 51.02% is a significant limitation, suggesting that less than half of the organization's expenses are directed towards its programs. This raises concerns about the effectiveness of its resource allocation, as higher program spending typically indicates a stronger focus on fulfilling the organization's mission. While the Foundation has robust oversight measures in place, addressing program efficiency should be a priority for improving its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Maryknoll School legitimate?
Foundation For Maryknoll School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Maryknoll School 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: $454,197
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What is the mission statement of Foundation For Maryknoll School?
The Foundation for Maryknoll School serves a specific purpose, focusing solely on benefiting Maryknoll School, a Roman Catholic institution situated in Honolulu, Hawaii, which is managed by Sacred Heart Parish. The foundation's mission is aligned with this, aiming to support and enhance the operations of Maryknoll School. The foundation's activities are exclusively dedicated to the betterment of this educational institution.
What is the revenue of Foundation For Maryknoll School?
Foundation For Maryknoll School's revenue in 2024 was $1,567,493.
Who are the executives of Foundation For Maryknoll School and what are their salaries?
There 100 volunteers at Foundation For Maryknoll School.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Foundation For Maryknoll School?
Foundation For Maryknoll School's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Foundation For Maryknoll School
The Foundation for Maryknoll School is a dedicated organization, whose sole purpose is to support Maryknoll School, a Roman Catholic institution situated in Honolulu, Hawaii. Operated by Sacred Heart Parish, Maryknoll School is the primary beneficiary of this foundation's efforts. The Foundation for Maryknoll School exists to ensure the school's continued success and growth, contributing to its mission in a significant way.
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Impact
July, 2024
Foundation For Maryknoll School's impact is evident in its unwavering support for the students and community of Maryknoll School in Honolulu, Hawaii. By operating exclusively for the benefit of this Roman Catholic school, the Foundation plays a crucial role in enhancing the educational experience and opportunities available to students. Through its dedicated efforts, the Foundation contributes to the overall growth and success of Maryknoll School, reflecting its commitment to fostering a well-rounded and enriching academic environment.
This information is meant to be a general summary of Foundation For Maryknoll School. 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 2024.
- Investment Income: $525,269
- Gross Receipts: $3,286,615
Assets and Liabilities:
- Total Assets: $31,192,590
- Total Liabilities: $1,069,648
- Net Assets: $30,122,942
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Organization Details
Founding Year
2013
Principal Officer
Budd Lauer
NTEE Category
Code: X20 - Religion related
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