Overview
What is Catholic Memorial School Foundation Inc?
Catholic Memorial School Foundation Inc is a philanthropic organization based in West Roxbury, Massachusetts, specifically at 235 BAKER ST. Their primary role is to provide financial aid and support to Catholic Memorial School, ensuring the school's physical infrastructure, programs, and operations run smoothly. This includes offering scholarships and financial assistance for students to attend the school, funding capital expenditures for building maintenance and equipment, and sponsoring educational and sports programs and activities. By doing so, the foundation aims to contribute to the overall well-being and success of the Catholic Memorial School community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star Rating
The Catholic Memorial School Foundation Inc has received a commendable Three-Star rating from Charity Navigator, reflecting a robust accountability and finance score of 86%. This rating indicates that the organization effectively manages its resources and adheres to best practices in transparency and financial health, which is crucial for donor confidence and long-term sustainability.
One of the organization's strengths lies in its governance structure, with a fully independent board comprising eight members, ensuring accountability in decision-making processes. Additionally, the foundation has demonstrated financial prudence, with a low liabilities to assets ratio of 3.21%, and an impressive program expense ratio of 86.49%, highlighting a commitment to directing funds towards its mission rather than administrative costs.
While the foundation shows strengths in several areas, the rating is solely based on accountability and finance, leaving out other potential performance indicators such as impact and effectiveness of programs. Future assessments could benefit from a more comprehensive evaluation that includes these aspects to provide a fuller picture of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Memorial School Foundation Inc legitimate?
Catholic Memorial School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Memorial School 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:
Executive Compensation: $20,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Catholic Memorial School Foundation Inc?
The Catholic Memorial School Foundation supports a school by providing financial aid for its physical plant, programs, operations, and tuition assistance. Their mission is to enhance the school's infrastructure, educational initiatives, and accessibility to students through various means. This encompasses offering scholarships and financial aid for students, funding capital expenditures for buildings, fixtures, and equipment, and supporting educational and sports programs and activities. The foundation's primary goal is to ensure the school's continuity and success.
Who is the CEO of Catholic Memorial School Foundation Inc?
Michael J Costello is the President/Chair of Catholic Memorial School Foundation Inc.
What is the revenue of Catholic Memorial School Foundation Inc?
Catholic Memorial School Foundation Inc's revenue in 2022 was $1,583,740.
Who are the executives of Catholic Memorial School Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Catholic Memorial School Foundation Inc?
Catholic Memorial School Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Catholic Memorial School Foundation Inc
Catholic Memorial School Foundation Inc plays a crucial role in supporting Catholic Memorial School, providing financial assistance for various aspects of the institution. The foundation's mission is multifaceted, encompassing the school's physical plant, programs, operations, and tuition assistance. It offers grants to bolster the Catholic Memorial School's infrastructure, student body, faculty, and staff. This support extends to providing scholarships and financial aid for students, funding capital expenditures for buildings, fixtures, and equipment, and sponsoring educational and sports programs and activities. In essence, Catholic Memorial School Foundation Inc is committed to enhancing the overall well-being and success of Catholic Memorial School, ensuring that it continues to thrive and offer quality education to its students.
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Impact
July, 2024
Catholic Memorial School Foundation Inc's impact is substantial in supporting Catholic Memorial School in West Roxbury, MA. The foundation provides crucial financial support for the school's physical infrastructure, diverse programs, daily operations, and tuition assistance for students. Through grants, scholarships, and aid, the foundation enables students to attend the school, funds capital expenses for buildings and educational equipment, and supports various educational and sports initiatives at Catholic Memorial School. The foundation's dedication to empowering the school's students, faculty, and staff contributes significantly to the educational excellence and community enrichment at Catholic Memorial School.
This information is meant to be a general summary of Catholic Memorial School 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 2022.
- Investment Income: $12,025
- Gross Receipts: $1,583,740
Assets and Liabilities:
- Total Assets: $3,385,618
- Total Liabilities: $77,000
- Net Assets: $3,308,618
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Organization Details
Founding Year
2015
Phone
(617) 469-8012Principal Officer
Michael J Costello
Main Address
235 BAKER ST, WEST ROXBURY, MA, 021324331
NTEE Category
Code: B11 - Education
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