Overview
What is Regis Catholic Schools Foundation Inc?
Regis Catholic Schools Foundation Inc, situated in Eau Claire, Wisconsin, serves as a crucial supporter for Regis Catholic Schools. Through both restricted and unrestricted grants, the foundation offers essential financial aid to the educational institution. The foundation's primary mission is to enhance the educational experience and overall well-being of the school community, ensuring Regis Catholic Schools thrives in its mission. The foundation's contributions are pivotal in maintaining the school's operations and fostering a nurturing environment for students, thereby playing a significant role in their educational journey.
Official website here: www.regiscatholicschoolsfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 70%)
The Regis Catholic Schools Foundation Inc has received a "Needs Improvement" rating from Charity Navigator, indicating some areas of concern that need addressing. While the organization boasts a high level of accountability with 100% independent board members and a solid audit score, it faces challenges in transparency and policy implementation, particularly regarding the absence of a whistleblower policy and document retention policies.
Financially, the organization shows a healthy liabilities to assets ratio at 1.32%, suggesting stability. However, the program expense ratio of 55.50% reflects that less than expected funds are being allocated directly to programs, raising questions about the efficiency of resource utilization. The foundation clearly maintains strong financial practices, but the lack of certain essential policies may hinder its overall governance.
Overall, while Regis Catholic Schools Foundation Inc has strengths in independent oversight and financial management, the need for improved transparency and more robust operational policies is evident. Addressing these limitations could enhance its standing and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Regis Catholic Schools Foundation Inc legitimate?
Regis Catholic Schools Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regis Catholic Schools 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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For more financial information, click here
Official website here: www.regiscatholicschoolsfoundation.com
What is the mission statement of Regis Catholic Schools Foundation Inc?
The Regis Catholic Schools Foundation's mission is centered around offering support to Regis Catholic Schools. This support is primarily provided through the distribution of both restricted and unrestricted grants. The organization's goal is to contribute to the educational institution's growth and development, aiming to enhance its overall performance and capabilities. The foundation does not specify the nature or purpose of the restricted grants, while unrestricted grants allow the schools to utilize the funds at their discretion, addressing their most pressing needs. This support is crucial in ensuring the continued success and development of Regis Catholic Schools.
Official website here: www.regiscatholicschoolsfoundation.com
Who is the CEO of Regis Catholic Schools Foundation Inc?
Mark Beckfield is the Chair of Regis Catholic Schools Foundation Inc.
Official website here: www.regiscatholicschoolsfoundation.com
What is the revenue of Regis Catholic Schools Foundation Inc?
Regis Catholic Schools Foundation Inc's revenue in 2022 was $567,470.
Official website here: www.regiscatholicschoolsfoundation.com
Who are the executives of Regis Catholic Schools Foundation Inc and what are their salaries?
There 9 volunteers at Regis Catholic Schools Foundation Inc.
Here are 9 key members and their salaries:
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Official website here: www.regiscatholicschoolsfoundation.com
Where can I find the form 990 for Regis Catholic Schools Foundation Inc?
Regis Catholic Schools Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.regiscatholicschoolsfoundation.com
Learn more at the official website: www.regiscatholicschoolsfoundation.com
Mission Statement of Regis Catholic Schools Foundation Inc
Regis Catholic Schools Foundation, a nonprofit organization, is committed to supporting Regis Catholic Schools. Their mission is to provide both restricted and unrestricted grants to these schools, ensuring they have the necessary resources to thrive. The Foundation's role is crucial in reinforcing the educational endeavors of Regis Catholic Schools, thereby contributing to the overall growth and development of the educational sector. By providing funds in a flexible manner, the Regis Catholic Schools Foundation enables the schools to allocate resources where they are needed most, thereby enhancing their operational efficiency and educational quality.
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Impact
July, 2024
Regis Catholic Schools Foundation Inc's impact can be seen in the significant support it provides to Regis Catholic Schools in Eau Claire, Wisconsin. Through both restricted and unrestricted grants, the foundation plays a vital role in enhancing the educational experience for students in this community. The foundation's mission to support Regis Catholic Schools underscores its commitment to ensuring that students have access to quality education and opportunities for growth. By providing essential resources and funding, the foundation helps to enrich the learning environment and contribute to the overall success of the schools and the students they serve.
This information is meant to be a general summary of Regis Catholic Schools 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: $107,390
- Gross Receipts: $2,510,701
Assets and Liabilities:
- Total Assets: $5,703,704
- Total Liabilities: $59,706
- Net Assets: $5,643,998
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Organization Details
Founding Year
1976
Phone
(715) 835-8662Principal Officer
Mark Beckfield
Main Address
2728 MALL DRIVE SUITE 200, EAU CLAIRE, WI, 547014421
NTEE Category
Code: B25 - Education
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