Overview
What is Berlin Catholic School Endowment Inc?
Berlin Catholic School Endowment Inc is a nonprofit organization that supports Berlin Catholic School financially through an endowment fund. Established with the primary goal of aiding the school in covering its expenses, the fund generates earnings that are allocated to the school. Simultaneously, the principal amount remains in the endowment fund, ensuring its continued existence and ability to provide future financial assistance to Berlin Catholic School. The organization's mission is centered around offering financial aid to the school, thus contributing to its ongoing operations.
Is Berlin Catholic School Endowment Inc legitimate?
Berlin Catholic School Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berlin Catholic School Endowment 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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What is the mission statement of Berlin Catholic School Endowment Inc?
The Berlin Catholic School Endowment Inc. was established with the mission of providing financial assistance to the Berlin Catholic School. The primary objective of this endowment fund is to generate earnings that can be utilized to cover the school's expenses. While the principal amount is retained within the fund, the earnings are transferred to the school to help defray its costs. The main focus of this program is to offer financial aid to the Berlin Catholic School. The endowment fund serves as a vital resource, ensuring the school's financial stability and contributing to its ongoing operations.
What is the revenue of Berlin Catholic School Endowment Inc?
Berlin Catholic School Endowment Inc's revenue in 2024 was $80,573.
Who are the executives of Berlin Catholic School Endowment Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Berlin Catholic School Endowment Inc?
Berlin Catholic School Endowment Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Berlin Catholic School Endowment Inc
Berlin Catholic School Endowment, as the name suggests, is a nonprofit organization established with a mission to provide financial assistance to Berlin Catholic School. The primary objective of this endowment fund is to help defray the school's costs, ensuring its continued operation and providing quality education. While the earnings generated from the fund are utilized to support the school, the original principle is retained within the endowment. This strategic approach allows the fund to continue generating earnings, ensuring a steady source of financial aid for Berlin Catholic School in the long term. In essence, Berlin Catholic School Endowment plays a crucial role in supporting the educational needs of the Berlin Catholic School, ensuring its financial stability and the continuation of its mission to provide quality education.
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Impact
October, 2024
Berlin Catholic School Endowment Inc significantly enhances the educational experience at Berlin Catholic School by providing essential financial assistance. Through its established endowment fund, the organization generates earnings that are directly allocated to help offset school costs. This financial support plays a crucial role in maintaining and enriching the academic environment, ensuring that students have access to quality education and resources. By retaining the principal amount in the endowment, the organization guarantees ongoing support, fostering sustainability and stability for educational programs. Ultimately, the endowment strengthens the school's mission, making education more accessible and aiding families in navigating tuition expenses.
This information is meant to be a general summary of Berlin Catholic School Endowment 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 2024.
- Investment Income: $49,882
- Gross Receipts: $90,255
Assets and Liabilities:
- Total Assets: $891,225
- Total Liabilities: $0
- Net Assets: $891,225
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Organization Details
Founding Year
1986
Principal Officer
Susan Labuda
NTEE Category
Code: B24I - Education
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