Overview
What is Cathedral High School Education Foundation?
The Cathedral High School Education Foundation is a nonprofit organization situated in St. Cloud, Minnesota, with an address at 312 7th Avenue N. Its primary purpose is to support Cathedral High School, a local parochial institution. The foundation accomplishes this by making payments that contribute to the school's operational expenses and scholarships. These payments are outlined in the foundation's trust agreement, making Cathedral High School a qualified recipient under Section 170(C)(1) and 170(C)(2). In summary, the Cathedral High School Education Foundation exists to aid in the continued operation and academic support of the Cathedral High School.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Cathedral High School Education Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. With a perfect score in several categories, including independent board member representation and financial oversight, the foundation demonstrates a commitment to transparency and effective governance.
The foundation's fiscal responsibility is further highlighted by an impressive program expense ratio of 82.65%, indicating that a significant portion of its expenses directly supports its educational programs. Additionally, its liabilities to assets ratio of just 0.18% shows a solid financial footing, minimizing risk and promoting sustainability.
While the foundation excels in its financial practices and governance, ongoing monitoring of its program effectiveness and community impact would enhance its overall performance. Nevertheless, the available data highlights a strong organization dedicated to supporting education through sound financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Cathedral High School Education Foundation legitimate?
Cathedral High School Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cathedral High School Education Foundation 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 Cathedral High School Education Foundation?
The Cathedral High School Education Foundation was established with the mission to make payments that support the operations of Cathedral High School, a parochial school. The foundation's activities, as outlined in its trust agreement, involve providing financial assistance to the school, which qualifies as a recipient under sections 170(C)(1) and 170(C)(2). The payments made by the foundation contribute to both operational expenses and scholarship programs at the school. In essence, the foundation serves to advance and sustain the educational endeavors of Cathedral High School.
Who is the CEO of Cathedral High School Education Foundation?
Paul Pfannenstein is the Board Member of Cathedral High School Education Foundation.
What is the revenue of Cathedral High School Education Foundation?
Cathedral High School Education Foundation's revenue in 2022 was $2,491,241.
Who are the executives of Cathedral High School Education Foundation and what are their salaries?
There 12 volunteers at Cathedral High School Education Foundation.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Cathedral High School Education Foundation?
Cathedral High School Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cathedral High School Education Foundation
The Cathedral High School Education Foundation was established with a mission to make payments that contribute to the continued operations of Cathedral High School. This parochial school serves as the primary recipient of these funds, as outlined in the foundation's trust agreement. The payments made by the foundation are in line with Section 170(C)(1) and 170(C)(2) of the tax code, categorizing Cathedral High School as a qualifying recipient. The funding provided by the Cathedral High School Education Foundation is utilized for operational expenses and scholarships at the school.
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Impact
July, 2024
The Cathedral High School Education Foundation impacts the educational landscape by providing crucial funding to Cathedral High School in St. Cloud, MN. This support contributes to the school's operational expenses and enables the provision of scholarships to deserving students. As a result, the Foundation plays a vital role in facilitating the continued functions and success of Cathedral High School, ensuring that students have access to quality education and opportunities for advancement.
This information is meant to be a general summary of Cathedral High School Education Foundation. 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: $2,182,943
- Gross Receipts: $10,791,308
Assets and Liabilities:
- Total Assets: $10,940,770
- Total Liabilities: $0
- Net Assets: $10,940,770
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Organization Details
Founding Year
1978
Phone
(320) 251-3421Principal Officer
Paul Pfannenstein
Main Address
312 7TH AVE N, ST CLOUD, MN, 56303
NTEE Category
Code: B110 - Education
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