Catholic Schools Foundation Of Winona Mn Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411564670 ✦ Winona, MN ✦ Designated as a 501(c)(3)

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Overview

What is Catholic Schools Foundation Of Winona Mn Inc?

The Catholic Schools Foundation of Winona MN Inc is a nonprofit organization situated in Winona, Minnesota, with an address at 1115 W Broadway Street. Their primary mission is to support and promote Catholic education in the Winona area, offering financial assistance for elementary and secondary schools, including Cotter Schools. They distribute the earnings from public contributions received to contribute to the educational needs of these institutions. The foundation's goal is to provide tuition aid and improve the quality of Catholic education in the Winona, Minnesota, community.


Official website here: www.csfwinona.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 82%, Three-Star out of Four Star rating. The Catholic Schools Foundation of Winona, MN, has earned this rating primarily based on its Accountability & Finance score, which reflects the organization's commitment to transparency and responsible financial management. Key strengths include a fully independent board and a high program expense ratio, indicating that the majority of its funding is directed toward its mission of supporting Catholic education in the community.

Despite these strengths, user feedback highlights some significant limitations. A client's review expressed dissatisfaction regarding the accessibility of financial aid, suggesting that the organization's policies may inadvertently exclude families in financial distress. This concern raises questions about the foundation's outreach and support for those in need, potentially undermining its mission to promote Catholic education for all families, regardless of their economic situation.

Overall, while the Catholic Schools Foundation demonstrates strong fiscal responsibility and governance, it may need to evaluate its support mechanisms to ensure that financial assistance is adequately available to all families striving to maintain their children's education in the Winona area.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Catholic Schools Foundation Of Winona Mn Inc legitimate?

Catholic Schools Foundation Of Winona Mn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Schools Foundation Of Winona Mn 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.csfwinona.org

What is the mission statement of Catholic Schools Foundation Of Winona Mn Inc?

The Catholic Schools Foundation of Winona MN Inc is committed to providing financial assistance and promoting Catholic education in the elementary and secondary levels. Their primary goal is to offer tuition aid to benefit students in these educational sectors. The foundation invests funds from public contributions and distributes the earnings to local Catholic schools, including Cotter Schools, in the Winona area. The organization's purpose is to ensure that quality Catholic education remains accessible to students in need.


Official website here: www.csfwinona.org

Who is the CEO of Catholic Schools Foundation Of Winona Mn Inc?

Sue Savat is the President of Catholic Schools Foundation Of Winona Mn Inc.


Official website here: www.csfwinona.org

What is the revenue of Catholic Schools Foundation Of Winona Mn Inc?

Catholic Schools Foundation Of Winona Mn Inc's revenue in 2022 was $61,379.


Official website here: www.csfwinona.org

Who are the executives of Catholic Schools Foundation Of Winona Mn Inc and what are their salaries?

There 15 volunteers at Catholic Schools Foundation Of Winona Mn Inc.


Here are 7 key members and their salaries:


Mike Hansen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Morgan (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Savat (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Speltz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Evanson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annmarie Demarais (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Michael Cronin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.csfwinona.org

Where can I find the form 990 for Catholic Schools Foundation Of Winona Mn Inc?

Catholic Schools Foundation Of Winona Mn Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.csfwinona.org

Learn more at the official website: www.csfwinona.org

Mission Statement of Catholic Schools Foundation Of Winona Mn Inc

Catholic Schools Foundation of Winona MN Inc is committed to supporting and advocating for Catholic education in the elementary and secondary levels within its area. Its primary mission is to provide financial assistance and tuition aid, aiming to make Catholic education more accessible to the community. The foundation accomplishes this by investing contributions it receives from the public and distributing the earnings to local Catholic schools and Cotter Schools. By doing so, it plays a significant role in promoting and strengthening Catholic education in the community.

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Impact




August, 2024

The Catholic Schools Foundation of Winona, MN Inc plays a crucial role in supporting and promoting Catholic education in the Winona area. By providing financial assistance and tuition aid, the foundation ensures that students have access to quality education in a nurturing and values-based environment. Through its investments and distribution of earnings to Winona Area Catholic Schools and Cotter Schools, the foundation directly impacts the educational opportunities available to children and teenagers in the community. This support not only strengthens the educational institutions but also contributes to the overall growth and development of the students who benefit from a Catholic education. The foundation's dedication to promoting Catholic elementary and secondary education is instrumental in shaping future generations and fostering a strong sense of community within Winona, MN.




This information is meant to be a general summary of Catholic Schools Foundation Of Winona Mn 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.

Revenue
$61,379 (2022)
Expenses
$232,629 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $907
  • Gross Receipts: $1,691,840

Assets and Liabilities:

  • Total Assets: $6,197,238
  • Total Liabilities: $77,035
  • Net Assets: $6,120,203

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Organization Details

Founding Year

1986

Principal Officer

Sue Savat

Main Address

1115 W BROADWAY STREET, WINONA, MN, 55987

NTEE Category

Code: B82 - Education

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