Overview
What is Newman Catholic School System Foundation?
Newman Catholic School System Foundation is a charitable organization situated in Mason City, Iowa, specifically at 2445 - 19th Street SW. Its primary objective is to uphold and advance the mission of Newman Catholic Schools, which is to educate students in the Catholic tradition, fostering a lifestyle that embodies Christ. The foundation utilizes its resources to fund scholarships, incentivize teachers, invest in capital projects, and cover general operational expenses. By doing so, it contributes significantly to the educational growth and development of its students within the Catholic tradition.
Official website here: www.newmancatholicfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Newman Catholic School System Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. With a score of 90%, this rating indicates that the organization effectively manages its resources, ensuring that a significant portion of its funds is directed towards its programs and services.
The foundation boasts a fully independent board, composed entirely of 14 members, which enhances its governance and decision-making processes. Key policies such as conflict of interest and whistleblower protections are in place, providing a transparent and ethical framework for operations. Additionally, the organization demonstrates excellent financial health with a low liabilities-to-assets ratio and a substantial working capital ratio, signaling stability and sustainability.
While the rating highlights the foundation's strengths in financial management and governance, the reliance on a single beacon score means that other aspects of the organization's impact were not evaluated in this summary. Overall, the Newman Catholic School System Foundation appears to be a well-managed nonprofit, committed to transparency and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Newman Catholic School System Foundation legitimate?
Newman Catholic School System Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newman Catholic School System 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $60,536
Professional Fundraising Fees: $296,009
Other Salaries and Wages: $39,150
For more financial information, click here
Official website here: www.newmancatholicfoundation.com
What is the mission statement of Newman Catholic School System Foundation?
The Newman Catholic School System Foundation's mission is to support and promote the mission of Newman Catholic Schools, which is to educate students in the Catholic tradition, inspiring them to live as Christ. This is achieved by providing financial assistance for scholarships, teacher incentive pay, capital expenditures, and general operating expenses. The foundation's primary goal is to uphold and advance the educational values instilled in Newman Catholic Schools.
Official website here: www.newmancatholicfoundation.com
Who is the CEO of Newman Catholic School System Foundation?
Lynn Ptacek is the Director of Newman Catholic School System Foundation.
Official website here: www.newmancatholicfoundation.com
What is the revenue of Newman Catholic School System Foundation?
Newman Catholic School System Foundation's revenue in 2022 was $5,093,794.
Official website here: www.newmancatholicfoundation.com
Who are the executives of Newman Catholic School System Foundation and what are their salaries?
There 500 volunteers at Newman Catholic School System Foundation.
Here are 15 key members and their salaries:
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Official website here: www.newmancatholicfoundation.com
Where can I find the form 990 for Newman Catholic School System Foundation?
Newman Catholic School System Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newmancatholicfoundation.com
Learn more at the official website: www.newmancatholicfoundation.com
Mission Statement of Newman Catholic School System Foundation
The Newman Catholic School System Foundation is devoted to upholding and promoting the mission of Newman Catholic Schools. This mission involves educating students in the Catholic tradition, instilling in them the values to live as Christ. The Foundation's primary objective is to support this mission financially, contributing to scholarships, teacher incentives, capital expenditures, and general operating expenses within the Newman Catholic School System.
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Impact
July, 2024
Newman Catholic School System Foundation's impact is significant in supporting and promoting Newman Catholic Schools' mission of educating students in the Catholic tradition to live as Christ. The Foundation provides crucial financial support to the school system for scholarships, teacher incentive pay, capital expenditures, and general operating expenses. By doing so, the Foundation helps ensure that students receive a high-quality education rooted in the values of the Catholic faith. Through its contributions, the Foundation plays a vital role in shaping the lives and futures of students in Mason City, Iowa, and beyond.
This information is meant to be a general summary of Newman Catholic School System 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: $780,468
- Gross Receipts: $6,574,469
Assets and Liabilities:
- Total Assets: $19,812,428
- Total Liabilities: $103,405
- Net Assets: $19,709,023
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Organization Details
Founding Year
1977
Phone
(641) 423-6638Principal Officer
Lynn Ptacek
Main Address
2445 - 19TH STREET SW, MASON CITY, IA, 50401
NTEE Category
Code: B25 - Education
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