Overview
What is St Sebastian School Fund Inc?
St. Sebastian School Fund Inc. is a nonprofit organization located at 1191 Greendale Avenue, Needham, Massachusetts 02492. Its primary mission is to support the operations of St. Sebastian's School Inc., providing essential financial aid and managing real or personal property. The funds received are used to benefit, perform functions, or carry out the purposes of St. Sebastian's School Inc. This support is instrumental in enhancing and sustaining the educational endeavors at St. Sebastian's School.
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)**
St Sebastian School Fund Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong accountability and financial health. The organization excels particularly in areas such as board independence, financial oversight, and efficient use of funds with a remarkable 94% of expenses directed towards programs. Despite these strengths, it lacks certain policies like a whistleblower and document retention policy, which could be areas for improvement.
The fund's accountability is underscored by its high percentage of independent board members and thorough auditing practices. Its financial ratios, including low fundraising costs and substantial working capital, suggest that it is well-positioned to sustain its operations over the long term. Overall, the financial performance is impressive, reflecting a commitment to transparency and effective governance.
User reviews from GreatNonprofits are currently not available to provide additional insights from the community. However, based on the available data, the organization appears to operate with a solid foundation and a focus on maintaining its financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is St Sebastian School Fund Inc legitimate?
St Sebastian School Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Sebastian School Fund 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 St Sebastian School Fund Inc?
St. Sebastian School Fund Inc's primary mission is to support the educational objectives of St. Sebastian's School Inc. They accomplish this by accepting monetary funds and property, managing these resources, and occasionally transferring the income or profits to St. Sebastian's School Inc. Their main function is to operate for the benefit of, perform the duties of, or carry out the purposes of St. Sebastian's School Inc, thereby contributing to its overall operation and growth. In essence, St. Sebastian School Fund Inc serves as a vital financial supporter, enabling St. Sebastian's School Inc to fulfill its educational mission effectively.
What is the revenue of St Sebastian School Fund Inc?
St Sebastian School Fund Inc's revenue in 2023 was $10,351,651.
Who are the executives of St Sebastian School Fund Inc and what are their salaries?
There 50 volunteers at St Sebastian School Fund Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for St Sebastian School Fund Inc?
St Sebastian School Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Sebastian School Fund Inc
St. Sebastian School Fund Inc, as stated in its articles of organization, is dedicated to supporting the educational purposes of St. Sebastian's School Inc. This support is achieved by accepting monetary funds and real or personal property, managing these resources effectively, and occasionally remitting the income or gains derived from these assets to St. Sebastian's School Inc. The primary objective is to operate for the benefit of, perform the functions of, or carry out the purposes of St. Sebastian's School Inc. This nonprofit entity aims to contribute significantly to the educational mission of St. Sebastian's School Inc. by providing the necessary financial and property management support.
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Impact
July, 2024
St. Sebastian School Fund Inc's impact can be seen in its unwavering support for the educational mission of St. Sebastian's School Inc. By receiving monetary funds and property, managing these assets, and providing general support to the operations of the school, the organization plays a crucial role in ensuring the continued success and excellence of St. Sebastian's School. Through its dedicated efforts, St. Sebastian's School Fund Inc directly contributes to the educational advancement and overall well-being of the students and community served by St. Sebastian's School.
This information is meant to be a general summary of St Sebastian School Fund 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 2023.
- Investment Income: $1,433,774
- Gross Receipts: $15,084,244
Assets and Liabilities:
- Total Assets: $78,654,614
- Total Liabilities: $9,254,137
- Net Assets: $69,400,477
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Organization Details
Founding Year
2002
Principal Officer
James L Elcock
NTEE Category
Code: B11 - Education
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