Overview
What is St Vincent De Paul Educational Foundatio?
St. Vincent De Paul Educational Foundation is a financial support system for a local parochial school system, established with a donor's estate. The organization raises funds through various activities, with all net proceeds contributing to the local Catholic school system. In the recent fiscal year, the foundation provided scholarships worth $1,000 and contributed $116,204 to support the parochial education program, providing salary assistance, teacher supplies, equipment, and tuition assistance. Furthermore, an additional $138,808 was contributed to meet the schools' improvement needs. Notably, the high school required a new roof, and the foundation borrowed $900,000 to fund the project, while also collecting $105,550 from donors. The total cost of installing the new metal roof amounted to $1,075,359, and the foundation also invested in new signage for the school after the roof installation, at a cost of $13,928.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
St Vincent De Paul Educational Foundation has earned a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The rating is based entirely on the Accountability & Finance beacon, indicating a focus on these essential areas. This score signifies that the organization adheres to high standards of transparency and stewardship, which is crucial for maintaining donor trust and support.
The organization demonstrates strong governance practices, with 100% of its board members being independent. It also showcases effective internal policies, including conflict of interest and whistleblower policies, which are important for ethical operations. Furthermore, the foundation maintains a low liabilities-to-assets ratio of 23.76%, indicating sound financial management and stability.
One of the notable strengths is the high program expense ratio of 96.60%, which means that a significant portion of the funds raised is directed toward its core mission rather than administrative costs. However, while the individual metrics are strong, an overall score of 79% suggests there is room for improvement in other operational areas.
This AI summary has been generated from information found on Charity Navigator.
Is St Vincent De Paul Educational Foundatio legitimate?
St Vincent De Paul Educational Foundatio is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Vincent De Paul Educational Foundatio 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 St Vincent De Paul Educational Foundatio?
The St. Vincent de Paul Educational Foundation was established with a mission to serve as a financial support system for the local parochial school system. It has developed various fundraising functions, with all net proceeds being transferred to the local Catholic school system. The foundation provides financial assistance for scholarships, salary assistance, teacher supplies, equipment, and tuition assistance within the school system. It also contributes funds to cover the requested needs of the schools, such as the high school's new roof project. Additionally, the foundation borrows and collects donations to support these projects. In summary, the St. Vincent de Paul Educational Foundation supports the local parochial school system financially, ensuring they have the necessary resources to provide quality education to their students.
Who is the CEO of St Vincent De Paul Educational Foundatio?
Brad Renner is the Director of St Vincent De Paul Educational Foundatio. The CEO's salary of St Vincent De Paul Educational Foundatio is $0 and their total compensation is $0.
What is the revenue of St Vincent De Paul Educational Foundatio?
St Vincent De Paul Educational Foundatio's revenue in 2023 was $790,605.
Who are the executives of St Vincent De Paul Educational Foundatio and what are their salaries?
Here are 11 key members and their salaries (St Vincent De Paul Educational Foundatio's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for St Vincent De Paul Educational Foundatio?
St Vincent De Paul Educational Foundatio's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Vincent De Paul Educational Foundatio
The St. Vincent de Paul Educational Foundation was established with a mission to serve as a financial support system for the local parochial school system. This organization has developed various fundraising functions, with the net proceeds from these activities being transferred to the local Catholic school system. The foundation's primary objective is to provide financial aid and support to the parochial schools, ensuring that they have the necessary resources to deliver quality education.
In addition to its fundraising activities, the foundation also manages a scholarship program, utilizing a restricted amount from a parishioner's estate. This scholarship is awarded to qualified students attending the parochial schools, providing financial assistance that enables them to continue their education. Furthermore, the foundation periodically transfers the revenue generated from its fundraisers to the St. Vincent de Paul school system to support various educational programs.
In summary, the St. Vincent de Paul Educational Foundation is a nonprofit organization dedicated to supporting the local parochial school system. It accomplishes this mission through various fundraising activities, the management of a scholarship program, and the periodic transfer of revenue to the school system to help fund educational improvements. The foundation's ultimate goal is to ensure that the local parochial schools have the financial resources required to deliver high-quality education to their students.
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Impact
July, 2024
St Vincent De Paul Educational Foundation's impact is substantial in supporting the local parochial school system. Through various fundraising activities and prudent financial management, the organization has been able to provide significant financial assistance to the Catholic school system. This support has included scholarships for qualified students, funding for teacher supplies, equipment, tuition assistance, and even contributing towards major infrastructure projects like a new roof for the high school. Overall, the foundation's efforts have greatly strengthened the educational resources and opportunities available to the students in the community.
This information is meant to be a general summary of St Vincent De Paul Educational Foundatio. 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: $139,366
- Gross Receipts: $1,167,828
Assets and Liabilities:
- Total Assets: $3,116,555
- Total Liabilities: $740,524
- Net Assets: $2,376,031
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Organization Details
Phone
(573) 547-6596Principal Officer
Brad Renner
Main Address
1300 BRENDA AVE, PERRYVILLE, MO, 63775
NTEE Category
Code: P200 - Human services
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