Overview
What is Faith In The Future Foundation?
Faith In The Future Foundation is a nonprofit organization based in Villanova, Pennsylvania. Their primary mission is to ensure that a high-quality Catholic education is attainable for any family desiring it, serving over 10,000 students across 15 archdiocesan high schools and three special education schools in the Philadelphia region. The foundation, which employs five individuals, supports the Archdiocese of Philadelphia's Office of Catholic Education by providing grants upon dissolution of the organization. While the information provided does not mention any current active programs or initiatives, it is clear that Faith In The Future Foundation is committed to promoting accessibility to Catholic education in the region.
Official website here: www.faithinthefuture.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
Faith In The Future Foundation has achieved a remarkable Four-Star out of Four Star rating from Charity Navigator, reflecting its outstanding commitment to accountability and finance. The charity's score is based entirely on a perfect performance in the Accountability & Finance beacon, indicating high standards in financial management and transparency. This level of rating is significant as it demonstrates the organization's dedication to responsible stewardship of its resources.
The foundation boasts a fully independent board, with 100% of its members not affiliated with the organization, which enhances its governance structure. Additionally, its sound financial practices are evidenced by a 79.92% program expense ratio, indicating that the vast majority of its funds are directed towards its programs rather than administrative costs. The charity has also implemented essential policies, such as conflict of interest and whistleblower policies, ensuring ethical operations and accountability.
On the downside, while the data support the charity's financial health and governance, there may be limited public insight into its programmatic impact, as the focus is primarily on financial metrics. Nonetheless, the foundation's exemplary rating underlines its reliability and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Faith In The Future Foundation legitimate?
Faith In The Future Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith In The Future 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: $149,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,677
For more financial information, click here
Official website here: www.faithinthefuture.com/
What is the mission statement of Faith In The Future Foundation?
The Faith In The Future Foundation is driven by a singular objective: to make an exceptional Catholic education accessible to any family that desires it. The foundation is committed to serving over 10,000 students in the 15 archdiocesan high schools and three schools of special education within the Philadelphia region. Their mission is centered around making quality Catholic education attainable for all families who seek it.
Official website here: www.faithinthefuture.com/
Who is the CEO of Faith In The Future Foundation?
Irene H Hannan is the Chairman/President/Interim of Faith In The Future Foundation. The CEO's salary of Faith In The Future Foundation is $317,250 and their total compensation is $317,250.
Official website here: www.faithinthefuture.com/
What is the revenue of Faith In The Future Foundation?
Faith In The Future Foundation's revenue in 2023 was $98,508.
Official website here: www.faithinthefuture.com/
Who are the executives of Faith In The Future Foundation and what are their salaries?
The average compensation at Faith In The Future Foundation during 2023 was $41,285. There are 5 employees and 22 volunteers at Faith In The Future Foundation.
Here are 23 key members and their salaries (Faith In The Future Foundation's CEO's salary is $317,250 and their total compensation is $317,250):
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Official website here: www.faithinthefuture.com/
Where can I find the form 990 for Faith In The Future Foundation?
Faith In The Future Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.faithinthefuture.com/
Learn more at the official website: www.faithinthefuture.com/
Mission Statement of Faith In The Future Foundation
Faith in the Future Foundation is driven by a singular goal: to make an excellent Catholic education accessible to any family that desires it. Committed to serving over 10,000 students, the foundation supports 15 archdiocesan high schools and three schools of special education within the Philadelphia region. By providing grants to the Archdiocese of Philadelphia's Office of Catholic Education, Faith in the Future Foundation plays a crucial role in ensuring that a quality Catholic education remains within reach for numerous families. Through its efforts, the foundation strives to foster academic growth and spiritual development among its students, promoting a well-rounded education that equips them for the future.
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Impact
October, 2024
Faith In The Future Foundation has significantly impacted the educational landscape by ensuring that excellent Catholic education is accessible to all families who seek it. By focusing on serving over 10,000 students within 15 Archdiocesan high schools and three special education schools in the Philadelphia region, it has played a crucial role in fostering educational opportunities and supporting diverse learning needs.
The organization’s commitment to providing grants to the Archdiocese of Philadelphia's Office of Catholic Education has strengthened the foundation of Catholic education in the area, allowing families from various backgrounds to benefit from quality schooling. This accessibility helps create a more inclusive environment where students can thrive academically and spiritually, enriching the community as a whole. Although the organization has dissolved and ceased all operations, its legacy continues to influence educational opportunities in the region, reflecting its mission to empower families through education.
This information is meant to be a general summary of Faith In The Future 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 2023.
- Investment Income: $413
- Gross Receipts: $98,508
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2012
Phone
(610) 324-8219Principal Officer
Irene H Hannan
Main Address
P O BOX 477, VILLANOVA, PA, 190850477
Website
www.faithinthefuture.com/NTEE Category
Code: B90 - Education
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