Overview
What is St Laurence Foundation Inc?
St. Laurence Foundation Inc, located in Burbank, Illinois, is a nonprofit organization dedicated to supporting St. Laurence High School. Their primary mission is to provide financial assistance in the form of scholarships, fund capital projects, and offer emergency operating support to the school. To achieve this, the foundation raises contributions and establishes an endowment. Their activities focus on enhancing the educational experience at St. Laurence High School and ensuring its continued growth and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
St Laurence Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization's overall score of 56% reflects a lack of transparency and effectiveness in utilizing its funds, which raises questions about its operational efficiency and impact on the community it serves.
Despite its low overall rating, the foundation does demonstrate some strengths. It has a fully independent board, achieving a perfect score in both the majority independent board members and independent board size categories. Additionally, the organization has shown no material diversion of assets and documents its board meeting minutes, which are positive indicators of governance and ethical management.
However, the program expense ratio is notably low at 56.15%, suggesting that a smaller percentage of funds are being directed toward programs compared to administrative costs. This aspect, alongside the overall accountability score, highlights areas where the St Laurence Foundation Inc may need to improve to enhance its effectiveness and donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is St Laurence Foundation Inc legitimate?
St Laurence Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Laurence Foundation 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
What is the mission statement of St Laurence Foundation Inc?
The St Laurence Foundation Inc's mission is centered around supporting St. Laurence High School. They aim to accomplish this by raising contributions and establishing an endowment. This fund is utilized to provide scholarships, finance capital projects, and offer assistance during operating emergencies at the high school. In essence, the foundation's objective is to contribute to the educational and infrastructure needs of St. Laurence High School, ensuring its continued operation and growth.
Who is the CEO of St Laurence Foundation Inc?
Michael Mcquinn is the Director of St Laurence Foundation Inc.
What is the revenue of St Laurence Foundation Inc?
St Laurence Foundation Inc's revenue in 2022 was $78,622.
Who are the executives of St Laurence Foundation Inc and what are their salaries?
There 3 volunteers at St Laurence Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Laurence Foundation Inc?
St Laurence Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Laurence Foundation Inc
St. Laurence Foundation Inc is committed to supporting St. Laurence High School's educational endeavors, capital projects, and operating emergencies. To achieve this mission, the Foundation raises contributions and establishes an endowment. In essence, the Foundation's role is to provide scholarships, capital project funding, and emergency operational support to St. Laurence High School. By doing so, it ensures the school's continued success and ability to provide quality education to its students.
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Impact
August, 2024
St. Laurence Foundation Inc's impact is significant in supporting St. Laurence High School education, capital projects, and operating emergencies. The Foundation provides scholarships, capital project funding, and support during operating emergencies to ensure the ongoing success and development of St. Laurence High School in Burbank, IL. Through raising contributions and establishing an endowment, St. Laurence Foundation Inc plays a crucial role in enhancing the educational experience and facilities at the high school, ultimately benefiting the students, staff, and the community at large.
This information is meant to be a general summary of St Laurence Foundation 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 2022.
- Investment Income: $22,243
- Gross Receipts: $132,133
Assets and Liabilities:
- Total Assets: $2,311,794
- Total Liabilities: $92,223
- Net Assets: $2,219,571
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Organization Details
Founding Year
2012
Phone
(708) 458-6900Principal Officer
Michael Mcquinn
Main Address
5556 W 77TH STREET, BURBANK, IL, 60459
NTEE Category
Code: T50 - Philanthropy
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