Overview
What is Mary H Porter Charitable Tr Fbo St?
Mary H Porter Charitable Trust Fbo St is a philanthropic entity situated at 701 Poydras Street, Suite 3100, New Orleans, Louisiana 70139. Its primary mission is to provide unconditional financial support to St. Vincent de Paul Catholic School. The trust's activities are geared towards advancing the educational objectives of the school, without any specific restrictions. While detailed information about the trust's size, staff, or other programs is not provided, it is known to contribute to the broader mission of supporting the educational institution.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Star rating)
The Mary H Porter Charitable Trust for St demonstrates a moderate level of accountability and finance, reflected in its 60% rating from Charity Navigator. The charity's score is based solely on its accountability and finance metrics, indicating that other aspects such as transparency and governance may not have been evaluated extensively.
A notable strength of the organization is its fully independent board, with 100% of members being independent, which is a positive sign for governance practices. Additionally, the charity has shown no material diversion of assets and maintains a favorable liabilities to assets ratio of 0.00%, suggesting sound financial management.
However, while the program expense ratio is strong at 75.28%, the overall score of 60% implies there may be other areas for improvement. Potential donors might want to consider the specific metrics contributing to the rating and how they align with their philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Mary H Porter Charitable Tr Fbo St legitimate?
Mary H Porter Charitable Tr Fbo St is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mary H Porter Charitable Tr Fbo St 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: $40,293
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mary H Porter Charitable Tr Fbo St?
The Mary H Porter Charitable Trust's primary objective is to support the St. Vincent de Paul Catholic School. This mission is reflected in its activities, as it provides unlimited financial aid to the school, contributing to its overall operations and development. The trust's purpose is aligned with the education and well-being of the students and faculty at St. Vincent de Paul Catholic School. The trust does not specify any further goals or objectives beyond this primary mission.
Who is the CEO of Mary H Porter Charitable Tr Fbo St?
Hancock Whitney Bank is the Trustee of Mary H Porter Charitable Tr Fbo St.
What is the revenue of Mary H Porter Charitable Tr Fbo St?
Mary H Porter Charitable Tr Fbo St's revenue in 2022 was -$32,539.
Who are the executives of Mary H Porter Charitable Tr Fbo St and what are their salaries?
There is 1 key member and their salary:
- Compensation: $40,293
- Related: $0
- Other: $0
Where can I find the form 990 for Mary H Porter Charitable Tr Fbo St?
Mary H Porter Charitable Tr Fbo St's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mary H Porter Charitable Tr Fbo St
Mary H Porter Charitable Trust is committed to supporting St. Vincent de Paul Catholic School. Their mission is centered around providing unhindered financial aid to the school, ensuring its continued operation and growth. By funding the school's operations, the Mary H Porter Charitable Trust contributes to the provision of quality education, fostering the intellectual development of its students. This support extends beyond just financial aid, as the trust also contributes to the overall well-being and success of St. Vincent de Paul Catholic School.
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Impact
October, 2024
The Mary H Porter Charitable Trust significantly enhances the educational experience at St. Vincent de Paul Catholic School in New Orleans, Louisiana. By providing unrestricted financial support, it helps facilitate various educational programs, community initiatives, and essential resources for students and staff. This assistance fosters a nurturing environment where learning and personal development thrive, contributing to the overall mission of the school to provide quality education grounded in values. The trust's dedication to ensuring that the school can address its needs without limitations directly impacts the quality of education and support available to the students, creating a lasting positive influence in the community.
This information is meant to be a general summary of Mary H Porter Charitable Tr Fbo St. 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: -$32,539
- Gross Receipts: $2,034,889
Assets and Liabilities:
- Total Assets: $2,820,527
- Total Liabilities: $0
- Net Assets: $2,820,527
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Organization Details
Founding Year
2012
Phone
(504) 586-7421Principal Officer
Hancock Whitney Bank
Main Address
701 POYDRAS STREET STE 3100, NEW ORLEANS, LA, 701397727
NTEE Category
Code: T50 - Philanthropy
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