Overview
What is Loyal & Mary Shannon Endowment?
The Loyal & Mary Shannon Endowment is a nonprofit organization that offers financial aid to Lourdes Schools in Nebraska City. Their primary mission is to support parochial schools, with a particular focus on those situated in Nebraska City. This endowment fulfills its goal by providing direct funding, thereby contributing to the overall well-being and educational opportunities in these schools.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (63%, Two-Star out of Four Star rating)
The Loyal & Mary Shannon Endowment has received a rating of "Needs Improvement" from Charity Navigator, indicating that while the organization demonstrates strong accountability and financial practices, other areas are lacking. With a perfect score of 100% in accountability and finance, it showcases a commitment to responsible fiscal management, including a high program expense ratio of 83.76%, which signifies that a significant portion of its funds is directed toward its mission.
However, the organization has received low scores in several key governance areas. It scored 0 out of 10 for independent board size, indicating a potential concern regarding its governance structure. Additionally, the absence of critical policies such as conflict of interest and whistleblower protections, as well as the lack of transparency regarding their documents on their website, highlights areas that need attention to enhance their organizational integrity and stakeholder trust.
Overall, while the Loyal & Mary Shannon Endowment demonstrates strong financial health and proper management of assets, improvements in governance practices and transparency are essential for achieving a more favorable rating and bolstering public confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Loyal & Mary Shannon Endowment legitimate?
Loyal & Mary Shannon Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loyal & Mary Shannon Endowment 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 Loyal & Mary Shannon Endowment?
The Loyal & Mary Shannon Endowment's mission is centered around providing financial assistance to parochial schools. This endowment specifically focuses on supporting educational institutions, particularly in Nebraska City. Its primary activity involves offering direct funding to these schools to help them continue their educational missions. The endowment's goal is to contribute positively to the parochial school sector and ensure their continued operation and success.
Who is the CEO of Loyal & Mary Shannon Endowment?
Deroy Harshman is the Vp/Secretary of Loyal & Mary Shannon Endowment.
What is the revenue of Loyal & Mary Shannon Endowment?
Loyal & Mary Shannon Endowment's revenue in 2022 was $45,215.
Who are the executives of Loyal & Mary Shannon Endowment and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Loyal & Mary Shannon Endowment?
Loyal & Mary Shannon Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Loyal & Mary Shannon Endowment
The Loyal & Mary Shannon Endowment is dedicated to providing financial assistance for parochial schools, with a specific focus on schools located in Nebraska City. This nonprofit organization's mission is centered around offering direct funding to these institutions, aiming to support their overall operations and growth. The Loyal & Mary Shannon Endowment's mission is instrumental in aiding parochial schools, contributing to their continued existence and the education of students who attend them.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Loyal & Mary Shannon Endowment significantly impacts the educational landscape of Nebraska City by providing vital financial support to Lourdes Schools. Through direct funding, the endowment enhances the resources available for parochial education, fostering a strong learning environment for students. This support not only ensures the sustainability of quality education but also promotes the values and mission of parochial schools in the region. By concentrating on educational assistance, the endowment plays a crucial role in shaping the academic and moral foundation of the community, ultimately benefiting students and families alike.
This information is meant to be a general summary of Loyal & Mary Shannon Endowment. 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: $44,165
- Gross Receipts: $115,282
Assets and Liabilities:
- Total Assets: $578,019
- Total Liabilities: $0
- Net Assets: $578,019
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1986
Principal Officer
Deroy Harshman
Main Address
916 COURTNEY DRIVE, NEBRASKA CITY, NE, 68410
NTEE Category
Code: B24I - Education
If you are a representative of Loyal & Mary Shannon Endowment and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.