Overview
What is Vir Fidelis Fund Inc?
Vir Fidelis Fund Inc is a nonprofit organization situated in Staten Island, New York, specifically at 2900 Amboy Road. Its primary objective is to collect and distribute funds for the academic, social, and athletic programs at Monsignor Farrell High School. The organization achieves this goal by soliciting donations from various sources such as alumni, parents, and well-wishers through various events like dinners, sporting events, dances, luncheons, and similar functions. The funds raised contribute to enhancing the educational, social, and sports activities at the school, thereby enriching the overall experience of the students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating.
Vir Fidelis Fund Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity scored 91% overall, driven entirely by its accountability and finance beacon. Key strengths include a fully independent board, excellent management of assets, and a high program expense ratio, indicating that a significant portion of its funds is directed toward its programs.
The organization boasts a 100% score in several areas, including having a majority of independent board members and no material diversion of assets. Additionally, it has established conflict of interest and whistleblower policies. However, the charity received deductions for not posting its tax form on its website and for not maintaining board meeting minutes, which slightly impacted its overall score.
Despite these limitations, the Vir Fidelis Fund Inc demonstrates a commitment to transparency and effective fund management, making it a reliable choice for potential donors looking to support a financially responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Vir Fidelis Fund Inc legitimate?
Vir Fidelis Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vir Fidelis Fund 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
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What is the mission statement of Vir Fidelis Fund Inc?
The Vir Fidelis Fund Inc. is committed to raising funds for the academic, social, and sports programs at Monsignor Farrell High School. They achieve this by soliciting donations from alumni, parents, and friends through various events such as dinners, sporting events, dances, and luncheons, among others. The primary objective is to support the educational and extracurricular activities of the school, enhancing its overall development. The funds raised are essential in providing resources to ensure the school's continued success and growth.
Who is the CEO of Vir Fidelis Fund Inc?
Joseph Vaszily is the Secretary of Vir Fidelis Fund Inc.
What is the revenue of Vir Fidelis Fund Inc?
Vir Fidelis Fund Inc's revenue in 2022 was $1,312,089.
Who are the executives of Vir Fidelis Fund Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Vir Fidelis Fund Inc?
Vir Fidelis Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vir Fidelis Fund Inc
Vir Fidelis Fund Inc, a nonprofit organization, is committed to raising and distributing funds for the academic, social, and sports programs at Monsignor Farrell High School. Their mission involves soliciting donations from alumni, parents, and friends through various means such as letters, phone calls, dinners, sporting events, dances, and luncheons. The funds collected are utilized to support the educational, social, and athletic activities at the high school, thereby enhancing the overall experience for its students.
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Impact
July, 2024
Vir Fidelis Fund Inc's impact is felt directly at Monsignor Farrell High School, where it plays a crucial role in supporting academic, social, and sports programs. By soliciting and distributing funds from alumni, parents, and friends through various channels such as donations, events, and outreach efforts, the organization helps enhance the overall educational experience and extracurricular opportunities for the students at the school. This support contributes to the school's success in providing a well-rounded education and fostering a thriving community.
This information is meant to be a general summary of Vir Fidelis Fund 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: $45,624
- Gross Receipts: $1,364,832
Assets and Liabilities:
- Total Assets: $4,691,815
- Total Liabilities: $33,019
- Net Assets: $4,658,796
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Organization Details
Founding Year
2014
Phone
(718) 987-2900Principal Officer
Joseph Vaszily
Main Address
2900 Amboy Road, Staten Island, NY, 10306
NTEE Category
Code: B90 - Education
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