Overview
What is St Benedict Catholic School Endowment Association?
St. Benedict Catholic School Endowment Association is a nonprofit organization situated in Atchison, Kansas, specifically at 201 UNITY. Its primary goal is to support St. Benedict Catholic School, providing limited funding for the school's operations and offering scholarships to students in need. The association's mission involves providing scholarships and managing endowments specifically for St. Benedict Catholic School.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The St Benedict Catholic School Endowment Association has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This score is primarily based on its strong performance in the Accountability & Finance category, where it scored 80%. The organization demonstrates a high level of financial responsibility, with a program expense ratio of 97.68%, indicating that a significant portion of its funds is directed towards its programs.
Key strengths of the organization include its fully independent board, with 100% of its 16 members meeting the criteria for independence. Additionally, the association has a clean track record regarding asset diversion and maintains a comprehensive conflict of interest policy. The organization consistently documents its board meeting minutes, further enhancing its accountability.
While the association has demonstrated strong financial health with a liabilities to assets ratio of 0.00%, it is worth noting that the score is solely derived from the Accountability & Finance beacon. Future assessments may benefit from additional evaluations in other areas such as impact or transparency to provide a more comprehensive view of the organization’s overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is St Benedict Catholic School Endowment Association legitimate?
St Benedict Catholic School Endowment Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Benedict Catholic School Endowment Association 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.
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What is the mission statement of St Benedict Catholic School Endowment Association?
The St. Benedict Catholic School Endowment Association's mission is centered around providing support for St. Benedict Catholic School. Specifically, their exempt purpose involves aiding the school's operations with limited funding and offering scholarships to students in need. This association aims to make quality education accessible to those who might otherwise struggle financially. They work towards ensuring the continuity and success of St. Benedict Catholic School by providing essential financial assistance.
Who is the CEO of St Benedict Catholic School Endowment Association?
Derek Franklin is the Treasurer of St Benedict Catholic School Endowment Association.
What is the revenue of St Benedict Catholic School Endowment Association?
St Benedict Catholic School Endowment Association's revenue in 2022 was $116,154.
Who are the executives of St Benedict Catholic School Endowment Association and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for St Benedict Catholic School Endowment Association?
St Benedict Catholic School Endowment Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Benedict Catholic School Endowment Association
St. Benedict Catholic School Endowment Association's primary mission is centered around providing support for St. Benedict Catholic School. This support is manifested in two key areas. Firstly, the association aims to offer limited funding for the operational expenses of the school. This financial assistance ensures the school's continuity and ability to provide quality education.
Secondly, St. Benedict Catholic School Endowment Association focuses on offering scholarships to students in need. These scholarships are instrumental in making education accessible to those who may otherwise be unable to afford it. By providing scholarships, the association helps to foster an inclusive learning environment and ensures that talent is not hindered by financial constraints. In essence, the association's mission is to support St. Benedict Catholic School and its students, ensuring that they have the necessary resources to thrive academically.
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Impact
October, 2024
The St. Benedict Catholic School Endowment Association plays a vital role in enhancing the educational opportunities available at St. Benedict Catholic School in Atchison, KS. By providing scholarships, the association helps reduce financial barriers for families in need, ensuring that quality education remains accessible to all students regardless of their economic circumstances.
The funds generated through the association's endowment support not just the scholarships, but also contribute to the operational needs of the school. This funding allows St. Benedict Catholic School to maintain a strong educational environment, invest in resources, and uphold its commitment to academic excellence and values-based education. Overall, the association strengthens the school's mission and fosters a supportive community for students and families, while promoting the importance of education in shaping future generations.
This information is meant to be a general summary of St Benedict Catholic School Endowment Association. 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: $76,214
- Gross Receipts: $146,159
Assets and Liabilities:
- Total Assets: $2,028,994
- Total Liabilities: $0
- Net Assets: $2,028,994
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Organization Details
Founding Year
1981
Phone
(913) 367-3503Principal Officer
Derek Franklin
Main Address
201 UNITY, ATCHISON, KS, 66002
NTEE Category
Code: B24I - Education
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