Overview
What is Regina Foundation?
The Regina Foundation is a nonprofit organization situated in Iowa City, Iowa, with a specific focus on supporting the Regina Education Center. Their primary objective is to bolster the financial stability of this inter-parish Catholic educational center. They accomplish this by allocating funds towards various aspects, such as teacher salaries, tuition assistance, administrative positions, and facility maintenance. This commitment ensures the operation and maintenance of high-quality elementary and secondary education at the Regina Education Center. With a team of three dedicated employees, the Regina Foundation plays a crucial role in the educational landscape of the community.
Official website here: www.regina.org\foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while the Regina Foundation shows some strengths, there are also significant concerns regarding its accountability and financial practices.
The organization benefits from a fully independent board and demonstrates solid financial health with a low liabilities to assets ratio of 6.72% and a high program expense ratio of 86.81%, suggesting that a substantial portion of its funding is directed towards its programs. Furthermore, the foundation has effectively established a conflict of interest policy and documents board meeting minutes, which reflects a commitment to transparency.
However, the foundation has notable limitations, including the absence of a whistleblower policy and document retention and destruction policies. Additionally, the tax form is not available on the nonprofit's website, which affects its transparency score. These shortcomings may raise questions about the foundation's overall governance and adherence to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Regina Foundation legitimate?
Regina Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regina Foundation 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: $156,292
For more financial information, click here
Official website here: www.regina.org\foundation
What is the mission statement of Regina Foundation?
The mission of the Regina Foundation is centered around enhancing the financial stability of the Regina Inter-Parish Catholic Education Center. This is achieved by making allocations towards the operation and maintenance of the educational center, ensuring its quality in elementary and secondary education. The funds are utilized for various purposes, including teacher salaries, tuition assistance, administrative positions, and facility upkeep.
Official website here: www.regina.org\foundation
Who is the CEO of Regina Foundation?
Chris Klitgaard is the President of Regina Foundation.
Official website here: www.regina.org\foundation
What is the revenue of Regina Foundation?
Regina Foundation's revenue in 2022 was $987,688.
Official website here: www.regina.org\foundation
Who are the executives of Regina Foundation and what are their salaries?
The average compensation at Regina Foundation during 2022 was $52,097. There are 3 employees and 18 volunteers at Regina Foundation.
Here are 9 key members and their salaries:
- Compensation: $100,490
- Related: $0
- Other: $14,290
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.regina.org\foundation
Where can I find the form 990 for Regina Foundation?
Regina Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.regina.org\foundation
Learn more at the official website: www.regina.org\foundation
Mission Statement of Regina Foundation
The Regina Foundation, as stated in its mission, aims to enhance the financial stability of the Regina Inter-Parish Catholic Education Center. This mission is accomplished by making allocations to or for the Regina Education Center, with the primary objective of perpetuating its operation and maintaining the quality of elementary and secondary education. These allocations serve various purposes, including funding teacher salaries, providing tuition assistance, supporting administrative positions, and maintaining the facilities. In essence, the Regina Foundation works tirelessly to ensure the financial well-being of the Regina Education Center, thereby ensuring the continuation of high-quality education for its students.
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
July, 2024
Regina Foundation's impact is significant in enhancing the financial strength of the Regina Inter-Parish Catholic Education Center in Iowa City, IA. By providing allocations for teacher salaries, tuition assistance, administrative positions, and facilities, the foundation plays a crucial role in perpetuating the operation and maintaining the quality of elementary and secondary education at Regina. Through its support, Regina Foundation directly contributes to the sustainability and excellence of education at the Regina Inter-Parish Catholic Education Center.
This information is meant to be a general summary of Regina Foundation. 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: $201,355
- Gross Receipts: $1,009,964
Assets and Liabilities:
- Total Assets: $10,945,513
- Total Liabilities: $760,019
- Net Assets: $10,185,494
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1975
Phone
(319) 354-5866Principal Officer
Chris Klitgaard
Main Address
2140 ROCHESTER AVENUE, IOWA CITY, IA, 52245
Website
www.regina.org\foundationNTEE Category
Code: B20I - Education
If you are a representative of Regina Foundation 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.