Overview
What is St Margaret's School Foundation?
St. Margaret's School Foundation is a nonprofit organization situated in Tappahannock, Virginia. Its primary mission is to support St. Margaret's School, an Episcopal high school for girls, by raising funds. This financial aid is distributed through scholarships for needy students and faculty support. The foundation has been instrumental in providing over $1.4 million in financial assistance to the school. Additionally, the funds are utilized for various building projects and teacher benefits. The foundation's activities aim to foster and promote the welfare and development of St. Margaret's School, offering college-preparatory education to its students.
Official website here: www.sms.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
St. Margaret's School Foundation has achieved a high rating of 96%, indicating strong performance in accountability and finance. This score reflects the organization's commitment to transparency and responsible management of resources. The assessment is based solely on financial metrics, demonstrating an exceptional level of oversight and governance.
The foundation's board is entirely composed of independent members, showcasing a robust governance structure with no conflicts of interest. The organization also excels in financial management, with a program expense ratio of 98.76%, indicating that nearly all resources are directed towards its mission. Additional policies regarding whistleblower protections and document retention further underscore its dedication to ethical practices.
Despite its strengths, the rating is derived entirely from financial accountability, which may not provide a comprehensive picture of the organization's overall impact or effectiveness in achieving its mission-related goals. However, the solid financial management practices suggest a well-run organization that prioritizes responsible stewardship of funds.
This AI summary has been generated from information found on Charity Navigator.
Is St Margaret's School Foundation legitimate?
St Margaret's School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Margaret's School 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.
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Official website here: www.sms.org
What is the mission statement of St Margaret's School Foundation?
The St. Margaret's School Foundation's mission is primarily focused on supporting St. Margaret's School, a church-affiliated high school in an unspecified location. The foundation's objective is to enhance the school's welfare and development by raising funds. The school itself offers college-preparatory education to high school girls, guided by a dedicated community of teachers and staff who prioritize the students' growth and development.
The foundation fulfills its mission by granting funds to St. Margaret's School. These funds are utilized in various ways, including providing scholarships for needy students and supporting the school's faculty. The financial assistance awarded to the school totals over $1.4 million. In addition, the grants are also used for various building projects and faculty benefits. Currently, St. Margaret's School enrolls 72 students. The foundation's contributions play a significant role in the school's operations and overall success.
Official website here: www.sms.org
Who is the CEO of St Margaret's School Foundation?
Ann Peck is the Principal Officer of St Margaret's School Foundation.
Official website here: www.sms.org
What is the revenue of St Margaret's School Foundation?
St Margaret's School Foundation's revenue in 2022 was $2,051,685.
Official website here: www.sms.org
Who are the executives of St Margaret's School Foundation and what are their salaries?
There 9 volunteers at St Margaret's School Foundation.
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Official website here: www.sms.org
Where can I find the form 990 for St Margaret's School Foundation?
St Margaret's School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sms.org
Learn more at the official website: www.sms.org
Mission Statement of St Margaret's School Foundation
St. Margaret's School Foundation, with a mission deeply rooted in its name, is dedicated to fostering and promoting the welfare and development of St. Margaret's School. This church school, situated within the Episcopal Diocese of Virginia, offers high school girls a college-preparatory education through a supportive community of teachers and staff. The Foundation's primary role is to raise funds in support of this school.
The mission of St. Margaret's School Foundation is multi-faceted. It aims to provide financial aid to students in need, enabling St. Margaret's School to uphold its commitment to educating girls. The Foundation's grants significantly contribute to the school's ability to award more than $1.4 million in financial assistance annually. Besides financial aid, the Foundation's grants are also utilized for various building projects and facilitating teachers' benefits and faculty support. This holistic approach ensures the school's infrastructure remains conducive to learning and its faculty remains motivated and well-equipped to nurture the students' growth and development.
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Impact
July, 2024
St. Margaret's School Foundation has a significant impact on both students and faculty at St. Margaret's School. By providing grants to the school, the foundation enables the institution to offer scholarships to needy students, ensuring that financial barriers do not hinder their education. With over $1.4 million in financial assistance awarded to the school, St. Margaret's is able to support the educational journey of its 72 students.
Moreover, the foundation's grants are utilized for various building projects, enhancing the school's infrastructure, and providing teachers with benefits and faculty support. This not only creates a conducive learning environment but also ensures that the faculty members are well-equipped to provide quality education to the students.
Through its efforts, St. Margaret's School Foundation plays a vital role in fostering the welfare and development of St. Margaret's School, ultimately contributing to the growth and success of both the students and faculty within the institution.
This information is meant to be a general summary of St Margaret's School 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: $3,818
- Gross Receipts: $2,180,298
Assets and Liabilities:
- Total Assets: $4,897,473
- Total Liabilities: $110
- Net Assets: $4,897,363
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Organization Details
Founding Year
1977
Phone
(804) 466-3135Principal Officer
Ann Peck
Main Address
444 WATER LANE, TAPPAHANNOCK, VA, 22560
Website
www.sms.orgNTEE Category
Code: B112 - Education
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