Overview
What is Padua Academy Foundation?
The Padua Academy Foundation is a nonprofit organization situated in Wilmington, Delaware, specifically at 901 N Dupont Street, 19805. Its primary source of income stems from investment earnings. The foundation's main mission is to support Padua Academy, a school, by raising funds and managing investments. These funds are utilized to cover educational needs and provide financial assistance to students in need. The foundation's activities are focused on investment management, incurring related fees as expenses.
Is Padua Academy Foundation legitimate?
Padua Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Padua Academy 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: $0
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What is the mission statement of Padua Academy Foundation?
The Padua Academy Foundation's primary objective is to raise funds and manage investments with the intention of supporting the educational needs and providing financial assistance to Padua Academy. By generating income from investments, the foundation aims to cater to the institution's financial requirements and aid students in need of financial assistance. The foundation's expenses are primarily related to investment-related fees.
Who is the CEO of Padua Academy Foundation?
Father Mark Wrightson is the Director of Padua Academy Foundation.
What is the revenue of Padua Academy Foundation?
Padua Academy Foundation's revenue in 2022 was $111,059.
Who are the executives of Padua Academy Foundation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Compensation: $0
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Where can I find the form 990 for Padua Academy Foundation?
Padua Academy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Padua Academy Foundation
The Padua Academy Foundation, a notable entity, is dedicated to raising funds and managing investments for the benefit of Padua Academy. This nonprofit organization plays a significant role in supporting the educational needs and providing financial assistance to the institution. By generating revenue through investment income, the Foundation ensures Padua Academy's financial stability and can offer assistance to students who may require it. The Foundation's expenses are primarily related to investment fees, demonstrating its commitment to efficient and effective financial management.
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Impact
October, 2024
The Padua Academy Foundation significantly impacts the community by raising essential funds and managing investments that directly support the educational needs of Padua Academy. Through its efforts, the foundation provides vital financial assistance, ensuring that students have access to quality education. The revenue generated from investment income enables the foundation to cover various educational expenses, enhancing the learning environment and offering resources necessary for student success. By strategically managing its finances, the foundation plays a crucial role in fostering an inclusive and supportive educational experience for all students at Padua Academy.
This information is meant to be a general summary of Padua Academy 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: $110,659
- Gross Receipts: $568,069
Assets and Liabilities:
- Total Assets: $1,655,702
- Total Liabilities: $0
- Net Assets: $1,655,702
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Organization Details
Founding Year
2009
Phone
(302) 421-3739Principal Officer
Father Mark Wrightson
Main Address
901 N DUPONT STREET, WILMINGTON, DE, 19805
NTEE Category
Code: B82P - Education
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