Overview
What is The Catholic University Of America Foundation?
The Catholic University of America Foundation is a nonprofit organization situated in Washington, D.C., with an address at 620 Michigan Avenue, 20064. Its primary mission is to support The Catholic University of America, a renowned educational institution that offers various degree programs in disciplines such as liberal arts, sciences, religious studies, engineering, architecture, social service, nursing, music, and law. The foundation operates to advance the university's religious, charitable, scientific, literary, and educational pursuits, as per the provisions of Section 170(C)(2)(B) and 501(C)(3) of the Internal Revenue Code.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star rating)
The Catholic University Of America Foundation holds a 74% rating, indicating a moderate level of accountability and finance practices. While the organization excels in certain areas, such as having no material diversion of assets and a high program expense ratio of nearly 90%, it struggles with governance aspects, particularly the lack of independent board members, which received a score of 0%. This lack of independence could raise concerns regarding oversight and decision-making.
The foundation has effective policies in place, including those for conflict of interest, whistleblower protections, and document retention, all of which scored highly. However, it fell short in transparency by not listing its website on its tax form, which negatively impacted its overall rating. Ensuring that such critical information is accessible to stakeholders is essential for improving public trust.
In summary, while the Catholic University Of America Foundation demonstrates strong programmatic spending and sound financial practices, the absence of independent board members and transparency issues pose potential risks to its governance. Addressing these shortcomings could enhance its rating and bolster confidence among donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is The Catholic University Of America Foundation legitimate?
The Catholic University Of America Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Catholic University Of America 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: $41,879
For more financial information, click here
What is the mission statement of The Catholic University Of America Foundation?
The Catholic University of America Foundation's primary purpose is to operate exclusively in support of The Catholic University of America. This institution is organized and operates with a focus on religious, charitable, scientific, literary, and educational goals, falling under the provisions of sections 170(C)(2)(B) and 501(C)(3) of the Internal Revenue Code. In essence, the foundation's mission is to contribute to and uphold the objectives of The Catholic University of America, serving these various purposes within the realms of religion, charity, science, literature, and education.
What is the revenue of The Catholic University Of America Foundation?
The Catholic University Of America Foundation's revenue in 2024 was $69,432.
Who are the executives of The Catholic University Of America Foundation and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $633,594
- Other: $51,218
- Compensation: $0
- Related: $453,291
- Other: $49,982
- Compensation: $0
- Related: $440,352
- Other: $56,327
- Compensation: $0
- Related: $329,968
- Other: $35,059
- Compensation: $0
- Related: $426,792
- Other: $49,764
- Compensation: $0
- Related: $426,792
- Other: $49,764
Where can I find the form 990 for The Catholic University Of America Foundation?
The Catholic University Of America Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Catholic University Of America Foundation
The Catholic University of America Foundation's primary mission is dedicated to supporting the Catholic University of America. This foundation operates with a profound commitment to upholding religious, charitable, scientific, literary, and educational purposes, aligning with the provisions of Section 170(C)(2)(B) and 501(C)(3) of the Internal Revenue Code. The Catholic University of America, in turn, is organized and operates solely for these purposes, contributing significantly to various fields, including religion, charity, science, literature, and education.
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Impact
October, 2024
The Catholic University of America Foundation significantly enhances the educational landscape by its unwavering support of The Catholic University of America. Through its commitment to funding and resources, the Foundation directly contributes to the university's mission of providing quality education across various disciplines, including the liberal arts, sciences, religious studies, and professional fields such as engineering, architecture, nursing, and law.
By fostering an environment conducive to academic excellence, the Foundation plays a pivotal role in empowering students to pursue bachelor's, master's, and doctoral degrees. This investment in higher education not only enriches individual lives but also strengthens the broader community by cultivating knowledgeable leaders and innovative thinkers who are equipped to make meaningful contributions in their respective fields.
The impact of the Foundation is felt both within the university and beyond, as it champions the values of religious, charitable, scientific, and educational pursuits, ensuring that The Catholic University of America continues to thrive as a hub of learning and development in Washington, D.C.
This information is meant to be a general summary of The Catholic University Of America 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 2024.
- Investment Income: $20,788
- Gross Receipts: $558,569
Assets and Liabilities:
- Total Assets: $1,493,136
- Total Liabilities: $0
- Net Assets: $1,493,136
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Organization Details
Founding Year
1983
NTEE Category
Code: B43 - Education
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