Overview
What is St Catherine's School Foundation?
St. Catherine's School Foundation is a nonprofit organization based in Richmond, Virginia, with a primary mission to support St. Catherine's School, an Episcopal church school within the Diocese of Virginia. The foundation aims to uplift the welfare and development of this educational institution. It accomplishes this by raising funds and managing assets, which are then utilized in various ways. Specifically, the foundation grants money to the school to offer scholarships to needy students, support its faculty and staff, and fund building projects. Additionally, the grants contribute to teacher's benefits and faculty support. St. Catherine's School currently enrolls over 945 students and has awarded more than $3.2 million in financial assistance. The school provides girls aged 3 to grade twelve with rigorous college-preparatory education, fostering the growth of their mind, body, and spirit through a dedicated community of teachers and staff.
What are the reviews and ratings of this charity?
Charity Navigator rates St Catherine's School Foundation with a Four-Star out of Four Star rating, reflecting a strong performance in Accountability and Finance with a score of 92%. This high rating is attributed to the charity's strong governance practices, including a fully independent board, exceptional financial oversight, and a commitment to transparency with documented policies in place.
The organization demonstrates a commitment to maximizing program expenses, allocating over 96% of its budget directly to its programs. Furthermore, the foundation has an impressive fundraising efficiency, showing no costs incurred for fundraising, which suggests their operations are well-managed with sustainable financial health indicated by a working capital ratio of nearly 5 years.
User reviews from GreatNonprofits are not available at this time. However, the solid rating from Charity Navigator highlights the organization’s strengths, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is St Catherine's School Foundation legitimate?
St Catherine's School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Catherine'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.
Heare are some key statistics you may want to consider:
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What is the mission statement of St Catherine's School Foundation?
The St. Catherine's School Foundation's mission is centered around promoting the well-being and development of St. Catherine's School. This non-profit organization aims to raise funds and manage assets to support the educational institution. Located within the Episcopal Diocese of Virginia, St. Catherine's School provides a rigorous college-preparatory education for girls aged 3 to grade twelve. The foundation's mission further involves fostering the holistic development of these students, encompassing their intellectual, physical, and spiritual growth, through a dedicated community of teachers and staff.
Who is the CEO of St Catherine's School Foundation?
Peter N Pastore Jr is the President of St Catherine's School Foundation.
What is the revenue of St Catherine's School Foundation?
St Catherine's School Foundation's revenue in 2022 was $10,869,788.
Who are the executives of St Catherine's School Foundation and what are their salaries?
There 13 volunteers at St Catherine's School Foundation.
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Where can I find the form 990 for St Catherine's School Foundation?
St Catherine's School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Catherine's School Foundation
St. Catherine's School Foundation, a dedicated entity, is committed to advancing the welfare and development of St. Catherine's School. This nonprofit organization's primary mission is to raise funds and manage assets in support of St. Catherine's School, a renowned Episcopal Diocese of Virginia institution. This school offers a rigorous college-preparatory education to girls aged 3 through grade 12, fostering the growth of their minds, bodies, and spirits. The faculty and staff at St. Catherine's School are deeply committed to creating an environment that nurtures the holistic development of each student. By raising funds and managing assets, the St. Catherine's School Foundation plays a crucial role in ensuring the school can continue to provide this high-quality education and support to its students, enabling them to thrive and succeed in their future endeavors.
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Impact
July, 2024
St Catherine's School Foundation plays a crucial role in supporting St. Catherine's School in Richmond, VA. The foundation provides grants to the school, enabling it to offer scholarships to needy students and support its faculty and staff. With over 945 students enrolled and more than $3.2 million in financial assistance awarded, the impact of the foundation is significant. Additionally, grants from the foundation contribute to various building projects and provide benefits to teachers, further enhancing the school's educational environment. By raising funds and managing assets, the foundation helps uphold the school's mission of providing a rigorous college preparatory education for girls aged 3 through grade twelve.
This information is meant to be a general summary of St Catherine'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: $1,750,106
- Gross Receipts: $18,764,392
Assets and Liabilities:
- Total Assets: $54,160,094
- Total Liabilities: $2,869,452
- Net Assets: $51,290,642
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Organization Details
Founding Year
1958
Phone
(804) 288-2804Principal Officer
Peter N Pastore Jr
Main Address
6001 GROVE AVENUE, RICHMOND, VA, 23226
NTEE Category
Code: B11 - Education
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