Overview
What is St Thomas More Catholic High School Foundation?
The St. Thomas More Catholic High School Foundation is a nonprofit organization situated in Lafayette, Louisiana, with a specific focus on supporting the educational programs of St. Thomas More Catholic High School. Their primary mission involves providing financial aid in the form of tuition assistance and student awards. By doing so, they aim to foster academic growth and opportunities for students attending the school. The foundation's activities are geared towards ensuring the success of St. Thomas More Catholic High School's educational initiatives, ultimately contributing to the betterment of its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%, Zero-Star out of Four Star rating. St Thomas More Catholic High School Foundation has received a low score of 40%, reflecting significant weaknesses in its financial accountability and transparency practices. While the organization does have a fully independent board and no material diversion of assets, it falls short in essential areas such as policies for whistleblowing and document retention.
The foundation's accountability measures show some strengths with the presence of a conflict of interest policy and documented board meeting minutes. However, the absence of a whistleblower policy and proper document management systems raises concerns about its operational integrity. Furthermore, the financial ratios indicate that the organization's program expenses are relatively low at 45.75%, and it has a concerning liabilities to assets ratio of 0.24%.
Overall, while the St Thomas More Catholic High School Foundation demonstrates some governance strengths, the gaps in financial transparency and accountability practices significantly hinder its rating. Stakeholders may want to consider these limitations when evaluating the foundation's operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is St Thomas More Catholic High School Foundation legitimate?
St Thomas More Catholic High School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Thomas More Catholic High 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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What is the mission statement of St Thomas More Catholic High School Foundation?
The St. Thomas More Catholic High School Foundation's mission is centered around supporting the educational programs of St. Thomas More Catholic High School. This support extends to providing funds for tuition assistance and student awards within the school. The organization's primary goal is to contribute to the academic success of students, ensuring that financial constraints do not hinder their educational opportunities. By offering financial aid and scholarships, the foundation aims to make quality education more accessible to a wider range of students.
What is the revenue of St Thomas More Catholic High School Foundation?
St Thomas More Catholic High School Foundation's revenue in 2024 was $240,924.
Who are the executives of St Thomas More Catholic High School Foundation and what are their salaries?
There 20 volunteers at St Thomas More Catholic High School Foundation.
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Where can I find the form 990 for St Thomas More Catholic High School Foundation?
St Thomas More Catholic High School Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of St Thomas More Catholic High School Foundation
The St. Thomas More Catholic High School Foundation's mission is centered around supporting the educational programs of St. Thomas More Catholic High School. This nonprofit organization dedicates its efforts to funding tuition assistance and student awards for the high school, aiming to make quality education more accessible to its students. By doing so, the St. Thomas More Catholic High School Foundation plays a significant role in nurturing the academic growth and success of its students, thereby contributing to their overall development.
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Impact
October, 2024
St. Thomas More Catholic High School Foundation significantly enhances the educational landscape in Lafayette, LA, by providing essential funding for various programs at St. Thomas More Catholic High School. Its impact is primarily felt through financial support aimed at tuition assistance, making quality education accessible to a broader range of students. By alleviating the financial burden of tuition, the foundation ensures that deserving students can pursue their education without undue economic hardship.
Additionally, the foundation plays a crucial role in recognizing and rewarding student achievements through scholarships and awards. This not only motivates students to excel academically but also fosters a sense of community and pride within the school. Overall, the foundation's efforts contribute to a more equitable educational environment, empowering students to reach their full potential and thrive in their academic and personal endeavors.
This information is meant to be a general summary of St Thomas More Catholic High 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 2024.
- Investment Income: $137,014
- Gross Receipts: $3,717,503
Assets and Liabilities:
- Total Assets: $4,468,975
- Total Liabilities: $0
- Net Assets: $4,468,975
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Organization Details
Founding Year
1983
Principal Officer
Martha Wyatt
NTEE Category
Code: B11 - Education
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