Overview
What is St Joseph Education Endowment Fund Inc?
St. Joseph Education Endowment Fund Inc. is a nonprofit organization committed to supporting Christian education. Its primary objective is to provide scholarships and subsidies for students attending St. Joseph Catholic School, St. Joseph Catholic Church, and Santa Fe Catholic High School. The Endowment Fund also assists in supplementing the expenses of these educational institutions, contributing to capital improvements, and enhancing the salaries of their faculty and religious education personnel. In addition, it supports the Religious Education Fund, aiming to uphold and advance the educational mission of these religious institutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
The St Joseph Education Endowment Fund Inc has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its overall accountability and financial health. With an overall score of 40%, the organization has shown strengths in having a fully independent board and no material diversion of assets, scoring full points in these areas. However, the lack of essential policies, such as a whistleblower and document retention policy, raises red flags about governance and operational transparency.
While the organization currently does not exhibit any significant diversion of assets, the liabilities to assets ratio of 0.16% reflects a potential issue in financial management, impacting its overall score. Additionally, the program expense ratio of 36.78% suggests a substantial portion of funds is not being allocated towards program activities, which could be a concern for potential donors looking for effective use of their contributions.
Overall, the absence of key governance policies and the low program expense ratio present limitations for the St Joseph Education Endowment Fund Inc. Prospective supporters should consider these factors when evaluating the organization's effectiveness and reliability as a nonprofit entity.
This AI summary has been generated from information found on Charity Navigator.
Is St Joseph Education Endowment Fund Inc legitimate?
St Joseph Education Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Joseph Education Endowment Fund Inc 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 Joseph Education Endowment Fund Inc?
The St. Joseph Education Endowment Fund Inc's mission is centered around supporting Christian education. Specifically, it contributes to the financial needs of St. Joseph Catholic School, St. Joseph Catholic Church, and Santa Fe Catholic High School. The endowment fund's mission extends beyond financial aid, as it also aims to supplement the expenses of the schools, the Religious Education Fund, and capital improvements to educational facilities. Furthermore, the fund provides subsidies for the faculty and religious education personnel's salaries, ensuring the continuity of quality education.
What is the revenue of St Joseph Education Endowment Fund Inc?
St Joseph Education Endowment Fund Inc's revenue in 2024 was $714,847.
Who are the executives of St Joseph Education Endowment Fund Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for St Joseph Education Endowment Fund Inc?
St Joseph Education Endowment Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of St Joseph Education Endowment Fund Inc
St. Joseph Education Endowment Fund Inc, as its mission statement suggests, is primarily committed to supporting Christian education. This nonprofit organization aims to provide financial assistance in the form of scholarships and subsidies for students enrolled in St. Joseph Catholic School, St. Joseph Catholic Church, and Santa Fe Catholic High School. Beyond financial aid, the fund also seeks to supplement the expenses of these educational institutions and the Religious Education Fund.
Moreover, St. Joseph Education Endowment Fund Inc is dedicated to investing in the future of these educational facilities. This includes funding for capital improvements, ensuring that the schools and religious education facilities remain up-to-date and well-maintained. Lastly, the endowment fund also supports the salaries of the faculty and religious education personnel, ensuring that these institutions can continue to employ and retain highly qualified educators. In essence, the mission of St. Joseph Education Endowment Fund Inc is to make quality Christian education more accessible and sustainable for students and institutions alike.
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Impact
July, 2024
The impact of St Joseph Education Endowment Fund Inc can be seen in its significant contributions to the support of Christian education at St. Joseph Catholic School, St. Joseph Catholic Church, and Sante Fe Catholic High School. By providing scholarships and subsidies for students, supplementing school expenses and religious education funds, funding capital improvements to school and religious education facilities, and supplementing faculty and personnel salaries, the Education Endowment Fund plays a crucial role in ensuring access to quality education within the community. Through its dedicated mission, the fund helps empower students and support educational institutions in Winter Haven, Florida.
This information is meant to be a general summary of St Joseph Education Endowment Fund Inc. 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: $226,832
- Gross Receipts: $921,005
Assets and Liabilities:
- Total Assets: $4,146,663
- Total Liabilities: $7,159
- Net Assets: $4,139,504
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Organization Details
Founding Year
1990
Principal Officer
Dr Peter Verrill
NTEE Category
Code: B82 - Education
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