Overview
What is St Josephs Educational Foundation Inc?
St. Joseph's Educational Foundation Inc., based in Lakeland, Florida, serves as a nonprofit organization dedicated to supporting local Catholic schools. Its primary mission is to raise funds with the aim of providing tuition assistance. This financial aid helps families afford education at these Catholic institutions, ensuring that children can benefit from quality educational opportunities. With a small team of one dedicated individual, the foundation is actively working towards its goal, contributing to the educational community in Florida.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
St Josephs Educational Foundation Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and finance practices. The organization has strengths in governance, as evidenced by a fully independent board and a strong program expense ratio of 87.57%, suggesting that a significant portion of its resources are allocated to its programs. The organization scores well in areas such as having no material diversion of assets and documenting board meeting minutes.
However, the foundation has notable shortcomings, particularly in its policies and transparency. Missing policies for conflict of interest, whistleblower protection, and document retention raise questions about its accountability practices. Additionally, the absence of the organization’s tax form on its website may limit public understanding of its financial health. These limitations contribute to the overall Two-Star rating, reflecting the need for improvement in governance and transparency to better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is St Josephs Educational Foundation Inc legitimate?
St Josephs Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Josephs Educational Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $45,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of St Josephs Educational Foundation Inc?
St. Joseph's Educational Foundation Inc's primary mission is to raise funds for the purpose of providing tuition assistance to local Catholic schools. This organization strives to make quality education more accessible for students by offering financial aid. Their initial achievement in this endeavor is to offer financial support for tuition assistance in local Catholic schools. In essence, St. Joseph's Educational Foundation Inc is committed to boosting educational opportunities for students in need, by contributing to the financial requirements of local Catholic schools.
Who is the CEO of St Josephs Educational Foundation Inc?
Andrew Lofaro is the Director of St Josephs Educational Foundation Inc.
What is the revenue of St Josephs Educational Foundation Inc?
St Josephs Educational Foundation Inc's revenue in 2020 was $724,162.
Who are the executives of St Josephs Educational Foundation Inc and what are their salaries?
The average compensation at St Josephs Educational Foundation Inc during 2020 was $45,000. There is 1 employee at St Josephs Educational Foundation Inc.
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Where can I find the form 990 for St Josephs Educational Foundation Inc?
St Josephs Educational Foundation Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of St Josephs Educational Foundation Inc
St. Joseph's Educational Foundation Inc is dedicated to raising funds with the primary objective of providing tuition assistance to local Catholic schools. The organization's mission is to alleviate the financial burden of tuition fees, ensuring that students from these schools have equal opportunities for education, regardless of their financial circumstances. By offering financial aid, St. Joseph's Educational Foundation Inc plays a significant role in supporting the education of countless students, thereby contributing to the wider community. The foundation's primary program service achievement is to provide financial assistance for tuition, enabling more families to afford a Catholic education for their children.
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Impact
July, 2024
St Josephs Educational Foundation Inc's impact lies in its crucial role in raising funds to provide tuition assistance to local Catholic schools in Lakeland, Florida. By supporting these schools financially, the foundation ensures that students have access to quality education regardless of their financial circumstances. This not only benefits the individual students but also contributes to the overall strength and resilience of the Catholic education system in the community. Through its philanthropic efforts, St Josephs Educational Foundation Inc plays a significant role in fostering educational opportunities and enhancing the well-being of students in the region.
This information is meant to be a general summary of St Josephs Educational Foundation 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 2020.
- Investment Income: $721,436
- Gross Receipts: $724,327
Assets and Liabilities:
- Total Assets: $4,849,736
- Total Liabilities: $0
- Net Assets: $4,849,736
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Organization Details
Phone
(863) 683-8780Principal Officer
Andrew Lofaro
Main Address
210 W LEMON ST, LAKELAND, FL, 33815
NTEE Category
Code: T30Z - Philanthropy
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