Overview
What is Father Lopez Foundation Inc?
Father Lopez Foundation Inc, located in Lutz, Florida, is a nonprofit organization dedicated to financially supporting Father Lopez Catholic High School, a private Catholic institution. This 501(c)3 organization contributes financially to the school's operations and mission, ensuring its continuity and success. The Foundation's primary activity is to provide financial aid, contributing to the educational and overall development of the school and its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Father Lopez Foundation Inc has received a moderate rating of 73%, indicating some strengths in its governance and financial practices. The organization boasts a fully independent board, which is a positive sign, and has demonstrated strong program expense ratios, allocating 100% of its expenses to programs. The foundation maintains a low liabilities to assets ratio, reflecting its financial stability.
However, the foundation has several areas that need improvement. Key policies such as the conflict of interest, whistleblower, and document retention policies are missing, which can raise concerns about governance practices. Additionally, the absence of its website on tax forms and the lack of online transparency regarding its tax filings may limit public insight into its operations. Addressing these deficiencies could enhance their accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Father Lopez Foundation Inc legitimate?
Father Lopez Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Father Lopez 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Father Lopez Foundation Inc?
The Father Lopez Foundation Inc's mission is centered around providing financial support. Specifically, it focuses on assisting Father Lopez Catholic High School, a private, Catholic institution that also operates as a 501(c)3 organization. The foundation's role is pivotal in ensuring the school's financial stability and continuity, thereby contributing to the education of its students. The foundation's activities are geared towards supporting the school's operational costs and other financial needs, thereby enabling it to deliver quality education to its students.
What is the revenue of Father Lopez Foundation Inc?
Father Lopez Foundation Inc's revenue in 2023 was $217,053.
Who are the executives of Father Lopez Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Father Lopez Foundation Inc?
Father Lopez Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Father Lopez Foundation Inc
The Father Lopez Foundation Inc is dedicated to providing financial support to Father Lopez Catholic High School. This mission is centered around ensuring the continuity and success of the private, Catholic institution. As a 501(c)3 organization, the Father Lopez Foundation Inc plays a vital role in supporting the academic pursuits and overall well-being of the school's students. By providing financial backing, the foundation enables Father Lopez Catholic High School to maintain its educational programs and services, thereby contributing to the intellectual growth and development of its students.
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Impact
October, 2024
Father Lopez Foundation Inc significantly enhances the educational experiences of students at Father Lopez Catholic High School in Lutz, FL, by providing essential financial support. This assistance allows the school to maintain and improve its programs, facilities, and resources, fostering a nurturing environment for academic and personal growth. Through its philanthropic efforts, the foundation plays a crucial role in ensuring that the values and mission of Father Lopez Catholic High School are upheld, thereby benefiting students, families, and the broader community. The impact of this support is reflected not only in the quality of education but also in the opportunity for students to thrive in a supportive, faith-based environment.
This information is meant to be a general summary of Father Lopez 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 2023.
- Investment Income: $98,034
- Gross Receipts: $817,965
Assets and Liabilities:
- Total Assets: $3,823,057
- Total Liabilities: $0
- Net Assets: $3,823,057
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Organization Details
Founding Year
1992
Principal Officer
Mary Clement
NTEE Category
Code: T22Z - Philanthropy
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