Overview
What is Catholic Education Foundation Inc?
Catholic Education Foundation Inc, located in Louisville, Kentucky, is a nonprofit organization with a mission to foster the growth and vitality of Catholic education within the Archdiocese of Louisville. They primarily achieve this mission by providing tuition assistance grants to families who struggle to afford the full cost of tuition in Catholic elementary schools in the central Kentucky region. In addition to financial aid, the foundation also invests in technology enhancements at parishes and schools, supports the professional development of faculty and staff, and strengthens religious education programs. With a total of nine employees, Catholic Education Foundation Inc plays a significant role in making quality Catholic education more accessible and enriching in the local community.
Official website here: www.ceflou.org
What are the reviews and ratings of this charity?
Charity Navigator has awarded Catholic Education Foundation Inc a Four-Star out of Four Star rating, with an overall score of 90%. This rating is based solely on the organization's accountability and finance practices, showcasing strong fiscal responsibility. The foundation scores well in areas such as board independence, financial statement oversight, and effective management of assets, indicating a robust structure and transparency in operations.
The organization demonstrates a high program expense ratio, meaning a significant portion of its resources is directed towards its educational initiatives, reflecting its commitment to serving its mission. However, there are noted gaps in its policies, particularly around whistleblower and document retention, which may raise concerns regarding governance practices that are essential for accountability.
Unfortunately, user reviews from GreatNonprofits are not available for this organization. Hence, while the rated financial practices present a strong image of the nonprofit, additional insights from individual experiences are lacking. The overall impression remains positive based on the financial metrics provided.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Education Foundation Inc legitimate?
Catholic Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Education 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: $501,751
Professional Fundraising Fees: $0
Other Salaries and Wages: $522,113
For more financial information, click here
Official website here: www.ceflou.org
What is the mission statement of Catholic Education Foundation Inc?
The Catholic Education Foundation's primary mission is to foster the growth and vitality of Catholic education within its jurisdiction. To achieve this goal, the foundation predominantly focuses on providing tuition assistance grants to families in Central Kentucky who cannot afford the full cost of tuition in Catholic elementary schools. Additionally, the foundation invests in technology enhancements at parishes and schools, facilitates professional development for faculty and staff, and supports religious education programs. These initiatives aim to strengthen and enhance the overall educational experience in Catholic institutions.
Official website here: www.ceflou.org
Who is the CEO of Catholic Education Foundation Inc?
Richard A Lechleiter is the President of Catholic Education Foundation Inc.
Official website here: www.ceflou.org
What is the revenue of Catholic Education Foundation Inc?
Catholic Education Foundation Inc's revenue in 2023 was $8,348,400.
Official website here: www.ceflou.org
Who are the executives of Catholic Education Foundation Inc and what are their salaries?
The average compensation at Catholic Education Foundation Inc during 2023 was $113,763. There are 9 employees and 26 volunteers at Catholic Education Foundation Inc.
Here are 30 key members and their salaries:
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- Other: $30,072
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- Other: $7,560
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Official website here: www.ceflou.org
Where can I find the form 990 for Catholic Education Foundation Inc?
Catholic Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ceflou.org
Learn more at the official website: www.ceflou.org
Mission Statement of Catholic Education Foundation Inc
The Catholic Education Foundation, as its name suggests, is committed to fostering the growth and vitality of Catholic education within the Archdiocese of Louisville. Their primary mission is achieved through the provision of tuition assistance grants to families who struggle to afford the full cost of tuition in Catholic elementary schools situated in central Kentucky. Beyond this, the foundation also invests in technology enhancements at parishes and schools, supports the professional development of faculty and staff, and bolsters religious education programs. In essence, the Catholic Education Foundation aims to ensure that Catholic education remains accessible and thriving for families in need, while also improving the educational environment and the proficiency of educators.
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Impact
July, 2024
Catholic Education Foundation Inc has a significant impact on promoting the growth and vitality of Catholic education in the Archdiocese of Louisville. Through its provision of tuition assistance grants to Catholic school families, the foundation plays a crucial role in ensuring access to quality education for those who may not afford the full cost of tuition. Additionally, the foundation's support for technology enhancements, professional development for faculty and staff, and religious education programs at schools and parishes contributes to enhancing the overall educational experience for students. By focusing on these areas, the Catholic Education Foundation Inc is making a meaningful difference in the educational landscape of Central Kentucky.
This information is meant to be a general summary of Catholic Education 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: $425,632
- Gross Receipts: $10,362,520
Assets and Liabilities:
- Total Assets: $40,294,480
- Total Liabilities: $298,352
- Net Assets: $39,996,128
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Organization Details
Founding Year
1995
Phone
(502) 585-2747Principal Officer
Richard A Lechleiter
Main Address
401 W MAIN STREET 806, LOUISVILLE, KY, 40202
Website
www.ceflou.orgNTEE Category
Code: B82Z - Education
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