Overview
What is Friends Of The Rosary?
Friends of the Rosary is a nonprofit organization situated in Gray, Louisiana, specifically at 2545 West Park Avenue. The primary mission of this organization is to offer financial assistance to students attending Our Lady of the Rosary School who are in need of financial aid. In 2022, Friends of the Rosary granted approximately 33 scholarships and made donations to support this cause. Their mission is centered around providing scholarship programs for underserved children, aiming to alleviate financial burdens and ensure educational opportunities for all.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 73% (Two-Star out of Four Star rating)
Friends Of The Rosary has received a Two-Star rating from Charity Navigator, indicating that it requires improvement in certain aspects of its operations. The organization has a strong accountability and finance score of 73%, with notable strengths including a fully independent board and excellent management of its assets, as evidenced by a 0.00% liabilities to assets ratio and a 100% program expense ratio.
However, the organization has several key areas of concern that have affected its overall rating. It lacks essential policies such as a conflict of interest policy and a whistleblower policy, both of which are crucial for transparency and accountability. Additionally, the nonprofit does not provide its website on its tax forms or post its tax forms on its site, which raises questions about its accessibility and adherence to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Rosary legitimate?
Friends Of The Rosary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Rosary 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 Friends Of The Rosary?
Friends of the Rosary's mission is centered around providing financial assistance to students attending Our Lady of the Rosary School who are in need. The organization operates a scholarship program to fulfill this mission, providing aid to numerous students each year. In 2022, Friends of the Rosary distributed approximately 33 scholarships and made various donations to support this cause. The aim of the organization is to ensure that children in need have the opportunity to attend school, regardless of their financial situation.
Who is the CEO of Friends Of The Rosary?
Travis David is the President of Friends Of The Rosary.
What is the revenue of Friends Of The Rosary?
Friends Of The Rosary's revenue in 2022 was $53,385.
Who are the executives of Friends Of The Rosary and what are their salaries?
There 2 volunteers at Friends Of The Rosary.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of The Rosary?
Friends Of The Rosary's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Rosary
Friends of the Rosary, as a nonprofit organization, is dedicated to providing financial assistance to students attending Our Lady of the Rosary School who are in need of financial aid. Their mission is to establish scholarship programs, aiming to alleviate the financial burden for children in need. In 2022 alone, Friends of the Rosary made approximately 33 scholarships and donations, demonstrating their commitment to supporting deserving students.
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Impact
August, 2024
Friends Of The Rosary's impact is significant as it provides scholarships to students attending Our Lady of the Rosary School who are in need of assistance. Each year, the organization offers approximately 33 scholarships to children in need, ensuring that they have the opportunity to receive a quality education. By supporting these students through their scholarship program, Friends Of The Rosary is making a tangible difference in the lives of those who may not have access to educational opportunities otherwise. Through their dedication to providing education to children in need, Friends Of The Rosary is helping to create a brighter future for these students and their communities.
This information is meant to be a general summary of Friends Of The Rosary. 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 2022.
- Investment Income: $45,035
- Gross Receipts: $53,385
Assets and Liabilities:
- Total Assets: $57,290
- Total Liabilities: $0
- Net Assets: $57,290
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Organization Details
Founding Year
1987
Phone
(985) 873-8555Principal Officer
Travis David
Main Address
2545 WEST PARK AVENUE, GRAY, LA, 70359
NTEE Category
Code: B82 - Education
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