Overview
What is St Anthony School Endowment Fund Inc?
St. Anthony School Endowment Fund Inc. is a nonprofit organization based in Harlingen, Texas. Their primary mission is to support educational expenses and programs for St. Anthony's Catholic School. They achieve this by managing funds and soliciting donations. Unfortunately, due to the impact of the financial markets in 2022, the board was unable to make any grants to the school. The organization operates with a focus on contributing to the school's growth and development, providing essential support to enhance the educational experience for its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating highlights the organization's moderate performance in accountability and financial health. A score of 73 indicates that while there are some strengths, there are also significant areas for improvement which have contributed to the lower rating.
One of the strengths of St Anthony School Endowment Fund Inc includes its governance structure, with 88% of board members being independent, and an independent board size that is fully compliant. Additionally, the organization has demonstrated a sound financial practice with a perfect program expense ratio of 100%, indicating that all expenses are directed towards its programs. The organization also has a strong liabilities to assets ratio of 0.00%, suggesting a solid financial foundation.
However, there are notable limitations within the organization’s transparency practices. The absence of a website listed on its tax form, as well as missing key policies such as conflict of interest, whistleblower, and document retention policies, detracts from its accountability score. These missing elements indicate a need for improved transparency and governance practices to enhance public trust and engagement.
This AI summary has been generated from information found on Charity Navigator.
Is St Anthony School Endowment Fund Inc legitimate?
St Anthony School Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Anthony School 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 Anthony School Endowment Fund Inc?
The St Anthony School Endowment Fund Inc's mission is centered around supporting educational expenses and programs at St Anthony's Catholic School. They accomplish this by managing funds and soliciting contributions. Despite financial market constraints in 2022, limiting unrestricted funds, the organization did not make any grants to the school during that year. In essence, the St Anthony School Endowment Fund Inc exists to contribute financially to the school's well-being, thereby aiding in its overall educational development.
Who is the CEO of St Anthony School Endowment Fund Inc?
Matt Hamby is the Finance Chai of St Anthony School Endowment Fund Inc.
What is the revenue of St Anthony School Endowment Fund Inc?
St Anthony School Endowment Fund Inc's revenue in 2022 was $29,655.
Who are the executives of St Anthony School Endowment Fund Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for St Anthony School Endowment Fund Inc?
St Anthony School Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Anthony School Endowment Fund Inc
St. Anthony School Endowment Fund Inc is an organization with a mission to support the educational expenses and programs at St. Anthony's Catholic School. This nonprofit accomplishes this by managing funds and soliciting contributions. By doing so, it contributes to the school's well-being, providing it with the necessary resources to thrive. Regrettably, in 2022, the financial markets experienced a downturn, limiting the availability of unrestricted funds. As a result, the board of St. Anthony School Endowment Fund Inc was unable to grant funds to the school during that year. Despite this challenge, the organization continues to work towards its mission, seeking opportunities to strengthen the educational experience at St. Anthony's Catholic School.
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Impact
August, 2024
St Anthony School Endowment Fund Inc's impact lies in its support of programs and educational expenses for St Anthony's Catholic School in Harlingen, TX. By managing funds and soliciting contributions, the organization aims to contribute to the school's mission of providing quality education to its students. While facing challenges such as financial market downturns limiting unrestricted funds in 2022, the Endowment Fund continues to work towards supporting the school and fostering youth development within the community.
This information is meant to be a general summary of St Anthony School 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 2022.
- Investment Income: $23,712
- Gross Receipts: $262,901
Assets and Liabilities:
- Total Assets: $1,189,869
- Total Liabilities: $0
- Net Assets: $1,189,869
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Organization Details
Founding Year
1982
Phone
(956) 428-4300Principal Officer
Matt Hamby
Main Address
PO BOX 533441, HARLINGEN, TX, 78553
NTEE Category
Code: O50 - Youth development
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