Overview
What is Our Lady Of Victory Parish Education Endowment Fund?
Our Lady of Victory Parish Education Endowment Fund is a faith-based nonprofit organization situated in Victoria, Texas. Their primary focus is on providing funding for Catholic educational institutions. This charitable organization is dedicated to supporting the educational needs of the Catholic community, thereby contributing to the overall growth and development of its members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Our Lady Of Victory Parish Education Endowment Fund has received a Two-Star rating from Charity Navigator, indicating a moderate level of financial health and accountability. The overall score is primarily driven by its strong performance in Accountability & Finance, with a perfect score in several key areas, such as the absence of material diversion of assets and a program expense ratio of 100%. This suggests that all funds raised are directed towards its educational mission.
The organization boasts a majority of independent board members, which enhances its governance and decision-making processes. Furthermore, it demonstrates transparency by documenting board meeting minutes, fostering trust with its stakeholders. The liabilities to assets ratio stands at an impressive 0.00%, indicating financial stability.
However, while the endowment fund excels in accountability and financial practices, its Two-Star rating suggests there may be other areas for improvement. Stakeholders may want to watch for future developments or changes within the organization that could impact its overall effectiveness and outreach in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Our Lady Of Victory Parish Education Endowment Fund legitimate?
Our Lady Of Victory Parish Education Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Lady Of Victory Parish Education Endowment Fund 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
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What is the mission statement of Our Lady Of Victory Parish Education Endowment Fund?
The Our Lady of Victory Parish Education Endowment Fund is a nonprofit organization with a mission centered around providing financial assistance for Catholic school education. Its primary objective is to support educational initiatives within the Catholic community. This organization aims to contribute to the academic growth and development of students in Catholic schools, ensuring they have access to quality education. By funding Catholic school education, the Our Lady of Victory Parish Education Endowment Fund plays a crucial role in nurturing the next generation of Catholic learners.
Who is the CEO of Our Lady Of Victory Parish Education Endowment Fund?
Very Rev Kirby Hlavaty is the Trustee of Our Lady Of Victory Parish Education Endowment Fund.
What is the revenue of Our Lady Of Victory Parish Education Endowment Fund?
Our Lady Of Victory Parish Education Endowment Fund's revenue in 2022 was $80,350.
Who are the executives of Our Lady Of Victory Parish Education Endowment Fund and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Our Lady Of Victory Parish Education Endowment Fund?
Our Lady Of Victory Parish Education Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Our Lady Of Victory Parish Education Endowment Fund
Our Lady of Victory Parish Education Endowment Fund is a dedicated nonprofit organization with a mission to support Catholic school education. This charitable entity aims to provide funding for Catholic educational institutions, working tirelessly to ensure that quality education remains accessible to all. By funding Catholic schools, this organization contributes to the nurturing of future generations in a faith-based environment.
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Impact
October, 2024
The Our Lady of Victory Parish Education Endowment Fund significantly enhances access to Catholic school education in Victoria, TX. By providing crucial financial support, it helps families afford tuition and associated educational expenses, ensuring that more students can receive a quality, faith-based education.
This endowment fund not only alleviates the financial burden on parents but also strengthens the local Catholic school community. It enables schools to maintain high educational standards, offer scholarships, and invest in resources that enrich students' learning experiences. Through its commitment to funding, the endowment plays a vital role in nurturing the next generation’s spiritual and academic growth, fostering a strong sense of community and values rooted in the Catholic tradition.
This information is meant to be a general summary of Our Lady Of Victory Parish Education Endowment Fund. 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: $80,350
- Gross Receipts: $261,895
Assets and Liabilities:
- Total Assets: $1,309,781
- Total Liabilities: $0
- Net Assets: $1,309,781
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Organization Details
Founding Year
1987
Phone
(361) 575-4741Principal Officer
Very Rev Kirby Hlavaty
Main Address
1309 E MESQUITE, VICTORIA, TX, 77901
NTEE Category
Code: X22 - Religion related
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