Overview
What is Saints Peter & Paul Catholic School Charitable Trust?
Saints Peter & Paul Catholic School Charitable Trust is a nonprofit organization, headquartered in New Braunfels, Texas, that primarily focuses on providing support to Sts. Peter and Paul Catholic School. The trust operates through various means, including charitable donations from individuals and investment income derived from past donations. In the recent past, the school requested an amount of $20,000, which the trust granted. The Trust incurs minimal operational expenses, with $125 identified for office expenses in the provided data. The mission of Saints Peter & Paul Catholic School Charitable Trust remains dedicated to supporting the educational needs of Sts. Peter and Paul Catholic School.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
Saints Peter & Paul Catholic School Charitable Trust received a low rating of 56%, reflecting concerns about its governance and accountability practices. The organization has no independent board members, which negatively impacts its score in this area. While the trust has demonstrated good financial health with a 0.00% liabilities to assets ratio and a program expense ratio of 100%, the lack of essential policies such as conflict of interest and whistleblower protection raises significant red flags.
Strengths noted include a complete lack of material diversion of assets and the posting of tax forms on its website. However, the absence of a website listed on the tax form and missing critical policies contributes to a lack of transparency. These factors are concerning for potential donors looking for assurance that their contributions are managed responsibly.
Overall, while the organization maintains a strong focus on program expenses, its governance deficits may deter support from those who prioritize accountability and ethical management in nonprofit organizations. Without addressing these issues, the trust may struggle to improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Saints Peter & Paul Catholic School Charitable Trust legitimate?
Saints Peter & Paul Catholic School Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saints Peter & Paul Catholic School Charitable Trust 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 Saints Peter & Paul Catholic School Charitable Trust?
The Saints Peter & Paul Catholic School Charitable Trust's mission is centered around providing support for Sts. Peter & Paul Catholic School. This support is offered upon request, as demonstrated by the granting of $20,000 to the school from the trust's funds. The trust's activities primarily revolve around offering financial aid to the school, with additional office expenses and revenue generated from charitable donations and investment income. The trust's primary objective is to contribute positively to the educational institution.
Who is the CEO of Saints Peter & Paul Catholic School Charitable Trust?
Darlene Parker is the Board Member of Saints Peter & Paul Catholic School Charitable Trust.
What is the revenue of Saints Peter & Paul Catholic School Charitable Trust?
Saints Peter & Paul Catholic School Charitable Trust's revenue in 2022 was $67,859.
Who are the executives of Saints Peter & Paul Catholic School Charitable Trust and what are their salaries?
There 5 volunteers at Saints Peter & Paul Catholic School Charitable Trust.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Saints Peter & Paul Catholic School Charitable Trust?
Saints Peter & Paul Catholic School Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Saints Peter & Paul Catholic School Charitable Trust
Saints Peter & Paul Catholic School Charitable Trust, as its name suggests, is a nonprofit organization dedicated to supporting Sts. Peter & Paul Catholic School. Its mission is to provide financial aid and resources to the school when needed, demonstrating a commitment to its continued operation and success. The trust has shown its support by granting a request for $20,000 from the school, contributing to its operational expenses. Besides financial aid, the trust also manages revenue generated from charitable donations and investment income of previous donations, which further bolsters its ability to support the school. Overall, the Saints Peter & Paul Catholic School Charitable Trust plays a significant role in ensuring the school's well-being and success, providing essential resources and financial support when required.
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Impact
August, 2024
Saints Peter & Paul Catholic School Charitable Trust's impact includes providing crucial support to Sts. Peter & Paul Catholic School. The trust granted the school $20,000 in funding upon request, demonstrating a commitment to helping the school fulfill its educational mission. Additionally, the trust successfully managed its finances, with only $125 in office expenses and generating revenue of $67,859 from charitable donations and investment income. This financial stability allows the trust to continue supporting the school and making a positive impact on its students and community in NEW BRAUNFELS, TX.
This information is meant to be a general summary of Saints Peter & Paul Catholic School Charitable Trust. 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: $63,806
- Gross Receipts: $67,859
Assets and Liabilities:
- Total Assets: $1,296,308
- Total Liabilities: $0
- Net Assets: $1,296,308
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Organization Details
Founding Year
1975
Phone
(830) 626-9600Principal Officer
Darlene Parker
Main Address
PO Box 310809, New Braunfels, TX, 78130
NTEE Category
Code: X22 - Religion related
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