Overview
What is Nazareth Academy Endowment Fund?
The Nazareth Academy Endowment Fund is a charitable organization, specifically supporting Nazareth Academy, a private educational institution located in Victoria, Texas. This school, encompassing a pre-school and elementary section, aims to foster a nurturing Christian community that encourages the holistic growth of each individual, encompassing physical, social, cultural, and spiritual development. The Endowment Fund, in turn, contributes to the school's operational expenses, ensuring its continued service in providing quality education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Nazareth Academy Endowment Fund has received a solid rating of 87%, earning it a Three-Star rating from Charity Navigator. This score is entirely derived from the Accountability & Finance beacon, indicating a strong emphasis on transparent and responsible financial practices within the organization. A high proportion of independent board members and a lack of material diversion of assets further bolster its accountability.
The organization excels in maintaining a well-structured governance framework, with all board members being independent. It also showcases effective asset management, as evidenced by a liabilities to assets ratio of 0.00%, demonstrating financial stability. Furthermore, the fund exhibits a commendable program expense ratio of 86.73%, indicating a significant portion of its resources are directed towards its mission.
Despite its strengths, there is no additional information provided regarding the organization's impact or specific programs. However, the financial and governance aspects highlight a commitment to accountability, which is crucial for donor confidence and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Nazareth Academy Endowment Fund legitimate?
Nazareth Academy Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nazareth Academy 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.
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What is the mission statement of Nazareth Academy Endowment Fund?
The Nazareth Academy Endowment Fund supports Nazareth Academy, a private school that comprises a pre-school and elementary school. The fund's primary goal is to establish a nurturing Christian community that fosters optimal development for each individual, encompassing physical, social, cultural, and spiritual growth. The endowment fund remits funds to Nazareth Academy for its operations, with the school operating as an exempt organization.
Who is the CEO of Nazareth Academy Endowment Fund?
Sr Ann Meletio is the President of Nazareth Academy Endowment Fund.
What is the revenue of Nazareth Academy Endowment Fund?
Nazareth Academy Endowment Fund's revenue in 2022 was $58,325.
Who are the executives of Nazareth Academy Endowment Fund and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Nazareth Academy Endowment Fund?
Nazareth Academy Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nazareth Academy Endowment Fund
The Nazareth Academy Endowment Fund supports Nazareth Academy, a private institution comprising a pre-school and elementary school. This organization strives to establish a nurturing Christian community where each individual can develop optimally, not just physically and socially, but also culturally and spiritually. The Nazareth Academy Endowment Fund channels funds to Nazareth Academy for its operations, ensuring the continuity and success of this educational institution. The primary goal of Nazareth Academy is to foster an environment that promotes the holistic development of each student, nurturing their spiritual growth alongside their social, cultural, and physical development.
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Impact
August, 2024
The impact of the Nazareth Academy Endowment Fund is felt directly at Nazareth Academy, a private school in Victoria, TX. By supporting the school financially, the fund helps to ensure the operations and activities of Nazareth Academy, which includes a preschool and elementary school. The goal of Nazareth Academy is to build a loving Christian community that nurtures the physical, social, cultural, and spiritual development of each individual within its care. Through the fund's contributions, Nazareth Academy can continue its mission of providing a supportive and enriching educational environment for its students.
This information is meant to be a general summary of Nazareth Academy 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: $58,325
- Gross Receipts: $448,477
Assets and Liabilities:
- Total Assets: $1,737,309
- Total Liabilities: $0
- Net Assets: $1,737,309
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Organization Details
Founding Year
1990
Phone
(361) 485-2044Principal Officer
Sr Ann Meletio
Main Address
105 WEST CHURCH STREET, VICTORIA, TX, 779018005
NTEE Category
Code: Z99Z - Unknown
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