Overview
What is St Monica School Endowment Trust?
St. Monica School Endowment Trust is a nonprofit organization situated in Dallas, Texas, with an address at 9933 Midway Road. Their primary mission is to support and enhance the education of children attending St. Monica Catholic Church School. They achieve this goal by providing suitable facilities and an inspiring learning environment. Adhering to Roman Catholic principles, the trust promotes child development in a setting that encourages academic excellence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%
The St Monica School Endowment Trust has earned a Two-Star out of Four Star rating on Charity Navigator, indicating that while the organization demonstrates some strengths in accountability and finance, there are areas that could benefit from improvement. The score of 73% reflects solid financial practices, including a Program Expense Ratio of 79.01%, suggesting a strong commitment to funding programs over administrative costs.
One of the notable strengths of this organization is its governance structure. The Trust boasts a 100% independent board, which is crucial for maintaining objectivity and accountability. Additionally, there are no reported issues with material diversion of assets, and the organization consistently documents its board meeting minutes, showcasing transparency in its operations.
However, despite these positive indicators, the overall rating suggests that there may be concerns regarding overall effectiveness and efficiency compared to higher-rated charities. Stakeholders might want to explore further details on how the Trust utilizes its funds to achieve its mission and consider its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is St Monica School Endowment Trust legitimate?
St Monica School Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Monica School Endowment 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.
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What is the mission statement of St Monica School Endowment Trust?
The St Monica School Endowment Trust is dedicated to supporting the academic growth of children enrolled in the St. Monica Catholic Church School. Their mission is to provide a conducive learning environment and necessary facilities, upholding Roman Catholic principles, to foster intellectual development in these students. The trust aims to empower these children, ensuring they receive a quality education that aligns with their religious beliefs.
Who is the CEO of St Monica School Endowment Trust?
Father Michael Guadagnoli is the Trustee of St Monica School Endowment Trust.
What is the revenue of St Monica School Endowment Trust?
St Monica School Endowment Trust's revenue in 2022 was -$77,337.
Who are the executives of St Monica School Endowment Trust 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 Monica School Endowment Trust?
St Monica School Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Monica School Endowment Trust
The St. Monica School Endowment Trust, with a focus on Roman Catholic principles, is dedicated to fostering the academic growth of the children enrolled in St. Monica Catholic Church School. By providing essential facilities and a conducive learning environment, the trust aims to enhance the educational experience of these students, supporting their development both intellectually and morally. The mission of the St. Monica School Endowment Trust is to contribute to the education of its students, ensuring they receive a well-rounded education that aligns with the values and teachings of the Roman Catholic Church.
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Impact
October, 2024
The St. Monica School Endowment Trust significantly enhances educational opportunities for children enrolled at St. Monica Catholic School in Dallas, TX, by fostering an environment grounded in Roman Catholic principles and academic excellence. By providing essential facilities and resources, the trust ensures a conducive learning atmosphere that supports the holistic development of students.
Through its commitment to enriching education, the trust plays a vital role in empowering young learners, promoting values aligned with their faith, and preparing them for future challenges. This dedication not only impacts the academic performance of the students but also nurtures their spiritual growth and character development, ultimately benefiting the broader community.
This information is meant to be a general summary of St Monica School Endowment 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: -$164,066
- Gross Receipts: $2,874,155
Assets and Liabilities:
- Total Assets: $2,993,049
- Total Liabilities: $0
- Net Assets: $2,993,049
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Organization Details
Founding Year
1955
Phone
(214) 358-1453Principal Officer
Father Michael Guadagnoli
Main Address
9933 MIDWAY ROAD, DALLAS, TX, 752201918
NTEE Category
Code: B99 - Education
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