Overview
What is Episcopal Day School Endowment Trust?
The Episcopal Day School Endowment Trust is a nonprofit entity, situated in Wichita Falls, Texas. Its primary purpose is to support Christ Academy, a private educational institution catering to students from pre-K to twelfth grade. By providing financial resources, the Endowment Trust ensures the continuity and enhancement of the educational opportunities at Christ Academy, a private Christian school. The Trust's mission aligns with the school's values, aiming to contribute positively to the educational journey of its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating. This rating reflects significant concerns regarding accountability and finance practices. The organization scores poorly in several areas, particularly in board independence and governance policies, resulting in a low overall score.
The Episcopal Day School Endowment Trust shows a strong program expense ratio of 73.29%, indicating that a substantial portion of its resources is directed towards its mission-related activities. However, the lack of independent board members and missing governance policies such as conflict of interest, whistleblower, and document retention policies raise questions about transparency and accountability.
The absence of a website link on the tax form and failure to post key documents on its website further contribute to the low rating. While the organization does not have material diversion of assets, the shortcomings in governance practices highlight areas for improvement to enhance stakeholder confidence and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Episcopal Day School Endowment Trust legitimate?
Episcopal Day School Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Episcopal Day 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $12,409
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Episcopal Day School Endowment Trust?
The Episcopal Day School Endowment Trust is dedicated to supporting a specific cause, namely providing financial assistance for Christ Academy. This private Christian school caters to students from pre-K through grade twelve. The mission of the Episcopal Day School Endowment Trust is centered around this objective, with the aim of ensuring the continued operation and success of Christ Academy. The trust operates solely with the intention of benefiting this educational institution. The primary goal is to provide the necessary resources to Christ Academy, enabling it to deliver quality education to its students. The trust does not engage in any activities beyond this core mission.
Who is the CEO of Episcopal Day School Endowment Trust?
American National Bank is the Trustee of Episcopal Day School Endowment Trust.
What is the revenue of Episcopal Day School Endowment Trust?
Episcopal Day School Endowment Trust's revenue in 2022 was $50,693.
Who are the executives of Episcopal Day School Endowment Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $12,409
- Related: $0
- Other: $0
Where can I find the form 990 for Episcopal Day School Endowment Trust?
Episcopal Day School Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Episcopal Day School Endowment Trust
The Episcopal Day School Endowment Trust is an organization dedicated to supporting Christ Academy, a private Christian school catering to students from pre-Kindergarten through the twelfth grade. Its mission, in essence, is to provide the necessary financial resources for the operation and growth of Christ Academy, ensuring that it can continue to offer quality education within a Christian context. By operating solely for the benefit of Christ Academy, the Episcopal Day School Endowment Trust plays a crucial role in nurturing the intellectual, social, and spiritual development of its students.
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Impact
October, 2024
The Episcopal Day School Endowment Trust significantly enhances the educational experience at Christ Academy, a private Christian school serving grades pre-K through twelve. By providing essential funding, it ensures that students receive quality educational resources, facilities, and programs that foster academic excellence and personal growth. The trust's contributions support a nurturing environment where students can thrive both academically and spiritually, reinforcing the institution's commitment to holistic education rooted in Christian values. This impactful partnership helps to maintain high standards in education, enabling Christ Academy to develop well-rounded individuals who are prepared for future challenges.
This information is meant to be a general summary of Episcopal Day 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: $50,693
- Gross Receipts: $142,154
Assets and Liabilities:
- Total Assets: $801,199
- Total Liabilities: $0
- Net Assets: $801,199
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Organization Details
Founding Year
1973
Phone
(940) 397-2371Principal Officer
American National Bank
Main Address
2732 Midwestern Parkway, Wichita Falls, TX, 76308
NTEE Category
Code: B24I - Education
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