Overview
What is St Francis School Foundation Inc?
St. Francis School Foundation Inc, located at 2516 Palm Street, Bakersfield, CA 93304, is a nonprofit organization devoted to supporting St. Francis Elementary School. Their primary mission is to raise funds through special events and investment earnings. During the current year, they provided financial aid for tuition, purchased computers and school supplies, and even bought a new dishwasher for the school. Any remaining funds are saved for future school improvements and support. They also organized one major fundraising event, an annual golf tournament, whose proceeds contributed to their financial assistance for the school.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The St Francis School Foundation Inc has received a score of 73%, which results in a Two-Star rating. This score reflects a moderate level of performance in terms of accountability and finance. Notably, the organization has a fully independent board with 100% of its members being independent, which is a strong indicator of governance quality.
Strengths of the foundation include a solid program expense ratio of 70.34%, demonstrating that a significant portion of its funds is directed towards its programs. Additionally, the organization has shown no material diversion of assets and maintains a favorable liabilities to assets ratio of 0.00%, suggesting sound financial management.
However, the overall rating indicates room for improvement in various areas to achieve a higher rating. While the foundation's governance is strong, other aspects related to overall financial health and program impact may still need to be addressed to enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is St Francis School Foundation Inc legitimate?
St Francis School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Francis School Foundation Inc 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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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of St Francis School Foundation Inc?
The St. Francis School Foundation Inc. was established with the primary objective of raising funds to financially support St. Francis Elementary School. The revenue generated from special events, fundraisers, and investments are utilized to provide financial aid to the school. This year, the foundation provided financial assistance for tuition aid and the purchase of necessary resources such as computers and school supplies, including a new dishwasher. Any excess funds are held for future school improvements and support. The foundation's main fundraising event is the annual golf tournament, with the proceeds contributing to the school's financial assistance.
Who is the CEO of St Francis School Foundation Inc?
Matt Billings is the President of St Francis School Foundation Inc.
What is the revenue of St Francis School Foundation Inc?
St Francis School Foundation Inc's revenue in 2022 was $32,188.
Who are the executives of St Francis School Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for St Francis School Foundation Inc?
St Francis School Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Francis School Foundation Inc
St. Francis School Foundation Inc was established with the primary objective of raising funds to financially support St. Francis Elementary School. This nonprofit organization leverages revenue from special events, fundraisers, and investment earnings to provide essential financial aid to the school. The mission of St. Francis School Foundation Inc is to ensure the school has the necessary resources to provide quality education and support to its students. This year, the foundation provided financial assistance for tuition aid, the purchase of computers and school supplies, and even a new dishwasher for the school. Any excess funds are being held in reserve to fund future school improvements and support. To raise funds, the foundation organized one major event, the annual golf tournament, and the proceeds from this event were used to further support the school's financial needs.
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Impact
August, 2024
St Francis School Foundation Inc has a significant impact on the St. Francis Elementary School in Bakersfield, CA. The foundation raises funds through various events and investments to provide financial support to the school. This support includes tuition assistance for students, the purchase of necessary equipment such as computers and school supplies, and facility improvements like a new dishwasher. Excess funds are being saved for future school enhancements and support. The foundation's annual golf tournament is a key fundraising event that contributes to these efforts. Through its mission, St Francis School Foundation Inc positively impacts the education and overall well-being of students at St. Francis Elementary School.
This information is meant to be a general summary of St Francis School Foundation Inc. 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: $44,683
- Gross Receipts: $365,433
Assets and Liabilities:
- Total Assets: $2,442,054
- Total Liabilities: $0
- Net Assets: $2,442,054
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Organization Details
Founding Year
1986
Principal Officer
Matt Billings
Main Address
2516 Palm Street, Bakersfield, CA, 93304
NTEE Category
Code: B24 - Education
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