Overview
What is Ursuline High School Endowment Fund Inc?
Ursuline High School Endowment Fund Inc, based in Youngstown, Ohio, serves as a dedicated support organization for Ursuline High School, a college-preparatory institution under the Roman Catholic Diocese of Youngstown. Their primary mission is to provide scholarship aid to selected students of the school through direct payments to the institution, as approved by their board of directors. This endowment fund operates exclusively for the betterment of Ursuline High School, aiming to help deserving students with their educational expenses.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
The Ursuline High School Endowment Fund Inc has achieved a Three-Star rating from Charity Navigator, reflecting a commendable accountability and finance score of 75%. This rating is significant as it indicates a solid level of reliability in how the organization manages its funds and adheres to best practices in governance.
The organization demonstrates strong governance with 100% of its board members being independent, along with a well-sized board of seven members. It also excels in financial management, boasting a zero liabilities to assets ratio and a program expense ratio of 83.27%, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs.
While the organization shows strength in accountability and financial practices, the overall rating is solely based on financial metrics, which may limit insights into other operational aspects. Nonetheless, the absence of material asset diversion and the presence of comprehensive policies reflect positively on its governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Ursuline High School Endowment Fund Inc legitimate?
Ursuline High School Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ursuline High School Endowment Fund 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Ursuline High School Endowment Fund Inc?
The Ursuline High School Endowment Fund Inc is an organization established to support Ursuline High School, a college-preparatory institution. Its primary mission is to provide scholarship aid to selected students of the school. This is done through direct payments made to the school, as approved by the fund's board of directors. The endowment fund's purpose is to benefit Ursuline High School, contributing to its educational mission and the futures of its students. It serves as a vital source of financial assistance, enabling deserving students to pursue their academic endeavors.
Who is the CEO of Ursuline High School Endowment Fund Inc?
Rev Richard Murphy is the Vice President of Ursuline High School Endowment Fund Inc.
What is the revenue of Ursuline High School Endowment Fund Inc?
Ursuline High School Endowment Fund Inc's revenue in 2022 was $730,197.
Who are the executives of Ursuline High School Endowment Fund Inc and what are their salaries?
There 10 volunteers at Ursuline High School Endowment Fund Inc.
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Where can I find the form 990 for Ursuline High School Endowment Fund Inc?
Ursuline High School Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ursuline High School Endowment Fund Inc
Ursuline High School Endowment Fund Inc, a dedicated organization, was established with a singular focus on supporting Ursuline High School, a prestigious college preparatory institution in an unspecified location. The fund's mission is to serve this school by providing scholarship aid to selected students. This aid is offered in the form of direct payments made to the school, as approved by the fund's board of directors. The ultimate goal of Ursuline High School Endowment Fund Inc is to contribute to the educational growth and success of its students, thereby supporting the school's overall mission.
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Impact
July, 2024
The Ursuline High School Endowment Fund Inc's impact lies in providing scholarship aid to selected students of Ursuline High School in Youngstown, Ohio. By offering financial support in the form of direct payments to the school, approved by the Board of Directors, the organization helps students access quality education at a college preparatory high school within the Roman Catholic Diocese of Youngstown. This assistance contributes to the educational advancement and opportunities for students, ultimately fostering a brighter future for the young individuals who benefit from the fund.
This information is meant to be a general summary of Ursuline High School Endowment Fund 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: $250,704
- Gross Receipts: $730,197
Assets and Liabilities:
- Total Assets: $7,457,779
- Total Liabilities: $0
- Net Assets: $7,457,779
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Organization Details
Founding Year
2016
Phone
(330) 744-4563Principal Officer
Rev Richard Murphy
Main Address
750 WICK AVENUE, YOUNGSTOWN, OH, 44505
NTEE Category
Code: B11 - Education
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