Overview
What is Bishop Kelly Foundation Inc?
Bishop Kelly Foundation Inc, based in Boise, Idaho, serves as a vital supporter of Bishop Kelly High School. Its primary mission is to uphold the school's quality and standards by providing funds for scholarships, operations, and capital improvements. The foundation operates under specific guidelines outlined in its bylaws, ensuring an annual distribution to Bishop Kelly High School. By doing so, the foundation contributes to the school's ongoing success and upholds its values and objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Bishop Kelly Foundation Inc has achieved a solid Three-Star rating from Charity Navigator, primarily based on its strong performance in Accountability & Finance. The foundation's score reflects a commitment to transparency and responsible financial management, which is crucial for building trust with donors and the community it serves.
One of the notable strengths of the foundation is its governance structure, with a fully independent board of 30 members and robust policies in place to prevent conflicts of interest. Additionally, the foundation has no material diversions of assets and maintains a healthy liabilities to assets ratio of just 0.11%, indicating sound financial health. The program expense ratio stands impressively at 93.73%, showcasing that the majority of its resources are directed towards its mission-driven programs.
While the overall rating is commendable, it is important for potential donors and stakeholders to remain aware of any areas for improvement. The foundation could benefit from continually reviewing its operational practices to enhance its engagement with the community and ensure that it is meeting its objectives effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Bishop Kelly Foundation Inc legitimate?
Bishop Kelly Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bishop Kelly 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: $77,474
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What is the mission statement of Bishop Kelly Foundation Inc?
The Bishop Kelly Foundation Inc's mission is centered around supporting the values and objectives of Bishop Kelly High School. Their primary goal is to provide funding for scholarships, operational expenses, and capital improvements, ensuring the school maintains its high standards and quality. This support is primarily directed towards Bishop Kelly High School, with the distribution amount determined by the Foundation's bylaws. The Foundation's activities are primarily focused on aiding the high school to thrive and continue its educational mission.
Who is the CEO of Bishop Kelly Foundation Inc?
Kim Malvick is the Executive Director of Bishop Kelly Foundation Inc.
What is the revenue of Bishop Kelly Foundation Inc?
Bishop Kelly Foundation Inc's revenue in 2022 was $3,286,112.
Who are the executives of Bishop Kelly Foundation Inc and what are their salaries?
Here are 31 key members and their salaries:
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Where can I find the form 990 for Bishop Kelly Foundation Inc?
Bishop Kelly Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bishop Kelly Foundation Inc
Bishop Kelly Foundation Inc is committed to upholding the values and objectives of Bishop Kelly High School. Their primary goal is to offer financial assistance in the form of scholarships, operational funding, and capital improvements. This support aims to maintain and enhance Bishop Kelly High School's standards and quality to the highest level. The foundation annually contributes to Bishop Kelly High School for general support, with the distribution amount determined by Bishop Kelly Foundation's bylaws.
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Impact
July, 2024
Bishop Kelly Foundation Inc's impact is in providing vital funding for scholarships, operations, and capital improvements that uphold Bishop Kelly High School's standards and quality at the highest level. By supporting the values and objectives of Bishop Kelly High School, the foundation plays a crucial role in ensuring that students have access to quality education and resources. Additionally, the foundation's annual distributions directly benefit Bishop Kelly High School, contributing to its continued success and growth. Through its focus on education, Bishop Kelly Foundation Inc positively impacts the lives of students and the overall community in Boise, Idaho.
This information is meant to be a general summary of Bishop Kelly 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: $950,135
- Gross Receipts: $6,309,776
Assets and Liabilities:
- Total Assets: $16,009,811
- Total Liabilities: $10,820
- Net Assets: $15,998,991
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Organization Details
Founding Year
1976
Phone
(208) 323-4789Principal Officer
Kim Malvick
Main Address
7009 FRANKLIN ROAD, BOISE, ID, 83709
NTEE Category
Code: B82 - Education
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