Overview
What is St Marks School Foundation Inc?
St. Marks School Foundation Inc is a nonprofit organization situated in Boise, Idaho. Its primary goal is to ensure affordable, high-quality Catholic education for current and future generations. To achieve this, the foundation utilizes investment advisors to safeguard and expand its corpus during the COVID-19 pandemic. The funds generated are allocated towards acquiring and maintaining computer hardware, software, and other educational resources for St. Mark's Elementary School. Additionally, the foundation provides scholarships to support students. Overall, St. Marks School Foundation Inc serves as a vital pillar in the community, ensuring access to quality education for its youth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
St Marks School Foundation Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. With an overall score of 83%, the organization demonstrates effective governance, as evidenced by its 100% independent board members and a robust conflict of interest policy. The absence of material diversions of assets and the documentation of board meeting minutes further contribute to its high accountability score.
The foundation also excels in financial health, showcasing an impressive program expense ratio of 94.53%. This indicates that a significant majority of its funds are directed towards its programs rather than administrative costs, which is a positive sign of operational efficiency. Additionally, the foundation maintains a commendable liabilities to assets ratio of 0.00%, suggesting a strong financial position.
While the foundation shows numerous strengths, the Three-Star rating implies potential areas for improvement. Stakeholders and potential donors may want to delve deeper into the organization’s operational strategies and program impact to ensure alignment with their philanthropic goals. Overall, St Marks School Foundation Inc appears to be a well-managed nonprofit with a commitment to transparency and effective financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is St Marks School Foundation Inc legitimate?
St Marks School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Marks 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of St Marks School Foundation Inc?
The St. Mark's School Foundation's mission is centered around ensuring that high-quality, affordable Catholic education is accessible to current and future generations. To accomplish this, the foundation provides support during challenging times, such as the COVID-19 pandemic, by utilizing investment advisors to safeguard and grow its assets. The primary goal is to preserve these investments, which subsequently fund St. Mark's Elementary School, enabling the acquisition and maintenance of essential educational resources, including computer hardware, software, and learning materials. Furthermore, the foundation offers scholarships to support deserving students.
Who is the CEO of St Marks School Foundation Inc?
Kevin Martin is the Treasurer of St Marks School Foundation Inc.
What is the revenue of St Marks School Foundation Inc?
St Marks School Foundation Inc's revenue in 2022 was $94,895.
Who are the executives of St Marks School Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for St Marks School Foundation Inc?
St Marks School Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Marks School Foundation Inc
St. Mark's School Foundation Inc is committed to ensuring that high-quality, affordable Catholic education is accessible to current and future generations. Through its mission, the organization aims to provide the necessary support to maintain the educational standards at St. Mark's Elementary School, particularly during challenging times such as the COVID-19 pandemic. To achieve this, the Foundation utilizes investment advisors to safeguard and expand its corpus. The funds generated from these investments are allocated towards acquiring and maintaining computer hardware, software, and other educational resources for the school. Additionally, the Foundation contributes to scholarships, ensuring that financially disadvantaged students can also benefit from the Catholic education St. Mark's School offers.
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Impact
October, 2024
St. Mark's School Foundation Inc. significantly impacts the community by ensuring access to quality, affordable Catholic education for current and future generations. During the challenges posed by the COVID-19 pandemic, the Foundation has actively protected and nurtured its financial resources through smart investment strategies. This prudent management of funds enables the continued support of St. Mark's Elementary School, specifically targeting the acquisition and maintenance of essential computer hardware, software, and educational materials. Furthermore, by providing scholarships, the Foundation helps break down financial barriers, ensuring that a Catholic education remains attainable for all students in Boise, ID. The Foundation's efforts contribute to a robust educational environment that fosters growth, learning, and community engagement.
This information is meant to be a general summary of St Marks 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: $28,843
- Gross Receipts: $100,626
Assets and Liabilities:
- Total Assets: $614,954
- Total Liabilities: $0
- Net Assets: $614,954
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Organization Details
Founding Year
1989
Phone
(208) 375-6654Principal Officer
Kevin Martin
Main Address
7503 NORTHVIEW, BOISE, ID, 83704
NTEE Category
Code: B24 - Education
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