Overview
What is Walla Walla Catholic School Endow Assoc?
Walla Walla Catholic School Endowment Association is a nonprofit organization situated in Walla Walla, Washington. Their primary mission is to invest their organizational assets to generate income, which is then distributed to support the local Catholic school system. This financial aid aids in funding the schools' current operations. This nonprofit association operates independently and aims to contribute to the educational sector within the local Catholic community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (67%)
The Walla Walla Catholic School Endowment Association has received a rating of Two Stars from Charity Navigator, indicating a need for improvement. The organization's overall score is 67%, which reflects strengths in areas such as having a fully independent board and a strong program expense ratio of 89.65%. This suggests that a substantial portion of their expenditures is directed towards their intended programs and services rather than administrative costs.
Despite these strengths, the organization has significant weaknesses that impact its overall score. Notably, it has not provided required financial statements or key governance policies, such as conflict of interest and whistleblower policies. These omissions have resulted in low scores in accountability and transparency categories, which are critical for building trust and demonstrating responsible financial management.
Additionally, while the association maintains a strong ratio of liabilities to assets at 0.00%, the lack of publicly available information, such as a website listed on their tax forms, raises concerns about their transparency and accessibility to stakeholders. Addressing these shortcomings could improve their ratings and enhance donor confidence in their operations.
This AI summary has been generated from information found on Charity Navigator.
Is Walla Walla Catholic School Endow Assoc legitimate?
Walla Walla Catholic School Endow Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walla Walla Catholic School Endow Assoc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Walla Walla Catholic School Endow Assoc?
The Walla Walla Catholic School Endowment Association's primary mission is to manage its assets for the benefit of the local Catholic school system. Their primary objective is to generate a current income, which is then distributed to support the operational expenses of these schools. The income generated from investments, after deducting minimal expenses, is channeled towards the Walla Walla Catholic schools to assist in their day-to-day operations.
What is the revenue of Walla Walla Catholic School Endow Assoc?
Walla Walla Catholic School Endow Assoc's revenue in 2023 was $531,146.
Who are the executives of Walla Walla Catholic School Endow Assoc and what are their salaries?
There 7 volunteers at Walla Walla Catholic School Endow Assoc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Walla Walla Catholic School Endow Assoc?
Walla Walla Catholic School Endow Assoc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Walla Walla Catholic School Endow Assoc
Walla Walla Catholic School Endowment Association is an organization with a mission to invest its assets for a specific purpose. Their objective is to generate a steady income, which is then distributed to support the current operations of the local Catholic school system. By doing so, they aim to provide financial assistance to these educational institutions, ensuring they can continue their operations effectively. The income generated from their investments, after accounting for nominal expenses, is the primary source of funding for the Walla Walla Catholic Schools. The association's role is instrumental in providing financial support to enhance the educational experiences of students in the local Catholic school system.
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Impact
July, 2024
The impact of Walla Walla Catholic School Endow Assoc is significant in providing ongoing financial support to the local Catholic school system in Walla Walla, Washington. Through strategic investment of assets, the organization generates income that is then distributed to help fund the operations of the Walla Walla Catholic Schools. By contributing to the financial stability of the schools, this endowment association plays a crucial role in ensuring the continuation of quality education within the community.
This information is meant to be a general summary of Walla Walla Catholic School Endow Assoc. 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 2023.
- Investment Income: $199,365
- Gross Receipts: $613,019
Assets and Liabilities:
- Total Assets: $8,091,735
- Total Liabilities: $0
- Net Assets: $8,091,735
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Organization Details
Founding Year
1977
Principal Officer
David Konen
NTEE Category
Code: B20J - Education
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