Overview
What is St Mary's School Foundation?
St. Mary's School Foundation is a nonprofit organization situated in Spokane Valley, Washington, dedicated to supporting a specific educational institution - St. Mary's Catholic School. The primary mission of this organization is to establish an endowment fund, ensuring the school's financial sustainability and educational excellence. By doing so, St. Mary's School Foundation aims to contribute significantly to the community's educational landscape and the future of its students.
Official website here: www.stmarysspokane.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
St Mary's School Foundation received a three-star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The foundation achieved a perfect score in several key areas, including having a majority of independent board members and a strong program expense ratio, indicating effective use of funds towards its mission. The overall score is derived entirely from its accountability and finance beacon which demonstrates a strong commitment to transparency.
However, the foundation has noted limitations in governance practices, particularly the absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy. These missing policies contributed to a lower score in governance criteria, which is critical for maintaining trust and ethical practices within nonprofit organizations.
Despite these areas for improvement, St Mary's School Foundation demonstrates a commendable financial standing with no liabilities and a dedicated focus on program expenses, suggesting that it is effectively fulfilling its mission to serve its community. Continued efforts to enhance governance policies could further strengthen its overall rating and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is St Mary's School Foundation legitimate?
St Mary's School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Mary's School Foundation 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
Official website here: www.stmarysspokane.org
What is the mission statement of St Mary's School Foundation?
The St. Mary's School Foundation's mission is centered around establishing an endowment, with the primary aim of supporting a Catholic school. This organization operates with the objective of providing sustained financial assistance to St. Mary's Catholic School, ensuring its continued operation and growth. The foundation does not specify any particular goals beyond this endowment establishment, but its purpose is clear: to support the educational institution in question.
Official website here: www.stmarysspokane.org
Who is the CEO of St Mary's School Foundation?
Ben Walker is the Vice President of St Mary's School Foundation.
Official website here: www.stmarysspokane.org
What is the revenue of St Mary's School Foundation?
St Mary's School Foundation's revenue in 2023 was $72,503.
Official website here: www.stmarysspokane.org
Who are the executives of St Mary's School Foundation and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.stmarysspokane.org
Where can I find the form 990 for St Mary's School Foundation?
St Mary's School Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.stmarysspokane.org
Learn more at the official website: www.stmarysspokane.org
Mission Statement of St Mary's School Foundation
St. Mary's School Foundation is an organization dedicated to supporting St. Mary's Catholic School in its educational endeavors. Their mission, in essence, involves establishing an endowment to ensure the school's continued success and growth. By doing so, they aim to contribute to the educational journey of the students attending St. Mary's Catholic School. This commitment to the school's well-being underpins their overall objective of fostering a conducive learning environment and sustaining the school's legacy in the educational sphere.
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Impact
August, 2024
St Mary's School Foundation has a significant impact on supporting St. Mary's Catholic School in Spokane Valley, WA. By establishing an endowment specifically for this school, the Foundation ensures the continued development and success of the educational institution. Through their efforts, they contribute to the growth and sustainability of St. Mary's Catholic School, ultimately benefiting the students, staff, and the community as a whole.
This information is meant to be a general summary of St Mary's School Foundation. 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: $29,968
- Gross Receipts: $162,768
Assets and Liabilities:
- Total Assets: $1,601,132
- Total Liabilities: $0
- Net Assets: $1,601,132
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Organization Details
Founding Year
1980
Phone
(509) 924-4300Principal Officer
Ben Walker
Main Address
14601 E 4TH AVE, SPOKANE VALLEY, WA, 99216
Website
www.stmarysspokane.orgNTEE Category
Code: B11 - Education
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