Overview
What is Salem Catholic Schools Foundation?
The Salem Catholic Schools Foundation, situated in Salem, Oregon, is a nonprofit organization with a primary focus on offering financial aid to five local Catholic schools. By providing monetary support, this foundation plays a crucial role in ensuring the educational continuity of these institutions. Based in Suite 102 at 1850 45th Avenue NE, the foundation's mission is deeply rooted in the belief that every student deserves access to quality education, regardless of their financial background.
Official website here: www.salemcatholicschools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Salem Catholic Schools Foundation has received a 77% rating, earning it a Three-Star designation from Charity Navigator. This score reflects a strong performance in the Accountability & Finance category, primarily due to the foundation's effective governance and financial practices. Notably, the organization boasts a fully independent board and maintains a commendable ratio of program expenses, with 94.16% of its expenditures directed toward its initiatives.
Strengths of the foundation include its robust oversight mechanisms, as indicated by its lack of material diversion of assets and the presence of a conflict of interest policy. Additionally, the foundation’s liabilities to assets ratio stands at an excellent 0.00%, which suggests sound financial health and sustainability. The documentation of board meeting minutes and a comprehensive document retention policy further demonstrate a commitment to transparency and accountability.
However, a significant limitation noted in the evaluation is the absence of a whistleblower policy, which could enhance the foundation's governance framework by providing a means for reporting unethical behavior. While the overall financial health and governance practices are strong, addressing this gap could improve the foundation's accountability measures further.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Catholic Schools Foundation legitimate?
Salem Catholic Schools Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Catholic Schools 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.
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Official website here: www.salemcatholicschools.org
What is the mission statement of Salem Catholic Schools Foundation?
The Salem Catholic Schools Foundation, as per its mission, contributes financially to five Catholic schools located in the Salem area. Its primary objective is to provide these educational institutions with the necessary resources to thrive and continue delivering quality education. The foundation's activities are centered around offering monetary support, contributing to the overall well-being and success of these schools. By doing so, the Salem Catholic Schools Foundation plays a crucial role in ensuring that Catholic education remains accessible and viable in the local community.
Official website here: www.salemcatholicschools.org
Who is the CEO of Salem Catholic Schools Foundation?
Kevin Mannix is the President of Salem Catholic Schools Foundation.
Official website here: www.salemcatholicschools.org
What is the revenue of Salem Catholic Schools Foundation?
Salem Catholic Schools Foundation's revenue in 2022 was $930,497.
Official website here: www.salemcatholicschools.org
Who are the executives of Salem Catholic Schools Foundation and what are their salaries?
There 11 volunteers at Salem Catholic Schools Foundation.
Here are 11 key members and their salaries:
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Official website here: www.salemcatholicschools.org
Where can I find the form 990 for Salem Catholic Schools Foundation?
Salem Catholic Schools Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.salemcatholicschools.org
Learn more at the official website: www.salemcatholicschools.org
Mission Statement of Salem Catholic Schools Foundation
The Salem Catholic Schools Foundation is dedicated to supporting financially the five Catholic schools located in the Salem area. Its mission is to provide these institutions with essential monetary resources, thereby contributing to their operation and growth. By offering financial aid, the foundation ensures that these schools can continue to deliver quality education to their students, thereby upholding the values and principles of Catholic education. The Salem Catholic Schools Foundation plays a crucial role in maintaining the financial stability of these schools, enabling them to provide a nurturing and enriching learning environment for their pupils.
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Impact
July, 2024
The Salem Catholic Schools Foundation's impact can be seen in the financial support it provides to five Catholic schools in the Salem area. By offering monetary assistance, the foundation facilitates the continued operation and growth of these educational institutions. This support directly contributes to the schools' abilities to maintain their academic programs, facilities, and resources, ultimately benefiting the students, staff, and the community as a whole. Through its mission of providing financial assistance, the foundation plays a critical role in ensuring access to quality Catholic education in the Salem area.
This information is meant to be a general summary of Salem Catholic Schools 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 2022.
- Investment Income: $104,147
- Gross Receipts: $930,497
Assets and Liabilities:
- Total Assets: $4,818,520
- Total Liabilities: $0
- Net Assets: $4,818,520
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Organization Details
Founding Year
1978
Phone
(503) 370-9068Principal Officer
Kevin Mannix
Main Address
1850 45th Ave NE Suite 102, Salem, OR, 97305
Website
www.salemcatholicschools.orgNTEE Category
Code: B20I - Education
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