Overview
What is Mark Stephen Gallo Memorial Fund?
The Mark Stephen Gallo Memorial Fund is a nonprofit organization, located in Modesto, California. Its primary mission is to support the educational purpose of Central Catholic High School by utilizing its net income for the maintenance and operation of the school. The fund's activities are centered around this educational goal, aiming to contribute positively to the institution and its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, earning it a Two-Star out of Four Star rating. This rating indicates that the Mark Stephen Gallo Memorial Fund has room for improvement in its overall accountability and financial practices. The organization scored particularly well on program expense ratio, allocating nearly 80% of its funds to programs, demonstrating a strong commitment to its mission.
Strengths identified include a majority of independent board members, which suggests a commitment to governance and oversight. However, the organization lacks essential policies like conflict of interest, whistleblower, and document retention, which are critical for maintaining transparency and accountability. Additionally, the absence of its website on the tax form and failure to post essential documents on its site raised concerns regarding its communication with stakeholders.
The financial health of the organization appears stable, with a 0% liabilities to assets ratio indicating no debt. However, the overall low score in accountability reflects significant governance issues that need addressing to build trust among donors and supporters. Improving these areas could lead to a more favorable evaluation in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mark Stephen Gallo Memorial Fund legitimate?
Mark Stephen Gallo Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mark Stephen Gallo Memorial Fund 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 Mark Stephen Gallo Memorial Fund?
The Mark Stephen Gallo Memorial Fund's mission is centered around supporting the educational purpose of Central Catholic High School. Specifically, the fund utilizes its entire income to contribute to the maintenance and operation of the school. This ongoing support underscores its commitment to the educational well-being of the students and the institution as a whole.
Who is the CEO of Mark Stephen Gallo Memorial Fund?
Robert E Lubeck is the Trustee of Mark Stephen Gallo Memorial Fund.
What is the revenue of Mark Stephen Gallo Memorial Fund?
Mark Stephen Gallo Memorial Fund's revenue in 2023 was $53,663.
Who are the executives of Mark Stephen Gallo Memorial Fund and what are their salaries?
There 4 volunteers at Mark Stephen Gallo Memorial Fund.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mark Stephen Gallo Memorial Fund?
Mark Stephen Gallo Memorial Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mark Stephen Gallo Memorial Fund
The Mark Stephen Gallo Memorial Fund is an organization with a mission to support the educational purpose of Central Catholic High School. This mission is accomplished by utilizing the entire income generated by the trust for the maintenance and operation of the school. In essence, the fund serves as a crucial financial backbone, ensuring the school's continued operation and educational services. The Memorial Fund's dedication to Central Catholic High School's educational mission is instrumental in providing a conducive learning environment for its students.
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Impact
October, 2024
The Mark Stephen Gallo Memorial Fund significantly enhances the educational experience at Central Catholic High School in Modesto, CA. By providing vital financial support for the maintenance and operation of the school, the fund ensures that students have access to a quality education and a nurturing environment. Its entire net income is directed towards meeting the school's ongoing needs, allowing for improvements in facilities, educational resources, and extracurricular activities. This commitment to education not only fosters academic excellence but also strengthens the community by promoting values aligned with the school's mission. Through its enduring support, the fund helps cultivate future leaders and reinforces the importance of religious and moral education among students.
This information is meant to be a general summary of Mark Stephen Gallo Memorial Fund. 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: $53,663
- Gross Receipts: $177,126
Assets and Liabilities:
- Total Assets: $709,106
- Total Liabilities: $0
- Net Assets: $709,106
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Organization Details
Founding Year
1978
Phone
(209) 341-5393Principal Officer
Robert E Lubeck
Main Address
PO BOX 1130, MODESTO, CA, 95353
NTEE Category
Code: X22J - Religion related
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