Benedictine Schools Educational Foundation

Nonprofit profile at a glance

EIN
453960058
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Richmond, VA, USA
Phone
8047089500
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$13,986,309
Expenses
$9,960,146
Assets
$41,733,970
Liabilities
$15,942,339

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

25 people listed

People named in this filing

  • RADM ALLIE LESLIE (CHAIR)
  • MATT J GADAMS (VICE CHAIR)
  • CHRIS KEEGAN (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To accept, receive and manage real and personal property, income, and monies for the benefit of and to carry out the purposes of benedictine schools of richmond, dba benedictine college preparatory and saint gertrude high school.

What it reported doing in 2024

To provide financial support to the benedictine schools of richmond's academic programs, facilities development, scholarships, and other programs as designated by the schools.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.4%; rating input score 71
  • Program expense ratio: 98.5%; rating input score 99
  • Fundraising efficiency: $3,149.7 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 43rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 28.8%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 4.19; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 17.9% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 15.8% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 19.1% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 71.4% of revenue deployed · 98.5% of spending went to programs
  • Governance: 25 of 25 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $9.8M in reported program spending
  • Leadership: top reported pay $0 · 25 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.