Mount Saint Clare Education Foundation

Nonprofit profile at a glance

EIN
420745980
IRS 990 coverage
2010–2010
Forms available
Form 990 2010
Location
Clinton, IA, USA
Phone
5632427611
Rating confidence
Limited
Sector
University or Technological Institute

Reported finances

Revenue
$149,905
Expenses
$81,668
Assets
$2,743,746
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

6 people listed

Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To continue the long practice of offering scholarships to deserving students with financial need. The Foundation was established as the successor nonprofit/tax-deductible entity of The Franciscan University of the Prairies.

What it reported doing in 2010

The general purpose for which Mount Saint Clare Education Foundation is organized is the conduct and performance of religious, educational and charitable activities. Mount Saint Clare Education Foundation provides scholarships and support to students pursuing courses of study at institutions of instruction and learning. In 2010, $70,550 in scholarships were awarded to 59 students attending Ashford University in Clinton, Iowa. Ashford University certified that the amounts stipulated for each individual student by the Foundation was credited to that student's account. In 2010, $250 was given to the YWCA in Clinton, Iowa to be awarded to one student at the University of Iowa. The Foundation also sponsors and supports educational programs or courses of study at institutions of instruction and learning; creates, develops and delivers educational, extracurricular and religious programs and services for learners at all levels of preparation and at any geographic location; maintains and supports the members of the religious institute known as the Sisters of St. Francis in Clinton, Iowa, who are Roman Catholic religious women dedicated to the service of God, who give public witness through their public profession of vows of poverty, chastity and obedience.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 88
  • Sustainability: 92
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.6%; rating input score 100; 55th 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; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 45.5%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 33.6; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 87; 87th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 6 of 6 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $73K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • 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.

Key Signals

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

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.