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Education : Scholarship and Financial Support

Catholic Schools Foundation

Building minds, changing lives

four stars

91.50

67 Batterymarch Street 6th Floor
Boston, MA 02110
tel: (617) 778-5981   Web Site
EIN: 22-2485502

Board Leadership
Seán Cardinal O'Malley
Chairman

CEO
Michael B. Reardon
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 91.50 four stars
  Financial 88.67 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.

CSF changes lives by providing families with demonstrated financial need an opportunity to give their sons and daughters a quality education, focused on Christian values and character formation at Catholic Schools located throughout the Archdiocese of Boston, regardless of race, religion, ethnicity or gender.

CSF changes lives by providing families with demonstrated financial need an opportunity to give their sons and daughters a quality education, focused on Christian values and character formation at Catholic Schools located throughout the Archdiocese of Boston, regardless of race, religion, ethnicity or gender.

Impact Information

GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact.  GuideStar has recognized this organization with a Platinum Seal of Transparency for voluntarily and publicly sharing information about how they measure their progress and results.  Learn More about Impact Information.
Reported Results
Total in 2017
Number of students who receive scholarship funds and/or tuition assistance
4,000
Number of high school seniors who graduate from high school on time
100
Number of seniors who pursue Post-secondary Educational opportunities
98
This impact information is current as of October 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

88.67

Accountability & Transparency

four stars

96.00

This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
92.0%
  Administrative Expenses 3.8%
  Fundraising Expenses 4.0%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 3.94
  Program Expenses Growth 1.2%
  Liabilities to Assets 13.9%
All data for Financial Performance Metrics calculations was provided by Catholic Schools Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Catholic Schools Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Catholic Schools Foundation (MA) 91.50 four stars
Thurgood Marshall College Fund (DC) 92.15 four stars
Great Aspirations Scholarship Program (VA) 97.17 four stars
Children of Fallen Patriots Foundation (VA) 97.74 four stars
NBCC Foundation (NC) 86.21 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $21,534,862
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $2,039,880
   Related Organizations $0
   Government Grants $0
Total Contributions $23,574,742
   Program Service Revenue $0
Total Primary Revenue $23,574,742
   Other Revenue $3,402,134
TOTAL REVENUE $26,976,876
   
EXPENSES  
   Program Expenses $10,941,259
   Administrative Expenses $426,598
   Fundraising Expenses $505,614
TOTAL FUNCTIONAL EXPENSES $11,873,471
   
Payments to Affiliates $0
Excess (or Deficit) for the year $15,103,405
   
Net Assets $81,313,827

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarship Awards $9,127,390 83.4%
Leadership Program $600,000 5.5%
Technology and Marketing Support to Schools $426,350 3.9%

Ratings History
Catholic Schools Foundation has received 5 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 09/03/2019 91.50 four stars
2017-06 08/01/2018 96.08 four stars
2016-06 12/01/2017 95.01 four stars
2015-06 10/01/2016 97.98 four stars
2014-06 06/01/2016 95.88 four stars
 
CN 2.0
2014-06 04/01/2016 88.31 three stars
2014-06 11/01/2015 87.30 three stars
2013-06 10/01/2014 88.83 three stars
2012-06 11/01/2013 88.09 three stars
2011-06 09/01/2012 85.03 three stars
2010-06 09/20/2011 86.18 three stars
 
CN 1.0
2009-06 10/01/2010 79.13 two stars
2008-06 12/01/2009 89.29 three stars
2007-06 03/01/2009 94.70 four stars
2006-06 09/01/2007 92.21 four stars
2005-06 11/01/2006 78.72 two stars
2004-06 11/01/2005 83.10 three stars
2003-06 11/01/2004 86.93 three stars
2002-06 10/01/2003 98.50 four stars
2001-06 04/15/2003 99.27 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 22-2485502
Name in IRS Master File CATHOLIC SCHOOLS FOUNDATION INC
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 1984
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$175,819 1.48% Michael Reardon Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Catholic Schools Foundation (MA) 91.50 four stars
Alliance for Education (WA) 86.99 three stars
ACE Scholarships (CO) 96.66 four stars
District of Columbia College Access Program (DC) 86.80 three stars
The Francis Ouimet Scholarship Fund (MA) 89.54 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Catholic Schools Foundation
67 Batterymarch Street
6th Floor
Boston, MA 02110
tel: (617) 778-5981
fax: (617) 778-5980
EIN: 22-2485502

Visit Web Site

Board Leadership

Seán Cardinal O'Malley
Chairman

CEO

Michael B. Reardon
Executive Director

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