Overview
What is Monks Of Norcia Foundation C/O Frank Marchetti?
Monks of Norcia Foundation C/O Frank Marchetti is a nonprofit organization situated in Norwalk, Connecticut, specifically at 66 Shorefront Park. Its primary purpose is to offer support to approximately twenty monks of the Benedictine Order residing at Monastero di San Benedetto in Norcia, Italy, as well as occasional visitors. The organization's mission encompasses sustaining the work and activities of the Benedictine monks, with a significant focus on Monastero di San Benedetto in Monte, Italy. This support may include various aspects, such as funding for daily needs, projects, or initiatives, ultimately contributing to the overall well-being and mission of the Benedictine Order.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
The Monks Of Norcia Foundation has received a Two-Star rating from Charity Navigator, primarily based on a strong accountability and finance score. The foundation excels in several areas, including having a fully independent board and a high program expense ratio, indicating that a significant portion of their funds is directed towards their mission-related activities. Their commitment to transparency is highlighted by the presence of a documented conflict of interest policy and comprehensive oversight measures.
Despite these strengths, the foundation's rating reflects some concerns, particularly regarding their liabilities to assets ratio, which scored low at 0 out of 15 points. This suggests potential financial stability issues that may impact their long-term sustainability. While the organization's governance and financial practices are sound, the fiscal health indicated by this ratio could be a point of consideration for potential donors.
Overall, while the Monks Of Norcia Foundation demonstrates a strong commitment to accountability and effective use of resources, potential supporters may want to consider the implications of their financial ratios in the context of their ongoing support.
This AI summary has been generated from information found on Charity Navigator.
Is Monks Of Norcia Foundation C/O Frank Marchetti legitimate?
Monks Of Norcia Foundation C/O Frank Marchetti is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monks Of Norcia Foundation C/O Frank Marchetti 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 Monks Of Norcia Foundation C/O Frank Marchetti?
The Monks Of Norcia Foundation's mission is to support the work and activities of monks belonging to the Benedictine Order, with a focus on Monastero di San Benedetto in Monte Norcia, Italy. This support is not limited to this specific monastery and extends to the order's activities as a whole. The primary objective of the foundation is to provide aid to the approximately 20 monks and occasional visitors residing at Monastero di San Benedetto, ensuring they can carry out their religious duties and live in a suitable environment. The foundation may also contribute to various initiatives and projects undertaken by the Benedictine Order.
Who is the CEO of Monks Of Norcia Foundation C/O Frank Marchetti?
William Dee is the President of Monks Of Norcia Foundation C/O Frank Marchetti.
What is the revenue of Monks Of Norcia Foundation C/O Frank Marchetti?
Monks Of Norcia Foundation C/O Frank Marchetti's revenue in 2023 was $1,848,368.
Who are the executives of Monks Of Norcia Foundation C/O Frank Marchetti and what are their salaries?
Here are 9 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
- Compensation: $0
- Related: $0
- Other: $0
- 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 Monks Of Norcia Foundation C/O Frank Marchetti?
Monks Of Norcia Foundation C/O Frank Marchetti's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Monks Of Norcia Foundation C/O Frank Marchetti
The Monks of Norcia Foundation, spearheaded by Frank Marchetti, is dedicated to supporting the work and activities of the Benedictine Order, primarily focusing on the Monastery of San Benedetto in Monte Norcia, Italy. The organization's mission is to provide assistance to the approximately 20 monks residing at this monastery, as well as occasional visitors, ensuring the continuation and success of their spiritual and communal endeavors. The Monks of Norcia Foundation serves as a vital source of support for this religious community, enabling them to maintain their religious practices, conduct their daily lives, and contribute to the broader Benedictine Order. By providing this essential backing, the foundation contributes to the preservation of the monastic tradition and spiritual legacy of the Benedictine Order.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Monks Of Norcia Foundation C/O Frank Marchetti has a significant impact by providing support to the approximately 20 monks, and occasional visitors, of the Benedictine Order residing at the Monastero di San Benedetto in Norcia, Italy. Their support allows the monks to continue their spiritual work and activities, maintaining the traditions of the Benedictine Order. Through their mission, they contribute to the preservation and growth of this spiritual community, fostering a place of reflection and prayer for all who visit.
This information is meant to be a general summary of Monks Of Norcia Foundation C/O Frank Marchetti. 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: $57,036
- Gross Receipts: $15,584,807
Assets and Liabilities:
- Total Assets: $2,184,219
- Total Liabilities: $1,576,367
- Net Assets: $607,852
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1999
Phone
(203) 967-3116Principal Officer
William Dee
Main Address
66 SHOREFRONT PARK, NORWALK, CT, 06854
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Monks Of Norcia Foundation C/O Frank Marchetti and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.