Overview
What is Calvary Fund Inc?
Calvary Fund Inc, established in 1985 in New York, is a not-for-profit organization with a primary mission to gather public donations to bolster the tax-exempt mission of Calvary Hospital. The fund's resources are exclusively allocated to support health-related charitable organizations affiliated with the Roman Catholic Archdiocese of New York. In 2022, Calvary Fund Inc contributed $3,030,000 towards its supported organization, Calvary Hospital. The organization operates with a modest workforce of 12 individuals, dedicated to their charitable cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Star rating (55%)
Calvary Fund Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its financial management and program effectiveness. The organization scored poorly in areas such as Program Expense Ratio and Fundraising Efficiency, which raises questions about how effectively it utilizes its resources to achieve its mission. Despite having a strong leadership and governance structure, the financial metrics suggest it may not be maximizing its impact.
On the positive side, Calvary Fund is notable for its high level of accountability, with 94% of its board members being independent. The organization has robust policies in place for conflict of interest, whistleblower protection, and document retention. Additionally, it has shown strong performance in leadership adaptability and has no reported issues with the diversion of assets.
However, the limitations highlighted in the data, particularly the low Program Expense Ratio and fundraising efficiency, suggest that improvements are needed in operational effectiveness and impact measurement. To enhance its overall rating and better serve its community, Calvary Fund may benefit from re-evaluating its financial strategies and focusing on better program outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Calvary Fund Inc legitimate?
Calvary Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calvary Fund Inc 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: $532,771
Professional Fundraising Fees: $588,689
Other Salaries and Wages: $647,003
For more financial information, click here
What is the mission statement of Calvary Fund Inc?
Calvary Fund Inc's mission is centered around raising public funds to support the tax-exempt mission of Calvary Hospital. The primary objective of Calvary Fund is to gather contributions, primarily in the form of property and income, for any health-related charitable organization affiliated with the Roman Catholic Archdiocese of New York. The funds raised are utilized exclusively for charitable purposes. The organization's expenses related to fundraising activities are reported under a specific category, and only the annual contribution to Calvary Hospital is considered a program service expense. The Calvary Fund's role is instrumental in supporting the charitable activities of Calvary Hospital.
Who is the CEO of Calvary Fund Inc?
Frank A Calamari is the Principal Officer of Calvary Fund Inc.
What is the revenue of Calvary Fund Inc?
Calvary Fund Inc's revenue in 2022 was $6,733,200.
Who are the executives of Calvary Fund Inc and what are their salaries?
The average compensation at Calvary Fund Inc during 2022 was $98,314. There are 12 employees at Calvary Fund Inc.
Here are 24 key members and their salaries:
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- Other: $35,221
Where can I find the form 990 for Calvary Fund Inc?
Calvary Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Calvary Fund Inc
Calvary Fund Inc, a not-for-profit organization established in 1985, is dedicated to raising public funds to support the tax-exempt mission of Calvary Hospital. The primary objective of Calvary Fund is to gather contributions, both in the form of real and personal property, and income derived from these contributions. These funds are then allocated exclusively towards any health-related charitable organizations affiliated with the Roman Catholic Archdiocese of New York. It's important to note that all expenses incurred in the process of fundraising are reported under Part IX, Column (D), making the annual contribution of $3,030,000 to Calvary Hospital the only reported program service expense by Calvary Fund Inc. In essence, Calvary Fund Inc serves as a vital financial backbone, enabling its affiliated health-related charitable organizations to carry out their mission effectively.
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Impact
August, 2024
Calvary Fund Inc's impact lies in raising public funds to support Calvary Hospital's tax-exempt mission, with a focus on health-related charitable organizations affiliated with the Roman Catholic Archdiocese of New York. Through its fundraising endeavors, Calvary Fund Inc plays a crucial role in providing financial support to Calvary Hospital, enabling the hospital to continue its important work in healthcare services. This support ultimately contributes to the hospital's ability to deliver essential care and services to those in need, making a positive impact on the community's health and well-being.
This information is meant to be a general summary of Calvary Fund Inc. 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 2022.
- Investment Income: $547,900
- Gross Receipts: $7,293,600
Assets and Liabilities:
- Total Assets: $34,903,500
- Total Liabilities: $2,580,100
- Net Assets: $32,323,400
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Organization Details
Founding Year
1985
Phone
(718) 518-2069Principal Officer
Frank A Calamari
Main Address
1740 EASTCHESTER ROAD, BRONX, NY, 104612392
NTEE Category
Code: E110 - Health
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