Overview
What is Catholic Foundation Of South Georgia Inc?
Catholic Foundation of South Georgia Inc is a nonprofit organization that plays a crucial role in managing philanthropic funds entrusted to it. These donations are intended to support and advance the religious, charitable, and educational endeavors of the Catholic Diocese of Savannah, its schools, parishes, and associated agencies. Lenny Panzitta oversees the foundation's operations, ensuring that the donated assets are used effectively and aligned with the intended goals. The foundation's mission is to serve as a reliable steward, ensuring that these contributions make a meaningful impact in the community.
Official website here: www.diosav.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Catholic Foundation of South Georgia Inc has earned a Four-Star rating from Charity Navigator due to its high score of 92% in accountability and finance. This rating highlights the organization's strong financial health and commitment to transparency, making it a reliable choice for donors. The full score is attributed to its accountability measures, underscoring the foundation's effective governance.
The foundation boasts a fully independent board with 100% of its members being independent and a robust oversight committee that ensures audits and financial statements are properly managed. This is complemented by a low material diversion of assets and a high program expense ratio, indicating that a significant portion of its funds is directed towards its mission. Additionally, the organization performs well in areas such as liabilities to assets ratio and long-term working capital.
However, there are notable areas for improvement, particularly the absence of a whistleblower policy and a document retention and destruction policy, which resulted in a lower score in those specific categories. Despite these limitations, the foundation's overall strong performance in financial accountability and transparency makes it a trustworthy nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Foundation Of South Georgia Inc legitimate?
Catholic Foundation Of South Georgia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Foundation Of South Georgia 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.
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Official website here: www.diosav.org
What is the mission statement of Catholic Foundation Of South Georgia Inc?
The Catholic Foundation of South Georgia's mission is centered around providing effective stewardship of philanthropic assets. These assets are entrusted to the foundation by donors who have a desire to support and advance the religious, charitable, and educational endeavors of the Catholic Diocese of Savannah, its schools, parishes, and associated agencies. The foundation's role is to ensure these assets are utilized in a responsible and impactful manner, contributing to the betterment of these organizations.
Official website here: www.diosav.org
What is the revenue of Catholic Foundation Of South Georgia Inc?
Catholic Foundation Of South Georgia Inc's revenue in 2024 was $2,162,847.
Official website here: www.diosav.org
Who are the executives of Catholic Foundation Of South Georgia Inc and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.diosav.org
Where can I find the form 990 for Catholic Foundation Of South Georgia Inc?
Catholic Foundation Of South Georgia Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.diosav.org
Learn more at the official website: www.diosav.org
Mission Statement of Catholic Foundation Of South Georgia Inc
Catholic Foundation of South Georgia, in its mission, serves as a responsible custodian of philanthropic assets that are entrusted to it by donors who have a vested interest in supporting the religious, charitable, and educational endeavors of the Catholic Diocese of Savannah, its schools, parishes, and associated agencies. The primary objective of this nonprofit organization is to ensure that these assets are utilized effectively and efficiently to further the causes that its donors hold dear. By doing so, Catholic Foundation of South Georgia plays a pivotal role in advancing the religious, charitable, and educational works of the Catholic Diocese of Savannah, thereby making a meaningful impact in the community. Lenny Panzitta oversees the operations of the foundation.
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Impact
October, 2024
The Catholic Foundation of South Georgia Inc. plays a crucial role in advancing the religious, charitable, and educational initiatives of the Catholic Diocese of Savannah, as well as supporting its schools, parishes, and various agencies. By effectively managing and stewarding philanthropic assets entrusted to them by generous donors, the foundation ensures that these resources are utilized in alignment with the values and mission of the Catholic community.
The foundation’s impact is felt throughout the region, as it channels funds into vital programs and projects that enhance community welfare and support spiritual growth. From educational support for students in Catholic schools to funding for charitable outreach programs, the foundation’s efforts contribute significantly to the social fabric of the area. This commitment to stewardship not only fosters a culture of giving within the community but also reinforces the mission of the Catholic Church in Savannah, ensuring that its religious, charitable, and educational works thrive for the benefit of all.
This information is meant to be a general summary of Catholic Foundation Of South Georgia 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 2024.
- Investment Income: $870,655
- Gross Receipts: $2,162,847
Assets and Liabilities:
- Total Assets: $39,748,950
- Total Liabilities: $4,014,362
- Net Assets: $35,734,588
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Organization Details
Founding Year
2001
Principal Officer
Lenny Panzitta
Website
www.diosav.orgNTEE Category
Code: X22 - Religion related
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