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Priesthood Support Foundation Inc

Hoi Tuong Tro Linh Muc Huu Duong Vn

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202579869 ✦ Garden grove, CA ✦ Designated as a 501(c)(3)

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Overview

What is Priesthood Support Foundation Inc?

The Priesthood Support Foundation Inc is a nonprofit organization that is committed to providing financial assistance to retired and infirm Catholic priests, nuns, brothers, and religious orders and congregations. Their mission is centered around offering financial support, aiming to alleviate the financial burdens faced by these individuals during their later years. The organization is dedicated to ensuring the well-being and care of these religious figures, thereby strengthening their communities and the broader Catholic faith.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 0 Stars (37%)

The Priesthood Support Foundation Inc has received a low rating of 37%, resulting in a Zero-Star out of Four Stars status. This rating is derived solely from the Accountability & Finance beacon, indicating significant concerns regarding the charity's financial transparency and accountability. While the organization has a fully independent board, which is a positive aspect, the lack of financial statements severely impacts the overall score.

The foundation has established solid governance policies, including a conflict of interest policy and a whistleblower policy, both of which were noted as being in place. However, the absence of critical financial documentation, such as program expense ratios and tax forms on their website, raises red flags about the organization’s operational transparency.

Overall, while the organization shows some strengths in governance, the lack of financial reporting, evidenced by the 0% scores in key financial metrics, suggests that potential donors should exercise caution and seek further information before contributing.


This AI summary has been generated from information found on Charity Navigator.

Is Priesthood Support Foundation Inc legitimate?

Priesthood Support Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Priesthood Support Foundation 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: $0
Professional Fundraising Fees: $1,462
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Priesthood Support Foundation Inc?

The Priesthood Support Foundation Inc is committed to providing financial aid for the infirm or retired Catholic priests, nuns, brothers, and religious orders and congregations. Their mission is centered around offering financial assistance, ensuring the well-being and care of these individuals who have dedicated their lives to religious service. The foundation's activities are focused on providing the necessary financial support, thereby alleviating any financial burdens they may be facing during their retirement or periods of illness.

Who is the CEO of Priesthood Support Foundation Inc?

Dan Nguyen is the Cfo of Priesthood Support Foundation Inc.

What is the revenue of Priesthood Support Foundation Inc?

Priesthood Support Foundation Inc's revenue in 2022 was $641,109.

Who are the executives of Priesthood Support Foundation Inc and what are their salaries?


There is 1 key member and their salary:


Dan Nguyen (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Priesthood Support Foundation Inc?

Priesthood Support Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Priesthood Support Foundation Inc

Priesthood Support Foundation Inc is dedicated to providing financial aid to infirm or retired Catholic priests, nuns, brothers, and religious orders and congregations. This nonprofit organization's mission is centered around offering financial support to these individuals who have dedicated their lives to serving their faith and community. By providing this essential assistance, the Priesthood Support Foundation Inc aims to ensure that these religious figures can maintain their dignity and livelihood even during challenging periods of their lives. This support is invaluable, allowing them to focus on their spiritual pursuits without the added stress of financial concerns.

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Impact




July, 2024

Priesthood Support Foundation Inc provides vital financial support to infirmed or retired Catholic priests, nuns, brothers, and religious orders and congregations. This assistance directly impacts the lives of dedicated individuals who have devoted themselves to serving their communities through religious practices. By offering financial aid, the Foundation ensures that these individuals can live with dignity and security in their later years, honoring their commitment to their faith and service.




This information is meant to be a general summary of Priesthood Support Foundation 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.

Revenue
$641,109 (2022)
Expenses
$959,188 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $641,109

Assets and Liabilities:

  • Total Assets: -$94,496
  • Total Liabilities: $0
  • Net Assets: -$94,496

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Organization Details

Founding Year

2005

Principal Officer

Dan Nguyen

Main Address

10812 STANFORD AVE, GARDEN GROVE, CA, 92840

NTEE Category

Code: X20 - Religion related

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