Overview
What is Immaculate Conception Development Foundation?
The Immaculate Conception Development Foundation is a nonprofit organization dedicated to supporting the missions of Immaculate Conception Catholic Church. Their primary focus includes providing subsidies for continuing education for church staff and lay members, serving subsidized lunches to nursing home residents and the local community, and sponsoring regional adult education programs. They financially aid in the church's initiatives to assist the elderly, the low-income population, and further adult education that aligns with church objectives. Additionally, the foundation participates in fostering low-income housing projects.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Star rating)
The Immaculate Conception Development Foundation has received a low rating of 33% from Charity Navigator, primarily due to concerns regarding its accountability and finance practices. While the organization scores well on several governance aspects, including having a majority of independent board members and documenting board meeting minutes, these strengths are overshadowed by significant issues related to financial transparency and program expenses.
Specifically, the foundation has a 0.00% program expense ratio, indicating a lack of spending on program services, which raises questions about its operational effectiveness. Additionally, important documents such as the tax form and essential policies like the conflict of interest and whistleblower policies are missing, contributing to the organization's low score and a lack of accountability.
Overall, while the foundation demonstrates strong governance in certain areas, the absence of financial transparency and missing crucial policies limits its effectiveness and raises concerns for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Immaculate Conception Development Foundation legitimate?
Immaculate Conception Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Immaculate Conception Development Foundation 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
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What is the mission statement of Immaculate Conception Development Foundation?
The Immaculate Conception Development Foundation is dedicated to financially backing the initiatives of Immaculate Conception Catholic Church. Their primary focus is on supporting ministries that cater to the elderly, the economically disadvantaged, and the advancement of adult education, all within the church's context. This support includes subsidizing continuing education for church employees, providing subsidized meals for nursing home residents and the local community, and sponsoring regional adult education programs. Additionally, the foundation is involved in Fostering Low Income Housing initiatives.
Who is the CEO of Immaculate Conception Development Foundation?
Rev John Grace is the President of Immaculate Conception Development Foundation.
What is the revenue of Immaculate Conception Development Foundation?
Immaculate Conception Development Foundation's revenue in 2023 was $161,199.
Who are the executives of Immaculate Conception Development Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Immaculate Conception Development Foundation?
Immaculate Conception Development Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Immaculate Conception Development Foundation
The Immaculate Conception Development Foundation is committed to backing the missions of Immaculate Conception Catholic Church. This support primarily focuses on three key areas: ministries for the elderly, assistance for the low-income population, and the advancement of adult education related to the church. The foundation undertakes subsidized continuing education for lay and church staff to enhance the effectiveness of their ministries. Additionally, they offer subsidized meals to nursing home residents and the surrounding community, demonstrating their dedication to the elderly. Moreover, the Immaculate Conception Development Foundation is involved in supporting local and regional adult education programs, furthering the church's educational outreach. Additionally, the foundation participates in Fostering Low Income Housing, highlighting their commitment to addressing social issues and uplifting the less fortunate.
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Impact
October, 2024
Immaculate Conception Development Foundation significantly impacts the Hampton, VA community by supporting vital ministries aimed at assisting the elderly and low-income individuals. It plays a crucial role in funding subsidized continuing education for both laypeople and staff, enhancing the skills and knowledge necessary for effective ministry work. The foundation also addresses food insecurity by providing subsidized lunches to nursing home residents and the surrounding community, ensuring that those in need have access to nutritious meals.
Furthermore, its commitment to adult education promotes personal and professional growth among community members through local and regional programs. By fostering low-income housing initiatives, the foundation aids in creating stable living conditions for vulnerable populations. Overall, its multifaceted support helps strengthen the community's social fabric, providing essential services and opportunities for education and well-being.
This information is meant to be a general summary of Immaculate Conception Development Foundation. 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: $11,199
- Gross Receipts: $161,199
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2006
Phone
(757) 826-0393Principal Officer
Rev John Grace
Main Address
2150 Cunningham Drive, Hampton, VA, 23666
NTEE Category
Code: P20 - Human services
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