Overview
What is Concordia Lutheran Ministriesfoundation?
The Concordia Lutheran Ministries Foundation serves as the primary charitable arm for the Concordia Lutheran Ministries network, based at 134 Marwood Road, Cabot, PA 16023. The organization raises and manages funds on behalf of nearly 10 various affiliate organizations, each registered as a 501(c)(3), to support their missions and enhance the quality of care and living environment in a Christian setting. Donations from the foundation have historically aided in acquisitions of new locations, construction of therapy gyms and chapels, and the establishment of scholarships and employee support programs. Additionally, the foundation collaborates with Angel Tear Ministries to aid other 501(c)(3) organizations. The foundation's primary purpose is to contribute to the betterment of these affiliated organizations and the communities they serve.
Official website here: www.concordialm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star Rating
Concordia Lutheran Ministriesfoundation has achieved an 88% score from Charity Navigator, which translates to a Three-Star rating. This rating is solely based on the organization's accountability and finance measures. The high score reflects a strong commitment to financial transparency and responsible management of resources.
The organization demonstrates notable strengths, including a healthy program expense ratio of over 95%, indicating that a significant portion of its expenditures directly supports its programs. Additionally, its financial oversight mechanisms are robust, with a complete score for its audit and oversight committee, and it maintains essential policies like conflict of interest and whistleblower protections.
However, the foundation has room for improvement, particularly regarding the diversity of its board. With only 41% of board members being independent, this aspect did not score as highly as other metrics. Overall, while there are areas to address, Concordia Lutheran Ministriesfoundation shows a strong foundation of accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Concordia Lutheran Ministriesfoundation legitimate?
Concordia Lutheran Ministriesfoundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concordia Lutheran Ministriesfoundation 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
Official website here: www.concordialm.org
What is the mission statement of Concordia Lutheran Ministriesfoundation?
Concordia Lutheran Ministries Foundation functions as a support system, raising and managing funds for various affiliate organizations that are recognized as 501(c)(3). Its primary goal is to advance the missions and purposes of these organizations by handling their financial needs. The Foundation also extends its support to other qualifying 501(c)(3) entities. Through Angel Tear Ministries, it offers assistance to community organizations in achieving their goals. The Foundation's role is crucial in enabling these charitable organizations to focus on delivering essential services and making a positive impact on people's lives.
Official website here: www.concordialm.org
Who is the CEO of Concordia Lutheran Ministriesfoundation?
Keith Frndak is the Principal Officer of Concordia Lutheran Ministriesfoundation.
Official website here: www.concordialm.org
What is the revenue of Concordia Lutheran Ministriesfoundation?
Concordia Lutheran Ministriesfoundation's revenue in 2022 was $34,450,790.
Official website here: www.concordialm.org
Who are the executives of Concordia Lutheran Ministriesfoundation and what are their salaries?
There 89 volunteers at Concordia Lutheran Ministriesfoundation.
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $1,148,464
- Other: $31,277
- Compensation: $0
- Related: $449,668
- Other: $32,865
- Compensation: $0
- Related: $279,611
- Other: $18,115
- Compensation: $0
- Related: $237,147
- Other: $26,052
- Compensation: $0
- Related: $181,325
- Other: $11,931
- Compensation: $0
- Related: $105,444
- Other: $17,501
- Compensation: $0
- Related: $74,856
- Other: $10,490
- 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
Official website here: www.concordialm.org
Where can I find the form 990 for Concordia Lutheran Ministriesfoundation?
Concordia Lutheran Ministriesfoundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.concordialm.org
Learn more at the official website: www.concordialm.org
Mission Statement of Concordia Lutheran Ministriesfoundation
Concordia Lutheran Ministries Foundation is a charitable organization dedicated to supporting the mission and purposes of various affiliate 501(c)(3) organizations. acting as a conduit for fundraising and financial management. The Foundation's primary goal is to assist these organizations in making a significant impact on their communities.
Through Angel Tear Ministries, Concordia Lutheran Ministries Foundation offers vital assistance to a number of community-based 501(c)(3) organizations. These organizations include Concordia Lutheran Health and Human Care, Concordia Visiting Nurses, Concordia Lutheran Ministries of Pittsburgh, Rebecca Residence, Concordia Tele-Caregivers, Concordia of Ohio, Concordia Visiting Nurses of Ohio, Concordia of Monroeville, Cedars Home Health Services, Concordia Hospice on Washington, Concordia Physician Practice, Good Samaritan Hospice of Pittsburgh, Concordia Medical Equipment, Concordia of Florida, and Visiting Nurse Association of Indiana County. Each of these organizations strives to improve the lives of those in need, and the Foundation plays a crucial role in helping them accomplish their goals.
By managing the raising, receiving, and expenditure of funds, Concordia Lutheran Ministries Foundation enables these organizations to focus their efforts on delivering essential services to their communities. The Foundation's commitment to these organizations and their missions strengthens their ability to make a difference in the lives of the people they serve.
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Impact
October, 2024
Concordia Lutheran Ministries Foundation significantly enhances the quality of care and life for individuals in the community through its targeted fundraising and financial support activities. By raising and receiving funds, it bolsters a network of affiliate organizations focused on health and human care, including various services such as adult day care, hospice, and medical equipment.
The foundation plays a crucial role in augmenting the operational capabilities of nearly 100 third-party organizations, ensuring they can provide better services in a Christ-centered environment. This includes establishing scholarship programs for employees, organizing community festive events like Christmas parties, and facilitating the acquisition of new facilities such as therapy gyms and chapels, which are integral to improving overall care.
In the past, significant contributions, amounting to around $475,927, have been directed toward enhancing these affiliated services. These donations not only support the immediate operational needs but also promote long-term growth and sustainability within the Concordia network.
Overall, the foundation's efforts are pivotal in addressing community needs, fostering employee support, and enriching the lives of those it serves through a comprehensive approach to health care and community service.
This information is meant to be a general summary of Concordia Lutheran Ministriesfoundation. 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: $18,853,845
- Program Service Revenue: $1,914,295
- Gross Receipts: $117,477,287
Assets and Liabilities:
- Total Assets: $203,900,854
- Total Liabilities: $466,793
- Net Assets: $203,434,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
General Donations
Revenue
$475,927
Endowment Fund Donations
Revenue
$1,437,514
Angel Tear Donations
Revenue
$854
Organization Details
Founding Year
2006
Phone
(724) 352-1571Principal Officer
Keith Frndak
Main Address
134 Marwood Road, Cabot, PA, 160232299
Website
www.concordialm.orgNTEE Category
Code: E11 - Health
If you are a representative of Concordia Lutheran Ministriesfoundation 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.