Overview
What is Annunciation Greek Orthodox Church Foundation Inc?
Annunciation Greek Orthodox Church Foundation Inc is a nonprofit organization situated in Wauwatosa, Wisconsin. Its primary objective is to raise funds for the retirement of capital debt and to finance capital improvements at the Annunciation Greek Orthodox Church in Milwaukee. The foundation has been instrumental in providing financial support for the church's stabilization project, which was overseen by C G Schmidt and Architects, Ramlow Stein. The foundation's contributions have played a significant role in enhancing and maintaining the church's infrastructure.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating indicates that while the Annunciation Greek Orthodox Church Foundation Inc meets some key performance criteria, it falls short in others, impacting its overall effectiveness and transparency.
The foundation excels in several areas, including strong accountability measures with a fully independent board and no material diversion of assets. Furthermore, it achieves an impressive program expense ratio of 98.70%, which suggests that a significant portion of its funds is allocated towards its programs rather than administrative costs.
However, the organization has notable weaknesses, particularly in transparency and governance, as it lacks essential policies such as conflict of interest and whistleblower policies. Additionally, the absence of key documents on its website, including its tax form, may raise concerns regarding its commitment to transparency and accountability. These factors contribute to its lower rating despite its strong programmatic focus.
This AI summary has been generated from information found on Charity Navigator.
Is Annunciation Greek Orthodox Church Foundation Inc legitimate?
Annunciation Greek Orthodox Church Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Annunciation Greek Orthodox Church 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:
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What is the mission statement of Annunciation Greek Orthodox Church Foundation Inc?
The Annunciation Greek Orthodox Church Foundation Inc's mission is centered around raising funds to retire capital debt and finance capital improvements for a specific Greek Orthodox church. This organization's primary goal is to support the upkeep and enhancement of the church's infrastructure. They have previously provided financial aid to the Annunciation Greek Orthodox Church, enabling the church to engage construction management firms for various projects.
Who is the CEO of Annunciation Greek Orthodox Church Foundation Inc?
Norman D Eckstaedt is the President of Annunciation Greek Orthodox Church Foundation Inc.
What is the revenue of Annunciation Greek Orthodox Church Foundation Inc?
Annunciation Greek Orthodox Church Foundation Inc's revenue in 2022 was $62,550.
Who are the executives of Annunciation Greek Orthodox Church Foundation Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Annunciation Greek Orthodox Church Foundation Inc?
Annunciation Greek Orthodox Church Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Annunciation Greek Orthodox Church Foundation Inc
Annunciation Greek Orthodox Church Foundation Inc is dedicated to raising funds for the retirement of capital debt and financing capital improvements for Annunciation Greek Orthodox Church in Milwaukee. The mission of this foundation is to contribute financially towards the enhancement and upkeep of this religious institution, ensuring its continued stability and growth. The foundation has already provided funds for the Annunciation Church Stabilization Project, allowing the church to collaborate with construction management firm, C G Schmidt and Architects, Ramlow Stein for their work on the project.
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Impact
October, 2024
The Annunciation Greek Orthodox Church Foundation Inc plays a crucial role in the financial health and infrastructural sustainability of the Annunciation Greek Orthodox Church in Milwaukee. By actively raising funds to retire capital debt and support capital improvements, the foundation ensures that the church can continue to serve its community effectively.
Through its fundraising efforts, the foundation has provided significant financial resources which have been allocated to essential projects, such as the stabilization of the church facility. The collaboration with construction management firm C.G. Schmidt and architects Ramlow/Stein demonstrates a commitment to maintaining the church's structural integrity and enhancing its offerings to the community.
The foundation's impact is evident in its ability to secure the future of the church. By alleviating financial burdens and funding necessary improvements, it fosters a space where worship, community gathering, and religious education can thrive, allowing the Annunciation Greek Orthodox Church to remain a vital center for the Greek Orthodox community in Milwaukee.
This information is meant to be a general summary of Annunciation Greek Orthodox Church 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,351
- Gross Receipts: $62,550
Assets and Liabilities:
- Total Assets: $599,403
- Total Liabilities: $0
- Net Assets: $599,403
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Organization Details
Founding Year
2006
Phone
(414) 461-9400Principal Officer
Norman D Eckstaedt
Main Address
9400 W CONGRESS ST, WAUWATOSA, WI, 532254812
NTEE Category
Code: X11 - Religion related
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