Overview
What is Sophia Institute?
Sophia Institute is a nonprofit organization situated in Manchester, New Hampshire. Its primary focus is publishing and distributing books on philosophical and theological subjects, as well as providing daily commentaries through online resources, such as CatholicExchange.com and CrisisMagazine.com. The institute nurtures the spiritual, moral, and cultural life of individuals, aligning its activities with the authentic teachings of the Roman Catholic Church. It operates various apostolates, including Sophia Institute Press, Sophia Institute for Teachers, CatholicExchange.com, and CrisisMagazine.com. With a workforce of 65 employees, Sophia Institute plays a significant role in spreading the Gospel of Christ.
Official website here: www.sophiainstitute.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Sophia Institute has received a Two-Star rating from Charity Navigator, which reflects a moderate performance in accountability and finance. While the organization excels in having a fully independent board and demonstrates strong financial health with a low liabilities-to-assets ratio and a high program expense ratio, it has notable gaps in its governance policies.
Limitations include the absence of a whistleblower policy and a document retention and destruction policy, which could raise concerns about transparency and accountability. Additionally, the nonprofit has not posted its tax forms on its website, which detracts from its overall accessibility and may hinder trust among potential donors.
Despite these weaknesses, the strong commitment to maintaining an independent board and efficient use of funds for programs indicates that the Sophia Institute is making positive strides in fulfilling its mission, although improvements in governance practices are necessary to enhance its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Sophia Institute legitimate?
Sophia Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sophia Institute 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: $3,592,302
For more financial information, click here
Official website here: www.sophiainstitute.com
What is the mission statement of Sophia Institute?
The Sophia Institute nurtures the spiritual, moral, and cultural growth of individuals, aligning with the authentic teachings of the Roman Catholic Church. It serves this purpose through various apostolates, such as Sophia Institute Press, the Sophia Institute for Teachers, CatholicExchange.com, and Crisis Magazine.com. The organization's primary activities involve publishing and distributing books on philosophical and theological subjects, as well as providing daily commentaries through online resources, specifically Crisis Magazine and CatholicExchange websites.
Official website here: www.sophiainstitute.com
Who is the CEO of Sophia Institute?
Charles Mckinney is the Executive Di of Sophia Institute.
Official website here: www.sophiainstitute.com
What is the revenue of Sophia Institute?
Sophia Institute's revenue in 2021 was $7,893,743.
Official website here: www.sophiainstitute.com
Who are the executives of Sophia Institute and what are their salaries?
The average compensation at Sophia Institute during 2021 was $55,266. There are 65 employees at Sophia Institute.
Here are 5 key members and their salaries:
- Compensation: $225,000
- 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.sophiainstitute.com
Where can I find the form 990 for Sophia Institute?
Sophia Institute's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.sophiainstitute.com
Learn more at the official website: www.sophiainstitute.com
Mission Statement of Sophia Institute
Sophia Institute, a nonprofit organization, is dedicated to enriching the spiritual, moral, and cultural lives of individuals and spreading the teachings of Christianity in alignment with the Roman Catholic Church's authentic teachings. To achieve this mission, Sophia Institute operates several apostolates, including Sophia Institute Press, Sophia Institute for Teachers, CatholicExchange.com, and Crisis Magazine.com. Through these initiatives, the organization publishes and distributes books on philosophical and theological subjects, as well as provides daily commentaries through online resources such as Crisis Magazine's website and CatholicExchange.com. By doing so, Sophia Institute aims to nurture the spiritual growth of individuals and contribute to the spread of Christian values.
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Impact
October, 2024
Sophia Institute significantly impacts the spiritual, moral, and cultural lives of individuals by promoting the teachings of the Roman Catholic Church. Through its various apostolates, including Sophia Institute Press, the Sophia Institute for Teachers, CatholicExchange.com, and CrisisMagazine.com, it provides resources that nurture faith and understanding. The Institute publishes books on philosophical and theological subjects, offering valuable insights and guidance that align with authentic Catholic teachings.
Through daily commentaries and accessible online resources, Sophia Institute fosters a community of informed Catholics, empowering them to engage deeply with their faith and share it with others. Its educational initiatives particularly focus on equipping teachers with the tools necessary to instill Catholic values in students, reinforcing the moral framework essential for personal and communal growth. The Institute's commitment to spreading the Gospel of Christ plays a crucial role in cultivating a vibrant spiritual life within the community, ultimately contributing to a more culturally enriched society.
This information is meant to be a general summary of Sophia Institute. 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 2021.
- Investment Income: $230
- Program Service Revenue: $35,150
- Gross Receipts: $13,895,413
Assets and Liabilities:
- Total Assets: $8,448,181
- Total Liabilities: $2,114,414
- Net Assets: $6,333,767
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SIFT PROGRAM REVENUE
Revenue
$35,150
Organization Details
Founding Year
1982
Phone
(603) 641-9344Principal Officer
Charles Mckinney
Main Address
PO BOX 5284, MANCHESTER, NH, 03108
Website
www.sophiainstitute.comNTEE Category
Code: A77Z - Arts
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