Overview
What is Vincent Depaul Foundation Inc?
Vincent Depaul Foundation Inc, based in Rochester, New York, is a nonprofit organization with a mission to provide funding and various forms of assistance to its affiliated not-for-profit corporations, specifically DePaul Group Inc. and its associates. The Foundation's primary goal is to offer financial and other types of support to these organizations, aiming to strengthen their resources and capabilities.
Official website here: www.depaul.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating.
The Vincent Depaul Foundation Inc has received a low rating of 57% from Charity Navigator, primarily due to its performance in the Accountability & Finance category. The entire score is derived from this single beacon score, indicating significant areas of concern, particularly regarding financial management and program expenses.
The organization does show strengths in governance, with a fully independent board and robust policies like conflict of interest and whistleblower protections. These factors reflect a commitment to transparency and ethical oversight, as evidenced by perfect scores in several governance-related criteria. However, these strengths are overshadowed by critical financial metrics; the foundation reported a program expense ratio of 0.00% and a liabilities to assets ratio that raises concerns about its financial health and sustainability.
Without a significant allocation of resources to programs, the foundation's ability to fulfill its mission and demonstrate impact remains questionable. This lack of program expenditure, combined with the overall low rating, suggests potential limitations in service delivery or effectiveness, which stakeholders may want to consider when evaluating the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Vincent Depaul Foundation Inc legitimate?
Vincent Depaul Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vincent Depaul 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: $0
Other Salaries and Wages: $756
For more financial information, click here
Official website here: www.depaul.org
What is the mission statement of Vincent Depaul Foundation Inc?
The Vincent Depaul Foundation Inc., as a non-profit organization, was established with the primary purpose of offering funding and various forms of support to DePaul Group Inc. and its affiliated entities. Its mission, in essence, is to strengthen and empower these associated not-for-profit corporations. This support may take various forms, ensuring the continuity and growth of their collective endeavors.
Official website here: www.depaul.org
Who is the CEO of Vincent Depaul Foundation Inc?
Kelly Thompson is the President of Vincent Depaul Foundation Inc.
Official website here: www.depaul.org
What is the revenue of Vincent Depaul Foundation Inc?
Vincent Depaul Foundation Inc's revenue in 2022 was $478,749.
Official website here: www.depaul.org
Who are the executives of Vincent Depaul Foundation Inc and what are their salaries?
There 12 volunteers at Vincent Depaul Foundation Inc.
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $1,167,766
- Other: $50,505
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- Related: $466,577
- Other: $21,955
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- Other: $0
Official website here: www.depaul.org
Where can I find the form 990 for Vincent Depaul Foundation Inc?
Vincent Depaul Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.depaul.org
Learn more at the official website: www.depaul.org
Mission Statement of Vincent Depaul Foundation Inc
Vincent Depaul Foundation, a non-profit organization, was established with the mission to provide funding and various forms of support to DePaul Group, Inc. and its affiliated entities. This foundation serves as a crucial backbone, offering financial and other resources to these not-for-profit corporations. By doing so, it contributes to their collective efforts and objectives, ultimately strengthening their ability to carry out their respective missions.
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Impact
July, 2024
The impact of Vincent Depaul Foundation Inc is significant in providing funding and support to DePaul Group, Inc. and its affiliates. This assistance helps these organizations in their mission to provide housing and support services to those in need in the Rochester, NY area. Through their efforts, individuals and families facing housing insecurity are offered a path towards stable and secure living situations, leading to positive outcomes and improved quality of life for the community.
This information is meant to be a general summary of Vincent Depaul 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: $140,375
- Gross Receipts: $517,856
Assets and Liabilities:
- Total Assets: $8,685,342
- Total Liabilities: $9,988
- Net Assets: $8,675,354
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Organization Details
Founding Year
2002
Phone
(585) 426-8000Principal Officer
Kelly Thompson
Main Address
1931 Buffalo Road, Rochester, NY, 146241535
Website
www.depaul.orgNTEE Category
Code: L122 - Housing
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