Overview
What is Nazareth Family Foundation?
The Nazareth Family Foundation is a supporting organization situated at 105 31ST STREET, ALTOONA, PA 16602. Their primary mission revolves around religious, charitable, educational, and scientific purposes, with a focus on promoting family life. They achieve this goal by providing financial support to various facilities, programs, and services that enhance family life. Additionally, the foundation advocates for the rights of disadvantaged individuals and denounces forms of injustice that threaten human life's integrity. In their role as a grant-giver, Nazareth Family Foundation has supported fifteen 501(c)(3) organizations, contributing to twenty-two specific programs and projects operated by these organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Nazareth Family Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With a score derived entirely from accountability metrics, the foundation showcases strong governance practices, including an independent board and comprehensive conflict of interest and whistleblower policies. This suggests a commitment to transparency and ethical management.
One of the notable strengths of the foundation is its high program expense ratio of 97.22%, which reflects that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the organization has a perfect score in various governance aspects, such as having a majority of independent board members and no material diversion of assets, which further enhances its credibility.
However, while the overall financial health appears strong, the single beacon score limits the assessment of the foundation's performance in other areas beyond accountability and finance. Future evaluations could benefit from a broader range of metrics to provide a more comprehensive view of its impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Nazareth Family Foundation legitimate?
Nazareth Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nazareth Family 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.
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What is the mission statement of Nazareth Family Foundation?
The Nazareth Family Foundation's mission is centered around promoting family life. They achieve this by providing financial support to various organizations and initiatives that enhance the quality of family life, advocate for the rights of the disadvantaged, and denounce forms of injustice that negatively impact human life. In their capacity as a supporting organization, they have granted funds to fifteen 501(c)(3) organizations for twenty-two specific programs and projects operated by these organizations. These initiatives aim to enhance family life and contribute to the betterment of society.
What is the revenue of Nazareth Family Foundation?
Nazareth Family Foundation's revenue in 2024 was $647,288.
Who are the executives of Nazareth Family Foundation and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Nazareth Family Foundation?
Nazareth Family Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Nazareth Family Foundation
The Nazareth Family Foundation, as a supporting organization, is dedicated to promoting family life through various means. It achieves this mission by providing financial support to numerous 501(c)(3) organizations for specific programs and projects. These initiatives aim to enhance the quality of family life, advocate for the rights of the disadvantaged, and denounce forms of injustice that threaten the integrity of human life. By funding these organizations, the Nazareth Family Foundation contributes to the betterment of families and works towards upholding the dignity and well-being of those who are less fortunate.
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Impact
July, 2024
Nazareth Family Foundation's impact is primarily focused on promoting family life by providing financial support to facilities, programs, and services that enhance the quality of family life and promote the rights of the disadvantaged. By providing grants to fifteen 501(c)(3) organizations for twenty-two specific programs, the foundation plays a crucial role in denouncing forms of injustice that erode the integrity of human life. Through its work in the areas of human services, education, and scientific research, Nazareth Family Foundation contributes to building stronger, more resilient communities and advocating for social justice.
This information is meant to be a general summary of Nazareth Family 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 2024.
- Investment Income: $647,288
- Gross Receipts: $647,288
Assets and Liabilities:
- Total Assets: $26,557,835
- Total Liabilities: $0
- Net Assets: $26,557,835
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Organization Details
Founding Year
1996
Principal Officer
Sister Thea Krause Csfn
NTEE Category
Code: P200 - Human services
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