Overview
What is The Newman Foundation Corporation Of Nothern Ohio?
The Newman Foundation Corporation of Northern Ohio is a charitable organization, specifically based in Cuyahoga Falls, Ohio. Their primary mission involves nurturing and expanding an endowment fund, administering these funds effectively, and disseminating knowledge, experience, and spiritual guidance. The foundation is deeply committed to promoting Newman Campus Ministry, offering spiritual support to Catholic students studying at secular non-Catholic colleges and universities within the Diocese of Cleveland, which includes institutions such as Akron, Ashland, Baldwin Wallace, Case Western, Cleveland State, Oberlin, and Wooster. Their main objective is to offer financial assistance through grants to bolster the work of Newman Campus Ministeries within the Diocese of Cleveland.
Official website here: www.newmanfoundationcorporationofnorthernohio.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
The Newman Foundation Corporation Of Northern Ohio has received a One-Star rating from Charity Navigator, which indicates significant concerns regarding its overall accountability and financial management. The rating is based solely on its accountability and finance metrics, highlighting strengths such as having a fully independent board and no material diversion of assets. However, the charity received low marks for program expense ratios and several governance practices, which negatively impacted its overall score.
Strengths include a fully independent board with 12 members and a solid policy framework for conflict of interest and asset management. The organization also demonstrates a strong commitment to transparency by listing its website on its tax form. However, it lacks key policies such as a whistleblower policy and a document retention policy, which are critical for organizational governance and accountability.
The charity's program expense ratio stands at 52.58%, which raises concerns about its allocation of funds toward actual programs versus administrative costs. This low ratio, combined with the absence of board meeting minutes and other governance shortcomings, contributes to its One-Star rating. Overall, while there are areas of strength, significant improvements are needed to enhance the charity's accountability and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Newman Foundation Corporation Of Nothern Ohio legitimate?
The Newman Foundation Corporation Of Nothern Ohio is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Newman Foundation Corporation Of Nothern Ohio 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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Official website here: www.newmanfoundationcorporationofnorthernohio.org/
What is the mission statement of The Newman Foundation Corporation Of Nothern Ohio?
The Newman Foundation Corporation of Northern Ohio's mission is centered around providing financial aid in the form of grants to support the work of Newman Campus Ministeries within the Diocese of Cleveland. These ministeries operate on secular non-Catholic campuses across the diocese. The foundation's goal is to help Catholic college students maintain and grow their faith while attending these institutions. To achieve this, they sustain and develop their endowment fund, distribute funds, share expertise, promote awareness of Newman campus ministry, offer spiritual support, and contribute to the overall mission of Newman Campus Ministry in the Diocese of Cleveland. Their efforts support Newman students on seven different campuses in the region.
Official website here: www.newmanfoundationcorporationofnorthernohio.org/
Who is the CEO of The Newman Foundation Corporation Of Nothern Ohio?
William Miller is the Board Member of The Newman Foundation Corporation Of Nothern Ohio.
Official website here: www.newmanfoundationcorporationofnorthernohio.org/
What is the revenue of The Newman Foundation Corporation Of Nothern Ohio?
The Newman Foundation Corporation Of Nothern Ohio's revenue in 2023 was $130,879.
Official website here: www.newmanfoundationcorporationofnorthernohio.org/
Who are the executives of The Newman Foundation Corporation Of Nothern Ohio and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.newmanfoundationcorporationofnorthernohio.org/
Where can I find the form 990 for The Newman Foundation Corporation Of Nothern Ohio?
The Newman Foundation Corporation Of Nothern Ohio's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newmanfoundationcorporationofnorthernohio.org/
Learn more at the official website: www.newmanfoundationcorporationofnorthernohio.org/
Mission Statement of The Newman Foundation Corporation Of Nothern Ohio
The Newman Foundation Corporation of Northern Ohio's mission is centered around providing financial aid in the form of grants to bolster the work of Newman Campus Ministry within the Diocese of Cleveland. These ministries operate on secular, non-Catholic campuses across the diocese. The foundation's primary objective is to assist Catholic college students in maintaining and growing their faith while attending these institutions. To accomplish this, the Newman Foundation undertakes various activities, such as sustaining and developing an endowment fund, stewardship and distribution of funds, sharing expertise and insights, promoting awareness of Newman campus ministry, and offering prayer and spiritual support. The foundation's efforts extend to supporting and advancing the mission of Newman Campus Ministry on seven different campuses, including Akron, Ashland, Baldwin Wallace, Case Western, Cleveland State, Oberlin, and Wooster.
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Impact
October, 2024
The Newman Foundation Corporation of Northern Ohio effectively enhances the spiritual and community experience of Catholic college students attending secular non-Catholic institutions within the Diocese of Cleveland. By providing financial support in the form of grants, the Foundation empowers Newman Campus Ministries across seven campuses including Akron, Ashland, Baldwin Wallace, Case Western, Cleveland State, Oberlin, and Wooster.
The Foundation plays a vital role in sustaining and developing an endowment fund that underpins these ministries, ensuring they can offer essential resources and support to students. Its initiatives foster an environment where Catholic students can deepen their faith, engage in spiritual development, and find a sense of community amidst a predominantly secular setting.
Through skill-sharing, awareness promotion, and the stewardship of funds, the Foundation not only supports the operations of campus ministry but also plays a pivotal role in nurturing the personal growth and spiritual journeys of students. The emphasis on prayer and spiritual support further enriches the social fabric of these campuses, providing students with a strong foundation as they navigate their academic and personal lives. In essence, the Newman Foundation acts as a lifeline for Catholic students, ensuring they remain connected to their faith while pursuing their education in diverse environments.
This information is meant to be a general summary of The Newman Foundation Corporation Of Nothern Ohio. 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 2023.
- Investment Income: $127,739
- Gross Receipts: $130,879
Assets and Liabilities:
- Total Assets: $976,623
- Total Liabilities: $0
- Net Assets: $976,623
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Organization Details
Founding Year
1969
Phone
(440) 725-0805Principal Officer
William Miller
Main Address
3295 Charles Street, Cuyahoga Falls, OH, 44221
NTEE Category
Code: P20 - Human services
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