Overview
What is Diocesan Investment Trust Of The Diocese Of Los Angeles?
The Diocesan Investment Trust of the Diocese of Los Angeles is a well-diversified investment vehicle, primarily catering to Protestant Episcopal churches and organizations within the Dioceses of Los Angeles and San Diego. Established with the purpose of providing an investment fund, this trust allows these entities to invest their funds in various investment funds. The trust's objective is to generate both appreciation and current investment income, serving as a financial resource for the mentioned organizations.
Official website here: www.diocesela.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The Diocesan Investment Trust of the Diocese of Los Angeles has received a two-star rating from Charity Navigator, indicating room for improvement in its overall performance. While the organization scores exceptionally well in accountability and finance, achieving a perfect score of 100%, its program expense ratio is notably low at 50.83%, suggesting that more of its resources could be directed towards its charitable programs.
Strengths of the organization include a fully independent board comprised of 87% independent members, and strong policies in place regarding conflict of interest, whistleblower protections, and document retention. Additionally, there have been no reported material diversions of assets, which speaks to the integrity of its financial practices.
However, the low program expense ratio raises concerns about the effectiveness of fund allocation and the impact of its programs. Stakeholders may want to see an increase in the proportion of funds spent on direct programming to enhance the organization's mission and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Diocesan Investment Trust Of The Diocese Of Los Angeles legitimate?
Diocesan Investment Trust Of The Diocese Of Los Angeles is a legitimate nonprofit organization registered as a 501(c)(3) entity. Diocesan Investment Trust Of The Diocese Of Los Angeles 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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Official website here: www.diocesela.org
What is the mission statement of Diocesan Investment Trust Of The Diocese Of Los Angeles?
The Diocesan Investment Trust of the Diocese of Los Angeles serves the purpose of providing an investment fund for various Protestant Episcopal churches and organizations within the Dioceses of Los Angeles and San Diego. The trust functions as a well-diversified investment vehicle for these churches and organizations, allowing them to invest their funds. The investment funds that the trust invests in retain their income, resulting in both appreciation and current investment income for the trust. In essence, the mission of the Diocesan Investment Trust is to support the financial growth and stability of Protestant Episcopal churches and organizations in the specified dioceses.
Official website here: www.diocesela.org
Who is the CEO of Diocesan Investment Trust Of The Diocese Of Los Angeles?
Rt Rev John H Taylor is the Principal Officer of Diocesan Investment Trust Of The Diocese Of Los Angeles.
Official website here: www.diocesela.org
What is the revenue of Diocesan Investment Trust Of The Diocese Of Los Angeles?
Diocesan Investment Trust Of The Diocese Of Los Angeles's revenue in 2022 was -$358,083.
Official website here: www.diocesela.org
Who are the executives of Diocesan Investment Trust Of The Diocese Of Los Angeles and what are their salaries?
There 9 volunteers at Diocesan Investment Trust Of The Diocese Of Los Angeles.
Here are 9 key members and their salaries:
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Official website here: www.diocesela.org
Where can I find the form 990 for Diocesan Investment Trust Of The Diocese Of Los Angeles?
Diocesan Investment Trust Of The Diocese Of Los Angeles's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.diocesela.org
Learn more at the official website: www.diocesela.org
Mission Statement of Diocesan Investment Trust Of The Diocese Of Los Angeles
The Diocesan Investment Trust of the Diocese of Los Angeles serves a unique purpose, dedicated to providing an investment fund for various Protestant Episcopal churches and organizations within the Diocese of Los Angeles and the Diocese of San Diego. This trust acts as a well-diversified investment vehicle, allowing these religious institutions to invest their funds effectively. The investment funds selected by the trust yield both appreciation and current investment income, thereby benefiting the Protestant Episcopal churches and organizations it serves.
In essence, the Diocesan Investment Trust of the Diocese of Los Angeles plays a crucial role in supporting the financial well-being of Protestant Episcopal churches and organizations in its jurisdiction. By managing and investing their funds in a diverse portfolio, the trust helps these institutions to grow their resources and continue their missionary work. The trust's approach of retaining the income from these investments ensures that the churches and organizations can sustain their operations and even experience long-term growth.
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Impact
October, 2024
The Diocesan Investment Trust of the Diocese of Los Angeles significantly impacts Protestant Episcopal churches and organizations in both the Diocese of Los Angeles and the Diocese of San Diego. By offering a well-diversified investment vehicle, the Trust enables these entities to effectively manage and grow their financial resources.
This investment fund not only retains income but also provides opportunities for appreciation, enhancing the financial stability of these organizations. As a result, churches and organizations can dedicate more resources to their missions, community services, and outreach programs, all while enjoying the security and growth potential that comes from informed investment strategies. The Trust plays a crucial role in supporting the financial health of the religious community in the region, fostering sustainable growth and empowerment for various Episcopal missions.
This information is meant to be a general summary of Diocesan Investment Trust Of The Diocese Of Los Angeles. 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: -$359,196
- Gross Receipts: $20,203,247
Assets and Liabilities:
- Total Assets: $44,696,567
- Total Liabilities: $138,399
- Net Assets: $44,558,168
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Organization Details
Founding Year
1949
Phone
(213) 482-2040Principal Officer
Rt Rev John H Taylor
Main Address
840 ECHO PARK AVENUE, LOS ANGELES, CA, 90026
Website
www.diocesela.orgNTEE Category
Code: X120 - Religion related
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