Overview
What is Misericordia Foundation?
The Misericordia Foundation is a charitable organization based in Chicago, Illinois. Its primary mission is to raise funds, which it subsequently grants to Misericordia Home, a supported organization. These funds contribute to the overall operations and specific needs of Misericordia Home. The foundation carries out this purpose by organizing and implementing various fundraising initiatives, aiming to make substantial contributions to Misericordia Home.
Official website here: www.mfa-sibs.org
What are the reviews and ratings of this charity?
**Misericordia Foundation - Charity Navigator Rating: 87% (Three-Star out of Four Stars)**
The Misericordia Foundation has received a three-star rating from Charity Navigator based on its strong accountability and finance practices. The organization has a perfect score for having an entirely independent board and maintains low liabilities relative to its assets, reflecting stable financial health. However, it received a score of zero for its financial statements, indicating a lack of available information regarding its financial details.
In terms of strengths, the foundation shows excellent operational effectiveness with a program expense ratio of 88.77%, which indicates that a significant portion of funds is directed toward its programs. Additionally, its fundraising efficiency is impressive, requiring only three cents to raise a dollar, showcasing cost-effectiveness in fundraising efforts.
Unfortunately, the charity's lack of financial statements raises concerns about transparency. Although it generally displays strong governance measures, the absence of detailed financial reporting can affect donor confidence and the ability to fully assess its impact and effectiveness. Overall, while the Misericordia Foundation demonstrates many positive attributes, potential donors and stakeholders may wish to seek further clarification on financial details.
This AI summary has been generated from information found on Charity Navigator.
Is Misericordia Foundation legitimate?
Misericordia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Misericordia 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mfa-sibs.org
What is the mission statement of Misericordia Foundation?
The Misericordia Foundation's mission is centered around organizing and executing fundraising initiatives. The primary goal of these efforts is to collect funds that are subsequently contributed to Misericordia Home, a supported organization. The funds granted by the foundation are utilized to support the general exempt operations and specific needs of Misericordia Home. In essence, the foundation's role is to mobilize resources to enhance the functioning and well-being of Misericordia Home.
Official website here: www.mfa-sibs.org
Who is the CEO of Misericordia Foundation?
Sister Rosemary Connelly is the Chairman of Misericordia Foundation.
Official website here: www.mfa-sibs.org
What is the revenue of Misericordia Foundation?
Misericordia Foundation's revenue in 2021 was $7,621,221.
Official website here: www.mfa-sibs.org
Who are the executives of Misericordia Foundation and what are their salaries?
There 100 volunteers at Misericordia Foundation.
Here are 7 key members and their salaries:
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Official website here: www.mfa-sibs.org
Where can I find the form 990 for Misericordia Foundation?
Misericordia Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.mfa-sibs.org
Learn more at the official website: www.mfa-sibs.org
Mission Statement of Misericordia Foundation
The Misericordia Foundation is devoted to organizing and implementing fundraising initiatives with the primary objective of making contributions to Misericordia Home, its supported organization. This renowned institution's mission is to raise funds that eventually contribute to the general exempt operations and specific needs of Misericordia Home. By doing so, the Misericordia Foundation plays a significant role in supporting the ongoing operations and various requirements of this organization, ensuring its continued success and ability to fulfill its mission.
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Impact
October, 2024
Misericordia Foundation plays a vital role in enhancing the quality of life for individuals at Misericordia Home by organizing and implementing effective fundraising programs. The funds raised are essential for supporting the general operations and addressing specific needs of the home, ensuring that residents receive the necessary care and services. Through its efforts in Chicago, Misericordia Foundation not only provides financial assistance but also fosters a community spirit, encourages volunteerism, and raises awareness about the importance of supporting individuals with developmental disabilities. The impact extends beyond just financial contributions—it significantly enriches the lives of those who call Misericordia Home their residence.
This information is meant to be a general summary of Misericordia 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 2021.
- Investment Income: $39
- Gross Receipts: $7,698,590
Assets and Liabilities:
- Total Assets: $5,961,254
- Total Liabilities: $0
- Net Assets: $5,961,254
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Organization Details
Founding Year
1965
Phone
(773) 273-3097Principal Officer
Sister Rosemary Connelly
Main Address
6300 N RIDGE AVENUE, Chicago, IL, 606601017
Website
www.mfa-sibs.orgNTEE Category
Code: P110 - Human services
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