Overview
What is Independent Catholic Foundation?
The Independent Catholic Foundation, situated in Altoona, Pennsylvania, serves as a vital support system for the Altoona-Johnstown Diocese. Primarily focused on fund development, this nonprofit organization channels resources to various ministerial endeavors within the diocese. Its mission is to uphold and advance the work of the Church within the Diocese of Altoona-Johnstown. This includes providing endowments for cemeteries, scholarships, and other religious initiatives. With a modest team of two dedicated individuals, the Independent Catholic Foundation plays a significant role in sustaining and fostering religious activities within the Altoona-Johnstown Diocese.
Official website here: www.independentcatholicfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Independent Catholic Foundation has achieved a top rating of 100%, indicating exceptional performance in accountability and financial management. With a perfect score in both accountability and culture, the organization demonstrates a strong commitment to transparency and effective governance. Notably, it maintains a fully independent board, ensuring no conflicts of interest and a high level of oversight.
Strengths of the organization include an impressive program expense ratio of 86.16%, signifying that a large portion of its funds directly supports its mission. The foundation's proactive approach to feedback collection and usage, along with its investment in leadership development, reflects a strong focus on continuous improvement and adaptability in its operations. Additionally, the foundation's strategic goals highlight its dedication to enhancing the Catholic community in Central Pennsylvania through effective endowment management.
While the organization excels in many areas, it faces challenges typical of nonprofits including the need for ongoing engagement and outreach. However, its commitment to utilizing feedback for improvement positions it well to address any potential limitations. Overall, the Independent Catholic Foundation stands as a strong example of effective nonprofit management and community service.
This AI summary has been generated from information found on Charity Navigator.
Is Independent Catholic Foundation legitimate?
Independent Catholic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independent Catholic 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: $99,762
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,112
For more financial information, click here
Official website here: www.independentcatholicfoundation.org
What is the mission statement of Independent Catholic Foundation?
The Independent Catholic Foundation's mission is centered around raising funds to support various ministerial endeavors within the Altoona-Johnstown Diocese. This mission is primarily aimed at ensuring the continuation of the Lord's work within the diocese. The foundation distributes endowments to various initiatives, including cemeteries and scholarships, as part of its ministerial endeavors. In essence, its purpose is to provide financial support for the diocesan church.
Official website here: www.independentcatholicfoundation.org
Who is the CEO of Independent Catholic Foundation?
C Ringkamp is the President / of Independent Catholic Foundation.
Official website here: www.independentcatholicfoundation.org
What is the revenue of Independent Catholic Foundation?
Independent Catholic Foundation's revenue in 2022 was $2,096,997.
Official website here: www.independentcatholicfoundation.org
Who are the executives of Independent Catholic Foundation and what are their salaries?
The average compensation at Independent Catholic Foundation during 2022 was $76,437. There are 2 employees at Independent Catholic Foundation.
Here are 14 key members and their salaries:
- Compensation: $99,762
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- Other: $2,782
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Official website here: www.independentcatholicfoundation.org
Where can I find the form 990 for Independent Catholic Foundation?
Independent Catholic Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.independentcatholicfoundation.org
Learn more at the official website: www.independentcatholicfoundation.org
Mission Statement of Independent Catholic Foundation
The Independent Catholic Foundation is committed to furthering various ministerial endeavors within the Altoona-Johnstown Diocese. Its primary mission is to provide financial support for the Diocesan Church, ensuring that the Lord's work continues within this religious community. To accomplish this, the foundation distributes endowments to various initiatives, including cemeteries, scholarships, and other ministerial projects. By financially backing these projects, the Independent Catholic Foundation plays a crucial role in sustaining and promoting spiritual growth within the Altoona-Johnstown Diocese.
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Impact
October, 2024
The Independent Catholic Foundation makes a significant impact by providing essential funding to support ministerial endeavors within the Altoona-Johnstown Diocese. Through its endowment distributions, the foundation ensures that vital services, such as cemetery maintenance and educational scholarships, are sustained. This financial support enables the continuation of the Lord's work in the community, fostering spiritual growth and assisting those in need. By addressing various ministerial needs, the foundation plays a crucial role in strengthening the Catholic community in Altoona and Johnstown, allowing its members to thrive and engage in meaningful religious activities.
This information is meant to be a general summary of Independent Catholic 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 2022.
- Investment Income: $538,939
- Program Service Revenue: $391,151
- Gross Receipts: $2,096,997
Assets and Liabilities:
- Total Assets: $35,931,954
- Total Liabilities: $1,711,347
- Net Assets: $34,220,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOUNDATION FEES
Revenue
$391,151
Organization Details
Founding Year
1990
Phone
(814) 201-2080Principal Officer
C Ringkamp
Main Address
3618 FIFTH AVENUE SUITE 1, ALTOONA, PA, 16602
NTEE Category
Code: X22 - Religion related
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