Overview
What is Loreto House?
Loreto House is a compassionate nonprofit organization situated in Denton, Texas (76201). Their primary mission is to uphold the sanctity of life and offer alternatives to women facing an unplanned pregnancy. They offer vital resources, such as comprehensive pregnancy information, essential items like diapers, formula, and clothing, and educational classes on various parenting and pregnancy-related topics. The aim is to empower and support mothers-to-be, helping them improve their parenting skills and navigate their pregnancies. With a dedicated team of 24 employees, Loreto House strives to make a positive difference in the lives of families in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two Stars)
Loreto House has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 73%. The organization excels in areas related to culture and community, scoring an impressive 97%, and showcases strong leadership with a perfect score of 100 for adaptability. The program expense ratio stands at 84.33%, indicating a significant portion of funds directed towards programs, which is a positive indicator of their service commitment.
However, the organization faces challenges in accountability and finance, scoring only 64 in that category. While it boasts a fully independent board with five members and has robust policies in place for conflict of interest, whistleblowing, and document retention, these aspects highlight areas where improvement is necessary to build trust with stakeholders. Additionally, while strategic goals are focused on expanding services and increasing client satisfaction, there may be a need for enhanced financial oversight to bolster overall operational efficiency.
Overall, Loreto House demonstrates a strong commitment to its mission and community impact, but it must address financial accountability to improve its standing and ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Loreto House legitimate?
Loreto House is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loreto House 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: $94,396
Professional Fundraising Fees: $10,270
Other Salaries and Wages: $705,098
For more financial information, click here
What is the mission statement of Loreto House?
Loreto House's mission is centered around fostering the sanctity of life and offering alternatives to women facing an unplanned pregnancy. They strive to enhance the dignity of these women by providing them with resources and alternatives to abortion. The organization offers various forms of assistance, including pregnancy information, material support like diapers, formula, and maternity clothing, and educational classes to enhance parenting and pregnancy skills.
Who is the CEO of Loreto House?
Randy Bollig is the Executive Director of Loreto House.
What is the revenue of Loreto House?
Loreto House's revenue in 2022 was $1,567,112.
Who are the executives of Loreto House and what are their salaries?
The average compensation at Loreto House during 2022 was $33,312. There are 24 employees at Loreto House.
There is 1 key member and their salary:
- Compensation: $94,396
- Related: $0
- Other: $0
Where can I find the form 990 for Loreto House?
Loreto House's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Loreto House
Loreto House, a nonprofit organization, is dedicated to upholding the sanctity of life and offering alternatives to women facing unplanned pregnancies. Their mission is to promote and enhance this sacredness, providing these women with options beyond abortion. Beyond this, Loreto House extends its support by offering a range of services. They provide essential pregnancy information and material aid, such as diapers, formula, and maternity clothing. Furthermore, the organization conducts educational classes for parents, focusing on various topics to enhance their parenting skills and pregnancy knowledge. Loreto House's mission is to support these women throughout their journey, empowering them to make informed decisions and prepare for the challenges of parenthood.
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Impact
October, 2024
Loreto House significantly impacts the community by promoting and enhancing the sacredness of life and providing vital support to women facing unplanned pregnancies. It offers a compassionate alternative to abortion, ensuring that women are informed of their choices and equipped with the resources they need during a challenging time.
By providing crucial services such as pregnancy information, material support—ranging from diapers and formula to maternity and baby clothing—and educational classes, Loreto House empowers parents with the knowledge and assistance necessary to thrive. This holistic approach not only addresses immediate needs but also fosters a supportive environment that encourages healthy parenting practices, ultimately enhancing the well-being of families in Denton, TX. Through its dedication to care and education, Loreto House plays a crucial role in nurturing a community that values life and provides tangible support for those in need.
This information is meant to be a general summary of Loreto House. 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: $6,761
- Program Service Revenue: $1,560,351
- Gross Receipts: $1,567,112
Assets and Liabilities:
- Total Assets: $3,467,260
- Total Liabilities: $2,255,851
- Net Assets: $1,211,409
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Direct Public Grants
Revenue
$634,469
Direct Public Support
Revenue
$738,912
Services
Revenue
$186,970
Organization Details
Founding Year
2008
Phone
(940) 380-8191Principal Officer
Randy Bollig
Main Address
1100 N Bonnie Brae St, Denton, TX, 76201
NTEE Category
Code: P28 - Human services
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