Overview
What is Catholic Foundation For Northwest Indiana Inc?
The Catholic Foundation for Northwest Indiana Inc is a nonprofit organization situated in Merrillville, Indiana. Their primary mission is to provide financial support to organizations within the Catholic Diocese of Gary that align with Catholic beliefs and values. By offering perpetual financial aid, the foundation empowers individuals to express their faith through the upkeep of diocesan ministries, parishes, and schools. The foundation's activities contribute to strengthening the Catholic community in the Northwest Indiana region.
Official website here: www.catholicfuture.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
The Catholic Foundation for Northwest Indiana Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is influenced solely by its Accountability & Finance metrics, which are strong, particularly in aspects like board independence and the transparency of policies.
One of the foundation's significant strengths lies in its governance, with all board members being independent and a strong performance in documenting board meeting minutes and having conflict of interest and whistleblower policies in place. Additionally, the foundation excels in its program expense ratio, allocating 97.40% of its spending directly to its programs, which demonstrates a commitment to its mission.
However, the foundation's liabilities to assets ratio received a low score, which may raise concerns about its financial leverage or sustainability. While the foundation demonstrates a high level of accountability and transparency, potential donors may want to consider its financial ratios in the broader context of its overall financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Foundation For Northwest Indiana Inc legitimate?
Catholic Foundation For Northwest Indiana Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Foundation For Northwest Indiana Inc 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.catholicfuture.org
What is the mission statement of Catholic Foundation For Northwest Indiana Inc?
The Catholic Foundation for Northwest Indiana aims to empower individuals to express their faith by providing perpetual financial support for diocesan ministries, parishes, and schools within their community. This organization's mission is to offer resources to supporting organizations within the Catholic Diocese of Gary, promoting Catholic purposes and values. By doing so, the Catholic Foundation for Northwest Indiana contributes to the overall strength and continuity of religious and educational institutions within its sphere.
Official website here: www.catholicfuture.org
Who is the CEO of Catholic Foundation For Northwest Indiana Inc?
Kathy Tomasik is the Board Chair of Catholic Foundation For Northwest Indiana Inc.
Official website here: www.catholicfuture.org
What is the revenue of Catholic Foundation For Northwest Indiana Inc?
Catholic Foundation For Northwest Indiana Inc's revenue in 2022 was $2,351,164.
Official website here: www.catholicfuture.org
Who are the executives of Catholic Foundation For Northwest Indiana Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.catholicfuture.org
Where can I find the form 990 for Catholic Foundation For Northwest Indiana Inc?
Catholic Foundation For Northwest Indiana Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.catholicfuture.org
Learn more at the official website: www.catholicfuture.org
Mission Statement of Catholic Foundation For Northwest Indiana Inc
The Catholic Foundation for Northwest Indiana empowers individuals to express their faith by providing perpetual financial support for various ministries, parishes, and schools within the Catholic Diocese. This nonprofit organization's mission is to supply resources to supporting organizations that uphold Catholic purpose and values within their community. By offering financial aid, the Catholic Foundation for Northwest Indiana enables these organizations to thrive and continue their mission of promoting and preserving Catholic beliefs.
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Impact
October, 2024
Catholic Foundation for Northwest Indiana Inc plays a vital role in empowering individuals to express their faith through the provision of ongoing financial support. By channeling resources to diocesan ministries, parishes, and schools, the foundation ensures that essential programs and services thrive within the Catholic Diocese of Gary. This financial backing helps sustain initiatives that promote Catholic values and purpose, fostering a stronger community and enriching spiritual lives. Individually and collectively, these efforts enhance the educational and religious experiences for many, ultimately contributing to the growth and vitality of the Catholic community in the region.
This information is meant to be a general summary of Catholic Foundation For Northwest Indiana Inc. 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: $873,680
- Program Service Revenue: $73,572
- Gross Receipts: $3,674,488
Assets and Liabilities:
- Total Assets: $13,181,928
- Total Liabilities: $12,885,112
- Net Assets: $296,816
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRUSTEE FEES EARNED
Revenue
$73,572
Organization Details
Founding Year
2008
Phone
(219) 769-9292Principal Officer
Kathy Tomasik
Main Address
9292 BROADWAY, MERRILLVILLE, IN, 464107088
Website
www.catholicfuture.orgNTEE Category
Code: X21 - Religion related
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