Overview
What is Western Diocese Endowment Fund Inc?
Western Diocese Endowment Fund Inc, located in Fresno, California, serves as a financial support system for the churches and religious activities of the Western Diocese of the Armenian Church of North America. Its primary mission is to provide continuous financial assistance to various religious endeavors within the Western Diocese, contributing to its overall operations. This nonprofit organization plays a significant role in sustaining the spiritual and religious activities of the Armenian Church community in North America.
Official website here: www.armenianchurchwd.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Stars
The Western Diocese Endowment Fund Inc has achieved an 88% score, reflecting a strong emphasis on accountability and finance, critical metrics for nonprofit effectiveness. The organization boasts a fully independent board, demonstrating good governance practices, with all members being independent. Additionally, it has no material diversion of assets reported, indicating sound financial management.
However, there are some areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, which are important for maintaining transparency and ethical standards. Furthermore, the absence of tax forms on the nonprofit's website may hinder potential donors from accessing crucial financial information that could influence their giving decisions.
On the positive side, the fund demonstrates a high program expense ratio of 87.22%, suggesting that a significant portion of its resources is directed towards fulfilling its mission. This, combined with its robust governance structure, positions the organization well within the nonprofit sector, though addressing the noted limitations could enhance its overall effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Western Diocese Endowment Fund Inc legitimate?
Western Diocese Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Diocese Endowment Fund 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.
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Official website here: www.armenianchurchwd.com
What is the mission statement of Western Diocese Endowment Fund Inc?
The Western Diocese Endowment Fund Inc. is committed to supporting the activities of the Western Diocese of the Armenian Church of North America. This is achieved by providing continuous financial aid to various churches and religious activities within the Western Diocese. The primary goal is to ensure the ongoing operation and growth of these religious entities. The fund plays a crucial role in sustaining the spiritual and religious endeavors of the Western Diocese community.
Official website here: www.armenianchurchwd.com
What is the revenue of Western Diocese Endowment Fund Inc?
Western Diocese Endowment Fund Inc's revenue in 2024 was $2,820,837.
Official website here: www.armenianchurchwd.com
Who are the executives of Western Diocese Endowment Fund Inc and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.armenianchurchwd.com
Where can I find the form 990 for Western Diocese Endowment Fund Inc?
Western Diocese Endowment Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.armenianchurchwd.com
Learn more at the official website: www.armenianchurchwd.com
Mission Statement of Western Diocese Endowment Fund Inc
The Western Diocese Endowment Fund Inc, as a supporting entity for the Western Diocese of the Armenian Church of North America, is committed to providing ongoing financial assistance to various churches and religious activities within its scope. This mission aims to strengthen and sustain the religious and spiritual activities of the Western Diocese, ensuring the continuation of its religious practices and services. By offering financial support, the Western Diocese Endowment Fund Inc plays a vital role in preserving and nurturing the religious identity of the Western Diocese, ultimately enriching the spiritual lives of its community members.
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Impact
October, 2024
The Western Diocese Endowment Fund Inc significantly impacts the community by providing essential financial support to various churches and religious activities within the Western Diocese of the Armenian Church of North America. Located in Fresno, CA, the Fund plays a crucial role in ensuring the sustainability and growth of religious initiatives, enabling these institutions to thrive and serve their congregations effectively.
Through ongoing financial assistance, the Fund supports a diverse array of programs and activities that enrich the spiritual life of the Armenian community. This includes funding for worship services, educational programs, community outreach initiatives, and cultural events, which collectively strengthen community bonds and preserve the Armenian heritage. By ensuring that churches have the necessary resources to function and flourish, the Western Diocese Endowment Fund Inc fosters a vibrant religious environment that encourages participation and engagement among congregants, ultimately enhancing the overall vitality of the Armenian Church in North America.
This information is meant to be a general summary of Western Diocese Endowment Fund 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 2024.
- Investment Income: $2,097,864
- Gross Receipts: $13,978,277
Assets and Liabilities:
- Total Assets: $62,523,635
- Total Liabilities: $2,528,571
- Net Assets: $59,995,064
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Organization Details
Founding Year
2007
Principal Officer
Harout Deramerian
Website
www.armenianchurchwd.comNTEE Category
Code: X192 - Religion related
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