Overview
What is Chapel Haven Endowment Inc?
Chapel Haven Endowment Inc is a nonprofit organization situated in New Haven, Connecticut. Its primary role is to manage and distribute assets for the benefit of Chapel Haven Schleifer Center, Inc. This involves managing investments for the long-term financial stability of Chapel Haven Schleifer Center, Inc. The returns from these investments are then distributed to the center for both unrestricted and operational use, upon approval from the board. Additionally, Chapel Haven Endowment Inc manages various endowment funds, established by donors, on behalf of Chapel Haven Schleifer Center, Inc. These funds are invested for the long-term financial stability of the center, and distributions are made for both unrestricted and restricted uses, as decided by the board of directors.
Official website here: www.chapelhaven.org
What do the Facebook reviews say about Chapel Haven Endowment Inc?
92% of 53 reviewers on Facebook recommend Chapel Haven Endowment Inc. Here is a summary of their reviews:
Many individuals highlight the ongoing assistance provided even after graduation, emphasizing that the support does not stop once participants complete their programs. This continuity of care appears to be a significant aspect of what users value, showcasing the nonprofit's commitment to long-term success for its graduates.
Overall, the sentiment is overwhelmingly positive, with people expressing their appreciation for the nurturing environment and the impactful services the organization offers. It seems that Chapel Haven Endowment Inc genuinely meets the needs of its community, fostering independence and personal growth.
This AI summary has been generated from reviews found on Facebook.
Is Chapel Haven Endowment Inc legitimate?
Chapel Haven Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chapel Haven Endowment 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.chapelhaven.org
What is the mission statement of Chapel Haven Endowment Inc?
Chapel Haven Endowment Inc's mission is centered around managing investments for the long-term financial stability of Chapel Haven Schleifer Center Inc. The returns from these investments are intended for distribution to Chapel Haven Schleifer Center Inc., primarily for unrestricted and operational use, subject to approval by the board. Additionally, Chapel Haven Endowment Inc. manages quasi-endowment and endowment funds established by donors on behalf of Chapel Haven Schleifer Center Inc. These funds are invested with a long-term perspective, and distributions can be made for both unrestricted and restricted uses as decided by the board of directors.
Official website here: www.chapelhaven.org
Who is the CEO of Chapel Haven Endowment Inc?
Mike Storz is the Chairperson of Chapel Haven Endowment Inc.
Official website here: www.chapelhaven.org
What is the revenue of Chapel Haven Endowment Inc?
Chapel Haven Endowment Inc's revenue in 2022 was $61,870.
Official website here: www.chapelhaven.org
Who are the executives of Chapel Haven Endowment Inc and what are their salaries?
Here are 14 key members and their salaries:
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- Related: $108,792
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- Related: $123,986
- Other: $10,329
Official website here: www.chapelhaven.org
Where can I find the form 990 for Chapel Haven Endowment Inc?
Chapel Haven Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chapelhaven.org
Learn more at the official website: www.chapelhaven.org
Mission Statement of Chapel Haven Endowment Inc
Chapel Haven Endowment Inc's mission revolves around managing the assets of various funds established by donors for the benefit of Chapel Haven Schleifer Center Inc. These funds are invested with a long-term perspective, aiming to ensure the financial stability of Chapel Haven Schleifer Center Inc. The returns from these investments are then distributed to the center for both unrestricted and restricted uses, subject to approval by the board of directors. In essence, Chapel Haven Endowment Inc serves as a financial steward, utilizing its expertise in investment management to safeguard the future financial well-being of Chapel Haven Schleifer Center Inc.
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Impact
October, 2024
Chapel Haven Endowment Inc plays a crucial role in ensuring the long-term financial stability of Chapel Haven Schleifer Center, Inc. By managing and strategically investing endowment and quasi-endowment funds established by donors, it provides essential resources that support the operational needs of the center. The organization focuses on generating returns from these investments that are then allocated for both unrestricted and restricted uses as determined by its board of directors.
The impact of this endowment can be seen in the stability and growth it fosters within the Chapel Haven community, allowing for the continuation and expansion of programs and services that serve individuals with diverse needs. By aligning financial management with the needs of Chapel Haven Schleifer Center, it creates a sustainable foundation that enhances the organization's ability to fulfill its mission and effectively support its beneficiaries.
This information is meant to be a general summary of Chapel Haven Endowment 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: $51,295
- Gross Receipts: $61,870
Assets and Liabilities:
- Total Assets: $11,903,891
- Total Liabilities: $3,965,031
- Net Assets: $7,938,860
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Organization Details
Founding Year
2007
Phone
(203) 397-1714Principal Officer
Mike Storz
Main Address
1040 WHALLEY AVE, NEW HAVEN, CT, 06515
Website
www.chapelhaven.orgNTEE Category
Code: X11 - Religion related
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