Overview
What is New Mount Carmel Foundation Inc?
New Mount Carmel Foundation Inc is a nonprofit organization established to cater to the temporal needs of the monks of the Most Blessed Virgin Mary of Mount Carmel. The foundation's primary mission is to collect donations from various sources and facilitate the procurement and development of a new monastery for this rapidly expanding community of young monks. By bringing together diverse contributions, the foundation aims to provide the monks with a suitable living space, thereby supporting their spiritual growth and community development.
Official website here: www.newmountcarmelfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (73%)
The New Mount Carmel Foundation Inc has received a rating of "Needs Improvement" from Charity Navigator, with an overall score of 73%. While the organization showcases strong governance with a fully independent board and no material diversion of assets, there are notable gaps in accountability and financial transparency, particularly concerning missing financial statements and critical policies.
Strengths include a high program expense ratio of 96.45%, indicating that a significant portion of its resources is allocated to program services rather than administrative costs. The organization also has a solid whistleblower policy and conflict of interest policy in place, contributing positively to its governance ratings. However, shortcomings such as the absence of a whistleblower policy and missing documentation related to financial statements may raise concerns among donors about overall transparency.
Overall, while New Mount Carmel Foundation Inc demonstrates strong program spending and independent governance, potential donors should consider the significant gaps in financial reporting and accountability practices before contributing. Addressing these limitations could enhance the organization’s credibility and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is New Mount Carmel Foundation Inc legitimate?
New Mount Carmel Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mount Carmel Foundation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.newmountcarmelfoundation.org
What is the mission statement of New Mount Carmel Foundation Inc?
The New Mount Carmel Foundation Inc's mission is centered around servicing the temporal needs of a rapidly growing community of young monks affiliated with the Most Blessed Virgin Mary of Mount Carmel. This is achieved by gathering donations from various sources and facilitating the acquisition and development of a new monastery for this community. The foundation's primary objective is to provide the necessary resources for the monks' living and spiritual growth, thereby ensuring the continuity and prosperity of their community.
Official website here: www.newmountcarmelfoundation.org
Who is the CEO of New Mount Carmel Foundation Inc?
Br Andrew Bridges is the President of New Mount Carmel Foundation Inc.
Official website here: www.newmountcarmelfoundation.org
What is the revenue of New Mount Carmel Foundation Inc?
New Mount Carmel Foundation Inc's revenue in 2022 was $1,253,550.
Official website here: www.newmountcarmelfoundation.org
Who are the executives of New Mount Carmel Foundation Inc and what are their salaries?
There 1 volunteer at New Mount Carmel Foundation Inc.
Here are 5 key members and their salaries:
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- Other: $0
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Official website here: www.newmountcarmelfoundation.org
Where can I find the form 990 for New Mount Carmel Foundation Inc?
New Mount Carmel Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newmountcarmelfoundation.org
Learn more at the official website: www.newmountcarmelfoundation.org
Mission Statement of New Mount Carmel Foundation Inc
New Mount Carmel Foundation Inc is dedicated to meeting the temporal needs of the monks of the Most Blessed Virgin Mary of Mount Carmel. This organization serves a rapidly growing community of young monks by gathering donations from various sources and facilitating the purchase and development of a new monastery for them. By doing so, New Mount Carmel Foundation Inc plays a crucial role in providing a secure and suitable living space for these religious individuals, enabling them to focus on their spiritual pursuits. The foundation's mission is to support the monks' temporal needs, ensuring they have the necessary resources to thrive in their religious life.
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Impact
October, 2024
New Mount Carmel Foundation Inc significantly impacts the community of the Monks of the Most Blessed Virgin Mary of Mount Carmel by addressing their temporal needs. By gathering donations from various sources, the organization plays a crucial role in facilitating the acquisition and development of a new monastery. This effort supports a rapidly growing community of young monks, ensuring they have the resources and space required for their religious practices and communal life. The foundation’s initiative not only provides immediate assistance but also fosters a sustainable environment for spiritual growth and development. Through these efforts, it strengthens the community's foundation, allowing the monks to focus on their mission and service.
This information is meant to be a general summary of New Mount Carmel Foundation 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: $33,129
- Program Service Revenue: $68,249
- Gross Receipts: $1,253,550
Assets and Liabilities:
- Total Assets: $41,268,347
- Total Liabilities: $0
- Net Assets: $41,268,347
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
1079 MEETEETSE CREEK RD
Revenue
$36,000
LIVESTOCK SALES
Revenue
$16,837
REIMBURSED EXPENSES
Revenue
$15,412
Organization Details
Founding Year
2008
Phone
(307) 645-3310Principal Officer
Br Andrew Bridges
Main Address
PO BOX 2507, CODY, WY, 82414
NTEE Category
Code: X112 - Religion related
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