Overview
What is San Damiano Formation Endowment Inc?
San Damiano Formation Endowment Inc is a Kansas-based nonprofit organization, exempt from federal income tax under Section 501(C)(3) of the Internal Revenue Code. Its primary mission is to fundraise for the Capuchin Province of Mid-America, Inc., a Catholic order of priests based in Denver, Colorado. The funds raised by San Damiano are utilized to support various activities of the Province, such as education, expansion, and improvement of education and formation services. The organization also aids in the solicitation, maintenance, and administration of a fund for the Province's benefit. Additionally, it promotes collaborative efforts that advance the goals of the Province and raises awareness of their vocation program to recruit new members. In June 2019, the organization transferred all its investment funds to the Capuchin Province, and in June 2020, the remaining balance was distributed to the same organization.
Is San Damiano Formation Endowment Inc legitimate?
San Damiano Formation Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Damiano Formation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of San Damiano Formation Endowment Inc?
San Damiano Formation Endowment Inc, a nonprofit entity exempt from federal income tax, raises funds to support the Capuchin Province of Mid-America, Inc., a Catholic order of priests. The organization's primary objective is to utilize the collected funds in various activities for the province. These activities include soliciting and maintaining a fund for the province's benefit, aiding in the education of individuals committed to the province, promoting its expansion, improving the quality of education and formation services, engaging in collaborative efforts to advance the province's objectives, and promoting awareness of its vocation program to recruit new members. The endowment also supports efforts to improve the efficiency of those providing services and encourages and supports the province's expansion.
Who is the CEO of San Damiano Formation Endowment Inc?
Teresa M Kempf is the President & Director of San Damiano Formation Endowment Inc.
What is the revenue of San Damiano Formation Endowment Inc?
San Damiano Formation Endowment Inc's revenue in 2020 was $2.
Who are the executives of San Damiano Formation Endowment Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for San Damiano Formation Endowment Inc?
San Damiano Formation Endowment Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of San Damiano Formation Endowment Inc
San Damiano Formation Endowment Inc, a nonprofit entity exempt from federal income tax, primarily functions to raise funds for the Capuchin Province of Mid-America, Inc., a Catholic order of priests based in Denver, Colorado. The organization's primary mission is to support the various activities of the province, including:
1. Soliciting, receiving, maintaining, and administering funds for the benefit of the province.
2. Aiding in the education of individuals committed to the province.
3. Encouraging, supporting, and promoting the expansion of the province.
4. Improving the quality of education and formation services, as well as the efficiency of those providing such services.
5. Engaging in collaborative efforts that will advance the objectives of the province.
6. Promoting awareness of the province's vocation program to recruit individuals to the province.
In essence, San Damiano Formation Endowment Inc plays a vital role in supporting the Capuchin Province of Mid-America, Inc., contributing to its educational, expansion, and awareness efforts. The organization's goal is to improve the quality of services provided by the province and encourage individuals to join its vocation program.
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Impact
October, 2024
San Damiano Formation Endowment Inc plays a crucial role in supporting the Capuchin Province of Mid-America by fundraising and managing resources dedicated to various initiatives of the Province. The impact of this organization is multifaceted:
1. **Financial Support**: By soliciting and maintaining funds, the organization ensures that the Province has the financial resources necessary to sustain its operations and activities. This financial backing is instrumental in enabling the Province to focus on its mission.
2. **Educational Advancement**: The endowment aids in the education of individuals committed to the Province, enhancing the training and development of future leaders and clergy. This focus on education contributes to the overall competence and effectiveness of the Order's members.
3. **Growth and Expansion**: The organization actively encourages and promotes the expansion of the Province, helping to increase its reach and influence within the community. This effort not only strengthens the Province but also enriches the local and broader Catholic community.
4. **Quality Improvement**: By investing in the quality of education and formation services, the endowment contributes to more effective and skilled individuals serving in various capacities within the Province. This improvement enhances the Province's ability to fulfill its religious and community-oriented missions.
5. **Collaboration Efforts**: Engaging in collaborative efforts to advance the objectives of the Province fosters partnerships that can lead to innovative programs and stronger community ties, amplifying the impact of activities undertaken by the Province.
6. **Vocation Promotion**: The organization plays a critical role in promoting awareness of the Province's vocation programs, which is essential for recruiting new members and ensuring the sustainability of its mission. By attracting committed individuals, the Province can continue to thrive and serve effectively.
Overall, San Damiano Formation Endowment Inc significantly impacts the vitality and effectiveness of the Capuchin Province of Mid-America, enhancing its ability to serve its community and fulfill its spiritual mission.
This information is meant to be a general summary of San Damiano Formation 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 2020.
- Investment Income: $2
- Gross Receipts: $2
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2008
Phone
(913) 485-4596Principal Officer
Teresa M Kempf
Main Address
30541 EXPLORERS TRAIL, DE SOTO, KS, 66018
NTEE Category
Code: X112 - Religion related
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