Overview
What is The John & Mildred Clifford Charitable Farm Trust Uad 01212008?
The John & Mildred Clifford Charitable Farm Trust Uad 01212008 is a charitable organization based in Mahomet, Illinois. With a primary focus on distributing 50% of its net income, the trust supports both the Roman Catholic Church, Diocese of Peoria, Illinois, and The High School of St. Thomas More in Champaign, Illinois, for religious or charitable purposes, as per their agreement. Serving as a Type III 509(a)(3) supporting organization, its mission is to raise and distribute income to these two entities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (57%)
The John & Mildred Clifford Charitable Farm Trust has received a one-star rating from Charity Navigator, reflecting overall concerns regarding its accountability and financial practices. With an overall score of 57%, the organization lacks independent board members, which raises questions about governance and oversight. While it shows strong performance in program expense ratio and management of assets, several crucial policies and required documentation are missing or not publicly accessible.
The organization has a conflict of interest policy in place, which is a positive aspect; however, it falls short in areas such as having a whistleblower policy, document retention and destruction protocols, and posting board meeting minutes. These deficiencies can undermine trust in the organization’s operations and transparency. The absence of a website listed on its tax form and other missing documents further detracts from its accountability measures.
Overall, while The John & Mildred Clifford Charitable Farm Trust demonstrates a commitment to its programming, the lack of governance practices and transparency mechanisms significantly impacts its rating and public perception. Improvements in board independence and comprehensive policy implementation would be necessary for enhancing its credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The John & Mildred Clifford Charitable Farm Trust Uad 01212008 legitimate?
The John & Mildred Clifford Charitable Farm Trust Uad 01212008 is a legitimate nonprofit organization registered as a 501(c)(3) entity. The John & Mildred Clifford Charitable Farm Trust Uad 01212008 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: $13,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The John & Mildred Clifford Charitable Farm Trust Uad 01212008?
The John & Mildred Clifford Charitable Farm Trust Uad 01212008 serves as a Type III 509(a)(3) supporting organization, with its primary objective being the collection and distribution of income. The main beneficiaries of this income are the Roman Catholic Church, Diocese of Peoria, Illinois, and The High School of St. Thomas More, located in Champaign, Illinois. The Trust is directed to allocate 50% of its net income to the Roman Catholic Church, to be utilized for religious or charitable purposes, as outlined in the John & Mildred Clifford Charitable Farm Trust Agreement. The Trust's mission is not focused on raising awareness or conducting research, but rather on financially supporting these two institutions.
Who is the CEO of The John & Mildred Clifford Charitable Farm Trust Uad 01212008?
William A Peithmann is the Trustee of The John & Mildred Clifford Charitable Farm Trust Uad 01212008.
What is the revenue of The John & Mildred Clifford Charitable Farm Trust Uad 01212008?
The John & Mildred Clifford Charitable Farm Trust Uad 01212008's revenue in 2023 was $86,877.
Who are the executives of The John & Mildred Clifford Charitable Farm Trust Uad 01212008 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The John & Mildred Clifford Charitable Farm Trust Uad 01212008?
The John & Mildred Clifford Charitable Farm Trust Uad 01212008's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The John & Mildred Clifford Charitable Farm Trust Uad 01212008
The John & Mildred Clifford Charitable Farm Trust Uad 01212008 is a Type III 509(a)(3) supporting organization, with a mission to exclusively raise and distribute income. This organization has been established for the benefit of two primary recipients: the Roman Catholic Church, Diocese of Peoria, Illinois, and The High School of St. Thomas More, located in Champaign, Illinois. The Trust's purpose is to distribute 50% of its net income to the Roman Catholic Church, which can then utilize this income for religious or charitable purposes, as outlined in the John & Mildred Clifford Charitable Farm Trust Agreement. This charitable organization plays a crucial role in supporting these two institutions, contributing financially to their ongoing operations and endeavors.
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Impact
October, 2024
The John & Mildred Clifford Charitable Farm Trust Uad 01212008 plays a significant role in supporting religious and educational initiatives within the Catholic community in Illinois. By distributing 50% of its net income to the Roman Catholic Church, Diocese of Peoria, it ensures that funds are available for various charitable and religious purposes, thereby enhancing community welfare and the mission of the Church.
Moreover, the Trust's contributions to The High School of St. Thomas More in Champaign provide vital financial support that helps maintain educational programs and resources, benefiting students and the wider community. The Trust's commitment to philanthropy serves as a crucial lifeline for these institutions, allowing them to continue their missions of faith and education. Through its focused distribution of income, the Trust significantly impacts both the religious life and educational opportunities within the region, fostering a sense of community and support that can resonate for generations.
This information is meant to be a general summary of The John & Mildred Clifford Charitable Farm Trust Uad 01212008. 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 2023.
- Investment Income: $13,912
- Gross Receipts: $227,865
Assets and Liabilities:
- Total Assets: $2,016,489
- Total Liabilities: $93,734
- Net Assets: $1,922,755
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Organization Details
Founding Year
2019
Phone
(217) 586-6102Principal Officer
William A Peithmann
Main Address
409 East Main Street P O Box 80, Mahomet, IL, 61853
NTEE Category
Code: T90 - Philanthropy
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