Overview
What is Magnificat Foundation Inc?
The Magnificat Foundation Inc, situated in Yonkers, New York, is a charitable organization devoted to facilitating access to quality Catholic prayer resources for individuals in need. Its primary mission is to promote expressions of faith, prayer, and devotion, aligning with the Catholic Church's magisterium and ethical guidance. The foundation subsidizes subscriptions to Catholic publications for disadvantaged groups, including prisoners, military personnel, students, and others who cannot afford them. The Magnificat Foundation also hosts events, such as the Cardinal Egan Lecture in New York, attracting about 400 attendees. Overall, the organization's purpose is to make spiritual opportunities and resources available, particularly for those with limited access.
Official website here: www.magnificat.net/foundation
Is Magnificat Foundation Inc legitimate?
Magnificat Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnificat 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.
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Official website here: www.magnificat.net/foundation
What is the mission statement of Magnificat Foundation Inc?
The Magnificat Foundation Inc's mission is centered around promoting expressions of faith, prayer, and devotion. This mission is in line with the teachings and moral guidance of the Catholic Church, as outlined by the Magisterium. The foundation seeks to raise and provide financing and sponsorship for various activities that support this mission, such as conferences, conventions, publications, missions, video recordings, and other related instruments. Notably, the foundation aims to make these opportunities accessible, particularly for those who may find it challenging to access them. This is accomplished through the foundation's conferences, conventions, publications, missions, and video recordings.
Official website here: www.magnificat.net/foundation
Who is the CEO of Magnificat Foundation Inc?
Axel D'Epinay is the President of Magnificat Foundation Inc.
Official website here: www.magnificat.net/foundation
What is the revenue of Magnificat Foundation Inc?
Magnificat Foundation Inc's revenue in 2022 was $20,341.
Official website here: www.magnificat.net/foundation
Who are the executives of Magnificat Foundation Inc and what are their salaries?
There 11 volunteers at Magnificat Foundation Inc.
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Official website here: www.magnificat.net/foundation
Where can I find the form 990 for Magnificat Foundation Inc?
Magnificat Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.magnificat.net/foundation
Learn more at the official website: www.magnificat.net/foundation
Mission Statement of Magnificat Foundation Inc
Magnificat Foundation Inc is dedicated to promoting expressions of faith, prayer, and devotion. Their mission aligns with the teachings and moral guidance of the Catholic Church, as outlined by the Magisterium. The foundation seeks to raise funds and offer sponsorship for various conferences, conventions, publications, missions, video recordings, and other tools that support this mission. By providing these opportunities, Magnificat Foundation Inc aims to make them accessible, especially for individuals who may not have easy access to them otherwise. Through their initiatives, the foundation supports the wider Catholic community in its spiritual journey.
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Impact
August, 2024
Magnificat Foundation Inc's impact is significant in promoting expressions of faith, prayer, and devotion within the Catholic community. The foundation plays a crucial role in providing quality Catholic prayer resources to those in need who may not be able to afford them otherwise. By subsidizing subscriptions for the needy and offering complimentary subscriptions of Catholic publications, the foundation reaches out to deserving young people, seminarians, retired clergy, members of religious orders, prisoners, members of the military on active duty, women in distress, hospital patients, and many others.
Additionally, through events like the Cardinal Egan Lecture in New York, NY, which attracts around 400 attendees, Magnificat Foundation Inc fosters a platform for spiritual growth and education. By sponsoring conferences, conventions, publications, missions, and video recordings that align with the teachings of the Catholic Church, the foundation ensures that individuals have access to these resources, especially those who may not have easy accessibility otherwise.
Overall, Magnificat Foundation Inc's impact is evident in providing spiritual support, resources, and opportunities for individuals to deepen their faith and connection to the Catholic Church, ultimately fostering a stronger sense of community and devotion.
This information is meant to be a general summary of Magnificat 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.
- Gross Receipts: $20,341
Assets and Liabilities:
- Total Assets: $246,604
- Total Liabilities: $37,937
- Net Assets: $208,667
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Organization Details
Founding Year
2010
Phone
(914) 502-1855Principal Officer
Axel D'Epinay
Main Address
86 MAIN STREET 303, YONKERS, NY, 10701
NTEE Category
Code: X22 - Religion related
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