Overview
What is St Marcus Foundation Inc?
St. Marcus Foundation Inc, located in Milwaukee, Wisconsin, serves as a financial supporter for various religious, charitable, and educational entities. Its primary mission is to provide financial assistance to further the exempt purposes of St. Marcus Evangelical Lutheran Church Inc, including the backing of St. Marcus Lutheran School. The foundation contributes funds to enhance the work of these entities, contributing to their overall growth and impact within their respective communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
The St Marcus Foundation Inc has received an overall score of 82%, reflecting a solid performance in the Accountability & Finance category. The rating indicates that the organization maintains a transparent and well-governed structure, supported by an independent board and strong financial oversight practices. The foundation demonstrates effective management of financial resources, with a significant portion of expenses directed toward programs.
However, there are notable areas for improvement, particularly in governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy may raise concerns regarding organizational governance. These limitations highlight potential vulnerabilities in the foundation's accountability frameworks, despite its strong financial ratios and program efficiency.
Overall, the St Marcus Foundation Inc presents a commendable profile in terms of financial management and transparency, but it would benefit from enhancing its governance practices to bolster stakeholder confidence and improve its overall rating further.
This AI summary has been generated from information found on Charity Navigator.
Is St Marcus Foundation Inc legitimate?
St Marcus Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Marcus 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
For more financial information, click here
What is the mission statement of St Marcus Foundation Inc?
The St. Marcus Foundation Inc. is committed to providing financial support to advance the exempt purposes of the St. Marcus Evangelical Lutheran Church, Inc. One of its primary focuses is providing financial aid for the St. Marcus Lutheran School. The foundation's mission is to enhance religious, charitable, and educational entities by offering financial assistance. This support aims to further the objectives of the St. Marcus Evangelical Lutheran Church, Inc., contributing to its overall growth and development.
Who is the CEO of St Marcus Foundation Inc?
Lilli Gust is the Vice President of St Marcus Foundation Inc.
What is the revenue of St Marcus Foundation Inc?
St Marcus Foundation Inc's revenue in 2022 was $461,505.
Who are the executives of St Marcus Foundation Inc and what are their salaries?
There 4 volunteers at St Marcus Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Marcus Foundation Inc?
St Marcus Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Marcus Foundation Inc
St. Marcus Foundation Inc is committed to providing financial aid to enhance the religious, charitable, and educational endeavors of various entities. One of its primary missions is to offer financial support to the St. Marcus Evangelical Lutheran Church Inc, with a specific focus on the St. Marcus Lutheran School. By providing such financial assistance, the St. Marcus Foundation Inc aims to further the exempt purposes of the St. Marcus Evangelical Lutheran Church Inc. This support is instrumental in ensuring the continuity and growth of these religious, charitable, and educational ventures.
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Impact
July, 2024
The impact of St Marcus Foundation Inc is seen through its financial support provided to enhance religious, charitable, and educational entities, particularly the St. Marcus Evangelical Lutheran Church in Milwaukee, WI. This support extends to furthering the exempt purposes of the church, including providing financial assistance for the St. Marcus Lutheran School. The foundation's contribution plays a vital role in promoting religious education and community development within the area.
This information is meant to be a general summary of St Marcus 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: $212,813
- Gross Receipts: $1,102,489
Assets and Liabilities:
- Total Assets: $2,702,210
- Total Liabilities: $822
- Net Assets: $2,701,388
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Organization Details
Founding Year
2011
Phone
(414) 267-8371Principal Officer
Lilli Gust
Main Address
2215 N PALMER, MILWAUKEE, WI, 53212
NTEE Category
Code: X11 - Religion related
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