Overview
What is Aquinas Education & Formation Trust?
Aquinas Education & Formation Trust is a nonprofit organization based in New Orleans, Louisiana. Its primary mission is to raise funds for the education of men pursuing the priesthood and the ongoing religious formation of religious individuals. The trust operates with a specific goal of amassing a corpus of $5,000,000 before distributing any funds. The trust's activities are focused on supporting religious formation through education, thereby contributing to the growth and development of the religious community.
Is Aquinas Education & Formation Trust legitimate?
Aquinas Education & Formation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aquinas Education & Formation Trust 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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What is the mission statement of Aquinas Education & Formation Trust?
The Aquinas Education & Formation Trust is dedicated to supporting the education of men for the priesthood and the ongoing education of religious formation. Their mission involves nurturing a trust fund specifically for religious formation. The primary objective is to grow this trust fund to reach a corpus of $5,000,000, after which funds can be distributed. Until then, the trust serves to support the organization's mission in the realm of religious education.
Who is the CEO of Aquinas Education & Formation Trust?
Fr Augustine Dearmond O is the Principal Officer of Aquinas Education & Formation Trust.
What is the revenue of Aquinas Education & Formation Trust?
Aquinas Education & Formation Trust's revenue in 2021 was $0.
Who are the executives of Aquinas Education & Formation Trust 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 Aquinas Education & Formation Trust?
Aquinas Education & Formation Trust's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Aquinas Education & Formation Trust
Aquinas Education & Formation Trust is an organization dedicated to furthering the education of men pursuing the priesthood and providing continuing education for religious formation. The trust serves as a supporting foundation, aiming to accumulate funds for this mission. It strives to grow its corpus to reach a minimum of $5,000,000 before distributing any funds. This financial target is essential for the trust to effectively support its mission in religious formation.
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Impact
October, 2024
Aquinas Education & Formation Trust significantly contributes to the education and formation of individuals pursuing the priesthood and ongoing religious formation. By focusing on building a robust trust fund, the organization aims to support its mission sustainably. The commitment to growing the fund until it reaches a $5,000,000 corpus demonstrates a long-term strategy to ensure that future generations have access to necessary resources for their religious education and formation. This impact fosters a vibrant community of well-educated religious leaders who are adequately prepared for their roles, ultimately benefiting the broader faith community in New Orleans and beyond. Through its efforts, Aquinas Education & Formation Trust plays a crucial role in nurturing spiritual growth and leadership within religious contexts.
This information is meant to be a general summary of Aquinas Education & Formation Trust. 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 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2010
Phone
(504) 837-2129Principal Officer
Fr Augustine Dearmond O
Main Address
1611 MIRABEAU AVENUE, NEW ORLEANS, LA, 70122
NTEE Category
Code: X112 - Religion related
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