Overview
What is Northern Michigan Catholic Foundation?
The Northern Michigan Catholic Foundation is a nonprofit organization situated in Gaylord, Michigan. Its primary mission is to offer charitable assistance to the Catholic community in Northern Michigan, specifically within the Diocese of Gaylord. This support encompasses spiritual, educational, and social needs. The foundation is committed to responsible and efficient fundraising, financial management, stewardship, and resource utilization, all guided by the teachings of the Roman Catholic faith. The foundation provides grants to various Catholic churches, schools, and organizations to fulfill this mission. The organization's address is 308 WEST MAIN STREET, Gaylord, MI 49735.
Official website here: www.nmcatholicfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% - Four-Star out of Four Star Rating
The Northern Michigan Catholic Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The foundation's high score of 95% indicates that it operates with a high level of transparency and financial efficiency, which is essential for donor trust and support. The organization has fully independent board members and demonstrates effective oversight in its financial practices.
Strengths of the foundation include its high program expense ratio of 83.72%, meaning a significant portion of its resources are directed toward its charitable programs. Additionally, it boasts a very low fundraising efficiency ratio, demonstrating that it raises funds effectively with minimal cost. The organization also has robust policies in place, such as conflict of interest and document retention policies, ensuring responsible governance.
However, one noted limitation is the absence of a whistleblower policy, which may limit transparency in reporting potential issues. Despite this, the overall financial health appears strong with a liabilities to assets ratio of just 0.13% and a working capital ratio of 41.82 years, indicating good long-term stability. Overall, the Northern Michigan Catholic Foundation stands out for its strong financial management and accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Michigan Catholic Foundation legitimate?
Northern Michigan Catholic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Michigan Catholic Foundation 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:
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For more financial information, click here
Official website here: www.nmcatholicfoundation.org
What is the mission statement of Northern Michigan Catholic Foundation?
The Northern Michigan Catholic Foundation is established to financially assist the spiritual, educational, and social needs of the local Roman Catholic community within the Diocese of Gaylord. The foundation is committed to responsible and effective fundraising, financial management, stewardship, and resource utilization, all in line with the teachings of the Roman Catholic faith. The foundation provides charitable assistance to Catholic churches, schools, and other Catholic organizations in Northern Michigan, aligning with its mission to support the Catholic community.
Official website here: www.nmcatholicfoundation.org
Who is the CEO of Northern Michigan Catholic Foundation?
Christie Perdue is the Vice President of Northern Michigan Catholic Foundation.
Official website here: www.nmcatholicfoundation.org
What is the revenue of Northern Michigan Catholic Foundation?
Northern Michigan Catholic Foundation's revenue in 2022 was $6,801,988.
Official website here: www.nmcatholicfoundation.org
Who are the executives of Northern Michigan Catholic Foundation and what are their salaries?
There 10 volunteers at Northern Michigan Catholic Foundation.
Here are 10 key members and their salaries:
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Official website here: www.nmcatholicfoundation.org
Where can I find the form 990 for Northern Michigan Catholic Foundation?
Northern Michigan Catholic Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmcatholicfoundation.org
Learn more at the official website: www.nmcatholicfoundation.org
Mission Statement of Northern Michigan Catholic Foundation
The Northern Michigan Catholic Foundation is dedicated to financially supporting the spiritual, educational, and social needs of the local Roman Catholic community within the Diocese of Gaylord. The organization's mission involves responsible and effective fundraising, financial management, stewardship, and resource utilization, all guided by the teachings of the Roman Catholic faith. The Foundation's primary goal is to provide charitable assistance to the Catholic community in Northern Michigan, and it achieves this by granting funds to Catholic churches, schools, and other Catholic organizations that align with its mission.
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Impact
October, 2024
The Northern Michigan Catholic Foundation plays a vital role in enhancing the spiritual, educational, and social fabric of the local Roman Catholic community within the Diocese of Gaylord. By providing financial support to churches, schools, and various Catholic organizations, it addresses essential needs and fosters a sense of community.
Through its commitment to responsible and effective fundraising and financial management, the foundation ensures that resources are allocated in a manner consistent with the teachings of the Roman Catholic faith. This stewardship not only strengthens the community but also empowers individuals and organizations to fulfill their missions and serve those in need.
The grants distributed by the foundation facilitate a wide range of activities that benefit the Catholic community in Northern Michigan, from educational programs in schools to social services provided by parishes. The impact resonates deeply, creating opportunities for spiritual growth, educational advancement, and outreach initiatives that uplift and enrich lives across the region. Overall, the Northern Michigan Catholic Foundation significantly enhances the welfare and cohesion of the Catholic community it serves.
This information is meant to be a general summary of Northern Michigan Catholic Foundation. 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: $1,042,392
- Gross Receipts: $6,801,988
Assets and Liabilities:
- Total Assets: $30,264,807
- Total Liabilities: $49,493
- Net Assets: $30,215,314
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Organization Details
Founding Year
1998
Phone
(231) 922-9070Principal Officer
Christie Perdue
Main Address
308 WEST MAIN STREET, GAYLORD, MI, 49735
Website
www.nmcatholicfoundation.orgNTEE Category
Code: X12 - Religion related
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