Overview
What is Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage?
The Monsignor Jerome Schmit Charitable Foundation, under the guidance of Scott Savage, is a nonprofit organization dedicated to making a positive impact in the Greater Toledo area. Their primary mission involves providing financial assistance to various organizations, focusing on supporting the underprivileged, promoting arts and literature, and contributing to charitable causes. Specifically, they fund activities that benefit the less fortunate, contribute to the preservation and advancement of artistic and literary pursuits, and engage in charitable endeavors that enhance their local community. As part of their initiatives, they support the Diocese of Toledo's campus ministry and St. John's Jesuit High School.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (63%) - Two-Star out of Four Stars
The Monsignor Jerome Schmit Charitable Foundation holds a "Needs Improvement" rating from Charity Navigator, indicating that there are notable areas of concern regarding its accountability and transparency. While the organization does excel in having a majority of independent board members, it falls short in several critical policies and practices, such as conflict of interest and whistleblower policies, which received the lowest possible scores.
Strengths of the organization include a solid program expense ratio, showing that it allocates a significant portion of its funds directly to its charitable mission. Additionally, it has maintained a balanced liabilities to assets ratio, indicating financial stability. However, the lack of an independent board size and various policy deficiencies raise questions about governance practices and overall transparency.
Overall, while the foundation demonstrates some positive financial management traits, the significant gaps in its governance policies suggest that improvements are urgently needed to enhance accountability and build trust with donors and stakeholders. Addressing these limitations will be crucial for the foundation to progress beyond its current rating.
This AI summary has been generated from information found on Charity Navigator.
Is Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage legitimate?
Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage 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
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What is the mission statement of Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage?
The Monsignor Jerome Schmit Charitable Foundation, overseen by Scott Savage, is primarily committed to providing financial aid. Its mission extends to supporting organizations engaged in activities that benefit the less fortunate, promote the arts and literature, enhance community welfare within the Greater Toledo area, and engage in various other charitable initiatives. The foundation's primary objective is to contribute financially to these noble causes.
Who is the CEO of Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage?
Scott J Savage is the Officer/Ttee of Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage.
What is the revenue of Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage?
Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage's revenue in 2022 was $17,675.
Who are the executives of Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage?
Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage
The Monsignor Jerome Schmit Charitable Foundation, under the leadership of Scott Savage, is primarily dedicated to providing financial support for various causes. The organization's mission extends to assisting organizations engaged in activities that benefit the less fortunate, promote the arts and literature, and contribute to the betterment of the community in the greater Toledo area. Additionally, the foundation engages in other charitable activities aimed at improving the well-being of the community. The Monsignor Jerome Schmit Charitable Foundation's primary purpose is to serve as a financial backbone for initiatives that align with its mission, thereby contributing to the betterment of society as a whole.
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Impact
August, 2024
The Monsignor Jerome Schmit Charitable Foundation, through its financial support for the needy, the arts and literature, and charitable causes, has made a significant impact in the Greater Toledo area. By providing funding to organizations engaged in activities that benefit the poor and contribute to the community's well-being, the foundation plays a vital role in improving the lives of those in need. Additionally, the foundation's support of programs such as the Diocese of Toledo campus ministry and St. John's Jesuit High School demonstrates its commitment to fostering education and community development. Overall, the Monsignor Jerome Schmit Charitable Foundation's efforts have helped to create positive change and support those most vulnerable in the Greater Toledo area.
This information is meant to be a general summary of Monsignor Jerome Schmit Charitable Foundation C/O Scott Savage. 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: $15,319
- Gross Receipts: $63,123
Assets and Liabilities:
- Total Assets: $510,861
- Total Liabilities: $200
- Net Assets: $510,661
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Organization Details
Founding Year
1989
Phone
(419) 885-2626Principal Officer
Scott J Savage
Main Address
6711 MONROE STREET A, SYLVANIA, OH, 435609806
NTEE Category
Code: Z99 - Unknown
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