Overview
What is St Noel Endowment Fund?
The St. Noel Endowment Fund, situated in Willoughby Hills, Ohio, is a charitable organization committed to enhancing the welfare and enrichment of its community. By supporting various parish ministries, it addresses social, religious, and community needs related to parishioners. Its mission is to invest in the betterment of St. Noel's community, contributing to initiatives that cater to youth, religious, and surrounding area requirements. Although the details of these ministries are not provided, the fund's primary objective is clear: to contribute positively to the lives of its community members.
Official website here: www.stnoel.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The St Noel Endowment Fund has received an overall score of 83%, indicating a solid level of accountability and financial health. The organization benefits from a fully independent board, with 100% of its members meeting independence criteria, which enhances its governance structure. Additionally, the Fund has shown a commendable program expense ratio of 100%, suggesting that all its expenditures are directed towards its charitable mission.
However, some areas for improvement have been identified. Notably, the St Noel Endowment Fund lacks a whistleblower policy and a document retention and destruction policy, which are important for upholding transparency and accountability. Despite these limitations, the organization maintains a clean record concerning asset diversion, with no reported material issues in this regard.
Overall, while the St Noel Endowment Fund shows strong marks in governance and program spending, addressing the noted policy gaps would further strengthen its accountability and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is St Noel Endowment Fund legitimate?
St Noel Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Noel Endowment Fund 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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Official website here: www.stnoel.org
What is the mission statement of St Noel Endowment Fund?
The St. Noel Endowment Fund serves as an investment in the enrichment and well-being of its community. Its mission is to support various parish ministries that address social, youth, religious, and surrounding area needs related to parishioners and the community in general. By providing financial assistance, the fund aims to contribute to the betterment of the community and meet its diverse needs. The St. Noel Endowment Fund plays a crucial role in enhancing the quality of life for its community members by supporting initiatives that cater to their needs.
Official website here: www.stnoel.org
Who is the CEO of St Noel Endowment Fund?
Kathleen Penko is the Board Chair of St Noel Endowment Fund.
Official website here: www.stnoel.org
What is the revenue of St Noel Endowment Fund?
St Noel Endowment Fund's revenue in 2021 was $114,786.
Official website here: www.stnoel.org
Who are the executives of St Noel Endowment Fund and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.stnoel.org
Where can I find the form 990 for St Noel Endowment Fund?
St Noel Endowment Fund's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.stnoel.org
Learn more at the official website: www.stnoel.org
Mission Statement of St Noel Endowment Fund
The St. Noel Endowment Fund is an investment aimed at enhancing and improving the quality of life within the St. Noel community. This organization serves to support various parish ministries that cater to the social, youth, religious, and surrounding area needs of the parishioners and the community as a whole. By providing financial assistance to these ministries, the St. Noel Endowment Fund contributes to the enrichment and overall well-being of the community.
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Impact
October, 2024
The St. Noel Endowment Fund significantly enhances the enrichment and well-being of the St. Noel community by providing essential support for various parish ministries. Through its targeted investments, the fund addresses social, youth, and religious needs, making a meaningful impact on both parishioners and the surrounding community in Willoughby Hills, OH. This outreach fosters a sense of belonging and encourages the growth of programs that directly benefit individuals and families, ensuring that vital resources are allocated where they are most needed. By strengthening community bonds and promoting spiritual and social growth, the St. Noel Endowment Fund plays a crucial role in uplifting those it serves.
This information is meant to be a general summary of St Noel Endowment Fund. 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.
- Investment Income: $29,338
- Gross Receipts: $198,398
Assets and Liabilities:
- Total Assets: $766,136
- Total Liabilities: $0
- Net Assets: $766,136
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Organization Details
Founding Year
1996
Phone
(440) 946-0887Principal Officer
Kathleen Penko
Main Address
35200 CHARDON ROAD, WILLOUGHBY HILLS, OH, 44094
Website
www.stnoel.orgNTEE Category
Code: T22 - Philanthropy
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