Overview
What is Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian?
The Religious and Charitable Risk Pooling Trust of the Brothers of the Christian, also known as the Christian Brothers Risk Pooling Trust, is a nonprofit organization located in Romeoville, Illinois, with the address 1205 Windham PKWY. Its primary mission is to offer protection and indemnify its beneficiaries against financial losses resulting from property damage, destruction, loss, or legal liability. Furthermore, the Trust extends coverage to full-time students of the beneficiaries for accidents, sickness, or disability. In addition, it provides workers' compensation, occupational disease, and employer liability to its beneficiaries. Established to provide financial security and risk mitigation for its members, the Trust continues to serve its purpose.
Official website here: www.cbservices.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating
The Religious and Charitable Risk Pooling Trust of the Brothers of the Christian has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization excels in areas such as having a completely independent board and high program expense ratio, demonstrating strong financial responsibility and governance practices.
While the charity showcases strong financial metrics, some areas need improvement. Notably, the absence of a whistleblower policy and document retention procedures raises questions about its overall transparency and risk management. Additionally, the failure to post certain required documents on their website may hinder public access to important information.
Overall, the charity's financial health appears robust, with an impressive program expense ratio that suggests a commitment to its mission. However, addressing the noted deficiencies could enhance its accountability and provide greater assurance to donors and stakeholders about its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian legitimate?
Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian is a legitimate nonprofit organization registered as a 501(c)(3) entity. Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian 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.cbservices.org/
What is the mission statement of Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian?
The Religious and Charitable Risk Pooling Trust was founded to shield its beneficiaries from potential financial risks. This trust offers protection against various forms of financial loss for its members, including damage or destruction of property and legal liability. It also safeguards full-time students of the beneficiaries from accidents, sickness, or disability. Moreover, the trust provides workers' compensation, occupational disease coverage, and employer liability to its beneficiaries. In essence, it acts as a safety net, indemnifying the beneficiaries against unexpected financial burdens.
Official website here: www.cbservices.org/
Who is the CEO of Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian?
Patrick Feehan is the Trustee of Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian.
Official website here: www.cbservices.org/
What is the revenue of Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian?
Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian's revenue in 2022 was $106,946,529.
Official website here: www.cbservices.org/
Who are the executives of Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.cbservices.org/
Where can I find the form 990 for Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian?
Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbservices.org/
Learn more at the official website: www.cbservices.org/
Mission Statement of Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian
The Religious and Charitable Risk Pooling Trust of the Brothers of the Christian, commonly known as the Trust, is a mission-driven organization established to shield its beneficiaries from potential financial risks. In simpler terms, this Trust was founded to provide protection and indemnify its members against various financial losses.
The Trust safeguards its beneficiaries from potential financial losses due to property damage, destruction, or loss, as well as the imposition of legal liability. Furthermore, it extends coverage to full-time students of the beneficiaries, safeguarding them against the risks of loss due to accidents, sickness, or disability.
Additionally, the Trust offers workers' compensation, occupational disease, and employer liability to its beneficiaries. These benefits ensure that the Trust's members are financially secure in the face of unforeseen circumstances, providing them with peace of mind and allowing them to focus on their religious and charitable pursuits.
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Impact
October, 2024
The Religious and Charitable Risk Pooling Trust of the Brothers of the Christian plays a significant role in providing financial security to its beneficiaries. By offering protection against financial losses that may arise from various risks, including damage, destruction, loss of property, or legal liabilities, the trust creates a safety net that helps individuals and organizations focus on their missions without the constant anxiety of potential financial hardships.
Moreover, the trust extends its support to full-time students of the beneficiaries, safeguarding them against the economic impact of accidents, sickness, or disablement. This focus on student welfare highlights the trust's commitment to ensuring that the educational experiences of young individuals are not unduly disrupted by unforeseen events.
Additionally, the provision of workers' compensation, occupational disease coverage, and employer liability is crucial in fostering a safe working environment for employees associated with the beneficiaries. This not only promotes the physical well-being of the workforce but also contributes to a stable and productive organizational culture.
Overall, the trust serves as a vital resource that minimizes financial risks, thereby enhancing the capacity of the religious and charitable organizations to thrive and serve their communities effectively.
This information is meant to be a general summary of Religious And Charitable Risk Pooling Trust Of The Brothers Of The Christian. 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: $5,160,001
- Program Service Revenue: $101,780,952
- Gross Receipts: $231,174,816
Assets and Liabilities:
- Total Assets: $387,643,733
- Total Liabilities: $232,680,250
- Net Assets: $154,963,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS EARNED
Revenue
$101,780,952
Organization Details
Founding Year
1980
Phone
(630) 378-2900Principal Officer
Patrick Feehan
Main Address
1205 WINDHAM PKWY, ROMEOVILLE, IL, 604461672
Website
www.cbservices.org/NTEE Category
Code: X20 - Religion related
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