Overview
What is Mary's Pence?
Mary's Pence is a nonprofit organization based in St. Paul, Minnesota, dedicated to promoting Catholic social justice. They invest in women across the Americas by funding community initiatives and fostering collaborations to drive social change. Their primary focus is on supporting small women's projects in North, South, Central America, and the Caribbean, aiming to improve the overall health and well-being of these women through increased economic self-sufficiency. Mary's Pence achieves this by providing funding for local lending pools, offering business skills training, and coaching small enterprises. They collaborate with existing local women's organizations and strengthen their capacities. Last year, they conducted a year-long leadership and organizational effectiveness program for 17 women in five countries. Emotional wellness has become a recent focus, with sponsorship of local group workshops and online emotional wellness tools. Mary's Pence partners with 11 groups in four countries, and over $145,000 is in circulation in local lending pools, benefiting over 1,200 women over time. The organization currently employs 6 individuals.
Official website here: www.maryspence.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%, Four-Star out of Four Stars
Mary's Pence has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a 100% score in accountability and finance, the organization demonstrates effective governance, including a fully independent board and transparent financial practices. Additionally, its program expense ratio of 82.38% indicates a significant portion of funds are directed toward its mission of empowering women, primarily in the Americas.
User feedback highlights the impactful support that Mary's Pence provides to women-led organizations. Grantees consistently express gratitude for the early funding and mentorship that have been crucial in launching their initiatives. The organization's focus on building relationships and community connections has been praised, as it fosters collaboration among grantees and enhances their capacity to create social change.
However, some limitations in leadership and adaptability scores reflect challenges in responding to ongoing external changes. Despite this, the nonprofit's strong commitment to leadership development and community engagement suggests that it is well-positioned to navigate these challenges effectively. Overall, Mary's Pence is recognized for its dedication to empowering marginalized women and fostering sustainable change within communities.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Mary's Pence legitimate?
Mary's Pence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mary's Pence 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: $97,613
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,081
For more financial information, click here
Official website here: www.maryspence.org
What is the mission statement of Mary's Pence?
Mary's Pence promotes Catholic social justice by channeling donated resources to small-scale initiatives aimed at empowering women in North America, South America, Central America, and the Caribbean. The organization's primary focus is on supporting women's projects that significantly improve their overall health and well-being, primarily through enhanced economic self-sufficiency. Mary's Pence offers resources and training programs to boost women's financial power, while simultaneously fostering education and leadership development. Their mission is to help these women lead fulfilling lives, ultimately resulting in a positive impact on their communities.
Official website here: www.maryspence.org
Who is the CEO of Mary's Pence?
Katherine Wojtan is the President of Mary's Pence.
Official website here: www.maryspence.org
What is the revenue of Mary's Pence?
Mary's Pence's revenue in 2023 was $764,406.
Official website here: www.maryspence.org
Who are the executives of Mary's Pence and what are their salaries?
The average compensation at Mary's Pence during 2023 was $40,616. There are 6 employees and 10 volunteers at Mary's Pence.
Here are 14 key members and their salaries:
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- Compensation: $79,404
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- Other: $13,836
Official website here: www.maryspence.org
Where can I find the form 990 for Mary's Pence?
Mary's Pence's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.maryspence.org
Learn more at the official website: www.maryspence.org
Mission Statement of Mary's Pence
Mary's Pence is an organization that invests in women across the Americas by funding community initiatives and fostering collaborations to drive social change. The mission of Mary's Pence is rooted in promoting Catholic social justice. By directing donated resources to small women's projects in North America, South America, Central America, and the Caribbean, Mary's Pence aims to improve the overall health and well-being of women in these regions. The focus is on ministries that directly impact the quality of life, providing resources and training that increase women's economic power while also fostering education and expanding leadership. By doing so, Mary's Pence empowers women to achieve increased economic self-sufficiency, thereby contributing to a more equitable society.
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Impact
October, 2024
Mary's Pence has made a significant impact on women's economic autonomy and empowerment across the Americas. Through initiatives like the Espera Program, it partners with women's organizations in Central America and Mexico to promote economic security by developing small enterprises.
The organization focuses on creating locally owned lending pools, providing funding that has circulated over $145,000, which has benefited more than 1,200 women through loans. This financial support is complemented by essential business skills training and personalized coaching for small businesses, equipping women with the tools they need to thrive economically.
Mary's Pence places a strong emphasis on leadership development, evidenced by a year-long program that enhances organizational effectiveness for women leaders across five countries. It also addresses emotional wellness, offering workshops and online resources to foster overall well-being, acknowledging the interconnectedness of mental health and economic empowerment.
By strengthening local women's organizations and creating a collaborative network, Mary's Pence not only enhances the economic self-sufficiency of individuals but also promotes broader social change, improving the quality of life for women and communities throughout the region.
This information is meant to be a general summary of Mary's Pence. 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 2023.
- Investment Income: $22,506
- Gross Receipts: $765,159
Assets and Liabilities:
- Total Assets: $742,083
- Total Liabilities: $43,724
- Net Assets: $698,359
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Organization Details
Founding Year
1987
Phone
(651) 788-9869Principal Officer
Katherine Wojtan
Main Address
275 E FOURTH STREET 642, ST PAUL, MN, 55101
Website
www.maryspence.orgNTEE Category
Code: R240 - Civil rights
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