Overview
What is Midwest Theological Forum Inc?
Midwest Theological Forum Inc, located in Downers Grove, Illinois, is a nonprofit organization with a mission to disseminate religious literature. They specialize in publishing, translating, and distributing various religious books, including works on canon law, sacramental realism, divine revelations, daily Roman missals, and priestly celibacy today. With a dedicated workforce of 12 individuals, the organization continues to promote and spread religious knowledge through their publications.
Official website here: www.theologicalforum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 29% (Zero-Star out of Four Star rating)
Midwest Theological Forum Inc has received a low score of 29% from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. The organization has achieved a perfect score for having a majority of independent board members, which reflects a commitment to governance, but this is overshadowed by a lack of essential financial documentation and policies.
The charity has not provided financial statements, which has resulted in a score of zero for that category. Additionally, it lacks critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. While it does maintain records of board meeting minutes, the absence of these fundamental policies raises questions about its operational integrity and accountability practices.
Furthermore, the program expense ratio stands at 45.57%, suggesting that a significant portion of its budget may not be allocated towards program services. The low liabilities to assets ratio of 0.51% indicates that the organization has manageable liabilities, but overall, the lack of transparency and insufficient financial practices contribute to its zero-star rating from Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Midwest Theological Forum Inc legitimate?
Midwest Theological Forum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Theological Forum Inc 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: $124,967
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,187
For more financial information, click here
Official website here: www.theologicalforum.org
What is the mission statement of Midwest Theological Forum Inc?
Midwest Theological Forum Inc's mission is centered around the publication, translation, and distribution of religious books. Their primary focus includes works such as a Handbook of Canon Law, Sacramental Realism, Primer of Divine Revelations, Daily Roman Missal, and Priestly Celibacy Today. By engaging in these activities, they contribute to the dissemination of religious knowledge and insights.
Official website here: www.theologicalforum.org
Who is the CEO of Midwest Theological Forum Inc?
Rev Peter Armenio is the President of Midwest Theological Forum Inc.
Official website here: www.theologicalforum.org
What is the revenue of Midwest Theological Forum Inc?
Midwest Theological Forum Inc's revenue in 2022 was $1,331,422.
Official website here: www.theologicalforum.org
Who are the executives of Midwest Theological Forum Inc and what are their salaries?
The average compensation at Midwest Theological Forum Inc during 2022 was $22,013. There are 12 employees and 6 volunteers at Midwest Theological Forum Inc.
Here are 8 key members and their salaries:
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- Compensation: $91,131
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- Compensation: $33,836
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Official website here: www.theologicalforum.org
Where can I find the form 990 for Midwest Theological Forum Inc?
Midwest Theological Forum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theologicalforum.org
Learn more at the official website: www.theologicalforum.org
Mission Statement of Midwest Theological Forum Inc
Midwest Theological Forum Inc is dedicated to the publication, translation, and distribution of religious books. Their mission encompasses various religious texts, including a Handbook of Canon Law, Sacramental Realism, Primer of Divine Revelations, the Daily Roman Missal, and Priestly Celibacy Today. Through this work, they contribute to the dissemination of religious knowledge and beliefs, offering resources for individuals seeking spiritual guidance and enlightenment.
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Impact
October, 2024
Midwest Theological Forum Inc plays a significant role in the religious community by publishing, translating, and distributing essential religious texts. Their efforts include a diverse range of materials, such as a Handbook of Canon Law, works on sacramental realism, the Priner of Divine Revelations, the Daily Roman Missal, and discussions on priestly celibacy. These publications serve as vital resources for clergy, theologians, and laypeople, facilitating a deeper understanding of Catholic doctrine and practice.
By making these texts accessible, Midwest Theological Forum helps to enrich the spiritual lives of individuals and communities, supporting educational initiatives and promoting theological study. The translation of these works broadens their reach, allowing non-English speaking audiences to engage with important religious teachings. Overall, the Forum's contributions significantly enhance the availability of theological literature and foster a more informed and engaged faith community.
This information is meant to be a general summary of Midwest Theological Forum Inc. 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: $106,628
- Gross Receipts: $2,192,218
Assets and Liabilities:
- Total Assets: $9,682,073
- Total Liabilities: $192,652
- Net Assets: $9,489,421
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Organization Details
Founding Year
1995
Phone
(630) 739-9750Principal Officer
Rev Peter Armenio
Main Address
4340 CROSS ST SUITE 1, DOWNERS GROVE, IL, 60515
Website
www.theologicalforum.orgNTEE Category
Code: X22Z - Religion related
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