Overview
What is Brothers Communities & Ministries Investment Trust?
Brothers Communities & Ministries Investment Trust, established for over seven centuries, is a nonprofit organization rooted in the principles of caring for the sick, aged, poor, and dying. Based in Elk Grove Village, Illinois, the trust's primary purpose is to promote holistic well-being among individuals of diverse backgrounds through health care ministry. By pooling investments for participants in the trust, which are limited to Alexian Brothers Communities and Ministries and their affiliates, the trust aims to generate returns and contribute to its charitable mission. The trust's activities are overseen by Alexian Brothers Communities and Ministries, as the administrator, responsible for managing and investing the pooled assets.
Official website here: www.alexianbrothers.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Brothers Communities & Ministries Investment Trust has achieved a high score of 97%, reflecting its strong performance in accountability and finance. This rating is particularly significant as it indicates the organization operates with a high level of transparency and fiscal responsibility, which is critical for donor trust and engagement.
The organization boasts a fully independent board, consisting of three members, which contributes positively to its governance. Additionally, it has a perfect score in several key areas, including the absence of asset diversion and a comprehensive conflict of interest policy. This suggests a robust structure that prioritizes ethical practices and sound management.
While the rating is exemplary, it may be beneficial for the organization to continue to communicate its community impact and program effectiveness to further substantiate its financial health and accountability. Overall, Brothers Communities & Ministries Investment Trust demonstrates a solid commitment to responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Brothers Communities & Ministries Investment Trust legitimate?
Brothers Communities & Ministries Investment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brothers Communities & Ministries Investment Trust 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
For more financial information, click here
Official website here: www.alexianbrothers.org
What is the mission statement of Brothers Communities & Ministries Investment Trust?
Brothers Communities & Ministries Investment Trust serves its exempt purposes by managing pooled investments on behalf of its participants. For over seven centuries, the Alexian Brothers have been dedicated to promoting the well-being of individuals of all backgrounds through healthcare ministry. Their mission is rooted in Judeo-Christian beliefs, emphasizing holistic healthcare that addresses physical, mental, spiritual, and social needs. The Trust, exempt from federal income taxes, is administered by Alexian Brothers Communities and Ministries (ABCM) and its affiliates, with participation limited to these not-for-profit organizations. Participants in the Trust earn interest based on the Trust's actual earnings.
Official website here: www.alexianbrothers.org
Who is the CEO of Brothers Communities & Ministries Investment Trust?
Unavailable
Official website here: www.alexianbrothers.org
What is the revenue of Brothers Communities & Ministries Investment Trust?
Brothers Communities & Ministries Investment Trust's revenue in 2022 was $82,246.
Official website here: www.alexianbrothers.org
Who are the executives of Brothers Communities & Ministries Investment Trust and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.alexianbrothers.org
Where can I find the form 990 for Brothers Communities & Ministries Investment Trust?
Brothers Communities & Ministries Investment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alexianbrothers.org
Learn more at the official website: www.alexianbrothers.org
Mission Statement of Brothers Communities & Ministries Investment Trust
Brothers Communities & Ministries Investment Trust, for over seven centuries, has been devoted to enhancing the overall well-being of individuals from various backgrounds. Inspired by Judeo-Christian beliefs, this Catholic religious congregation aims to promote physical, mental, spiritual, and social welfare. The trust administers pooled investments on behalf of its participants, including Alexian Brothers Communities and Ministries (ABCM) and its affiliates, which are exempt from federal income taxes. The trust is a tax-exempt organization itself, as per Section 501(C)(3) of the code. ABCM serves as the administrator of the trust, managing and investing the pooled assets, and participants earn interest based on the trust's actual earnings. In essence, the mission of Brothers Communities & Ministries Investment Trust is to uphold the legacy of its founders by promoting health and caring for the sick, dying, aged, and unwanted, regardless of their socioeconomic status, while also managing investments on behalf of its participating entities.
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Impact
October, 2024
Brothers Communities & Ministries Investment Trust plays a crucial role in fostering the mission of the Alexian Brothers by efficiently managing pooled investments for various communities and ministries. By administrating these investments, the Trust enables its participants to focus on their core mission of providing holistic care to individuals across diverse socioeconomic backgrounds.
With a heritage that spans over seven centuries, the Alexian Brothers are guided by deep Judeo-Christian values that drive their commitment to serving the sick, aged, poor, and dying. This investment vehicle supports these ministries by ensuring they have the financial resources necessary to sustain their vital healthcare services. By allowing participants to accrue interest on their assets, the Trust helps to enhance the financial stability of these organizations, ultimately enabling them to contribute more effectively to the community.
The Trust’s operations are designed with an emphasis on collaboration and partnership, consistent with the Alexian Brothers' approach to healthcare. It creates an environment where organizations can thrive together, reinforcing a collective mission to promote physical, mental, spiritual, and social well-being for all individuals served—regardless of their background or beliefs. In doing so, the Brothers Communities & Ministries Investment Trust exemplifies the spirit of stewardship and shared purpose that underpins its foundational philosophy.
This information is meant to be a general summary of Brothers Communities & Ministries Investment Trust. 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: -$16,817,290
- Gross Receipts: $82,246
Assets and Liabilities:
- Total Assets: $120,972,404
- Total Liabilities: $0
- Net Assets: $120,972,404
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Organization Details
Founding Year
2000
Phone
(847) 264-8700Main Address
600 ALEXIAN WAY, ELK GROVE VILLAGE, IL, 60007
Website
www.alexianbrothers.orgNTEE Category
Code: T90 - Philanthropy
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