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Mae Jane Mcguire Memorial Fund

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 367248455 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Mae Jane Mcguire Memorial Fund?

The Mae Jane Mcguire Memorial Fund is a charitable organization situated in Chicago, Illinois. Its primary mission is to support the Second Church of Christ Scientist of Los Angeles. This nonprofit accomplishes this by funding various programs aimed at aiding the First Church of Christ, Scientist. The fund's activities are centered around providing assistance to the Second Church of Christ Scientist in Los Angeles.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 27%

The Mae Jane Mcguire Memorial Fund has received a low rating of 27%, which results in a Zero-Star out of Four Stars designation. This score indicates significant concerns regarding the organization's accountability and financial practices, particularly the absence of independent board members, which is critical for governance and oversight. The charity scored poorly in several key areas, such as having no independent members on its board and missing crucial operational transparency components like a website for public information.

Despite the concerns noted, the organization does have some positive attributes, including the absence of material diversion of assets and the presence of a conflict of interest policy. However, the lack of a whistleblower policy raises questions about internal reporting and accountability. Additionally, while the organization does maintain documentation of board meeting minutes, the missing financial reporting and transparency measures are concerning for potential donors and stakeholders.

Overall, the Mae Jane Mcguire Memorial Fund's financial and accountability practices need significant improvement to foster trust and ensure effective governance. Prospective supporters should carefully consider these factors before engaging with the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Mae Jane Mcguire Memorial Fund legitimate?

Mae Jane Mcguire Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mae Jane Mcguire Memorial 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:

Executive Compensation: $45,638
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Mae Jane Mcguire Memorial Fund?

The Mae Jane Mcguire Memorial Fund is committed to supporting its primary objective, which is to aid the Second Church of Christ Scientist. This support is delivered through various programs designed to benefit this specific church. The fund, although based in Chicago, Illinois, focuses its efforts on assisting the First Church of Christ, Scientist. Its mission is centered around fostering the growth and development of the Second Church of Christ Scientist.

Who is the CEO of Mae Jane Mcguire Memorial Fund?

Northern Trust N A is the Trustee of Mae Jane Mcguire Memorial Fund.

What is the revenue of Mae Jane Mcguire Memorial Fund?

Mae Jane Mcguire Memorial Fund's revenue in 2022 was $47,960.

Who are the executives of Mae Jane Mcguire Memorial Fund and what are their salaries?


There is 1 key member and their salary:


Northern Trust N A (Trustee)
  • Compensation: $45,638
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mae Jane Mcguire Memorial Fund?

Mae Jane Mcguire Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mae Jane Mcguire Memorial Fund

The Mae Jane Mcguire Memorial Fund is committed to supporting the Second Church of Christ Scientist of Los Angeles. This mission is carried out through various programs that ultimately aid the First Church of Christ, Scientist. The fund, although based in Chicago, IL, focuses its efforts on assisting the Second Church of Christ Scientist of Los Angeles, contributing to its overall operations and initiatives.

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Impact




October, 2024

The Mae Jane Mcguire Memorial Fund significantly impacts the Second Church of Christ Scientist of Los Angeles by providing essential support for various programs that benefit the church community. By focusing on initiatives that align with the mission of the First Church of Christ, Scientist, the fund helps to foster spiritual growth, education, and outreach efforts within the congregation.

Rooted in Chicago, IL, the fund emphasizes the importance of community and collaboration, ensuring that the values of the Second Church resonate throughout its activities. By prioritizing arts-related initiatives, the fund encourages creative expression and cultural engagement, enriching the spiritual experience for congregants and the broader community. The Mae Jane Mcguire Memorial Fund ultimately plays a vital role in sustaining and enhancing the mission of the Second Church of Christ Scientist of Los Angeles, promoting an environment of support, education, and artistic collaboration.




This information is meant to be a general summary of Mae Jane Mcguire Memorial 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.

Revenue
$47,960 (2022)
Expenses
$68,708 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,150
  • Gross Receipts: $168,215

Assets and Liabilities:

  • Total Assets: $1,203,083
  • Total Liabilities: $0
  • Net Assets: $1,203,083

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Organization Details

Founding Year

1986

Principal Officer

Northern Trust N A

Main Address

PO BOX 803878, CHICAGO, IL, 60680

NTEE Category

Code: A111 - Arts

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