Overview
What is Arnold & Doris Cioffi Charitable Trust?
Arnold & Doris Cioffi Charitable Trust is a philanthropic organization located in Topeka, Kansas. Its primary mission is to contribute financially to qualified charitable organizations, specifically the Most Pure Heart of Mary Catholic Church, Ministry of the Aging at Most Pure Heart of Mary Catholic Church, and St. Jude's Research Hospital. The trust aims to support these organizations in carrying out their charitable purposes, as outlined in the trust agreement. The trust's activities are focused on generating income to fund these charitable initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning it a Two-Star out of Four Star rating. This rating indicates that while the Arnold & Doris Cioffi Charitable Trust meets some accountability standards, there are areas for improvement that prevent a higher rating.
The organization showcases strong governance practices, with a fully independent board and no material diversion of assets. Its commitment to transparency is reflected in its documentation of board meeting minutes and the establishment of a conflict of interest policy. Additionally, the trust demonstrates financial stability with a liabilities to assets ratio of 0.00% and a program expense ratio of 84.57%, indicating that a significant portion of its funds is directed towards its charitable programs.
However, despite these strengths, the overall rating suggests that there may be concerns related to financial efficiency or programmatic impact that need to be addressed. The organization has room for improvement in accountability and financial practices, which could enhance its rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Arnold & Doris Cioffi Charitable Trust legitimate?
Arnold & Doris Cioffi Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arnold & Doris Cioffi Charitable 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: $22,716
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Arnold & Doris Cioffi Charitable Trust?
The Arnold & Doris Cioffi Charitable Trust is committed to benefiting the community by granting funds to eligible charitable organizations, in line with the stipulations of the trust agreement. Its primary mission is to generate income that is subsequently distributed to the Most Pure Heart of Mary Catholic Church, the Ministry of the Aging at Most Pure Heart of Catholic Church, and St. Jude's Research Hospital. These organizations utilize these funds to carry out their respective charitable endeavors, as per the trust agreement's guidelines. By providing financial support, the trust aims to contribute positively to the community and the causes that these organizations advocate for.
Who is the CEO of Arnold & Doris Cioffi Charitable Trust?
Corefirst Bank Trust is the Principal Officer of Arnold & Doris Cioffi Charitable Trust.
What is the revenue of Arnold & Doris Cioffi Charitable Trust?
Arnold & Doris Cioffi Charitable Trust's revenue in 2022 was $160,570.
Who are the executives of Arnold & Doris Cioffi Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $22,716
- Related: $0
- Other: $0
Where can I find the form 990 for Arnold & Doris Cioffi Charitable Trust?
Arnold & Doris Cioffi Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arnold & Doris Cioffi Charitable Trust
The Arnold & Doris Cioffi Charitable Trust is committed to benefiting the community by granting funds to qualified charitable organizations, in line with the terms of its trust agreement. The primary objective of this trust is to generate income, which is then channeled towards three specific charitable institutions: Most Pure Heart of Mary Catholic Church, Ministry of the Aging at Most Pure Heart of Catholic Church, and St. Jude's Research Hospital. Each of these organizations uses the grants to further their respective charitable purposes, as dictated by the trust agreement. In this way, the Arnold & Doris Cioffi Charitable Trust plays a crucial role in supporting these organizations and the beneficial work they carry out in the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Arnold & Doris Cioffi Charitable Trust significantly impacts the community by providing essential financial support to organizations that fulfill various charitable purposes. By generating income through its trust agreement, it allocates grants primarily to the Most Pure Heart of Mary Catholic Church, the Ministry of the Aging at the same church, and St. Jude's Research Hospital.
Through these targeted grants, the Trust aids in enhancing religious support services, promoting the well-being of the aging population, and advancing cancer research and treatment. This focus not only nurtures the spiritual and practical needs of the local community but also contributes to broader health initiatives, ensuring that the values of compassion and care are upheld in significant ways.
This information is meant to be a general summary of Arnold & Doris Cioffi Charitable 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: $160,570
- Gross Receipts: $575,534
Assets and Liabilities:
- Total Assets: $2,498,413
- Total Liabilities: $0
- Net Assets: $2,498,413
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2017
Phone
(785) 267-8510Principal Officer
Corefirst Bank Trust
Main Address
PO BOX 5049, TOPEKA, KS, 66605
NTEE Category
Code: X19 - Religion related
If you are a representative of Arnold & Doris Cioffi Charitable Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.