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Father Vincent Welch Memorial Fund

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

EIN: 383005252 ✦ Dearborn, MI ✦ Designated as a 501(c)(3)

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Overview

What is Father Vincent Welch Memorial Fund?

The Father Vincent Welch Memorial Fund is a charitable organization situated in Dearborn, Michigan. Established to honor Father Vincent Welch, the fund aims to raise funds through charitable contributions. These proceeds are utilized to establish and maintain scholarship funds, offering financial assistance to deserving young individuals from the metro Detroit area in pursuing secondary, undergraduate, and postgraduate education. The mission of the Father Vincent Welch Memorial Fund is to make higher education more accessible for those in need, thereby fostering personal growth and development in the local community.

Is Father Vincent Welch Memorial Fund legitimate?

Father Vincent Welch Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Father Vincent Welch 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Father Vincent Welch Memorial Fund?

The Father Vincent Welch Memorial Fund was established with the objective of raising funds through charitable contributions. These funds are intended for the creation and maintenance of scholarship programs, aimed at assisting financially struggling young individuals from the Metropolitan Detroit area in pursuing secondary, undergraduate, and postgraduate education. The fund's activities primarily involve contributing to Loyola High School for the provision of scholarships.

Who is the CEO of Father Vincent Welch Memorial Fund?

Michael Mcnamara is the President/Director of Father Vincent Welch Memorial Fund.

What is the revenue of Father Vincent Welch Memorial Fund?

Father Vincent Welch Memorial Fund's revenue in 2022 was $386,643.

Who are the executives of Father Vincent Welch Memorial Fund and what are their salaries?


Here are 3 key members and their salaries:


Michael T Mcnamara (President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fr Donald Worthy (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Mcnamara (Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Father Vincent Welch Memorial Fund?

Father Vincent Welch Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Father Vincent Welch Memorial Fund

The Father Vincent Welch Memorial Fund is an organization established with the mission to raise funds through charitable contributions. These contributions are dedicated to creating and maintaining scholarship funds. The primary objective of these scholarships is to assist financially struggling young individuals from the Metropolitan Detroit area in pursuing their secondary, undergraduate, and postgraduate education. By doing so, the Father Vincent Welch Memorial Fund aims to contribute to the education of deserving youth, thereby fostering their personal growth and development.

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Impact




October, 2024

The Father Vincent Welch Memorial Fund significantly impacts the community by providing vital financial assistance to needy young people in the Metro Detroit area, enabling them to pursue secondary, undergraduate, and post-graduate education. Through charitable contributions, the fund creates and maintains scholarship funds that alleviate the financial burden on students who may otherwise struggle to afford their education. By supporting initiatives like scholarships for Loyola High School, the fund fosters educational opportunities and empowers individuals to achieve their academic goals, ultimately contributing to the development of a more educated and skilled workforce in the region. This support not only enhances personal growth for the recipients but also strengthens the community as a whole by investing in its future leaders.




This information is meant to be a general summary of Father Vincent Welch 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
$386,643 (2022)
Expenses
$100,002 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $416,825

Assets and Liabilities:

  • Total Assets: $301,803
  • Total Liabilities: $0
  • Net Assets: $301,803

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Organization Details

Founding Year

1991

Principal Officer

Michael Mcnamara

Main Address

14225 W WARREN AVE, DEARBORN, MI, 48126

NTEE Category

Code: P20Z - Human services

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