Overview
What is Catholic Charities Foundation Inc?
Catholic Charities Foundation Inc, located in Milwaukee, Wisconsin, is a nonprofit organization dedicated to supporting the Catholic Charities of the Archdiocese of Milwaukee, Inc. Their primary mission is to provide assistance and aid to this organization, ensuring its mission to serve the community is upheld. The foundation's activities focus on offering support and resources to the Catholic Charities, contributing to their overall mission and impact in the community. The precise nature of the support provided is not specified in the given information, but it can be inferred that it may include financial aid, resources, or other forms of assistance to further the Catholic Charities' cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (54%)
Catholic Charities Foundation Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating a score of 54%. This reflects concerns regarding various aspects of the organization's operational effectiveness and financial accountability. While the organization excels in having a fully independent board and strong policies related to conflicts of interest and whistleblower protections, these strengths are overshadowed by lower performance in areas such as program expense ratio.
The foundation boasts perfect scores for board independence and governance policies, suggesting a commitment to ethical oversight. However, the program expense ratio of 49.48% raises questions about how much of its budget is directed toward direct services versus administrative costs. The liabilities to assets ratio of 5.42% indicates manageable financial obligations, but the overall financial health may still be a concern for potential donors.
In summary, while Catholic Charities Foundation Inc demonstrates strengths in governance and accountability, the low overall rating suggests the need for improvement in financial management and efficiency in delivering programs. Potential supporters should consider these factors when evaluating the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Charities Foundation Inc legitimate?
Catholic Charities Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Charities Foundation 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:
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What is the mission statement of Catholic Charities Foundation Inc?
Catholic Charities Foundation Inc's mission is centered around providing support to the Catholic Charities of the Archdiocese of Milwaukee, Inc. They work diligently to enhance the operations and services of this organization, aiming to contribute positively to its mission and objectives. The primary focus is on providing aid and assistance, ensuring that the Catholic Charities can continue to serve and support the community effectively. The Foundation's role is instrumental in maintaining the charity's operations and ensuring its continued success in providing essential services.
What is the revenue of Catholic Charities Foundation Inc?
Catholic Charities Foundation Inc's revenue in 2023 was $251,617.
Who are the executives of Catholic Charities Foundation Inc and what are their salaries?
There 9 volunteers at Catholic Charities Foundation Inc.
Here are 10 key members and their salaries:
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- Related: $122,286
- Other: $21,427
Where can I find the form 990 for Catholic Charities Foundation Inc?
Catholic Charities Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Catholic Charities Foundation Inc
Catholic Charities Foundation Inc is dedicated to supporting the Catholic Charities of the Archdiocese of Milwaukee, Inc. In essence, their mission is to provide essential assistance and aid to this organization, ensuring it can continue its noble work. By doing so, Catholic Charities Foundation Inc contributes to the overall well-being and betterment of the community, aligning with the broader objectives of Catholic Charities. The specific role of Catholic Charities Foundation Inc is to provide the necessary support, enabling Catholic Charities of the Archdiocese of Milwaukee, Inc. to carry out its vital services and initiatives.
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Impact
October, 2024
Catholic Charities Foundation Inc significantly impacts the community by providing critical support to the Catholic Charities of the Archdiocese of Milwaukee. This organization plays a vital role in enhancing human services, addressing various needs within the community, such as food assistance, housing support, and mental health services. By bolstering the activities of Catholic Charities, it enables the provision of essential resources and services to individuals and families facing challenges, fostering a stronger and more resilient community in Milwaukee. Its focused mission amplifies outreach efforts, ensuring that vulnerable populations receive the assistance they need to thrive.
This information is meant to be a general summary of Catholic Charities Foundation 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 2023.
- Investment Income: $96,431
- Gross Receipts: $292,502
Assets and Liabilities:
- Total Assets: $5,589,728
- Total Liabilities: $303,345
- Net Assets: $5,286,383
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Organization Details
Founding Year
1996
Principal Officer
Ricardo Cisneros
NTEE Category
Code: P31 - Human services
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