Overview
What is St Vincent Depaul Society Of Watertown Inc?
St. Vincent Depaul Society of Watertown Inc. is a nonprofit organization located at 1181 North Fourth Street, Watertown, Wisconsin 53098. With a team of 12 dedicated individuals, their primary mission is to aid less fortunate individuals in need of essentials such as food, clothing, shelter, and medical assistance. They achieve this by granting financial aid to applicants, enabling them to maintain a minimal standard of living. Moreover, this society also extends its support to various nonprofit organizations in Watertown and surrounding communities by making cash donations, thereby contributing positively to the community overall. To date, St. Vincent Depaul Society of Watertown Inc. has assisted over 500 individuals in improving their living standards through these grants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Stars
The St Vincent Depaul Society of Watertown Inc has received a low rating of 52%, reflecting significant concerns regarding its accountability and financial practices. With no independent board members, the organization lacks essential governance structures that are crucial for transparency. Additionally, the absence of key financial documents and policies raises questions about its operational integrity.
Despite these challenges, the organization demonstrates a strong commitment to its programs, achieving a program expense ratio of 100%, indicating that all funds raised are directed toward its mission. Additionally, it has a favorable liabilities to assets ratio, suggesting financial stability in terms of asset management. However, the lack of foundational governance policies, such as conflict of interest and whistleblower protections, could hinder its long-term effectiveness and public trust.
Overall, while the St Vincent Depaul Society of Watertown Inc shows promise in its dedication to program spending, the glaring gaps in governance and financial accountability are significant drawbacks that potential donors may want to consider before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is St Vincent Depaul Society Of Watertown Inc legitimate?
St Vincent Depaul Society Of Watertown Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Vincent Depaul Society Of Watertown 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:
Executive Compensation: $104,457
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,875
For more financial information, click here
What is the mission statement of St Vincent Depaul Society Of Watertown Inc?
The St. Vincent de Paul Society's primary purpose is to aid less fortunate individuals who are struggling with essential needs such as food, clothing, shelter, and medical expenses. They accomplish this by providing financial assistance to qualified applicants, enabling them to maintain a minimum standard of living. Furthermore, this organization extends its support to various nonprofit groups by making cash donations, thereby enabling these organizations to continue their beneficial work within the community. To date, the St. Vincent de Paul Society has assisted over 500 individuals and made contributions to numerous organizations in the community.
Who is the CEO of St Vincent Depaul Society Of Watertown Inc?
Louis Hady is the Director of St Vincent Depaul Society Of Watertown Inc.
What is the revenue of St Vincent Depaul Society Of Watertown Inc?
St Vincent Depaul Society Of Watertown Inc's revenue in 2023 was $528,004.
Who are the executives of St Vincent Depaul Society Of Watertown Inc and what are their salaries?
The average compensation at St Vincent Depaul Society Of Watertown Inc during 2023 was $19,111. There are 12 employees and 74 volunteers at St Vincent Depaul Society Of Watertown Inc.
Here are 6 key members and their salaries:
- Compensation: $96,028
- Related: $0
- Other: $0
- Compensation: $7,337
- Related: $0
- Other: $0
- Compensation: $1,092
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Vincent Depaul Society Of Watertown Inc?
St Vincent Depaul Society Of Watertown Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Vincent Depaul Society Of Watertown Inc
St. Vincent Depaul Society of Watertown, a compassionate organization, is dedicated to aiding less fortunate individuals who are struggling with basic necessities such as food, clothing, shelter, and medical expenses. They accomplish this mission by providing financial assistance to eligible applicants, enabling them to maintain a minimum standard of living. Beyond this, the society also extends its support to various nonprofit groups in the community by making cash donations, thereby contributing to their ongoing positive work. Through these efforts, the St. Vincent Depaul Society of Watertown has managed to assist over 500 people, significantly improving their living conditions.
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Impact
July, 2024
St. Vincent de Paul Society of Watertown Inc has had a significant impact on the community by helping over 500 individuals improve their standard of living through grants of food, clothing, shelter, and medicine. Additionally, they have supported various organizations in the area through cash donations, enabling these groups to continue their positive contributions to the community. Their mission to assist less fortunate individuals with basic needs and provide support to local organizations showcases a commitment to strengthening the community of Watertown, WI, and surrounding areas.
This information is meant to be a general summary of St Vincent Depaul Society Of Watertown 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: $55,181
- Program Service Revenue: $429,004
- Gross Receipts: $543,204
Assets and Liabilities:
- Total Assets: $2,159,585
- Total Liabilities: $354
- Net Assets: $2,159,231
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RAGS
Revenue
$6,747
STORE SALES
Revenue
$422,257
Organization Details
Phone
(920) 261-2691Principal Officer
Louis Hady
Main Address
1181 NORTH FOURTH STREET, WATERTOWN, WI, 53098
NTEE Category
Code: P99 - Human services
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