Overview
What is Our Lady Of Mount Carmel Inc?
Our Lady of Mount Carmel Inc, located in Rockville, Minnesota, serves as a nonprofit organization with a mission to uphold and propagate Catholic religion. Beyond religious purposes, they are dedicated to assisting those in need, including the disabled and afflicted. The organization also promotes various scientific, educational, and religious activities. Their scope of work extends to providing aid and support to the less fortunate, contributing to their community in a holistic manner.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (73%)
Our Lady Of Mount Carmel Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement. While the organization has a high program expense ratio of 97.40%, demonstrating effective allocation of funds toward its mission, it falls short in several areas related to governance and transparency. The lack of required policies, such as a conflict of interest policy, whistleblower policy, and document retention policy, raises concerns about its accountability practices.
On a positive note, the organization boasts a fully independent board, which is comprised of 100% independent members. Additionally, they have shown no material diversion of assets and maintain a strong liabilities-to-assets ratio of 0.00%. These strengths suggest a solid foundation in financial management and board governance, but the missing documentation and policies indicate areas where improvements are necessary for greater organizational integrity.
In summary, while Our Lady Of Mount Carmel Inc demonstrates commendable financial practices and board independence, the absence of key governance policies detracts from its overall effectiveness and accountability. The organization would benefit from addressing these gaps to enhance its transparency and trustworthiness in the eyes of stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Our Lady Of Mount Carmel Inc legitimate?
Our Lady Of Mount Carmel Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Lady Of Mount Carmel 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Our Lady Of Mount Carmel Inc?
Our Lady of Mount Carmel Inc's mission is centered around promoting and teaching Catholic religion, aiding those in need, particularly individuals who are physically challenged or struggling financially. Additionally, the organization supports various scientific, educational, and religious purposes. Their goal is to contribute positively in multiple sectors, always with a focus on Catholic teachings and helping those in need.
Who is the CEO of Our Lady Of Mount Carmel Inc?
Kathleen Borgerding is the President of Our Lady Of Mount Carmel Inc.
What is the revenue of Our Lady Of Mount Carmel Inc?
Our Lady Of Mount Carmel Inc's revenue in 2022 was $24,826.
Who are the executives of Our Lady Of Mount Carmel Inc and what are their salaries?
There 6 volunteers at Our Lady Of Mount Carmel Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Our Lady Of Mount Carmel Inc?
Our Lady Of Mount Carmel Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Our Lady Of Mount Carmel Inc
Our Lady of Mount Carmel Inc, as outlined in its mission statement, is committed to several noble purposes. Primarily, it aims to propagate and teach Catholic religion, fostering a deep spiritual connection within its community. Beyond religious education, the organization extends its reach to aid those in need, particularly individuals with physical limitations such as blindness or impairments, as well as those who are afflicted in other ways. Furthermore, Our Lady of Mount Carmel Inc supports various scientific, educational, and religious pursuits, contributing to the broader betterment of society. By embracing these objectives, the nonprofit seeks to make a positive impact on its community, promoting spiritual growth and assisting those in need.
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Impact
August, 2024
Our Lady of Mount Carmel Inc has had a significant impact on the community of Rockville, MN by conducting, promoting, and teaching the Catholic religion. Additionally, their efforts to aid the needy, lame, blind, and afflicted have provided crucial support to those in need. Through their promotion of scientific, educational, and religious purposes, Our Lady of Mount Carmel Inc has contributed to the enrichment and well-being of the community. Their dedicated mission to serve and promote religious and charitable activities has undoubtedly made a positive difference in the lives of many individuals.
This information is meant to be a general summary of Our Lady Of Mount Carmel 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 2022.
- Gross Receipts: $24,826
Assets and Liabilities:
- Total Assets: $451,721
- Total Liabilities: $0
- Net Assets: $451,721
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Organization Details
Founding Year
1972
Phone
(320) 253-1398Principal Officer
Kathleen Borgerding
Main Address
PO BOX 122, ROCKVILLE, MN, 56369
NTEE Category
Code: X22 - Religion related
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