Overview
What is Minnesota Knights Foundation?
The Minnesota Knights Foundation, located in Jordan, Minnesota, is a nonprofit organization dedicated to supporting various religious and educational endeavors. Its primary focus is on aiding the Roman Catholic Church, its educational institutions, and the Knights of Columbus organization in their activities. This philanthropic entity works tirelessly to promote and strengthen these entities, contributing to their missions and initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (73%)
The Minnesota Knights Foundation has received a "Needs Improvement" rating from Charity Navigator, reflecting a score of 73%. This rating indicates that while the organization demonstrates some strong governance practices, there are significant areas requiring enhancement, particularly in transparency and accountability.
The foundation excels in maintaining an independent board, achieving full points for both the majority of independent board members and board size. Additionally, it scores well on several financial metrics, such as liabilities to assets ratio and program expense ratio. However, the organization falls short in critical areas, including the absence of a conflict of interest policy, whistleblower policy, and a document retention policy, which are essential for ensuring good governance and accountability.
Overall, while the Minnesota Knights Foundation shows promise in certain financial and governance aspects, the noticeable gaps in important policies and transparency measures highlight areas for potential improvement. Addressing these limitations could strengthen the organization's credibility and effectiveness in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Knights Foundation legitimate?
Minnesota Knights Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Knights Foundation 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 Minnesota Knights Foundation?
The Minnesota Knights Foundation is established with the primary purpose of supporting the religious, charitable, and educational endeavors of the Roman Catholic Church, its educational institutions, and the Knights of Columbus organization. The foundation's mission is to aid in the activities of these entities, contributing to their religious, charitable, and educational pursuits. This organization is instrumental in bolstering the efforts of the Roman Catholic Church and its educational institutions, as well as the Knights of Columbus organization, by participating in their activities.
Who is the CEO of Minnesota Knights Foundation?
James Terwedo is the President of Minnesota Knights Foundation.
What is the revenue of Minnesota Knights Foundation?
Minnesota Knights Foundation's revenue in 2021 was $110,517.
Who are the executives of Minnesota Knights Foundation and what are their salaries?
There 25 volunteers at Minnesota Knights Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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 Minnesota Knights Foundation?
Minnesota Knights Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Minnesota Knights Foundation
The Minnesota Knights Foundation is an organization that is dedicated to serving a noble purpose. Its mission is centered around supporting the religious, charitable, and educational pursuits of the Roman Catholic Church, its educational institutions, and the Knights of Columbus organization and its activities. This nonprofit is organized with a clear objective to contribute to the activities of these entities, aiming to make a positive impact in various aspects of society. The Minnesota Knights Foundation's efforts are geared towards strengthening the Roman Catholic Church's religious activities, enhancing the educational institutions under its umbrella, and promoting the activities of the Knights of Columbus organization. This multifaceted approach allows the foundation to contribute significantly to the community, supporting religious and educational endeavors that align with its mission.
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 Minnesota Knights Foundation significantly impacts religious and educational communities by supporting the activities of the Roman Catholic Church and its associated institutions. It strengthens the mission of the Church, enhancing educational opportunities and fostering a sense of community among believers. By providing resources and support for the Knights of Columbus and its activities, the foundation promotes charitable initiatives and engages members in community service. This commitment enriches the spiritual and educational landscape, benefiting countless individuals and families within the region. Through its focused efforts, the foundation contributes to the holistic development of faith-based programs and educational institutions, ensuring a robust future for these essential pillars of the community.
This information is meant to be a general summary of Minnesota Knights Foundation. 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 2021.
- Investment Income: $40,648
- Gross Receipts: $242,451
Assets and Liabilities:
- Total Assets: $1,910,077
- Total Liabilities: $4,050
- Net Assets: $1,906,027
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1990
Phone
(952) 492-2800Principal Officer
James Terwedo
Main Address
3700 WEST 22OTH STREET, JORDAN, MN, 553529617
NTEE Category
Code: T70J - Philanthropy
If you are a representative of Minnesota Knights Foundation 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.