Overview
What is St Johns Foundation?
The St. John's Foundation is a charitable organization situated in Albert Lea, Minnesota, specifically at 901 Luther Place, with a mission to generate income. This income is then utilized to support or establish a residential facility within Freeborn County, providing care for the elderly population. The foundation's primary activity revolves around aiding St. John's Lutheran Home, offering assistance through donations, bequests, and investment income. The foundation's overall objective is to contribute positively to the elderly community's well-being by offering a suitable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while St Johns Foundation demonstrates strong aspects of accountability and finance, there are some notable areas for improvement. The foundation has achieved a high program expense ratio of 98.03%, suggesting that a significant portion of its resources is directed toward its programs rather than administrative costs.
The organization scores well in governance indicators, with 100% of its board members being independent and no reported material diversion of assets. However, it falls short in transparency and policy documentation, as it lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy. These omissions can raise concerns about the organization's operational transparency and governance practices.
Overall, while St Johns Foundation exhibits strong financial health and effective program spending, its rating reflects weaknesses in transparency and governance policies. Addressing these limitations could enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is St Johns Foundation legitimate?
St Johns Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Johns 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 St Johns Foundation?
The St. Johns Foundation's mission is centered around supporting St. John's Lutheran Home. This support is primarily achieved through the collection of donations, bequests, and investment income. The primary objective of these funds is to provide financial assistance, which aids in maintaining or establishing a residential facility in Freeborn County, Minnesota. This home is specifically designed for the care of the elderly population.
Who is the CEO of St Johns Foundation?
Darryl Meyer is the President of St Johns Foundation.
What is the revenue of St Johns Foundation?
St Johns Foundation's revenue in 2022 was $2,652.
Who are the executives of St Johns Foundation and what are their salaries?
There 6 volunteers at St Johns Foundation.
Here are 6 key members and their salaries:
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- Other: $0
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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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Johns Foundation?
St Johns Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Johns Foundation
The St. John's Foundation, in its mission, aims to aid St. John's Lutheran Home. This nonprofit organization seeks to provide assistance through various means, including donations, bequests, and income generated from investments. Its primary objective is to generate income that can be utilized to maintain or establish a home in Freeborn County, Minnesota, specifically designed for the care of the elderly population. By providing financial support, the St. John's Foundation plays a crucial role in ensuring the continued operation and establishment of such a home, thereby offering a safe and nurturing environment for the elderly.
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Impact
August, 2024
St Johns Foundation's impact is significant in supporting St. John's Lutheran Home in Albert Lea, Minnesota. The foundation's mission is to provide income to help maintain and establish a home for the care of elderly people in Freeborn County. Through donations, bequests, and investment income, the foundation assists the home in fulfilling its purpose of providing quality care to elderly residents. This support contributes to the well-being and comfort of the elderly individuals served by St. John's Lutheran Home, making a positive impact on the community's health and welfare.
This information is meant to be a general summary of St Johns 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 2022.
- Investment Income: $2,279
- Gross Receipts: $2,652
Assets and Liabilities:
- Total Assets: $8,451,889
- Total Liabilities: $0
- Net Assets: $8,451,889
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Organization Details
Founding Year
1965
Phone
(507) 373-8226Principal Officer
Darryl Meyer
Main Address
901 LUTHER PLACE, ALBERT LEA, MN, 56007
NTEE Category
Code: E91 - Health
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