Overview
What is Sacred Heart Cathedral Foundation?
The Sacred Heart Cathedral Foundation, situated in Davenport, Iowa, operates as a nonprofit organization with a primary focus on maintaining the Sacred Heart Cathedral building, which serves both educational and religious purposes for the community and parishioners. Their mission encompasses providing for the current and future needs of Sacred Heart Cathedral Catholic Parish in Davenport, including maintaining the primary church facility completed in 1891, constructing a new parish center, religious education area, and enhancing the parking lot. Additionally, the foundation supports Catholic education and other missions, all in accordance with the objectives and philosophy of the Diocese of Davenport, Iowa. The foundation adheres to religious, charitable, and educational purposes, as a 501(c)(3) nonprofit organization, in compliance with relevant tax laws and the Code of Canon Law.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39% (Zero-Star out of Four Star rating)
The Sacred Heart Cathedral Foundation has received a low rating of 39%, primarily based on its Accountability & Finance measures. This score indicates significant concerns regarding its financial transparency and performance, which are critical for donor trust and effective charity operations.
One of the strengths of the organization is its governance structure, with a fully independent board, which enhances accountability. The foundation has established various policies, including conflict of interest and whistleblower protections, that are important for ethical management. However, the absence of financial statements and the lack of a posted tax form significantly detract from its transparency.
Additionally, the foundation's low program expense ratio of 41.82% raises questions about the allocation of funds, suggesting that a smaller portion of its budget is spent on its actual programs. The missing financial disclosures have substantially impacted its score, leaving potential donors and stakeholders with limited insight into the foundation's overall effectiveness and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Sacred Heart Cathedral Foundation legitimate?
Sacred Heart Cathedral Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacred Heart Cathedral 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
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What is the mission statement of Sacred Heart Cathedral Foundation?
The Sacred Heart Cathedral Foundation's mission is primarily focused on serving religious, charitable, and educational needs. Operating as a non-profit organization under Section 501(C)(3) of the Internal Revenue Code, its activities are conducted in accordance with the objectives and philosophy of the Diocese of Davenport, Iowa, and the Code of Canon Law. The foundation aims to support the growth and strength of the Sacred Heart Cathedral, ensuring the maintenance of its primary church facility, which was built in 1891, as well as the construction of a new parish center, religious education area, and improvements to the parking lot. Additionally, the foundation contributes to Catholic education and other missions.
Who is the CEO of Sacred Heart Cathedral Foundation?
Very Rev Thomas Hennen is the Director of Sacred Heart Cathedral Foundation.
What is the revenue of Sacred Heart Cathedral Foundation?
Sacred Heart Cathedral Foundation's revenue in 2022 was $559,305.
Who are the executives of Sacred Heart Cathedral Foundation and what are their salaries?
There 25 volunteers at Sacred Heart Cathedral Foundation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Sacred Heart Cathedral Foundation?
Sacred Heart Cathedral Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sacred Heart Cathedral Foundation
The Sacred Heart Cathedral Foundation is a nonprofit organization that operates with religious, charitable, and educational purposes. Its primary objective is to cater to the current and future needs of the Sacred Heart Cathedral Catholic Parish in Davenport, Iowa. This encompasses maintaining the primary church facility, which was constructed in 1891, as well as undertaking projects such as building a new parish center, expanding the religious education area, and improving the parking lot.
Beyond these physical improvements, the Sacred Heart Cathedral Foundation also supports Catholic education and other missions. Its activities are conducted in compliance with the objectives and philosophy of the Diocese of Davenport, Iowa, and the Code of Canon Law. The foundation's ultimate goal is to foster and strengthen the Sacred Heart Cathedral in Davenport, Iowa.
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Impact
July, 2024
Sacred Heart Cathedral Foundation's impact is centered around providing for the current and future needs of Sacred Heart Cathedral Catholic Parish in Davenport, IA. This includes maintaining the primary church facility, which has served the community since 1891, as well as constructing new facilities such as a parish center, religious education area, and improvements to the parking lot. Additionally, the foundation supports Catholic education and other missions within the community.
By funding the maintenance and expansion of the building that serves as a hub for education and religious activities, Sacred Heart Cathedral Foundation plays a vital role in providing a space for community members and parishioners to come together for spiritual growth and support. The foundation operates exclusively for religious, charitable, and educational purposes, aligning its activities with the objectives and philosophy of the Diocese of Davenport, Iowa. Through its work, the foundation contributes to the strength and growth of Sacred Heart Cathedral and the wider community in Davenport.
This information is meant to be a general summary of Sacred Heart Cathedral 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: $112,979
- Gross Receipts: $564,959
Assets and Liabilities:
- Total Assets: $8,401,923
- Total Liabilities: $0
- Net Assets: $8,401,923
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Organization Details
Founding Year
2010
Phone
(563) 324-3257Principal Officer
Very Rev Thomas Hennen
Main Address
422 E 10TH STREET, DAVENPORT, IA, 52803
NTEE Category
Code: X22 - Religion related
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