Overview
What is Catholic Charities Diocese Of Fort Worth Endowment Inc?
Catholic Charities Diocese Of Fort Worth Endowment Inc is a nonprofit organization headquartered at 249 W Thornhill Dr, Fort Worth, TX 76115. Its primary purpose is to support the charitable and educational work of Catholic Charities Diocese of Fort Worth, Inc., a recognized 501(c)(3) organization. The endowment fund provides financial assistance for housing needs of eligible clients, covers salaries and benefits of staff members who work directly with clients, and contributes to the organization's overall operational costs. The endowment's mission is to manage and distribute investment property to aid Catholic Charities in responding to community needs.
Official website here: www.catholiccharitiesfortworth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Catholic Charities Diocese Of Fort Worth Endowment Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored 100% in its accountability and finance metrics, indicating that it operates with a high level of transparency and responsibility in its financial practices.
One of the notable strengths of the organization is its governance structure, with a fully independent board consisting of eight members, which enhances its credibility and oversight. Additionally, the charity exhibits excellent management practices, including a whistleblower policy, conflict of interest policy, and documented board meeting minutes. These elements contribute to a solid foundation of trust for donors and stakeholders.
The charity's financial ratios are also commendable, with a 100% program expense ratio, indicating that all of its expenses are allocated directly to program services. This efficiency, combined with a zero liability to assets ratio, reinforces the financial stability of the organization. Overall, Catholic Charities Diocese Of Fort Worth Endowment Inc demonstrates exemplary performance in both governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Catholic Charities Diocese Of Fort Worth Endowment Inc?
88% of 54 reviewers on Facebook recommend Catholic Charities Diocese Of Fort Worth Endowment Inc. Here is a summary of their insights:
Many individuals express gratitude for the support provided, highlighting how the organization has made a tangible difference in their lives during challenging times. Positive experiences often focus on the assistance with financial obligations, such as utility bills, which have been particularly impactful for those facing hardship.
Overall, it seems that this nonprofit is recognized for its commitment to helping the community, with users appreciating both the practical help and emotional support offered during difficult situations. The positive sentiment suggests that Catholic Charities lives up to its mission of providing assistance and hope to those in need.
This AI summary has been generated from reviews found on Facebook.
Is Catholic Charities Diocese Of Fort Worth Endowment Inc legitimate?
Catholic Charities Diocese Of Fort Worth Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Charities Diocese Of Fort Worth Endowment 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
Official website here: www.catholiccharitiesfortworth.org
What is the mission statement of Catholic Charities Diocese Of Fort Worth Endowment Inc?
Catholic Charities Diocese Of Fort Worth Endowment Inc is established with the mission to support Catholic Charities, a charitable and educational organization. The endowment corporation acquires, manages, and distributes investment property to benefit Catholic Charities, responding to its needs and demands. The primary goal is to provide financial assistance and resources to Catholic Charities, contributing to its charitable and educational activities.
Official website here: www.catholiccharitiesfortworth.org
Who is the CEO of Catholic Charities Diocese Of Fort Worth Endowment Inc?
Michael Iglio is the Chief Operating Officer of Catholic Charities Diocese Of Fort Worth Endowment Inc. The CEO's salary of Catholic Charities Diocese Of Fort Worth Endowment Inc is $0 and their total compensation is $108,051.
Official website here: www.catholiccharitiesfortworth.org
What is the revenue of Catholic Charities Diocese Of Fort Worth Endowment Inc?
Catholic Charities Diocese Of Fort Worth Endowment Inc's revenue in 2022 was $540,651.
Official website here: www.catholiccharitiesfortworth.org
Who are the executives of Catholic Charities Diocese Of Fort Worth Endowment Inc and what are their salaries?
Here are 11 key members and their salaries (Catholic Charities Diocese Of Fort Worth Endowment Inc's CEO's salary is $0 and their total compensation is $108,051):
- Compensation: $0
- Related: $294,608
- Other: $2,474
- Compensation: $0
- Related: $175,211
- Other: $27,003
- Compensation: $0
- Related: $153,228
- Other: $16,722
- Compensation: $0
- Related: $105,457
- Other: $2,594
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.catholiccharitiesfortworth.org
Where can I find the form 990 for Catholic Charities Diocese Of Fort Worth Endowment Inc?
Catholic Charities Diocese Of Fort Worth Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.catholiccharitiesfortworth.org
Learn more at the official website: www.catholiccharitiesfortworth.org
Mission Statement of Catholic Charities Diocese Of Fort Worth Endowment Inc
Catholic Charities Diocese of Fort Worth Endowment Inc is established with a mission to support Catholic Charities, a charitable and educational organization. This endowment corporation aims to acquire, manage, and distribute investment property exclusively for the benefit of Catholic Charities. Its primary goal is to address the needs or demands of Catholic Charities, contributing to its operations and initiatives. By doing so, the organization seeks to provide assistance and support in line with Catholic Charities' charitable and educational objectives under Internal Revenue Code Sec 501(c)(3). Overall, Catholic Charities Diocese of Fort Worth Endowment Inc serves as a crucial financial backbone for Catholic Charities, enabling it to fulfill its mission of providing aid and support to those in need.
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Impact
July, 2024
Catholic Charities Diocese Of Fort Worth Endowment Inc's impact is primarily focused on supporting the housing needs of eligible clients of Catholic Charities Diocese of Fort Worth. The granted funds are used to provide targeted financial assistance for housing, cover the salaries and benefits of staff such as Housing Specialists, Case Managers, and Homeless Services staff who work directly with clients, and support the general operational needs of Catholic Charities Diocese of Fort Worth. This ensures that individuals and families in need have access to safe and stable housing options, ultimately contributing to their overall well-being and quality of life.
This information is meant to be a general summary of Catholic Charities Diocese Of Fort Worth Endowment 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.
- Investment Income: -$25,719
- Gross Receipts: $540,651
Assets and Liabilities:
- Total Assets: $13,415,922
- Total Liabilities: $0
- Net Assets: $13,415,922
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Organization Details
Founding Year
2011
Phone
(817) 534-0814Principal Officer
Michael Iglio
Main Address
249 W Thornhill Dr, Fort Worth, TX, 76115
NTEE Category
Code: P31 - Human services
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