Overview
What is Belmont Chapel Foundation?
The Belmont Chapel Foundation is a nonprofit organization dedicated to preserving the historic Belmont Chapel. Their mission involves restoring the chapel to make it functional for current use, ensuring its longevity into the future through maintenance and upkeep. This preservation effort encompasses the chapel's historical integrity, ensuring it remains a significant part of the community for generations to come.
Official website here: www.belmontchapelfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star Rating.
The Belmont Chapel Foundation has received a low overall score of 43%, which indicates significant concerns regarding its financial health and accountability. While the organization has a fully independent board and demonstrates strong governance practices, such as having no material diversion of assets and listing necessary documents on its website, there are critical areas where it falls short. Notably, the absence of a whistleblower policy and failure to adhere to document retention guidelines raise questions about its operational transparency.
Financially, the organization struggles with a program expense ratio of only 8.05%, meaning a large portion of its funding does not appear to be directed towards its programs. Additionally, the liabilities to assets ratio is concerning at 2.58%, indicating potential financial instability. These factors contribute to the overall low rating and reflect the need for significant improvement in the foundation’s financial practices and commitment to programmatic funding.
In summary, while Belmont Chapel Foundation has established some strong governance structures, its financial performance and lack of essential policies detract from its effectiveness as a nonprofit. Prospective donors and supporters may wish to consider these limitations before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Belmont Chapel Foundation legitimate?
Belmont Chapel Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont Chapel 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
Official website here: www.belmontchapelfoundation.org
What is the mission statement of Belmont Chapel Foundation?
The Belmont Chapel Foundation's mission revolves around preserving the historic Belmont Chapel. Their primary objectives include restoring the chapel to make it functional for current use and ensuring its sustainability for future generations. The foundation is committed to maintaining the chapel's historical integrity while making necessary improvements for its continued existence. Their goal is to safeguard the chapel's legacy and ensure its longevity for future generations to appreciate and enjoy.
Official website here: www.belmontchapelfoundation.org
Who is the CEO of Belmont Chapel Foundation?
Harry J Eudenbach is the Trustee of Belmont Chapel Foundation.
Official website here: www.belmontchapelfoundation.org
What is the revenue of Belmont Chapel Foundation?
Belmont Chapel Foundation's revenue in 2022 was $1,514,694.
Official website here: www.belmontchapelfoundation.org
Who are the executives of Belmont Chapel Foundation and what are their salaries?
There 5 volunteers at Belmont Chapel 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
Official website here: www.belmontchapelfoundation.org
Where can I find the form 990 for Belmont Chapel Foundation?
Belmont Chapel Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmontchapelfoundation.org
Learn more at the official website: www.belmontchapelfoundation.org
Mission Statement of Belmont Chapel Foundation
Belmont Chapel Foundation is committed to preserving the historical Belmont Chapel. Their mission involves not just maintaining the Chapel's integrity, but also restoring it to make it functional for the present day. Moreover, the organization is dedicated to ensuring the Chapel's sustainability into the future. By preserving the Belmont Chapel, the foundation aims to safeguard a piece of history while also preparing it for future generations. The restoration process involves making necessary adjustments to the Chapel, ensuring it remains a significant and usable landmark. The maintenance aspect of their mission ensures that the Chapel continues to stand strong and beautiful, a testament to the past and a beacon for the future.
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
July, 2024
Belmont Chapel Foundation's impact lies in the preservation of the historic Belmont Chapel in Newport, RI. By restoring and maintaining this cherished landmark, the foundation ensures that the Chapel remains usable today while safeguarding its sustainability for future generations. This preservation effort not only protects a significant piece of history but also contributes to the cultural heritage of the community.
This information is meant to be a general summary of Belmont Chapel 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: -$2,464
- Gross Receipts: $1,532,650
Assets and Liabilities:
- Total Assets: $2,209,510
- Total Liabilities: $75,248
- Net Assets: $2,134,262
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(401) 595-9126Principal Officer
Harry J Eudenbach
Main Address
30 WARNER STREET, NEWPORT, RI, 02840
NTEE Category
Code: A02 - Arts
If you are a representative of Belmont Chapel 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.