Overview
What is Catholic Foundation Of Eastern Pennsylvania Inc?
Catholic Foundation of Eastern Pennsylvania Inc, established as a 501(c)(3) charitable organization, is headquartered in Allentown, Pennsylvania. Its primary function involves managing endowment assets for various Catholic parishes, educational institutions, and ministries, both within and beyond the Diocese of Allentown. The foundation serves as a trusted entity, facilitating the donation, restriction, administration, and distribution of gifts, catering to both restricted and non-restricted purposes. The Catholic Foundation of Eastern Pennsylvania Inc, being a Pennsylvania nonprofit corporation, operates for religious, charitable, and educational purposes, aligning with Section 501(c)(3) of the Internal Revenue Code. The organization supports ministries focusing on religion, charity, service, and education, within or outside the Diocese of Allentown. The foundation currently employs a team of three individuals.
Official website here: www.catholicfoundationep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Stars
The Catholic Foundation of Eastern Pennsylvania Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's overall score is entirely based on its accountability and finance metrics, which are rated at 80%. This high score reflects strong governance practices, including a fully independent board and comprehensive financial oversight.
The foundation demonstrates excellent adherence to best practices, evidenced by its perfect scores in several categories such as independent board membership and the existence of essential policies like conflict of interest and whistleblower protections. Additionally, there have been no reported material diversions of assets, which enhances the organization's credibility and trustworthiness.
However, the charity's liabilities to assets ratio is relatively high at 66.29%, which may raise questions about financial stability. While the organization shows a commendable program expense ratio of 77.34%, indicating that a significant portion of its funds is allocated to its programs, the liabilities aspect suggests that stakeholders should monitor its financial health closely moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Foundation Of Eastern Pennsylvania Inc legitimate?
Catholic Foundation Of Eastern Pennsylvania Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Foundation Of Eastern Pennsylvania 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: $135,570
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,000
For more financial information, click here
Official website here: www.catholicfoundationep.org
What is the mission statement of Catholic Foundation Of Eastern Pennsylvania Inc?
The Catholic Foundation of Eastern Pennsylvania Inc., functioning as a Pennsylvania nonprofit corporation, is established and operates with religious, charitable, and educational objectives in line with Section 501(C)(3) of the Internal Revenue Code. This foundation supports various ministries, encompassing religion, charity, service, and education, both within and beyond the Diocese of Allentown. Its primary role involves facilitating the donation, restriction, administration, and distribution of gifts for both restricted and non-restricted purposes.
Official website here: www.catholicfoundationep.org
Who is the CEO of Catholic Foundation Of Eastern Pennsylvania Inc?
Paul E Huck is the Chairman of Catholic Foundation Of Eastern Pennsylvania Inc.
Official website here: www.catholicfoundationep.org
What is the revenue of Catholic Foundation Of Eastern Pennsylvania Inc?
Catholic Foundation Of Eastern Pennsylvania Inc's revenue in 2023 was $1,364,400.
Official website here: www.catholicfoundationep.org
Who are the executives of Catholic Foundation Of Eastern Pennsylvania Inc and what are their salaries?
The average compensation at Catholic Foundation Of Eastern Pennsylvania Inc during 2023 was $76,523. There are 3 employees and 10 volunteers at Catholic Foundation Of Eastern Pennsylvania Inc.
Here are 11 key members and their salaries:
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- Compensation: $110,004
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- Other: $20,919
Official website here: www.catholicfoundationep.org
Where can I find the form 990 for Catholic Foundation Of Eastern Pennsylvania Inc?
Catholic Foundation Of Eastern Pennsylvania Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.catholicfoundationep.org
Learn more at the official website: www.catholicfoundationep.org
Mission Statement of Catholic Foundation Of Eastern Pennsylvania Inc
The Catholic Foundation of Eastern Pennsylvania, Inc., is a Pennsylvania-based nonprofit organization, operating under the umbrella of religious, charitable, and educational purposes as outlined in Section 501(C)(3) of the Internal Revenue Code. This foundation's mission is multifaceted, supporting various ministries within and beyond the Diocese of Allentown. It engages in religious activities, extends charitable aid, provides service, and fosters education. The Catholic Foundation of Eastern Pennsylvania, Inc., acts as a trust for both restricted and non-restricted gifts, ensuring their proper donation, administration, and distribution, thereby contributing significantly to ministries that align with its religious, charitable, and educational objectives.
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Impact
July, 2024
The impact of the Catholic Foundation Of Eastern Pennsylvania Inc is significant in supporting various Catholic parishes, educational institutions, and ministries within and outside the Diocese of Allentown. By managing endowment assets and facilitating the donation, restriction, administration, and distribution of gifts, the foundation plays a crucial role in ensuring financial stability and continuity for these organizations. Additionally, through the distribution of grants to designated beneficiaries, the foundation actively contributes to the promotion of religious, charitable, service, and educational initiatives. Ultimately, the Catholic Foundation Of Eastern Pennsylvania Inc's work helps sustain and advance key aspects of the Catholic community and its mission.
This information is meant to be a general summary of Catholic Foundation Of Eastern Pennsylvania 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 2023.
- Investment Income: $100,331
- Program Service Revenue: $142,403
- Gross Receipts: $1,546,184
Assets and Liabilities:
- Total Assets: $30,512,216
- Total Liabilities: $20,229,076
- Net Assets: $10,283,140
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATION FEES
Revenue
$142,403
Organization Details
Founding Year
2013
Phone
(610) 554-1941Principal Officer
Paul E Huck
Main Address
2949 W GREENLEAF ST, ALLENTOWN, PA, 18104
Website
www.catholicfoundationep.orgNTEE Category
Code: X22 - Religion related
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