Overview
What is Catholic Community Foundation For The Archdiocese Of Cincinnati Inc?
The Catholic Community Foundation for the Archdiocese of Cincinnati Inc. is a nonprofit organization situated in Cincinnati, Ohio. Its primary mission is to raise funds and promote various causes within the Archdiocese of Cincinnati. These initiatives encompass supporting priestly formation, Catholic elementary and secondary education, providing care for retired, sick, and elderly diocesan priests, and aiding the poor, vulnerable, and underprivileged in southwest Ohio. The foundation also distributes funds and grants to organizations with similar purposes and engages in other charitable activities. Its headquarters can be found at 100 E 8TH STREET 8TH FLOOR, CINCINNATI, OH, 45202.
Official website here: www.1faith1hope1love.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Stars)
The Catholic Community Foundation for the Archdiocese of Cincinnati Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance. The foundation demonstrates a strong commitment to program expenses, with an impressive 92.89% of its expenses allocated directly to programs. Additionally, its fundraising efficiency is notable, showing a low cost of fundraising at $0.05 per dollar raised.
However, the organization faces significant challenges in terms of accountability and financial transparency. It lacks important policies such as a whistleblower policy and document retention measures, which are critical for maintaining trust and integrity. Furthermore, there are no financial statements available, which raises concerns about overall transparency and the ability to assess fiscal health effectively.
Despite having a majority of independent board members and no reported material diversion of assets, the foundation’s liabilities to assets ratio and working capital ratio suggest potential financial instability. Stakeholders may want to consider these factors when evaluating the foundation's overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Community Foundation For The Archdiocese Of Cincinnati Inc legitimate?
Catholic Community Foundation For The Archdiocese Of Cincinnati Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Community Foundation For The Archdiocese Of Cincinnati 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.1faith1hope1love.org
What is the mission statement of Catholic Community Foundation For The Archdiocese Of Cincinnati Inc?
The Catholic Community Foundation for the Archdiocese of Cincinnati's mission is centered around raising funds and promoting various causes. Primarily, it supports priestly formation and Catholic education at the elementary and secondary levels within the Archdiocese of Cincinnati. Another significant focus is on providing care for retired, sick, and elderly diocesan priests who have dedicated their lives to the Catholic faith by serving within the Archdiocese.
Furthermore, the foundation is committed to caring for the poor, vulnerable, and underprivileged in Southwest Ohio. It distributes funds and grants to organizations with similar objectives. Lastly, the foundation also supports other charitable purposes.
Official website here: www.1faith1hope1love.org
Who is the CEO of Catholic Community Foundation For The Archdiocese Of Cincinnati Inc?
Thomas Jennings is the Chair of Catholic Community Foundation For The Archdiocese Of Cincinnati Inc.
Official website here: www.1faith1hope1love.org
What is the revenue of Catholic Community Foundation For The Archdiocese Of Cincinnati Inc?
Catholic Community Foundation For The Archdiocese Of Cincinnati Inc's revenue in 2022 was $2,350,625.
Official website here: www.1faith1hope1love.org
Who are the executives of Catholic Community Foundation For The Archdiocese Of Cincinnati Inc and what are their salaries?
There 10 volunteers at Catholic Community Foundation For The Archdiocese Of Cincinnati Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $68,819
- Other: $8,946
- Compensation: $0
- Related: $21,403
- Other: $4,473
- Compensation: $0
- Related: $135,356
- Other: $20,856
- Compensation: $0
- Related: $106,571
- Other: $20,856
- 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: $18,746
- Other: $4,560
Official website here: www.1faith1hope1love.org
Where can I find the form 990 for Catholic Community Foundation For The Archdiocese Of Cincinnati Inc?
Catholic Community Foundation For The Archdiocese Of Cincinnati Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1faith1hope1love.org
Learn more at the official website: www.1faith1hope1love.org
Mission Statement of Catholic Community Foundation For The Archdiocese Of Cincinnati Inc
The Catholic Community Foundation for the Archdiocese of Cincinnati Inc is a philanthropic organization with a multifaceted mission. Its primary aim is to raise funds to support priestly formation and Catholic elementary and secondary education within the Archdiocese of Cincinnati. Beyond education, the foundation also focuses on caring for retired, sick, and elderly diocesan priests who have dedicated their lives to the Catholic faith by providing services within the Archdiocese of Cincinnati.
In addition to these initiatives, the foundation is committed to addressing the needs of the poor, vulnerable, and underprivileged in southwest Ohio. This involves distributing funds and grants to organizations that share similar purposes. The organization's mission is not limited to these areas and also includes engaging in other charitable activities. In essence, the Catholic Community Foundation for the Archdiocese of Cincinnati Inc serves as a vital source of support for various sectors within the Catholic community and beyond, aiming to uplift and empower those in need.
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Impact
July, 2024
Catholic Community Foundation For The Archdiocese Of Cincinnati Inc has a significant impact on the community by raising funds to support priestly formation, Catholic education, care for retired priests, and assistance for the poor, vulnerable, and underprivileged in Southwest Ohio. Through distributing funds and grants to organizations with similar purposes, the foundation plays a crucial role in promoting and nurturing important aspects of the Catholic faith and charitable work in the region.
This information is meant to be a general summary of Catholic Community Foundation For The Archdiocese Of Cincinnati 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: $13,641
- Gross Receipts: $2,350,625
Assets and Liabilities:
- Total Assets: $763,642
- Total Liabilities: $514,141
- Net Assets: $249,501
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Organization Details
Founding Year
2014
Phone
(513) 421-3131Principal Officer
Thomas Jennings
Main Address
100 E 8TH STREET 8TH FLOOR, CINCINNATI, OH, 45202
Website
www.1faith1hope1love.orgNTEE Category
Code: X20 - Religion related
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