Overview
What is St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr?
St. Maron Maronite Church of Minneapolis, specifically the Nasseff Maronite Seminarians Irrv Trust, is a charitable entity based in Minneapolis, Minnesota. The primary purpose of this trust is to sponsor the education of seminarians affiliated with the Epararchy of Our Lady of Lebanon and St. Maron Church. The trust was established to fund the educational pursuits of these future religious leaders, contributing to their intellectual growth and preparation for their religious roles. The trust sends financial aid to support this cause, demonstrating its commitment to religious education and the future of the Maronite Church.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while the organization demonstrates some strengths, it also has significant areas for improvement in its accountability and financial practices.
The St. Maron Maronite Church of Minneapolis Nasseff Maronite Seminarians has a commendable level of independence on its board, with 100% of board members being independent and a solid material diversion of assets score of none. The organization also shows strong financial health with a 0.00% liabilities to assets ratio and a 100% program expense ratio, suggesting that all funds are directed towards its programs.
However, the organization has several shortcomings, particularly in transparency and governance policies. It lacks a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which are critical for maintaining accountability. Additionally, its website is not listed on its tax form, and it fails to post its tax form on its website, indicating a need for better communication and openness with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr legitimate?
St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr 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
What is the mission statement of St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr?
The St. Maron Maronite Church of Minneapolis's Nasseff Maronite Seminarians Irrv Trust was established with a mission to support the education of seminarians within the eparchy. This mission is carried out by funding the educational expenses of seminary students. The trust has made financial contributions to both the Lady of Lebanon and the St. Maron Maronite Church to cover the costs associated with the seminarians' education. The primary goal of this trust is to contribute to the academic development of future religious leaders within the Maronite community.
Who is the CEO of St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr?
Msgrsharbel Maroun is the Trustee of St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr.
What is the revenue of St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr?
St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr's revenue in 2022 was $27,679.
Who are the executives of St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr?
St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr
St. Maron Maronite Church of Minneapolis's Nasseff Maronite Seminarians Irrv Trust was established with a mission to support the education of seminarians within the Eparchy. The trust's primary goal is to fund the education of these seminarian students, ensuring they can pursue their religious studies and prepare for their future roles within the Maronite Church. The trust has demonstrated this commitment by transferring funds to both the Eparchy Lady of Lebanon and the St. Maron Maronite Church, specifically earmarked for covering the educational expenses of the seminarian students. This financial support plays a crucial role in enabling these individuals to pursue their scholarly pursuits and contribute to the Maronite Church's spiritual leadership in the future.
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Impact
October, 2024
St. Maron Maronite Church of Minneapolis and the Nasseff Maronite Seminarians Irrevocable Trust significantly impact the education and formation of future clergy within the Maronite Eparchy. By providing financial support specifically for the education of seminarians, the trust ensures that aspiring priests have access to the necessary resources and training to serve their communities effectively.
Through direct funding to institutions like the Eparchy of Our Lady of Lebanon and St. Maron Maronite Church, the initiative alleviates the financial burden on students and their families, making theological education more accessible. This support nurtures leadership within the Maronite community, fostering individuals who are well-equipped to guide, educate, and inspire parishioners.
Furthermore, the trust's commitment to the educational journey of seminarians contributes to the overall vitality and sustainability of the Maronite Church in the United States. By investing in the next generation of leaders, St. Maron Maronite Church plays a vital role in preserving the rich cultural and spiritual heritage of the Maronite faith while addressing the evolving needs of its followers.
This information is meant to be a general summary of St Maron Maronite Church Of Minneapolis Nasseff Maronite Seminarians Irrv Tr. 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: $27,679
- Gross Receipts: $27,679
Assets and Liabilities:
- Total Assets: $1,265,025
- Total Liabilities: $0
- Net Assets: $1,265,025
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Organization Details
Founding Year
2013
Phone
(612) 379-2758Principal Officer
Msgrsharbel Maroun
Main Address
600 UNIVERSITY AVE NE, MINNEAPOLIS, MN, 55413
NTEE Category
Code: T99 - Philanthropy
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