Overview
What is Catholic Charities Of Eastern Virginia Foundation Inc?
Catholic Charities of Eastern Virginia Foundation Inc, based in Norfolk, Virginia, serves as an investment management entity for its controlling organization, Catholic Charities of Eastern Virginia, Inc. On an annual basis, the foundation evaluates the potential requirement to transfer its earnings for utilization in program services. The foundation's role primarily involves managing investments to support the overall mission and objectives of Catholic Charities of Eastern Virginia, Inc.
Official website here: www.cceva.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
Catholic Charities of Eastern Virginia Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. With an overall score of 83%, the organization demonstrates a commitment to transparency and responsible financial practices, achieving full marks for its program expense ratio, indicating that all its expenses are directed toward its programs.
Strengths highlighted in the assessment include a fully independent board of directors and a clean record with no material diversion of assets. Additionally, the organization has robust documentation practices, including the retention and destruction policy and access to board meeting minutes. However, the evaluation also notes the absence of a conflict of interest policy and a whistleblower policy, which are important aspects of governance.
Overall, while Catholic Charities of Eastern Virginia showcases strong financial accountability and has a reliable governance structure, there are areas for improvement in policy documentation. These factors are crucial for maintaining trust and ensuring ethical operations in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Catholic Charities Of Eastern Virginia Foundation Inc?
94% of reviewers on Facebook recommend Catholic Charities Of Eastern Virginia Foundation Inc. Here is a summary of their reviews:
Many individuals express appreciation for the organization, highlighting it as a supportive resource for those in need. Reviewers note that the charity provides valuable assistance to those facing challenges, making it a trusted place to seek help.
Overall, constituents appear to feel positively about the services offered, indicating that Catholic Charities meets the expectations of those they serve and delivers meaningful support.
This AI summary has been generated from reviews found on Facebook.
Is Catholic Charities Of Eastern Virginia Foundation Inc legitimate?
Catholic Charities Of Eastern Virginia Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Charities Of Eastern Virginia Foundation 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.cceva.org
What is the mission statement of Catholic Charities Of Eastern Virginia Foundation Inc?
The Catholic Charities of Eastern Virginia Foundation's primary role is to manage the investment portfolio for Catholic Charities of Eastern Virginia, Inc. annually. This foundation reviews the potential need to transfer earnings from these investments to support program services. Essentially, the mission of the Catholic Charities of Eastern Virginia Foundation is to ensure that the controlling organization has sufficient financial resources to carry out its charitable activities and services. By effectively managing its investment portfolio, the foundation plays a crucial role in supporting the overall mission of Catholic Charities of Eastern Virginia, Inc. to provide aid and assistance to those in need.
Official website here: www.cceva.org
Who is the CEO of Catholic Charities Of Eastern Virginia Foundation Inc?
Mary Fick is the Trustee of Catholic Charities Of Eastern Virginia Foundation Inc. The CEO's salary of Catholic Charities Of Eastern Virginia Foundation Inc is $0 and their total compensation is $65,323.
Official website here: www.cceva.org
What is the revenue of Catholic Charities Of Eastern Virginia Foundation Inc?
Catholic Charities Of Eastern Virginia Foundation Inc's revenue in 2022 was $184,278.
Official website here: www.cceva.org
Who are the executives of Catholic Charities Of Eastern Virginia Foundation Inc and what are their salaries?
There 6 volunteers at Catholic Charities Of Eastern Virginia Foundation Inc.
Here are 8 key members and their salaries (Catholic Charities Of Eastern Virginia Foundation Inc's CEO's salary is $0 and their total compensation is $65,323):
- 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: $65,323
- Other: $0
- Compensation: $0
- Related: $100,925
- Other: $2,500
Official website here: www.cceva.org
Where can I find the form 990 for Catholic Charities Of Eastern Virginia Foundation Inc?
Catholic Charities Of Eastern Virginia Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cceva.org
Learn more at the official website: www.cceva.org
Mission Statement of Catholic Charities Of Eastern Virginia Foundation Inc
Catholic Charities of Eastern Virginia Foundation Inc plays a crucial role in managing the investment portfolio of its controlling organization, Catholic Charities of Eastern Virginia, Inc., on an annual basis. The foundation's primary mission involves reviewing the potential need to transfer earnings derived from this portfolio for the purpose of funding program services. In essence, Catholic Charities of Eastern Virginia Foundation Inc serves as a financial steward, ensuring that the funds under its management are utilized effectively to support the charitable initiatives of its controlling organization. By providing investment portfolio management services, the foundation contributes to the overall mission of Catholic Charities of Eastern Virginia, Inc., which aims to uplift and support communities in need.
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Impact
October, 2024
Catholic Charities of Eastern Virginia Foundation Inc plays a critical role in supporting community programs by effectively managing investment portfolios for its controlling organization, Catholic Charities of Eastern Virginia, Inc. Through annual reviews and assessments, the foundation ensures that earnings from its investments are strategically considered for transfer to fund essential program services. This financial stewardship not only enhances the sustainability of charitable efforts but also directly contributes to meeting the diverse needs of the community in Norfolk, VA, and the surrounding regions. By aligning financial resources with the foundational mission of service, the foundation fosters meaningful impact and empowers individuals and families in need.
This information is meant to be a general summary of Catholic Charities Of Eastern Virginia Foundation 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: $26,447
- Gross Receipts: $184,278
Assets and Liabilities:
- Total Assets: $1,211,100
- Total Liabilities: $285,716
- Net Assets: $925,384
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Organization Details
Founding Year
2001
Phone
(757) 456-2366Principal Officer
Mary Fick
Main Address
1132 PICKETT ROAD, NORFOLK, VA, 23502
Website
www.cceva.orgNTEE Category
Code: X22 - Religion related
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