Overview
What is Westminster Ingleside Presbyterian Foundation?
Westminster Ingleside Presbyterian Foundation, also known as the Westminster Ingleside Foundation, is a charitable organization based in Rockville, Maryland. Their primary mission is to support the Ingleside Presbyterian Retirement Community, Westminster Presbyterian Retirement Community, and King Farm Presbyterian Retirement Community, three retirement communities under their umbrella. The foundation raises charitable funds to assist residents who may be struggling financially, ensuring they can continue residing in their comfortable and familiar homes. In 2022, the foundation granted $179,585 to residents to cover housing, meals, and care expenses. The foundation's goal is to enhance the quality of life for all residents and build an endowment for future support.
Official website here: www.givetowif.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55% (One-Star out of Four Stars)
Westminster Ingleside Presbyterian Foundation has received a low overall rating of 55%, indicating significant concerns regarding its accountability and financial management, which earned a score of 47. Despite this, the organization displays strong governance practices, with 91% independent board members and high scores in areas such as audit oversight and policy transparency. These strengths reflect a commitment to ethical governance and operational integrity.
The foundation excels in its cultural and community engagement, achieving a remarkable score of 93 in this area. This suggests that the organization effectively connects with its constituents and values feedback, as demonstrated by perfect scores in feedback collection and usage. It shows a responsive approach to community needs, which is a positive aspect of its operations.
However, financial metrics reveal challenges, particularly with a low program expense ratio of 41.38% and a fundraising efficiency ratio of $0.19. These figures indicate that a smaller portion of expenses is directed toward programs, raising concerns about the sustainability of its funding strategy and overall financial health. The lengthy working capital ratio of nearly 11 years further complicates its financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Westminster Ingleside Presbyterian Foundation legitimate?
Westminster Ingleside Presbyterian Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westminster Ingleside Presbyterian 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: $441,808
Professional Fundraising Fees: $0
Other Salaries and Wages: $212,063
For more financial information, click here
Official website here: www.givetowif.org
What is the mission statement of Westminster Ingleside Presbyterian Foundation?
The Westminster Ingleside Presbyterian Foundation's mission is to support the charitable activities of three Presbyterian retirement communities: Ingleside Presbyterian Retirement Community, Westminster Presbyterian Retirement Community, and King Farm Presbyterian Retirement Community. The foundation achieves this by raising charitable funds to assist residents in need, improving the quality of life for all residents, and building an endowment for future needs. Its efforts are geared towards enhancing the living conditions and well-being of the elderly residents in these communities.
Official website here: www.givetowif.org
Who is the CEO of Westminster Ingleside Presbyterian Foundation?
Lynn O'Connor is the President/Ceo of Westminster Ingleside Presbyterian Foundation. The CEO's salary of Westminster Ingleside Presbyterian Foundation is $404,377 and their total compensation is $441,808.
Official website here: www.givetowif.org
What is the revenue of Westminster Ingleside Presbyterian Foundation?
Westminster Ingleside Presbyterian Foundation's revenue in 2022 was $4,039,347.
Official website here: www.givetowif.org
Who are the executives of Westminster Ingleside Presbyterian Foundation and what are their salaries?
The average compensation at Westminster Ingleside Presbyterian Foundation during 2022 was $163,468. There are 4 employees and 11 volunteers at Westminster Ingleside Presbyterian Foundation.
Here are 17 key members and their salaries (Westminster Ingleside Presbyterian Foundation's CEO's salary is $404,377 and their total compensation is $441,808):
- Compensation: $404,377
- Related: $0
- Other: $37,431
- 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: $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: $523,480
- Other: $36,568
- Compensation: $0
- Related: $366,756
- Other: $11,207
- Compensation: $0
- Related: $249,846
- Other: $24,502
- Compensation: $0
- Related: $218,217
- Other: $16,793
- Compensation: $0
- Related: $179,392
- Other: $14,270
Official website here: www.givetowif.org
Where can I find the form 990 for Westminster Ingleside Presbyterian Foundation?
Westminster Ingleside Presbyterian Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.givetowif.org
Learn more at the official website: www.givetowif.org
Mission Statement of Westminster Ingleside Presbyterian Foundation
The Westminster Ingleside Presbyterian Foundation is committed to supporting the charitable activities of three retirement communities: Ingleside Presbyterian Retirement Community, Inc., Westminster Presbyterian Retirement Community, Inc., and King Farm Presbyterian Retirement Community, Inc. This foundation aims to accomplish its mission by raising charitable funds to assist residents in need, enhancing the quality of life for all residents, and building an endowment for the future. The Westminster Ingleside Presbyterian Foundation's primary goal is to contribute to the well-being of the elderly residents living in these communities, ensuring their needs are met and their lives are enriched. By raising funds and focusing on the betterment of these communities, the foundation is able to create a sustainable future for its residents.
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Impact
July, 2024
Westminster Ingleside Presbyterian Foundation's impact is significant in ensuring that residents of Ingleside, Westminster, and King Farm retirement communities are able to remain in their homes despite financial challenges. Through the Resident Supporting Fund program, the foundation provides confidential subsidies to residents in need, allowing them to afford housing, meals, and care. In 2022 alone, the foundation granted $179,585 to residents, ensuring that no one is asked to leave due to financial constraints. By supporting these charitable activities, the foundation enhances the quality of life for all residents and builds an endowment for the future.
This information is meant to be a general summary of Westminster Ingleside Presbyterian 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: $34,874
- Gross Receipts: $7,704,122
Assets and Liabilities:
- Total Assets: $24,755,860
- Total Liabilities: $5,831,265
- Net Assets: $18,924,595
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Organization Details
Founding Year
1999
Phone
(301) 407-2030Principal Officer
Lynn O'Connor
Main Address
2275 RESEARCH BLVD STE 450, ROCKVILLE, MD, 20850
Website
www.givetowif.orgNTEE Category
Code: L220 - Housing
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