Overview
What is The Catholic Foundation Of North Georgia?
The Catholic Foundation of North Georgia, located at 5871 Glenridge Dr Suite 300, Atlanta, GA 30328, is a nonprofit organization that contributes to the financial sustainability of churches, schools, ministries, and nonprofits within the Archdiocese of Atlanta. Through their competitive grants programs, donor-advised funds, and endowment distribution grants, they facilitate lasting impact in the community. The foundation's mission is to attract, professionally manage, and invest gifts to support the current and long-term financial needs of various Catholic institutions. Employing a team of eleven individuals, they make a significant difference in the community by enhancing the financial stability of essential Catholic organizations.
Official website here: www.cfnga.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
The Catholic Foundation of North Georgia has achieved a remarkable 97% rating from Charity Navigator, which signifies strong performance in accountability and finance. The foundation's commitment to transparency is evident through its independent board structure, with 89% of members being independent, ensuring effective oversight and governance.
Financially, the organization demonstrates impressive metrics, including a low liabilities to assets ratio of 29.75% and a program expense ratio of 75.86%, indicating that a significant portion of its funds is directed toward its programs. Additionally, its fundraising efficiency is commendable, with only $0.05 spent to raise each dollar, showcasing a prudent approach to resource management.
Overall, the foundation is well-structured with comprehensive policies in place, such as conflict of interest and whistleblower protections, which further reinforce its credibility. However, the summary does not mention specific program impacts or community feedback, which could provide a fuller picture of its effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Catholic Foundation Of North Georgia legitimate?
The Catholic Foundation Of North Georgia is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Catholic Foundation Of North Georgia 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: $153,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $446,968
For more financial information, click here
Official website here: www.cfnga.com
What is the mission statement of The Catholic Foundation Of North Georgia?
The Catholic Foundation of North Georgia facilitates lasting impact in the community for Catholics. They oversee the management and investment of donations, supporting the financial needs of churches, schools, charities, and ministries in the long term. Through competitive grants programs, donor-advised funds, and endowment distribution grants, the foundation provides essential financial assistance to various Catholic organizations within the Archdiocese of Atlanta.
Official website here: www.cfnga.com
Who is the CEO of The Catholic Foundation Of North Georgia?
Nancy Coveny is the Director of The Catholic Foundation Of North Georgia.
Official website here: www.cfnga.com
What is the revenue of The Catholic Foundation Of North Georgia?
The Catholic Foundation Of North Georgia's revenue in 2022 was $13,241,059.
Official website here: www.cfnga.com
Who are the executives of The Catholic Foundation Of North Georgia and what are their salaries?
The average compensation at The Catholic Foundation Of North Georgia during 2022 was $54,585. There are 11 employees and 28 volunteers at The Catholic Foundation Of North Georgia.
Here are 30 key members and their salaries:
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- Other: $25,918
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- Other: $23,730
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- Other: $29,887
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Official website here: www.cfnga.com
Where can I find the form 990 for The Catholic Foundation Of North Georgia?
The Catholic Foundation Of North Georgia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfnga.com
Learn more at the official website: www.cfnga.com
Mission Statement of The Catholic Foundation Of North Georgia
The Catholic Foundation of North Georgia plays a significant role in enabling Catholics to make an enduring impact on their community. Based in the Archdiocese of Atlanta, this esteemed organization professionally manages and invests donations to address the current and long-term financial needs of churches, schools, charities, and other ministries. By attracting and overseeing gifts, The Catholic Foundation of North Georgia acts as a bridge between generous donors and the worthy causes they wish to support.
In their mission to create lasting change, the Foundation provides grants to various entities in their network. These grants are awarded through competitive programs, donor-advised funds, and endowment distribution grants. By leveraging these funds, The Catholic Foundation of North Georgia supports a wide range of initiatives that contribute to the betterment of the community in the Archdiocese of Atlanta. As a result, the organization plays a pivotal role in driving positive change, empowering the churches, schools, ministries, and nonprofits within their network to thrive and make a difference in the lives of countless individuals.
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Impact
October, 2024
The Catholic Foundation of North Georgia significantly impacts the community by providing essential financial support to churches, schools, and various ministries within the Archdiocese of Atlanta. Through competitive grants, donor-advised funds, and endowment distribution grants, it helps address both immediate and long-term financial needs. This foundation attracts, manages, and invests gifts, enabling Catholics to create a lasting difference in their communities. By ensuring continuous support for parishes and charitable organizations, it fosters growth and sustainability in faith-based initiatives, ultimately enriching the lives of individuals and families in the region.
This information is meant to be a general summary of The Catholic Foundation Of North Georgia. 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: $2,069,623
- Program Service Revenue: $199,431
- Gross Receipts: $16,660,919
Assets and Liabilities:
- Total Assets: $101,689,648
- Total Liabilities: $28,457,383
- Net Assets: $73,232,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUND MANAGEMENT FEES
Revenue
$199,431
Organization Details
Founding Year
1992
Phone
(404) 497-9440Principal Officer
Nancy Coveny
Main Address
5871 GLENRIDGE DR SUITE 300, ATLANTA, GA, 30328
Website
www.cfnga.comNTEE Category
Code: T31 - Philanthropy
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