Overview
What is Marian Center Charitable Trust?
Marian Center Charitable Trust is a nonprofit organization situated in Opalocka, Florida. Its primary mission is to facilitate planned donations for the benefit of the Marian Center School and Services, Inc. This organization serves as a platform for individuals, families, corporations, private foundations, and other organizations to contribute to the Marian Center's initiatives. The Marian Center, being the primary program service expense, focuses on providing support and resources for its school and services. The trust's activities involve securing, administering, and investing these donations to further the Marian Center's objectives.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
Marian Center Charitable Trust has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance, with an overall score calculated solely on this aspect. The charity demonstrates strong governance, as evidenced by having a fully independent board of directors and comprehensive policies in place, such as conflict of interest and whistleblower policies.
Financially, the organization showcases a high program expense ratio of 91.17%, which suggests that most of its funds are directed towards its charitable programs rather than administrative costs. Furthermore, it maintains an excellent liabilities to assets ratio of 0.05%, indicating a healthy financial position with minimal debt.
While the charity demonstrates significant strengths in accountability and financial management, the single focus on this beacon score means there is limited insight into other areas such as program effectiveness and impact. Overall, Marian Center Charitable Trust appears to be a well-managed organization committed to transparency and responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Marian Center Charitable Trust legitimate?
Marian Center Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marian Center Charitable Trust 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.
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What is the mission statement of Marian Center Charitable Trust?
The Marian Center Charitable Trust is established with a primary mission to facilitate planned gift contributions for the benefit of the Marian Center School and Services, Inc. Specifically, it serves individuals, families, corporations, private foundations, and other organizations, enabling them to make charitable donations to support the center's cause. The organization's role involves fostering, securing, administering, investing, and managing these gifts for the Marian Center School and Services, Inc. Contributions made to the center form the primary program service expense.
Who is the CEO of Marian Center Charitable Trust?
Sister Lidia Valli is the Director of Marian Center Charitable Trust.
What is the revenue of Marian Center Charitable Trust?
Marian Center Charitable Trust's revenue in 2023 was $2,216,368.
Who are the executives of Marian Center Charitable Trust and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Marian Center Charitable Trust?
Marian Center Charitable Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Marian Center Charitable Trust
Marian Center Charitable Trust is an organization dedicated to facilitating planned charitable gifts for the benefit of the Marian Center School and Services, Inc. Its primary mission is to provide a platform for individuals, families, corporations, private foundations, and other organizations to make thoughtful donations towards the betterment of this institution. The trust serves as a conduit, safeguarding, administering, and investing these gifts, ensuring their optimal use for the welfare of the Marian Center School and Services, Inc. Contributions to this center were the primary program and service expense for Marian Center Charitable Trust.
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Impact
July, 2024
Marian Center Charitable Trust's impact is centered around providing opportunities for individuals, families, corporations, private foundations, and other organizations to make planned gifts that benefit the Marian Center School and Services, Inc. By fostering, securing, administering, and investing these gifts, the organization plays a crucial role in supporting the services provided by the Marian Center. Through the contributions to the center, Marian Center Charitable Trust helps ensure that the primary program services are maintained and enriched, ultimately making a positive difference in the lives of those served by the center.
This information is meant to be a general summary of Marian Center Charitable Trust. 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 2023.
- Investment Income: $1,443,252
- Gross Receipts: $2,216,368
Assets and Liabilities:
- Total Assets: $12,064,403
- Total Liabilities: $7,000
- Net Assets: $12,057,403
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Organization Details
Founding Year
1963
Phone
(305) 625-8354Principal Officer
Sister Lidia Valli
Main Address
15701 NORTHWEST 37TH AVENUE, OPALOCKA, FL, 33054
NTEE Category
Code: T00 - Philanthropy
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