Overview
What is Loretto Literary And Benevolent Institution?
Loretto Literary and Benevolent Institution is a nonprofit organization situated in Nerinx, Kentucky, with a specific focus on providing care for the 49 residents at the Loretto Motherhouse Infirmary and the 33 retired Catholic personnel. The institution operates the Loretto Motherhouse Infirmary, a licensed long-term care facility, which is owned and sponsored by the Sisters of Loretto. This facility is renowned for delivering the highest standard of holistic care, promoting comfort, security, and dignity for all its residents. The organization employs a team of 219 individuals, demonstrating its commitment to the well-being of its residents and staff.
What are the reviews and ratings of this charity?
Charity Navigator rates the Loretto Literary and Benevolent Institution with a score of 75%, resulting in a Three-Star out of Four Star rating. This score is solely based on the Accountability & Finance category, where it notably excelled in elements such as having a completely independent board and a solid program expense ratio of 90.48%. However, the organization received low marks for transparency, as several required documents were missing from its website.
The strengths highlighted in the rating include the institution’s robust financial health and adherence to a conflict of interest policy, signifying good governance practices. However, the absence of financial statements and public documentation could hinder potential donors from evaluating the organization's fiscal responsibility and overall impact thoroughly.
User reviews from GreatNonprofits could not be retrieved, so feedback from the public remains unavailable. Overall, while Loretto Literary and Benevolent Institution demonstrates a commitment to accountability, improvements are needed in transparency to enhance trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Loretto Literary And Benevolent Institution legitimate?
Loretto Literary And Benevolent Institution is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loretto Literary And Benevolent Institution 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: $6,233,734
For more financial information, click here
What is the mission statement of Loretto Literary And Benevolent Institution?
The Loretto Literary and Benevolent Institution is associated with a long-term care facility, overseen by the Sisters of Loretto. This facility, known as the Loretto Motherhouse Infirmary, is dedicated to providing a superior standard of holistic care, ensuring comfort, security, and dignity for its 49 residents. Its mission is to prioritize the well-being of these residents and the 33 retired Catholic personnel, offering them the best possible care. The institution's goal is to foster an environment that promotes their overall well-being and respects their dignity.
Who is the CEO of Loretto Literary And Benevolent Institution?
Barbara Nicholas Sl is the President of Loretto Literary And Benevolent Institution.
What is the revenue of Loretto Literary And Benevolent Institution?
Loretto Literary And Benevolent Institution's revenue in 2022 was $10,233,209.
Who are the executives of Loretto Literary And Benevolent Institution and what are their salaries?
The average compensation at Loretto Literary And Benevolent Institution during 2022 was $28,465. There are 219 employees at Loretto Literary And Benevolent Institution.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Loretto Literary And Benevolent Institution?
Loretto Literary And Benevolent Institution's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Loretto Literary And Benevolent Institution
Loretto Literary and Benevolent Institution, a facility owned and sponsored by the Sisters of Loretto, is committed to providing the highest standard of holistic care. This care is designed to promote comfort, security, and dignity for all its 49 residents, as well as for the 33 retired Catholic personnel under its care. The institution's mission is centered around offering a comprehensive approach to care, ensuring that each resident experiences a sense of well-being and respect. The Loretto Literary and Benevolent Institution's holistic approach encompasses every aspect of an individual's life, fostering an environment that supports their physical, emotional, and spiritual needs. The institution's primary goal is to create a home where every resident can live with dignity and peace, benefiting from the Sisters of Loretto's long-standing tradition of compassionate care.
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Impact
July, 2024
Loretto Literary and Benevolent Institution, operating as the Loretto Motherhouse Infirmary in Nerinx, KY, has a significant impact in providing high-quality long-term care to its residents. Upheld by the Sisters of Loretto, the institution ensures that all 49 residents at the infirmary and the 33 retired Catholic personnel receive holistic care that prioritizes comfort, security, and dignity. Through its commitment to maintaining the highest standards of care, Loretto Literary and Benevolent Institution positively influences the well-being and quality of life of those under its care.
This information is meant to be a general summary of Loretto Literary And Benevolent Institution. 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: -$174,234
- Program Service Revenue: $4,835,287
- Gross Receipts: $10,233,209
Assets and Liabilities:
- Total Assets: $2,338,041
- Total Liabilities: $285,901
- Net Assets: $2,052,140
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICES
Revenue
$3,701,203
Organization Details
Founding Year
1829
Phone
(270) 865-5811Principal Officer
Barbara Nicholas Sl
Main Address
515 NERINX ROAD, NERINX, KY, 40049
NTEE Category
Code: E91 - Health
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