Overview
What is Frances Paul Charitable Trust Irr?
The Frances Paul Charitable Trust Irr is a nonprofit organization, headquartered in Cincinnati, Ohio. Its primary focus is to provide financial assistance to Our Lady of Sorrows RC Church in Monroe, Ohio, as per its governing documents. This support is intended to cover debts or expenses related to existing buildings or other necessary expenses. Furthermore, the trust is involved in carrying out charitable and missionary work within the parish, contributing to its overall welfare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 42% (Zero-Star out of Four Star rating)
The Frances Paul Charitable Trust Irr has received a low score of 42% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The charity has no independent board members, which raises questions about governance and oversight, and it lacks essential policies such as a conflict of interest policy and a whistleblower policy.
While the organization has a good Liabilities to Assets Ratio of 0.00% and a program expense ratio of 61.12%, the absence of transparency initiatives like a website and proper document retention policies detracts from its overall credibility. Furthermore, the charity has not posted its tax form on its website, further impacting its transparency score.
The lack of independent oversight and missing policies suggest that potential donors may want to exercise caution before contributing to this charity. Overall, while there are some positive financial indicators, the weaknesses in governance and transparency are significant and warrant consideration.
This AI summary has been generated from information found on Charity Navigator.
Is Frances Paul Charitable Trust Irr legitimate?
Frances Paul Charitable Trust Irr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frances Paul Charitable Trust Irr 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: $18,737
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Frances Paul Charitable Trust Irr?
The Frances Paul Charitable Trust's mission is centered around providing support for charitable and missionary work. Specifically, it aims to assist a Roman Catholic church, Our Lady of Sorrows in Monroe, Ohio, in managing debts or expenses related to existing buildings or other causes. The trust's activities also involve conducting charitable work in line with the parish's objectives. In essence, it serves to aid the church financially and contribute to its charitable endeavors.
Who is the CEO of Frances Paul Charitable Trust Irr?
Archbishop Of Cincinnati is the Trustee of Frances Paul Charitable Trust Irr.
What is the revenue of Frances Paul Charitable Trust Irr?
Frances Paul Charitable Trust Irr's revenue in 2023 was $45,870.
Who are the executives of Frances Paul Charitable Trust Irr and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $18,737
- Related: $0
- Other: $0
Where can I find the form 990 for Frances Paul Charitable Trust Irr?
Frances Paul Charitable Trust Irr's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Frances Paul Charitable Trust Irr
The Frances Paul Charitable Trust Irr is committed to providing support for Our Lady of Sorrows RC Church in Monroe, Ohio. This support is aimed at managing the debts or expenses associated with the church's existing buildings or other related costs. Additionally, the Trust is involved in conducting charitable and missionary work within the parish. The Trust's activities are guided by the directives outlined in its governing document.
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Impact
October, 2024
Frances Paul Charitable Trust Irr significantly impacts Our Lady of Sorrows RC Church in Monroe, Ohio, by providing financial support to address its debts and expenses, whether related to existing buildings or other necessary needs. This assistance enables the parish to continue its charitable and missionary work, fostering a sense of community and spiritual development among congregants. By directly supporting the church’s operational costs, the trust helps ensure that the parish can maintain its facilities and programs, allowing it to serve its community effectively. The trust’s contributions play a vital role in sustaining the church's mission and supporting its outreach efforts, ultimately enriching the lives of many within the local community.
This information is meant to be a general summary of Frances Paul Charitable Trust Irr. 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: $45,870
- Gross Receipts: $530,122
Assets and Liabilities:
- Total Assets: $1,982,283
- Total Liabilities: $0
- Net Assets: $1,982,283
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Organization Details
Phone
(513) 867-5217Principal Officer
Archbishop Of Cincinnati
Main Address
PO BOX 630858, CINCINNATI, OH, 452630858
NTEE Category
Code: X22 - Religion related
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