Overview
What is The Forrest & Lena Johnson Memorial Foundation?
The Forrest & Lena Johnson Memorial Foundation is a nonprofit organization dedicated to supporting Catholic education. They achieve this mission by engaging in religious fundraising activities and distributing the collected funds accordingly. This foundation plays a significant role in contributing financially to the Catholic educational sector, thereby making education more accessible and affordable for many.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star Rating)
The Forrest & Lena Johnson Memorial Foundation has achieved a 73% rating from Charity Navigator, reflecting a focus on accountability and finance. This rating indicates a moderate level of operational effectiveness, primarily assessed through financial metrics. It is noteworthy that the foundation scored perfectly on several key accountability indicators, including having a fully independent board and no material diversion of assets.
Strengths of the organization include its score of 100% for having a majority of independent board members, demonstrating a commitment to governance and transparency. The foundation also maintains a strong program expense ratio of nearly 88%, suggesting that a significant portion of its funding is directed towards its mission-related activities. These factors contribute to a solid standing in terms of financial health and board oversight.
However, while the foundation shows strengths in governance and financial management, the overall rating of two stars indicates room for improvement in areas that could enhance its effectiveness and impact. Future evaluations may benefit from broader metrics encompassing additional beacons to provide a more comprehensive view of the organization's performance.
This AI summary has been generated from information found on Charity Navigator.
Is The Forrest & Lena Johnson Memorial Foundation legitimate?
The Forrest & Lena Johnson Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Forrest & Lena Johnson Memorial 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: $4,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Forrest & Lena Johnson Memorial Foundation?
The Forrest & Lena Johnson Memorial Foundation is committed to offering financial aid for Catholic education. They accomplish this goal through religious fundraising events and the distribution of funds. The foundation's primary objective is to contribute to the financial needs of Catholic educational institutions, thereby ensuring access to quality education for many. Their activities focus on raising funds and subsequently distributing them to support Catholic education, thereby promoting religious education and making it more accessible.
Who is the CEO of The Forrest & Lena Johnson Memorial Foundation?
Dr Munson Hinman is the Director of The Forrest & Lena Johnson Memorial Foundation.
What is the revenue of The Forrest & Lena Johnson Memorial Foundation?
The Forrest & Lena Johnson Memorial Foundation's revenue in 2022 was $129,845.
Who are the executives of The Forrest & Lena Johnson Memorial Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
Where can I find the form 990 for The Forrest & Lena Johnson Memorial Foundation?
The Forrest & Lena Johnson Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Forrest & Lena Johnson Memorial Foundation
The Forrest & Lena Johnson Memorial Foundation is dedicated to supporting Catholic education financially. This nonprofit organization achieves this mission through the strategic execution of religion-based fundraising activities and the subsequent distribution of those funds. By engaging in these initiatives, The Forrest & Lena Johnson Memorial Foundation plays a crucial role in upholding the importance of Catholic education.
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Impact
October, 2024
The Forrest & Lena Johnson Memorial Foundation significantly impacts Catholic education by providing crucial financial support. Through targeted fundraising efforts and effective fund distribution, the foundation enhances access to religious education for students in Pascagoula, MS, and surrounding areas. By alleviating financial burdens, it empowers families to choose Catholic education, fostering an environment where religious values and academic excellence can thrive. The foundation's commitment to sustaining and promoting Catholic educational opportunities shapes the community's future, ensuring that values-driven education remains accessible to those who seek it.
This information is meant to be a general summary of The Forrest & Lena Johnson Memorial 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: $129,845
- Gross Receipts: $187,202
Assets and Liabilities:
- Total Assets: $1,025,908
- Total Liabilities: $0
- Net Assets: $1,025,908
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Organization Details
Founding Year
2000
Phone
(228) 627-8085Principal Officer
Dr Munson Hinman
Main Address
CO DR HINMAN 3215 MARKET STREET, PASCAGOULA, MS, 39567
NTEE Category
Code: X12 - Religion related
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