Overview
What is Viva Francis Foundation?
The Viva Francis Foundation, located in Arroyo Grande, California, is a nonprofit organization dedicated to supporting the Conventual Franciscan Friars. Their primary mission is to address the long-term financial needs of these friars, ensuring they have adequate housing, financial aid, and retirement funds. The foundation also prioritizes the educational needs of new, unorganized friars joining the Conventual Order, providing the necessary funding for their education. The foundation operates from a post office box, with a commitment to aiding and supporting the Conventual Franciscan Friars throughout their lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
The Viva Francis Foundation has received a disappointing score of 40%, resulting in a Zero-Star out of Four Star rating. This score reflects significant concerns regarding the organization's financial accountability and transparency. While the foundation boasts a fully independent board and has no material diversion of assets, it lacks critical policies such as a whistleblower policy and document retention guidelines, leading to serious governance questions.
Strengths of the organization include a completely independent board with five members and no signs of asset diversion, which demonstrates a commitment to ethical management. However, the foundation's financial practices are notably weak, with a program expense ratio of only 43.89%, indicating that a substantial portion of its funds may not be directed toward its mission-related activities.
Overall, while the Viva Francis Foundation has some governance strengths, the glaring deficiencies in policies and financial management significantly hinder its overall effectiveness. Potential donors should consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Viva Francis Foundation legitimate?
Viva Francis Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Viva Francis 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.
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What is the mission statement of Viva Francis Foundation?
The Viva Francis Foundation's mission is centered around providing for the long-term financial needs of the Conventual Franciscan Friars. This includes offering housing, financial aid, and retirement funds to those in need and retired friars. Furthermore, the foundation supports the educational needs of new, unorganized friars joining the Conventual Order. In essence, the Viva Francis Foundation aims to ensure the financial stability and well-being of the Conventual Franciscan Friars throughout their lives.
Who is the CEO of Viva Francis Foundation?
Michael Molina is the President of Viva Francis Foundation.
What is the revenue of Viva Francis Foundation?
Viva Francis Foundation's revenue in 2022 was $80,138.
Who are the executives of Viva Francis Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Viva Francis Foundation?
Viva Francis Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Viva Francis Foundation
The Viva Francis Foundation is dedicated to supporting the long-term financial needs of the Conventual Franciscan Friars. This nonprofit organization aims to provide housing, financial aid, and retirement funds for the needy and retired friars within its community. Furthermore, the Viva Francis Foundation also funds the educational needs of new, unorganized friars joining the Conventual Order. By doing so, the foundation ensures the continuity and well-being of the Conventual Franciscan Friars, providing them with the necessary resources to maintain a comfortable and fulfilling life.
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Impact
August, 2024
The Viva Francis Foundation impacts the lives of Conventual Franciscan Friars by providing essential support for their long-term financial needs. This includes offering housing, financial aid, and retirement funds for needy and retired friars. Additionally, the foundation funds educational needs for new friars joining the Conventual Order. Through these efforts, the foundation ensures that Conventual Franciscan Friars can continue their important work with the necessary resources and support.
This information is meant to be a general summary of Viva Francis 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: $64,817
- Program Service Revenue: $14
- Gross Receipts: $252,412
Assets and Liabilities:
- Total Assets: $2,576,558
- Total Liabilities: $0
- Net Assets: $2,576,558
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Misc revenue
Revenue
$14
Organization Details
Founding Year
2003
Principal Officer
Michael Molina
Main Address
PO Box 518, Arroyo Grande, CA, 934210518
NTEE Category
Code: X12 - Religion related
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