Overview
What is Stella Roman Foundation Inc?
Stella Roman Foundation Inc, located in New Orleans, Louisiana, is a nonprofit organization dedicated to supporting the Roman Catholic Church of the Archdiocese of New Orleans. Their primary mission involves funding and installing electronic bells or chimes in Roman Catholic institutions. Additionally, they extend their assistance to meet the secondary needs of the Archdiocese of New Orleans. By providing these resources, the foundation aims to contribute positively to the religious community in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (53%)
The Stella Roman Foundation Inc has received a One-Star rating from Charity Navigator, reflecting significant concerns in its accountability and finance practices. With an overall score of 53%, the organization is primarily evaluated based on its accountability metrics. The lack of independent board members and missing essential policies such as conflict of interest, whistleblower, and document retention policies contribute heavily to this low score.
Despite the weaknesses in governance, the foundation does show strengths in certain financial aspects, such as a low liabilities to assets ratio of 0.31% and a strong program expense ratio of 81.01%. This indicates that a substantial portion of its expenses is directed towards its programs, which is a positive aspect of its financial management. However, the absence of critical governance structures could pose risks to its operational integrity.
The rating highlights that while the foundation is effectively utilizing funds for its intended programs, it must address the deficiencies in its governance practices to improve transparency and accountability. Enhancing its board independence and establishing the missing policies would be essential steps toward better performance in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Stella Roman Foundation Inc legitimate?
Stella Roman Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stella Roman Foundation Inc 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: $10,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Stella Roman Foundation Inc?
The Stella Roman Foundation Inc's mission is centered around providing support to Roman Catholic institutions. Specifically, they aim to supply, install, and fund electronic bells or chimes within these religious establishments. Additionally, the foundation has a secondary objective of assisting in the needs of the Archdiocese of New Orleans. In essence, their mission is geared towards enhancing the auditory environment of Catholic institutions and offering auxiliary aid when required.
Who is the CEO of Stella Roman Foundation Inc?
John X Wegmann Iii is the Treasurer of Stella Roman Foundation Inc.
What is the revenue of Stella Roman Foundation Inc?
Stella Roman Foundation Inc's revenue in 2022 was $183,186.
Who are the executives of Stella Roman Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Stella Roman Foundation Inc?
Stella Roman Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stella Roman Foundation Inc
The Stella Roman Foundation Inc, as per its mission, is dedicated to providing electronic bells or chimes and funding their installation within Roman Catholic institutions. This commitment extends beyond the primary objective, as the foundation also endeavors to support the needs of these institutions that fall under the Archdiocese of New Orleans. In essence, the Stella Roman Foundation Inc serves as a benefactor, contributing to the enhancement of the auditory aspects of these Catholic institutions while simultaneously offering additional assistance when required.
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Impact
October, 2024
Stella Roman Foundation Inc significantly enhances the auditory landscape of Roman Catholic institutions in the Archdiocese of New Orleans by funding the installation of electronic bells and chimes. This initiative not only restores and enriches the traditional soundscape associated with these sacred spaces but also fosters a sense of community and connection among parish members and the wider public.
Moreover, the Foundation extends its support to address various needs within the Archdiocese, reinforcing its commitment to strengthening the institutional framework and services of the local Catholic community. Through its focused efforts, Stella Roman Foundation Inc contributes to the cultural and spiritual life of New Orleans, ensuring that the rich traditions of the Catholic faith resonate throughout the city.
This information is meant to be a general summary of Stella Roman Foundation Inc. 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: $183,186
- Gross Receipts: $183,186
Assets and Liabilities:
- Total Assets: $3,886,301
- Total Liabilities: $68,069
- Net Assets: $3,818,232
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Organization Details
Founding Year
1986
Phone
(504) 522-4756Principal Officer
John X Wegmann Iii
Main Address
201 SAINT CHARLES AVENUE 3920, NEW ORLEANS, LA, 70170
NTEE Category
Code: X22 - Religion related
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