Overview
What is Serra Trust Fund For Vocations?
Serra Trust Fund For Vocations is a nonprofit organization situated in Arvada, Colorado. Its primary mission is to promote religious vocations within the Archdiocese of Denver by offering financial assistance to individuals discerning or pursuing religious life. This assistance is granted in accordance with the organization's bylaws, providing aid to both men and women in their religious training within the Catholic Archdiocese of Denver. The fund's goal is to encourage and support these individuals in their spiritual journeys, fostering the growth of religious vocations within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Serra Trust Fund For Vocations has received a rating indicating that it needs improvement, with a score of 73%. The charity demonstrates strong accountability and finance management, achieving a perfect score in this category. Key strengths include having a fully independent board and an excellent liabilities to assets ratio, suggesting that the organization is financially stable and well-managed in terms of oversight.
However, the organization has significant limitations that affect its overall rating. Notably, there are several missing documents and policies, including a conflict of interest policy and a whistleblower policy. Additionally, the absence of its website link on tax forms and lack of posted tax forms on its website further detracts from its transparency and accountability.
Overall, while the Serra Trust Fund For Vocations shows solid financial management and governance, the lack of essential policies and public documentation may raise concerns for potential donors regarding its operational transparency. Addressing these shortcomings could enhance its credibility and improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Serra Trust Fund For Vocations legitimate?
Serra Trust Fund For Vocations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Serra Trust Fund For Vocations 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 Serra Trust Fund For Vocations?
The Serra Trust Fund For Vocations is dedicated to encouraging and fostering religious vocations. They achieve this by providing aid that aligns with their trust fund's bylaws. This aid is extended to both men and women who are in training for the Catholic Archdiocese of Denver, offering them financial assistance during their discernment or studies for religious life. The fund also affirms and supports the accomplishments of individuals in religious life through its financial assistance.
Who is the CEO of Serra Trust Fund For Vocations?
Gregory Breen is the Board Member of Serra Trust Fund For Vocations.
What is the revenue of Serra Trust Fund For Vocations?
Serra Trust Fund For Vocations's revenue in 2023 was $44,804.
Who are the executives of Serra Trust Fund For Vocations and what are their salaries?
There 20 volunteers at Serra Trust Fund For Vocations.
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Where can I find the form 990 for Serra Trust Fund For Vocations?
Serra Trust Fund For Vocations's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Serra Trust Fund For Vocations
The Serra Trust Fund for Vocations is an organization committed to encouraging and fostering religious vocations. They achieve this by providing aid that aligns with the bylaws of their trust fund. This assistance is extended to men and women undergoing training for the Catholic Archdiocese of Denver. The grants awarded by the Serra Trust Fund serve two primary purposes: firstly, they offer financial assistance to individuals who are discerning or are in the process of studying for religious life. Secondly, the grants affirm and support the accomplishments of these individuals in their religious journey. The Serra Trust Fund's mission is thus centered around nurturing and promoting religious vocations within the Archdiocese of Denver.
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Impact
October, 2024
The Serra Trust Fund for Vocations significantly impacts the formation and sustainment of religious vocations within the Catholic Archdiocese of Denver. By providing financial assistance to individuals discerning or actively studying for the religious life, the trust alleviates some of the economic burdens that often accompany theological education and training.
This support not only helps individuals cover tuition and other related costs but also affirms their commitment to a life dedicated to service, thereby fostering a nurturing environment for spiritual growth and development. Grants made to both individuals and religious organizations serve to enhance the overall vibrancy and commitment to religious life in the region.
As a result, the trust contributes to a sustained interest in and recruitment of new leaders within the church, ultimately enriching the faith community and ensuring that future generations have access to spiritual guidance and leadership. The commitment to encouraging and supporting religious vocations reflects a deep investment in the flourishing of the Catholic faith in Denver and beyond.
This information is meant to be a general summary of Serra Trust Fund For Vocations. 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: $38,829
- Gross Receipts: $44,804
Assets and Liabilities:
- Total Assets: $805,979
- Total Liabilities: $0
- Net Assets: $805,979
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Organization Details
Founding Year
1986
Phone
(303) 424-4008Principal Officer
Gregory Breen
Main Address
7282 QUEEN ST, Arvada, CO, 80005
NTEE Category
Code: X22 - Religion related
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