Overview
What is Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust?
The Benjamin Franklin Lovejoy and Claire A Lovejoy Foundation Trust is a nonprofit organization based in El Paso, Texas. Its primary mission is to support Saint Patrick Cathedral, a Roman Catholic church located in the same city. The foundation aids Saint Patrick Cathedral in carrying out its religious, charitable, and educational programs, contributing to the overall well-being of the community. The foundation's support is not limited to financial aid but also extends to its mission in various capacities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
The Benjamin Franklin Lovejoy and Claire A Lovejoy Foundation Trust has received a Two-Star rating from Charity Navigator, indicating an average level of performance in terms of accountability and finance. The organization's Accountability & Finance Score is 68, reflecting solid governance practices, including a completely independent board of directors and no material diversion of assets.
However, there are notable areas of concern that contribute to the rating. The charity has not established several key policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Additionally, the absence of meeting minutes and failure to post required documents on its website signifies a lack of transparency.
On a positive note, the foundation demonstrates a strong financial position with a liabilities to assets ratio of 0.00% and a program expense ratio of 68.76%, indicating that the majority of its expenses are directed towards its programs. Overall, while the foundation shows strengths in some governance areas, improvements in transparency and policy implementation are essential for enhancing its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust legitimate?
Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust 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: $23,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust?
The Benjamin Franklin Lovejoy and Claire A Lovejoy Foundation Trust's mission is centered around supporting the religious, charitable, and educational programs of a specific institution. More specifically, they aim to assist in the execution of these initiatives by Saint Patrick Cathedral, without specifying the location of the cathedral. The foundation's objective is to contribute to the religious, philanthropic, and educational endeavors carried out by this Roman Catholic church, thereby supporting its overall mission.
Who is the CEO of Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust?
Weststar Bank is the Principal Officer of Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust.
What is the revenue of Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust?
Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust's revenue in 2022 was $20,387.
Who are the executives of Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust and what are their salaries?
Here are 7 key members and their salaries:
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- Compensation: $23,680
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Where can I find the form 990 for Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust?
Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust
The Benjamin Franklin Lovejoy and Claire A Lovejoy Foundation Trust is dedicated to supporting the religious, charitable, and educational initiatives of Saint Patrick Cathedral. This foundation plays a significant role in enabling Saint Patrick Cathedral, a Roman Catholic church, to carry out its religious, charitable, and educational programs effectively. By extending its support, the Benjamin Franklin Lovejoy and Claire A Lovejoy Foundation Trust contributes to the overall mission and operations of Saint Patrick Cathedral, thereby contributing to the broader community in a meaningful way.
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Impact
August, 2024
The Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust has had a significant impact on supporting the religious, charitable, and educational programs of Saint Patrick Cathedral in El Paso, Texas. Through its mission to assist the cathedral in fulfilling its mission, the foundation trust has contributed to the community by promoting religious activities, providing charitable assistance, and enhancing educational initiatives. Their focus on supporting the programs of a Roman Catholic church reflects a commitment to the spiritual, social, and educational well-being of the local community.
This information is meant to be a general summary of Benjamin Franklin Lovejoy And Claire A Lovejoy Foundation Trust. 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: $20,387
- Gross Receipts: $958,823
Assets and Liabilities:
- Total Assets: $2,045,449
- Total Liabilities: $0
- Net Assets: $2,045,449
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Organization Details
Founding Year
1992
Phone
(915) 747-1675Principal Officer
Weststar Bank
Main Address
CO WESTSTAR BANK PO BOX 99102, EL PASO, TX, 79999
NTEE Category
Code: X22I - Religion related
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