Overview
What is La Promesa Foundation?
La Promesa Foundation is a non-profit, Catholic organization situated without specified location details provided in the information. Their primary objective is to promote Catholic programs. They accomplish this mission through two significant initiatives: the Guadalupe Resource Center and the Guadalupe Radio Network. The Guadalupe Resource Center functions as a substantial, bilingual library, stocked with resources that support and disseminate the fundamental principles of the Catholic faith. Meanwhile, the Guadalupe Radio Network broadcasts Catholic programming, further extending the reach of their mission. In summary, La Promesa Foundation leverages its Guadalupe Resource Center and Radio Network to spread Catholic teachings and promote related programs, catering to a bilingual audience.
Official website here: www.grnonline.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 77%, Three-Star out of Four Star rating.
La Promesa Foundation has achieved a score of 77%, indicating a solid level of accountability and finance management. The rating is based entirely on its accountability and finance practices, reflecting a commitment to maintaining transparency and effective financial stewardship.
Strengths of the organization include a fully independent board, with all members being independent, and a strong performance in financial metrics such as a 100% program expense ratio and a low liabilities to assets ratio. These factors demonstrate the foundation's dedication to using resources effectively for its mission without significant financial liabilities.
While the foundation shows strong accountability and finance practices, the single beacon score suggests that there may be limited information available regarding other aspects of its operations. Thus, it would be beneficial for potential donors to seek additional insights into the organization's programs and impact to get a fuller picture of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is La Promesa Foundation legitimate?
La Promesa Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Promesa 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: $840,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,012,407
For more financial information, click here
Official website here: www.grnonline.com
What is the mission statement of La Promesa Foundation?
The La Promesa Foundation, being a non-profit Catholic organization, is committed to promoting Catholic programs. This mission is carried out through the Guadalupe Resource Center, which houses a substantial bilingual library aimed at disseminating materials that uphold the Catholic faith's principles. Additionally, the Guadalupe Radio Network is another initiative of the foundation, providing Catholic programming. The overall goal is to spread the teachings and values of Catholicism.
Official website here: www.grnonline.com
Who is the CEO of La Promesa Foundation?
Sammy Rodriquez Jr is the Dir Of Development of La Promesa Foundation. The CEO's salary of La Promesa Foundation is $110,400 and their total compensation is $110,400.
Official website here: www.grnonline.com
What is the revenue of La Promesa Foundation?
La Promesa Foundation's revenue in 2022 was $5,314,206.
Official website here: www.grnonline.com
Who are the executives of La Promesa Foundation and what are their salaries?
The average compensation at La Promesa Foundation during 2022 was $63,893. There are 29 employees at La Promesa Foundation.
Here are 13 key members and their salaries (La Promesa Foundation's CEO's salary is $110,400 and their total compensation is $110,400):
- Compensation: $114,221
- Related: $0
- Other: $0
- Compensation: $111,838
- Related: $0
- Other: $0
- Compensation: $110,400
- Related: $0
- Other: $0
- Compensation: $109,263
- Related: $0
- Other: $0
- Compensation: $106,280
- Related: $0
- Other: $0
- Compensation: $105,416
- Related: $0
- Other: $0
- Compensation: $104,615
- Related: $0
- Other: $0
- Compensation: $78,459
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.grnonline.com
Where can I find the form 990 for La Promesa Foundation?
La Promesa Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grnonline.com
Learn more at the official website: www.grnonline.com
Mission Statement of La Promesa Foundation
La Promesa Foundation, a non-profit Catholic organization, is committed to promoting Catholic programs. Central to its mission is the Guadalupe Resource Center, a hub that houses a vast, bilingual library filled with materials designed to uphold the teachings of the Catholic faith. The Foundation extends its reach beyond the physical realm through the Guadalupe Radio Network, broadcasting Catholic programming to a wider audience. By operating these two platforms, La Promesa Foundation strives to reinforce and spread the Catholic faith's tenets.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
La Promesa Foundation's impact is significant in promoting Catholic programs through its Guadalupe Resource Center and Guadalupe Radio Network. These platforms provide a large bilingual library of materials and Catholic programming to enrich and promote the truths of the Catholic faith. The Foundation's work in Midland, TX, plays a crucial role in fostering religious education and connection within the community.
This information is meant to be a general summary of La Promesa 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: $253,878
- Program Service Revenue: $53,084
- Gross Receipts: $5,423,629
Assets and Liabilities:
- Total Assets: $6,532,260
- Total Liabilities: $111,015
- Net Assets: $6,421,245
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME
Revenue
$42,216
MINERAL INTEREST
Revenue
$10,868
Organization Details
Founding Year
1996
Phone
(432) 682-5476Principal Officer
Sammy Rodriquez Jr
Main Address
PO BOX 10571, MIDLAND, TX, 79702
Website
www.grnonline.comNTEE Category
Code: X21 - Religion related
If you are a representative of La Promesa Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.