Overview
What is Esperanza Charitable Fund?
Esperanza Charitable Fund is a nonprofit organization based in Mesa, Arizona. Their primary mission is to provide financial aid to nonprofit entities through public donations, as stated in their description. This support is specifically directed towards benefiting the Church of Jesus Christ of Latter-Day Saints, as indicated by both the activity and mission descriptions. The organization operates by granting assistance, contributing to the welfare of the Church in a meaningful way.
Official website here: www.not applicable
What are the reviews and ratings of this charity?
Charity Navigator has rated Esperanza Charitable Fund with a score of 75%, which earns it a Three-Star out of Four Star rating. This score is derived solely from the Accountability & Finance beacon, indicating that the organization has a moderate level of transparency and financial health. A focus on accountability is evident as they excelled in areas such as having a majority of independent board members and maintaining a low liabilities-to-assets ratio.
The organization demonstrates strengths in several financial metrics, including a high program expense ratio and effective management of loans and liabilities. However, significant limitations are apparent in areas such as financial statement availability and the absence of essential policies, including conflict of interest and whistleblower protections. Additionally, the lack of independent board size impacts the overall governance assessment.
Overall, while Esperanza Charitable Fund shows a commitment to certain aspects of financial accountability, the gaps in governance practices and transparency could raise concerns for potential donors. Addressing these limitations may enhance their standing and effectiveness as a nonprofit in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is Esperanza Charitable Fund legitimate?
Esperanza Charitable Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Esperanza Charitable Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.not applicable
What is the mission statement of Esperanza Charitable Fund?
The Esperanza Charitable Fund is a philanthropic organization committed to extending support and benefits to the Church of Jesus Christ of Latter-Day Saints. They accomplish this objective by granting financial assistance to the Church, enabling it to carry out its humanitarian efforts effectively. Through public monetary donations, Esperanza Charitable Fund acts as a vital source of financial aid, enhancing the Church's ability to provide essential services and resources to those in need. Their mission is deeply rooted in the belief of fostering the betterment of the community, ultimately serving the greater good.
Official website here: www.not applicable
Who is the CEO of Esperanza Charitable Fund?
Carrie Thompson is the Trustee, Managing of Esperanza Charitable Fund.
Official website here: www.not applicable
What is the revenue of Esperanza Charitable Fund?
Esperanza Charitable Fund's revenue in 2022 was $17,097,893.
Official website here: www.not applicable
Who are the executives of Esperanza Charitable Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.not applicable
Where can I find the form 990 for Esperanza Charitable Fund?
Esperanza Charitable Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.not applicable
Learn more at the official website: www.not applicable
Mission Statement of Esperanza Charitable Fund
Esperanza Charitable Fund, a philanthropic organization, is dedicated to extending a helping hand to the Church of Jesus Christ of Latter-Day Saints. By providing grants for assistance, this charitable entity aims to make a difference in the lives of those connected to the Church.
The Esperanza Charitable Fund serves as a vital source of financial support for various nonprofit organizations associated with the Church of Jesus Christ of Latter-Day Saints. Through public monetary donations, this fund plays a pivotal role in enhancing the capacity of these organizations to carry out their mission and serve their communities more effectively. By providing grants, the Esperanza Charitable Fund is able to amplify its impact and create long-lasting change.
In essence, the Esperanza Charitable Fund functions as a catalyst for positive transformation within the Church and the communities it serves. Its grant-making activities enable the Church's nonprofit organizations to address the needs of their constituents more comprehensively and to a greater extent. In doing so, the Esperanza Charitable Fund contributes to the overall well-being and growth of the Church and the people it reaches.
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Impact
October, 2024
Esperanza Charitable Fund has made a significant impact by providing financial support to organizations affiliated with the Church of Jesus Christ of Latter-day Saints. By offering grants for assistance, it directly aids community members in need, enhancing their well-being and fostering a spirit of generosity and service. The fund enables various initiatives that align with its mission, ensuring that resources are directed toward meaningful projects that benefit both individuals and the broader community in Mesa, AZ. Through public monetary donations, Esperanza Charitable Fund continues to empower organizations, elevating the overall quality of life for those they serve and reinforcing communal ties through shared values and support.
This information is meant to be a general summary of Esperanza Charitable Fund. 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: $2,093,193
- Gross Receipts: $18,034,327
Assets and Liabilities:
- Total Assets: $32,515,852
- Total Liabilities: $0
- Net Assets: $32,515,852
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Organization Details
Founding Year
2002
Phone
(480) 892-7104Principal Officer
Carrie Thompson
Main Address
3850 E BASELINE RD 114, MESA, AZ, 85206
Website
www.not applicableNTEE Category
Code: X21 - Religion related
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