Overview
What is The Catholic Foundation Of Southeastern Massachusetts Inc?
The Catholic Foundation of Southeastern Massachusetts Inc is a nonprofit organization situated in Fall River, Massachusetts, specifically at 450 Highland Avenue. Its primary objective is to promote and strengthen the Catholic community and parishes within the Diocese of Fall River. To achieve this, the foundation supports various religious, charitable, and educational institutions and their ministries within the diocese. Furthermore, it ensures proper management of the assets and resources of the foundation and the diocesan institutions. The Catholic Foundation's role extends to addressing the current and future needs of the diocese and its institutions, all within the geographical boundaries of the Diocese of Fall River.
Official website here: www.catholicfoundationsema.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating) from Charity Navigator.
The Catholic Foundation of Southeastern Massachusetts Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The rating is based entirely on the charity's performance in the Accountability & Finance category, where it scored 97%. This indicates that the organization adheres to best practices in financial management and transparency, ensuring that funds are used effectively for their intended purposes.
Key strengths of the organization include a fully independent board of directors and strong financial oversight mechanisms. They maintain a high program expense ratio of 82.82%, indicating that a significant portion of their funds directly supports their programs. Additionally, their fundraising efficiency is commendable, with only $0.04 spent to raise each dollar, suggesting effective fundraising strategies that maximize donor contributions.
There are no notable limitations mentioned in the data, reinforcing the positive assessment of the organization's practices. Overall, The Catholic Foundation of Southeastern Massachusetts Inc stands out as a well-managed nonprofit committed to serving its mission responsibly and transparently.
This AI summary has been generated from information found on Charity Navigator.
Is The Catholic Foundation Of Southeastern Massachusetts Inc legitimate?
The Catholic Foundation Of Southeastern Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Catholic Foundation Of Southeastern Massachusetts 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.catholicfoundationsema.org
What is the mission statement of The Catholic Foundation Of Southeastern Massachusetts Inc?
The Catholic Foundation of Southeastern Massachusetts Inc's mission is centered around supporting the religious, charitable, and educational institutions and their ministries within the Diocese of Fall River. The foundation aims to manage its assets and resources effectively, ensuring their proper utilization for the current and future needs of the diocese and its institutions. The primary goal is to contribute to the work of these institutions within the geographical boundaries of the Diocese of Fall River.
Official website here: www.catholicfoundationsema.org
Who is the CEO of The Catholic Foundation Of Southeastern Massachusetts Inc?
Nicholas M Christ is the Treasurer of The Catholic Foundation Of Southeastern Massachusetts Inc. The CEO's salary of The Catholic Foundation Of Southeastern Massachusetts Inc is $0 and their total compensation is $0.
Official website here: www.catholicfoundationsema.org
What is the revenue of The Catholic Foundation Of Southeastern Massachusetts Inc?
The Catholic Foundation Of Southeastern Massachusetts Inc's revenue in 2023 was $2,805,512.
Official website here: www.catholicfoundationsema.org
Who are the executives of The Catholic Foundation Of Southeastern Massachusetts Inc and what are their salaries?
There 25 volunteers at The Catholic Foundation Of Southeastern Massachusetts Inc.
Here are 10 key members and their salaries (The Catholic Foundation Of Southeastern Massachusetts Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.catholicfoundationsema.org
Where can I find the form 990 for The Catholic Foundation Of Southeastern Massachusetts Inc?
The Catholic Foundation Of Southeastern Massachusetts Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.catholicfoundationsema.org
Learn more at the official website: www.catholicfoundationsema.org
Mission Statement of The Catholic Foundation Of Southeastern Massachusetts Inc
The Catholic Foundation of Southeastern Massachusetts Inc is committed to supporting the religious, charitable, and educational institutions and their ministries within the Diocese of Fall River. Its mission extends beyond just providing financial support. The foundation aims to manage the assets and resources of these institutions effectively, ensuring their current and future needs are met. By doing so, it contributes to the well-being of the Diocese and the institutions within its boundaries. In essence, The Catholic Foundation of Southeastern Massachusetts Inc serves as a pillar of strength, helping these institutions fulfill their missions and provide essential services to their communities.
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Impact
July, 2024
The Catholic Foundation Of Southeastern Massachusetts Inc's impact is significant in supporting the work of Catholic religious, charitable, and educational institutions and their ministries within the Diocese of Fall River. The foundation plays a crucial role in advancing the mission of the diocese and strengthening the community and parishes. It assists in securing the financial resources needed for rebuilding faith and hope in the region. By providing proper management of assets and resources, the foundation ensures the current and future needs of the diocese and diocesan institutions within the geographic boundaries of the Diocese of Fall River are met.
This information is meant to be a general summary of The Catholic Foundation Of Southeastern Massachusetts 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 2023.
- Investment Income: -$13,141
- Program Service Revenue: $727,456
- Gross Receipts: $3,594,015
Assets and Liabilities:
- Total Assets: $3,342,683
- Total Liabilities: $362,095
- Net Assets: $2,980,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROFESSIONAL SERVICES
Revenue
$727,456
Organization Details
Founding Year
2018
Phone
(508) 985-6705Principal Officer
Nicholas M Christ
Main Address
450 HIGHLAND AVENUE, FALL RIVER, MA, 02720
NTEE Category
Code: X22 - Religion related
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