Overview
What is The Foundation Of The Roman Catholic Diocese Of Raleigh Inc?
The Foundation of the Roman Catholic Diocese of Raleigh Inc., situated in Raleigh, North Carolina, is a nonprofit organization dedicated to raising endowed and major gifts for the long-term benefit of the parishes, schools, programs, and ministries within the Catholic Diocese of Raleigh. The foundation's role includes managing and distributing these funds efficiently, ensuring the sustained growth and success of these vital initiatives. With a team of five dedicated individuals, the foundation plays a crucial role in supporting the spiritual and community endeavors of the Catholic Diocese of Raleigh.
Official website here: www.foundationdor.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
The Foundation of the Roman Catholic Diocese of Raleigh Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization boasts a high independent board member presence and excellent financial oversight, achieving full points in areas such as material diversion of assets and program expense ratio, indicating that the majority of its funds are directed towards its mission.
However, while the foundation demonstrates many strengths, it also has notable limitations. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about transparency and governance practices. Additionally, the lack of a posted tax form on its website could hinder stakeholder access to important financial information.
Overall, The Foundation of the Roman Catholic Diocese of Raleigh Inc shows a commendable level of financial responsibility and governance but needs to address its policy deficiencies to further enhance its accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation Of The Roman Catholic Diocese Of Raleigh Inc legitimate?
The Foundation Of The Roman Catholic Diocese Of Raleigh Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of The Roman Catholic Diocese Of Raleigh 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: $149,845
Professional Fundraising Fees: $0
Other Salaries and Wages: $216,647
For more financial information, click here
Official website here: www.foundationdor.org
What is the mission statement of The Foundation Of The Roman Catholic Diocese Of Raleigh Inc?
The Foundation of the Roman Catholic Diocese of Raleigh Inc was established to cultivate endowed and major gifts for the long-term benefit of the ministries within the Diocese of Raleigh. Its primary goal is to manage and distribute these investments effectively and efficiently. The organization's purpose is to support the parishes, schools, programs, and ministries within the Catholic Diocese of Raleigh, ensuring their continued growth and success. By doing so, it aims to contribute to the betterment of the religious community and the lives of its members.
Official website here: www.foundationdor.org
Who is the CEO of The Foundation Of The Roman Catholic Diocese Of Raleigh Inc?
Maureen O'Keeffe Lindgren is the Executive Director of The Foundation Of The Roman Catholic Diocese Of Raleigh Inc.
Official website here: www.foundationdor.org
What is the revenue of The Foundation Of The Roman Catholic Diocese Of Raleigh Inc?
The Foundation Of The Roman Catholic Diocese Of Raleigh Inc's revenue in 2023 was $3,058,479.
Official website here: www.foundationdor.org
Who are the executives of The Foundation Of The Roman Catholic Diocese Of Raleigh Inc and what are their salaries?
The average compensation at The Foundation Of The Roman Catholic Diocese Of Raleigh Inc during 2023 was $73,298. There are 5 employees and 7 volunteers at The Foundation Of The Roman Catholic Diocese Of Raleigh Inc.
Here are 8 key members and their salaries:
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- Compensation: $108,902
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- Other: $19,859
Official website here: www.foundationdor.org
Where can I find the form 990 for The Foundation Of The Roman Catholic Diocese Of Raleigh Inc?
The Foundation Of The Roman Catholic Diocese Of Raleigh Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foundationdor.org
Learn more at the official website: www.foundationdor.org
Mission Statement of The Foundation Of The Roman Catholic Diocese Of Raleigh Inc
The Foundation of the Roman Catholic Diocese of Raleigh Inc was established with a mission to cultivate endowed and major gifts for the long-term benefit of the ministries within the Diocese of Raleigh. This organization aims to provide effective and efficient management and distribution of invested funds, ensuring the sustainable growth and impact of various parishes, schools, programs, and ministries under the Catholic Diocese of Raleigh. By fostering these gifts, the foundation contributes to the long-term well-being and success of the Diocese's vital services, ultimately supporting the spiritual and communal needs of its community.
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Impact
July, 2024
The Foundation Of The Roman Catholic Diocese Of Raleigh Inc plays a vital role in cultivating endowed and major gifts for the long-term benefit of the ministries of the Diocese of Raleigh. By providing effective and efficient management and distribution of invested funds, the Foundation supports the various parishes, schools, programs, and ministries of the Catholic Diocese of Raleigh. Through its mission, the Foundation contributes to the sustainability and growth of religious activities and community services within the Diocese, ultimately impacting the spiritual and social well-being of individuals in the region.
This information is meant to be a general summary of The Foundation Of The Roman Catholic Diocese Of Raleigh 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: $1,063,996
- Gross Receipts: $6,490,211
Assets and Liabilities:
- Total Assets: $72,625,930
- Total Liabilities: $1,004,496
- Net Assets: $71,621,434
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Organization Details
Founding Year
2018
Phone
(919) 568-1065Principal Officer
Maureen O'Keeffe Lindgren
Main Address
4700 HOMEWOOD COURT 320, RALEIGH, NC, 27609
Website
www.foundationdor.orgNTEE Category
Code: X22 - Religion related
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