Overview
What is The Catholic Foundation No Colorado?
The Catholic Foundation No Colorado is a nonprofit organization based in Greenwood Village, Colorado. With a team of ten dedicated individuals, their mission is to support Catholic schools in Northern Colorado by awarding grants. These grants benefit scholarship programs, provide tuition assistance, enable schools to offer fair wages to their teachers, and address capital needs. The Foundation's work aligns with Jesus Christ's call to promote the Church's mission in the region, encourage financial stewardship, and cooperate with parishes and other Catholic organizations to generate additional resources and assistance.
Official website here: www.thecatholicfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Catholic Foundation of Northern Colorado has earned an impressive Four-Star rating from Charity Navigator, demonstrating a high level of accountability and financial health. This rating reflects the organization's commitment to transparency and effective management, as evidenced by its perfect score in several key areas, including an independent board comprising entirely of independent members and strong oversight with a solid audit committee.
Financially, the organization showcases robust metrics, such as a program expense ratio of 86.88%, indicating that a significant portion of its expenses goes directly to its programs rather than administration or fundraising. Additionally, the foundation exhibits remarkable fundraising efficiency, achieving $0.01 in costs for fundraising per dollar raised, which underscores its effective use of donor contributions. The foundation also maintains a healthy working capital ratio of 11.11 years, signaling financial stability and sustainability.
Limitations were not highlighted in the data, which emphasizes the foundation's strong governance and financial practices. Overall, The Catholic Foundation of Northern Colorado is well-regarded for its integrity and dedicated service to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Catholic Foundation No Colorado legitimate?
The Catholic Foundation No Colorado is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Catholic Foundation No Colorado 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: $435,052
Professional Fundraising Fees: $0
Other Salaries and Wages: $574,080
For more financial information, click here
Official website here: www.thecatholicfoundation.com
What is the mission statement of The Catholic Foundation No Colorado?
The Catholic Foundation in Northern Colorado is driven by its calling from Jesus Christ to support the mission of the Church. It aims to encourage financial stewardship, faithfully manage and distribute funds, and collaborate with parishes and Catholic organizations to expand resources and aid.
The foundation's commitment to education is exemplified through its grants to Catholic schools in Northern Colorado. These grants benefit scholarship programs, provide tuition assistance, enable schools to offer just wages to their teachers, and address capital needs.
By promoting the Church's mission and fostering financial stewardship, the Catholic Foundation strengthens parishes and Catholic organizations, ensuring they can continue their vital work. Through its efforts, the foundation ultimately contributes to the spiritual growth and well-being of the community.
Official website here: www.thecatholicfoundation.com
Who is the CEO of The Catholic Foundation No Colorado?
Steven Stemper is the President & Ceo of The Catholic Foundation No Colorado. The CEO's salary of The Catholic Foundation No Colorado is $228,484 and their total compensation is $266,349.
Official website here: www.thecatholicfoundation.com
What is the revenue of The Catholic Foundation No Colorado?
The Catholic Foundation No Colorado's revenue in 2022 was $15,412,127.
Official website here: www.thecatholicfoundation.com
Who are the executives of The Catholic Foundation No Colorado and what are their salaries?
The average compensation at The Catholic Foundation No Colorado during 2022 was $100,913. There are 10 employees and 19 volunteers at The Catholic Foundation No Colorado.
Here are 22 key members and their salaries (The Catholic Foundation No Colorado's CEO's salary is $228,484 and their total compensation is $266,349):
- Compensation: $228,484
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- Other: $37,865
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- Other: $47,147
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Official website here: www.thecatholicfoundation.com
Where can I find the form 990 for The Catholic Foundation No Colorado?
The Catholic Foundation No Colorado's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecatholicfoundation.com
Learn more at the official website: www.thecatholicfoundation.com
Mission Statement of The Catholic Foundation No Colorado
The Catholic Foundation No Colorado, a faith-based organization, is called by Jesus Christ to promote the mission of the Church in Northern Colorado. It encourages charitable giving and planning, spreading the gospel, teaching children, preparing priests, caring for the poor, and strengthening parishes. The Foundation's mission is to foster financial stewardship, faithfully steward and distribute funds entrusted to it, and cooperate with parishes and Catholic organizations to develop additional resources and support.
In practical terms, The Catholic Foundation No Colorado is deeply committed to teaching children. It awards grants to Catholic schools across Northern Colorado, benefiting scholarship programs, providing tuition assistance, and enabling schools to offer a just wage to their teachers. Moreover, the Foundation supports capital needs, ensuring the schools can maintain their infrastructure and continue to serve their communities effectively. Through these initiatives, The Catholic Foundation No Colorado plays a vital role in the education and wellbeing of children in the region.
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Impact
October, 2024
The Catholic Foundation of Northern Colorado plays a vital role in enhancing the educational and spiritual landscape of the region. By inspiring charitable giving, it supports a myriad of initiatives that promote the teachings of the Gospel and foster community engagement.
A key impact of the Foundation is its commitment to Catholic education. It awards grants to schools across Northern Colorado, which directly benefit scholarship programs and tuition assistance. This support is crucial for families seeking quality education rooted in Catholic values, enabling access to learning environments that nurture both academic and spiritual growth. Additionally, the Foundation ensures that schools can offer competitive wages to their teachers and address essential capital needs, thereby enhancing the overall quality of education.
The Foundation also plays a significant role in strengthening parishes by encouraging financial stewardship within the community. It collaborates with various parishes and Catholic organizations to develop resources that support the mission of the Church, ensuring that vital community services can continue.
Through its various programs and partnerships, The Catholic Foundation of Northern Colorado is not only caring for the poor but also preparing future leaders and faithfully supporting the Church's mission in the region. Its efforts create a lasting impact that resonates through the lives of individuals, families, and communities, fostering a strong, faith-based foundation for generations to come.
This information is meant to be a general summary of The Catholic Foundation No Colorado. 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: $1,158,809
- Gross Receipts: $67,332,853
Assets and Liabilities:
- Total Assets: $159,411,958
- Total Liabilities: $35,079,861
- Net Assets: $124,332,097
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Organization Details
Founding Year
1998
Phone
(303) 468-9885Principal Officer
Steven Stemper
Main Address
6160 S Syracuse Way 111, Greenwood Village, CO, 80111
NTEE Category
Code: X120 - Religion related
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