Overview
What is Theresian Foundation Inc?
The Theresian Foundation Inc, located in Elburn, Illinois, serves as a management and investment entity for donated funds. Its primary mission is to support Theresians International, a global organization, by distributing grants. Theresians International, in turn, establishes small communities worldwide, fostering spiritual and educational growth among women. This is the sole purpose of both the foundation and its supported organization.
Official website here: www.theresians.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Theresian Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This score indicates a strong emphasis on accountability and finance, which is assessed solely through a detailed beacon score. The foundation demonstrates solid governance, with a fully independent board, a high level of program expenses, and no material diversion of assets, showcasing a commitment to responsible financial management.
While the foundation excels in many areas, there are notable gaps in its governance policies, specifically the absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy. These deficiencies have impacted its overall rating, as these policies are vital for ensuring transparency and accountability within the organization.
Despite these limitations, the organization’s financial health appears robust, evidenced by zero liabilities and a program expense ratio of 100%. Overall, the Theresian Foundation Inc shows great potential, but addressing its governance policy shortcomings could enhance its standing and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Theresian Foundation Inc legitimate?
Theresian Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theresian Foundation 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.
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Official website here: www.theresians.org
What is the mission statement of Theresian Foundation Inc?
The Theresian Foundation's primary role involves managing and investing donations and funds raised. Their primary mission is to distribute these funds to their supported organization, Theresians International. Theresians International, in turn, focuses on establishing small communities worldwide, providing a platform for women to enhance their spiritual and educational growth. This is the sole mission of both the Theresian Foundation and Theresians International.
Official website here: www.theresians.org
What is the revenue of Theresian Foundation Inc?
Theresian Foundation Inc's revenue in 2023 was $28,407.
Official website here: www.theresians.org
Who are the executives of Theresian Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.theresians.org
Where can I find the form 990 for Theresian Foundation Inc?
Theresian Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theresians.org
Learn more at the official website: www.theresians.org
Mission Statement of Theresian Foundation Inc
The Theresian Foundation, a nonprofit organization, is dedicated to managing and investing donations and funds raised. Its primary mission is to distribute these funds to Theresians International, its supported organization. Theresians International, in turn, establishes small communities worldwide with the purpose of aiding women in their spiritual and educational growth. These communities serve as platforms for women to expand their horizons, fostering both personal development and learning. The Theresian Foundation's mission is centered around empowering women globally through such spiritual and educational opportunities, provided by Theresians International.
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Impact
August, 2024
Theresian Foundation Inc's impact can be seen in the support provided to Theresians International, which establishes small communities worldwide for women to further their spiritual and educational development. Through managing and investing donations and funds raised, the Foundation is able to distribute grants to Theresians International, enabling the organization to fulfill its mission of empowering women globally. This targeted support emphasizes the Foundation's commitment to fostering spiritual and educational growth within communities of women.
This information is meant to be a general summary of Theresian Foundation 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: $21,073
- Gross Receipts: $28,407
Assets and Liabilities:
- Total Assets: $839,648
- Total Liabilities: $0
- Net Assets: $839,648
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Organization Details
Founding Year
2001
Principal Officer
Stephanie Hawkins
Website
www.theresians.orgNTEE Category
Code: X11 - Religion related
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