Overview
What is Mater Dei Institute?
The Mater Dei Institute is a nonprofit organization, specifically focused on providing education and training for individuals pursuing the priesthood. This esteemed institution welcomes candidates each semester, dedicating its resources to their spiritual and professional development. The primary mission of Mater Dei Institute is to educate and prepare these men for the priesthood, ensuring they are well-equipped to serve their communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%, Zero-Star out of Four Star rating.
The Mater Dei Institute has received a low score of 40%, primarily based on its accountability and finance metrics. The rating reflects strong governance practices, as evidenced by a board composed entirely of independent members and the absence of any material diversion of assets. Additionally, the organization effectively documents board meeting minutes and has a conflict of interest policy in place.
However, the nonprofit's financial performance raises concerns, particularly due to a low program expense ratio of 26.35%, indicating that a significant portion of its resources may not be allocated directly to its programs. Moreover, the liabilities to assets ratio is notably poor at 0.11%, which further negatively impacts its overall score. These financial challenges suggest that while the organization meets certain governance standards, its effectiveness in utilizing funds for its mission may be limited.
This AI summary has been generated from information found on Charity Navigator.
Is Mater Dei Institute legitimate?
Mater Dei Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mater Dei Institute 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: $190,603
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What is the mission statement of Mater Dei Institute?
The Mater Dei Institute's primary focus is on education and training, specifically for men aspiring to join the priesthood. Their mission is to educate and prepare these individuals, providing them with the necessary skills and knowledge for their future roles. The institute houses and enrolls candidates for the priesthood, with the enrollment numbers varying each semester.
Who is the CEO of Mater Dei Institute?
Ed Sinclair is the Trustee of Mater Dei Institute.
What is the revenue of Mater Dei Institute?
Mater Dei Institute's revenue in 2022 was $55,682.
Who are the executives of Mater Dei Institute and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Mater Dei Institute?
Mater Dei Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mater Dei Institute
Mater Dei Institute, a nonprofit organization, is dedicated to educating and training men for the priesthood. Its mission is to provide candidates with the necessary education and training to prepare them for this sacred vocation. The institute enrolls candidates each semester, offering them a comprehensive program that includes housing and instruction. The goal of Mater Dei Institute is to equip these men with the necessary skills and knowledge to serve their communities as priests.
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Impact
August, 2024
Mater Dei Institute plays a crucial role in educating and training men for the priesthood. By providing a structured program aimed at nurturing candidates' spiritual growth and preparing them for their future roles within the church, Mater Dei Institute contributes to the development of strong and capable religious leaders. Through its activities in Spokane, WA, the institute impacts not only the individuals enrolled in its program but also the wider religious community that benefits from well-prepared priests. The dedication to its mission of educating and training men for the priesthood underscores Mater Dei Institute's significance in promoting faith and leadership within the religious sphere.
This information is meant to be a general summary of Mater Dei Institute. 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: $55,412
- Program Service Revenue: $270
- Gross Receipts: $55,682
Assets and Liabilities:
- Total Assets: $2,913,277
- Total Liabilities: $2,845
- Net Assets: $2,910,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM AND BOARD
Revenue
$270
Organization Details
Founding Year
1981
Phone
(509) 328-8332Principal Officer
Ed Sinclair
Main Address
PO BOX 4323, SPOKANE, WA, 992201849
NTEE Category
Code: X20Z - Religion related
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