Overview
What is Cathedral Foundation Of The Diocese Of Olympia?
The Cathedral Foundation of the Diocese of Olympia is a nonprofit organization situated in Seattle, Washington. Its primary focus is to manage and raise capital funds, along with endowments, primarily for the upkeep and improvement of St. Mark's Episcopal Cathedral's buildings and grounds. The foundation takes on the responsibility of overseeing these assets to ensure their preservation and enhancement, demonstrating a commitment to the cathedral's upkeep. The organization plays a crucial role in maintaining the Cathedral's physical appearance and longevity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating). This rating reflects the organization's strong performance in accountability and finance, which is crucial for building trust and ensuring that donations are being used effectively. The charity achieved a score based entirely on its financial metrics, indicating a solid foundation in fiscal responsibility and governance.
The Cathedral Foundation of the Diocese of Olympia excels in several key areas, showcasing a commitment to transparency and responsible management. It boasts a fully independent board, with 100% of its members being independent, and a perfect score in areas such as material diversion of assets and conflict of interest policies. Additionally, the organization maintains an impressive program expense ratio of nearly 95%, signifying that a large portion of its funds is allocated directly to its programs rather than administrative costs.
While the organization demonstrates strong financial management, the overall rating is based solely on financial metrics. Therefore, potential donors may want to explore additional qualitative factors, such as community impact and program effectiveness, to gain a comprehensive view of the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Cathedral Foundation Of The Diocese Of Olympia legitimate?
Cathedral Foundation Of The Diocese Of Olympia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cathedral Foundation Of The Diocese Of Olympia 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cathedral Foundation Of The Diocese Of Olympia?
The Cathedral Foundation of the Diocese of Olympia is dedicated to preserving and enhancing the buildings and grounds of St. Mark's Episcopal Cathedral. This is achieved by managing and raising capital and endowment funds. The foundation's role extends to overseeing these assets with a sense of fiduciary responsibility. The primary objective is to ensure the Cathedral's structures remain in excellent condition. Grants are provided to St. Mark's Episcopal Cathedral for this purpose. In summary, the Cathedral Foundation's mission is to safeguard and improve the Cathedral's physical infrastructure, ensuring it continues to serve its community effectively.
Who is the CEO of Cathedral Foundation Of The Diocese Of Olympia?
Phillip Haas is the Chair of Cathedral Foundation Of The Diocese Of Olympia.
What is the revenue of Cathedral Foundation Of The Diocese Of Olympia?
Cathedral Foundation Of The Diocese Of Olympia's revenue in 2022 was $45,353.
Who are the executives of Cathedral Foundation Of The Diocese Of Olympia and what are their salaries?
There 25 volunteers at Cathedral Foundation Of The Diocese Of Olympia.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Cathedral Foundation Of The Diocese Of Olympia?
Cathedral Foundation Of The Diocese Of Olympia's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cathedral Foundation Of The Diocese Of Olympia
The Cathedral Foundation of the Diocese of Olympia is a charitable organization with a mission to preserve and enhance the buildings and grounds of St. Mark's Episcopal Cathedral. This foundation is responsible for managing and raising capital and endowment funds to ensure the Cathedral's long-term maintenance and improvement. In exercising its fiduciary responsibility, the Cathedral Foundation provides oversight of these assets, ensuring that the historic Cathedral remains a significant landmark for the community. By granting funds to St. Mark's Episcopal Cathedral, the foundation plays an essential role in preserving the Cathedral's architectural heritage and maintaining its sanctity for future generations.
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Impact
August, 2024
The Cathedral Foundation of the Diocese of Olympia plays a crucial role in raising and managing capital and endowment funds for the benefit of St. Mark's Episcopal Cathedral in Seattle, WA. Its impact is primarily focused on the preservation and enhancement of the Cathedral's buildings and grounds. By providing grants for maintenance, the foundation ensures that the Cathedral remains a vital and vibrant place of worship and community engagement. Through its fiduciary responsibilities, the foundation helps to safeguard and steward the assets that support the Cathedral's ongoing mission and service to the community.
This information is meant to be a general summary of Cathedral Foundation Of The Diocese Of Olympia. 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: $32,087
- Gross Receipts: $45,353
Assets and Liabilities:
- Total Assets: $1,677,854
- Total Liabilities: $0
- Net Assets: $1,677,854
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Organization Details
Founding Year
1991
Phone
(206) 325-4200Principal Officer
Phillip Haas
Main Address
1245 10th Ave E, Seattle, WA, 98102
NTEE Category
Code: X20 - Religion related
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