Overview
What is Cardinal Newman Professorship Foundation Inc?
Cardinal Newman Professorship Foundation Inc is a nonprofit organization situated in Anchorage, Alaska. Their primary objective is to support educational and charitable programs, specifically focusing on the Cardinal Newman Professor Chair at Alaska Pacific University. By managing assets as per the agreement with the Catholic Archbishop of Anchorage, they contribute to the Catholic theology department at the university, potentially through funding research, scholarships, or other related activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 73%)
The Cardinal Newman Professorship Foundation Inc holds a two-star rating from Charity Navigator, indicating a need for improvement despite a decent score of 73%. The foundation demonstrates strong accountability and finance practices, highlighted by 100% independent board members and a low liabilities to assets ratio of 4.91%. They also maintain transparency by documenting board meeting minutes and showing no material diversion of assets.
On the positive side, the foundation's program expense ratio is exceptionally high at 100%, suggesting that all expenses are directed towards their programs rather than administrative costs. This focus on programmatic spending is a significant strength for the organization, signaling a commitment to its mission.
However, the overall rating reflects areas that may require attention. While the governance structure appears robust, the two-star rating indicates potential concerns in operational effectiveness or financial health that could benefit from further scrutiny and improvement strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Cardinal Newman Professorship Foundation Inc legitimate?
Cardinal Newman Professorship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cardinal Newman Professorship 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cardinal Newman Professorship Foundation Inc?
The Cardinal Newman Professorship Foundation Inc's mission is centered around managing assets for the benefit of the Catholic Theology professorship chair at Alaska Pacific University, as stipulated by the agreement with the Catholic Archbishop of Anchorage. The primary objective of the foundation is to support educational and charitable programs and activities that are associated with this professorship. This endeavor aims to contribute positively to the academic community, fostering growth and learning in the field of Catholic Theology.
Who is the CEO of Cardinal Newman Professorship Foundation Inc?
Sister Josephine Aloralrea is the President of Cardinal Newman Professorship Foundation Inc.
What is the revenue of Cardinal Newman Professorship Foundation Inc?
Cardinal Newman Professorship Foundation Inc's revenue in 2022 was $138,416.
Who are the executives of Cardinal Newman Professorship Foundation Inc and what are their salaries?
There 4 volunteers at Cardinal Newman Professorship Foundation Inc.
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Cardinal Newman Professorship Foundation Inc?
Cardinal Newman Professorship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cardinal Newman Professorship Foundation Inc
The Cardinal Newman Professorship Foundation Inc is an organization with a mission to manage assets, as per the terms of agreement with the Corporation of the Catholic Archbishop of Anchorage. This mission is primarily focused on supporting the Cardinal Newman Professor Chair at Alaska Pacific University. By providing educational and charitable programs and activities, the foundation aims to contribute to this prominent professorship in Catholic theology. The objective is to enhance the academic and research capabilities in this field, thereby benefiting the university and the wider community. The Cardinal Newman Professorship Foundation Inc's role is instrumental in upholding and advancing the study of Catholic theology at Alaska Pacific University.
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Impact
October, 2024
Cardinal Newman Professorship Foundation Inc plays a vital role in fostering educational and charitable programs that support the Cardinal Newman Professor Chair at Alaska Pacific University. This foundation is dedicated to managing assets to enhance the chair's mission in Catholic theology, enriching the academic environment and promoting theological studies. By providing resources and support, the foundation contributes to the growth of scholarship and education in the field, benefiting both students and the broader community in Anchorage, Alaska. Its impact extends beyond the classroom, engaging individuals in the intellectual exploration of faith and guiding future leaders in theological discourse.
This information is meant to be a general summary of Cardinal Newman Professorship 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 2022.
- Investment Income: $138,416
- Gross Receipts: $609,337
Assets and Liabilities:
- Total Assets: $1,858,585
- Total Liabilities: $86,557
- Net Assets: $1,772,028
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Organization Details
Founding Year
1993
Phone
(907) 564-8204Principal Officer
Sister Josephine Aloralrea
Main Address
4101 University Drive, Anchorage, AK, 99508
NTEE Category
Code: B43I - Education
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