Overview
What is Peninsula Foundation Inc?
Peninsula Foundation Inc, based in Los Angeles, California, serves as a supporting entity for the West Coast headquarters of Opus Dei, a Personal Prelature of the Catholic Church. The foundation's main objective is to contribute financially to the expansion of doctrinal and religious activities in California. This includes sponsoring religious and doctrinal conferences, seminars, and retreats, providing necessary financial aid, and possessing the power to rent, buy, or sell property to further these purposes. Ultimately, the foundation aims to collaborate with Opus Dei to advance their religious and doctrinal endeavors in the state of California.
Official website here: www.peninsula-foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (29%)
The Peninsula Foundation Inc has received a zero-star rating from Charity Navigator due to a low overall score of 29%. This rating primarily reflects serious concerns related to accountability and financial practices, which are critical indicators of a nonprofit's efficiency and transparency. While the organization does have a fully independent board, it falls short in several key areas, particularly in financial reporting.
One notable strength is the board's independence, with all eight members being entirely independent. Additionally, there have been no reported material diversions of assets, which indicates a level of integrity in asset management. However, the foundation lacks financial statements and several governance policies, such as a conflict of interest and whistleblower policy, which are essential for maintaining trust and accountability.
Moreover, the foundation's financial health appears to be concerning, with a liabilities-to-assets ratio of 3.45% and a program expense ratio of only 49.12%. These figures suggest that a significant portion of the foundation's resources may not be directed toward its programs, raising questions about its operational effectiveness. Overall, the Peninsula Foundation Inc faces considerable challenges in demonstrating financial responsibility and adherence to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is Peninsula Foundation Inc legitimate?
Peninsula Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula 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
For more financial information, click here
Official website here: www.peninsula-foundation.org
What is the mission statement of Peninsula Foundation Inc?
The Peninsula Foundation Inc's mission is to collaborate with the Catholic Church's Personal Prelature of Opus Dei. This collaboration involves sponsoring religious and doctrinal conferences, seminars, and retreats, as well as providing financial aid. In addition to this, the foundation has the authority to rent, buy, or sell property to further these objectives. Furthermore, the foundation operates a residence for the permanent staff of the center, supporting the West Coast headquarters of Opus Dei and the expansion of doctrinal and religious activities in California.
Official website here: www.peninsula-foundation.org
Who is the CEO of Peninsula Foundation Inc?
John Wildes is the President of Peninsula Foundation Inc.
Official website here: www.peninsula-foundation.org
What is the revenue of Peninsula Foundation Inc?
Peninsula Foundation Inc's revenue in 2022 was $732,754.
Official website here: www.peninsula-foundation.org
Who are the executives of Peninsula Foundation Inc and what are their salaries?
There 5 volunteers at Peninsula Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.peninsula-foundation.org
Where can I find the form 990 for Peninsula Foundation Inc?
Peninsula Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.peninsula-foundation.org
Learn more at the official website: www.peninsula-foundation.org
Mission Statement of Peninsula Foundation Inc
Peninsula Foundation Inc, in alignment with the Personal Prelature of the Catholic Church Opus Dei, serves a crucial role in sponsoring religious and doctrinal conferences, seminars, and retreats. The organization provides financial assistance to further these purposes. In addition, Peninsula Foundation Inc holds the authority to rent, buy, or sell property to support these objectives. Furthermore, the foundation operates a residence for the permanent staff of the center, contributing to the cooperation with Opus Dei's West Coast headquarters and the expansion of doctrinal and religious activities in California.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Peninsula Foundation Inc's impact lies in supporting the West Coast headquarters of Opus Dei and facilitating the expansion of doctrinal and religious activities in California. By sponsoring religious and doctrinal conferences, seminars, retreats, and providing financial assistance, the foundation plays a crucial role in furthering the mission of Opus Dei in the region. Additionally, through its ability to manage property for these purposes and operate a residence for the permanent staff of the center, Peninsula Foundation Inc effectively contributes to the growth and sustenance of religious and doctrinal initiatives affiliated with Opus Dei in California.
This information is meant to be a general summary of Peninsula 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.
- Program Service Revenue: $214,930
- Gross Receipts: $732,754
Assets and Liabilities:
- Total Assets: $4,533,601
- Total Liabilities: $153,129
- Net Assets: $4,380,472
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$151,737
ROOM AND BOARD
Revenue
$62,400
OTHER REVENUE
Revenue
$793
Organization Details
Founding Year
1984
Phone
(323) 648-6300Principal Officer
John Wildes
Main Address
770 SOUTH WINDSOR BLVD, LOS ANGELES, CA, 90005
Website
www.peninsula-foundation.orgNTEE Category
Code: X22 - Religion related
If you are a representative of Peninsula Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.