Augustinian Recollect Sisters

What it reported doing in 2013

Offer and support charitable works in the arch/diocese.acquire, hold, own, manage, receive, and transfer interests in personal property and monetary instruments, operate, maintain, improve, construct and manage any real property assets held in trust for or otherwise allocated to the California congregation or congregation and maintain inventories of the same as required by church law.subject to the role of the superior general and her council in the selection of the California congregations superior, administrator or other religious for assignment to the California congregation and the responsibility of such persons to the congregation under its constitutions and the church law, and subject to the norms of the congregation and the budgets and other financial parameters established by the congregation, recruit, hire, train, oversee, pay, provide benefits to and, if necessary, terminate persons suitable according to church law, as employees, agents and contractors of the California congregation, and recruit, accept, train, and, if necessary, dismiss persons acting as volunteers in the religious, educational and charitable ministries of the California congregation. Seek and obtain donations and implement, with the congregation, effective stewardship and asset development, banking, investment and financial management and asset preservation programs to fund and endow the current and future needs of the California congregation in a responsible fiscal manner. Maintain the sacramental, canonical inventory, and financial books and records and submit reports, and filings of its activities, to the extent required by the church law or by any government authority having proper jurisdiction over the activities or properties of the California congregation.undertake other activities and initiatives for the benefit of the California congregation, its members, the congregation, all in a manner consistent with the provisions of the governing principles.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited

Transparency & Controls

• Consistency checks: 50%; rating input score 50; 0th percentile among comparable filings
• Major donor itemization: Limited

Sustainability

• Operating margin: Limited
• Total-asset coverage ratio: Limited
• Liabilities to assets ratio: Limited
• Officer compensation ratio: Limited

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited