The Bishops Fund Inc
Nonprofit profile at a glance
- EIN
- 472521236
- IRS 990 coverage
- 2014–2020
- Forms available
- Form 990 2020
- Location
- Wheeling, WV, USA
- Phone
- 3042330880
- Rating
- 22
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $610,059
- Expenses
- $8,803
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
3 people listed
Highest reported compensation
- BRYAN MINOR (DIRECTOR): $192,728 total reported compensation
- LAWRENCE BANDI (DIRECTOR/TREASURER): $97,576 total reported compensation
- BISHOP MARK E BRENNAN (DIRECTOR/ CHAIRMAN/ SOLE-MEMBER): $57,914 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is organized, and shall at all times be operated, exclusively for the benefit of, to perform the function of, or to carry out the purposes of, all of those organizations (whether organized under the laws of the state of West Virginia or existing as unincorporated associations or other unregistered groups) that (i) are listed under the diocese of wheeling-charleston in the then current version of "the official catholic directory" first published in 1817 by p.j. Kenedy & sons, (ii) are organizations described in section 509(a)(1) or section 509(a)(2) of the code and (iii) are operated for religious, educational, charitable, scientific or literary purposes as defined in section 501(c)(3) of the united states internal revenue code of 1986, as amended (the "code"), or any successor law and further defined in 26 c.f.r. Section 1.501(c)(3)-1, or any successor regulations (the "beneficiary organization(s)").
What it reported doing in 2020
Supporting the roman catholic bishop of the diocese of wheeling-charleston in his efforts to provide for the pastoral care of the diocese and the care of the people of the diocese.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The strongest available result is that the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 55
- Accountability: 16
- Sustainability: 47
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 98.6%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 539.6%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -17.4% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: -27.8% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -6% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 0 of 3 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $193K · 3 people listed · 0 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 7 filing years from 2014 to 2020
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.