Overview
What is First Ecclesiastical Society Of Stratford Inc?
First Ecclesiastical Society Of Stratford Inc, located at 2301 Main Street, Stratford, CT 06615, is a nonprofit organization primarily focused on managing the investments of the Cordelia Sterling Estate. Their primary mission is to generate income through investments and distribute it to two key recipients: the Sterling House Community Center and the First Congregational Church, totaling $107,700 in grants. This nonprofit organization's primary activity is to oversee and manage the investments of the First Ecclesiastical Society, ensuring the continued generation of income for the aforementioned institutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The First Ecclesiastical Society Of Stratford Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 73%. This rating is derived solely from Accountability & Finance metrics, highlighting the charity's commitment to responsible financial practices. The organization is notably strong in governance, with a fully independent board of 30 members, and it has demonstrated effective oversight by documenting board meeting minutes.
Financially, the society has shown a solid performance, with a liabilities-to-assets ratio of 0%, indicating no outstanding liabilities. Additionally, it allocates 100% of its expenses to program activities, which suggests a dedicated focus on its mission. However, the lack of other beacon scores means that the rating is limited to financial accountability, leaving potential gaps in assessing overall program effectiveness and impact.
While the organization excels in financial accountability, the Two-Star rating signals room for improvement in broader performance metrics. Stakeholders may want to consider these aspects when evaluating the nonprofit's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is First Ecclesiastical Society Of Stratford Inc legitimate?
First Ecclesiastical Society Of Stratford Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Ecclesiastical Society Of Stratford 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 First Ecclesiastical Society Of Stratford Inc?
The First Ecclesiastical Society of Stratford Inc's mission is centered around managing the investments of the Cordelia Sterling Estate. The primary objective is to generate income from these investments, which is then transferred to the Sterling House Community Center. Additionally, the Society manages its own investment portfolio. The Society also distributes a portion of the income, specifically $68,000, to the Sterling House Community Center and another $15,000 to the First Congregational Church, contributing a total of $107,700. This financial support is likely utilized for various community-related activities and services.
Who is the CEO of First Ecclesiastical Society Of Stratford Inc?
Bill Cabral is the Principal Officer of First Ecclesiastical Society Of Stratford Inc.
What is the revenue of First Ecclesiastical Society Of Stratford Inc?
First Ecclesiastical Society Of Stratford Inc's revenue in 2023 was $150,006.
Who are the executives of First Ecclesiastical Society Of Stratford Inc and what are their salaries?
There 30 volunteers at First Ecclesiastical Society Of Stratford Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for First Ecclesiastical Society Of Stratford Inc?
First Ecclesiastical Society Of Stratford Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of First Ecclesiastical Society Of Stratford Inc
The First Ecclesiastical Society Of Stratford Inc, in its mission, is primarily focused on managing the investments of the Cordelia Sterling Estate. The primary objective is to generate income from these investments, which includes interest, dividends, and profits from the sale of investments. This income is then transferred to the Sterling House Community Center. Furthermore, the society also oversees the management of its own investments, demonstrating a commitment to financial prudence and stability. The Society's role in this process is crucial, as it ensures a consistent flow of funds to the Sterling House Community Center, thereby supporting its operations and initiatives.
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Impact
October, 2024
First Ecclesiastical Society of Stratford Inc significantly impacts the community by managing the investments of the Cordelia Sterling Estate and providing substantial financial support to local organizations. Through its efforts, it transfers income to the Sterling House Community Center, enhancing its ability to deliver essential services and programs. In a recent cycle, the Society granted $68,000 to the Sterling House Community Center and an additional $15,000 to the First Congregational Church, totaling $107,700 in support for community initiatives.
This financial infusion directly contributes to human services within Stratford, fostering growth and sustainability in community programs. By ensuring that income from investments is effectively allocated, the Society plays a crucial role in promoting social welfare, strengthening community bonds, and enriching the lives of residents. Its mission underscores a commitment to enhancing the well-being of the community, making a tangible difference in the lives of those served.
This information is meant to be a general summary of First Ecclesiastical Society Of Stratford 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 2023.
- Investment Income: $150,006
- Gross Receipts: $735,687
Assets and Liabilities:
- Total Assets: $1,072,043
- Total Liabilities: $0
- Net Assets: $1,072,043
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Organization Details
Founding Year
1943
Phone
(203) 375-9937Principal Officer
Bill Cabral
Main Address
2301 Main Street, Stratford, CT, 06615
NTEE Category
Code: P20 - Human services
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