Overview
What is Mary Taylor Memorial United Methodist Church Foundation Inc?
Mary Taylor Memorial United Methodist Church Foundation Inc is a nonprofit organization situated in Milford, Connecticut, with an address at 176 Broad Street. Its primary responsibility is to manage a piece of real estate located at 190 Broad Street, Milford, CT. The organization collects income generated from this property and subsequently distributes it to Mary Taylor Memorial United Methodist Church, after deducting related expenses. The foundation's sole purpose is to support the church in maintaining its building and related activities.
Is Mary Taylor Memorial United Methodist Church Foundation Inc legitimate?
Mary Taylor Memorial United Methodist Church Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Mary Taylor Memorial United Methodist Church 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.
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What is the mission statement of Mary Taylor Memorial United Methodist Church Foundation Inc?
The Mary Taylor Memorial United Methodist Church Foundation Inc's primary role is to manage a property located at an unspecified address, generating income which is subsequently passed on to the Mary Taylor Memorial United Methodist Church, after deducting expenses. The main objective of the foundation is to support the church financially, as evidenced by its substantial contribution of $206,004 for church building maintenance. The foundation's activities are solely focused on property management and financial support to the church. It does not have a mission statement in the traditional sense, as its purpose is explicitly defined by its property management responsibilities and financial aid to the church.
Who is the CEO of Mary Taylor Memorial United Methodist Church Foundation Inc?
Lee Littrell is the Secretary of Mary Taylor Memorial United Methodist Church Foundation Inc.
What is the revenue of Mary Taylor Memorial United Methodist Church Foundation Inc?
Mary Taylor Memorial United Methodist Church Foundation Inc's revenue in 2022 was $225,109.
Who are the executives of Mary Taylor Memorial United Methodist Church Foundation Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Mary Taylor Memorial United Methodist Church Foundation Inc?
Mary Taylor Memorial United Methodist Church Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mary Taylor Memorial United Methodist Church Foundation Inc
The Mary Taylor Memorial United Methodist Church Foundation Inc's primary purpose is to manage a particular piece of real estate and collect the income generated from it. This nonprofit organization meticulously manages the property located at 190 Broad Street, Milford, CT, ensuring that the income generated is less the expenses, and then transfers the remaining amount to Mary Taylor Memorial United Methodist Church. This financial contribution significantly supports the church's maintenance expenses for its building. In essence, the Mary Taylor Memorial United Methodist Church Foundation Inc serves as a financial support system for its affiliated church, ensuring its structural maintenance and preservation.
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Impact
October, 2024
Mary Taylor Memorial United Methodist Church Foundation Inc significantly supports the Mary Taylor Memorial United Methodist Church through its management and financial contributions. By holding title to the real estate located at 190 Broad Street in Milford, CT, the organization plays a critical role in generating income that is essential for the church's operations.
The foundation's successful property management allows it to collect income and, after covering expenses, contribute these funds directly to the church. In a recent contribution, the foundation provided $206,004 specifically for church building maintenance, underscoring its commitment to ensuring that the church remains a vibrant and functional place for the community.
Through its activities, the foundation not only maintains the real estate but also strengthens the church's financial stability, enabling it to focus on its mission and community outreach. This impact fosters a sustainable environment for worship and community engagement within Milford, CT.
This information is meant to be a general summary of Mary Taylor Memorial United Methodist Church 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: $11
- Gross Receipts: $236,257
Assets and Liabilities:
- Total Assets: $257,348
- Total Liabilities: $0
- Net Assets: $257,348
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Organization Details
Founding Year
1981
Phone
(203) 874-1982Principal Officer
Lee Littrell
Main Address
176 BROAD STREET, MILFORD, CT, 06460
NTEE Category
Code: X110 - Religion related
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