Overview
What is Orlando Union Rescue Mission Foundation Inc?
Orlando Union Rescue Mission Foundation Inc is a nonprofit organization established to support the Orlando Union Rescue Mission, another not-for-profit entity. The foundation's primary role is to manage and invest funds, primarily for capital campaigns and to supplement the mission's operating budget. The foundation's distributions for the current year were utilized in constructing a new men's home and for operating expenses. The Orlando Union Rescue Mission Foundation Inc has a significant influence in the disbursement of funds, with the ability to request the amount needed on a quarterly basis. The supported organization has the authority to approve the bylaws and any changes to them. The foundation's purpose is to enhance the capabilities of the Orlando Union Rescue Mission, Inc. by providing financial support.
Is Orlando Union Rescue Mission Foundation Inc legitimate?
Orlando Union Rescue Mission Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orlando Union Rescue Mission 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
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What is the mission statement of Orlando Union Rescue Mission Foundation Inc?
The Orlando Union Rescue Mission Foundation Inc was established to support the Orlando Union Rescue Mission, a not-for-profit organization. The primary purpose of the foundation is to manage and invest funds on behalf of the rescue mission, with large gifts and bequests transferred to it. The foundation is obligated to disburse both the income and a portion of the principal annually for the benefit of the rescue mission, except during capital campaign projects. The Orlando Union Rescue Mission has a significant influence in the distribution of funds, as they can request the amount needed on a quarterly basis. The foundation's bylaws outline the distribution requirements, which the supported organization must approve.
Who is the CEO of Orlando Union Rescue Mission Foundation Inc?
Fred Clayton is the CEO of Orlando Union Rescue Mission Foundation Inc The CEO's salary of Orlando Union Rescue Mission Foundation Inc is $0 and their total compensation is $169,270.
What is the revenue of Orlando Union Rescue Mission Foundation Inc?
Orlando Union Rescue Mission Foundation Inc's revenue in 2023 was $490,889.
Who are the executives of Orlando Union Rescue Mission Foundation Inc and what are their salaries?
There 4 volunteers at Orlando Union Rescue Mission Foundation Inc.
Here are 5 key members and their salaries (Orlando Union Rescue Mission Foundation Inc's CEO's salary is $0 and their total compensation is $169,270):
- 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: $162,760
- Other: $6,510
Where can I find the form 990 for Orlando Union Rescue Mission Foundation Inc?
Orlando Union Rescue Mission Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Orlando Union Rescue Mission Foundation Inc
The Orlando Union Rescue Mission Foundation Inc was established with a singular purpose: to support the Orlando Union Rescue Mission, a not-for-profit organization. The foundation's role is to manage and invest funds, primarily receiving large gifts and bequests, which are then disbursed beneficially for the Orlando Union Rescue Mission. The foundation adheres to a policy that permits the distribution of income and principal, but only up to one-tenth of the total principal can be distributed each year, except for capital campaign projects. The Orlando Union Rescue Mission has a significant influence in the disbursement of funds, as they can request the amount they need in writing on a quarterly basis. The organization retains the authority to approve bylaws and any modifications to them. The foundation's mission is to facilitate financial support for the Orlando Union Rescue Mission, ensuring it can continue its vital work in the community.
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Impact
October, 2024
Orlando Union Rescue Mission Foundation Inc. plays a vital role in enhancing the support offered to those in need through the Orlando Union Rescue Mission. By managing and investing funds, the foundation ensures that vital resources are allocated primarily for capital campaigns and operational expenses. This financial backing has directly contributed to significant projects such as the construction of a new men's home, providing essential shelter and services for vulnerable populations in Orlando.
The foundation’s strategic approach allows large gifts and bequests to be effectively utilized, ensuring that the mission can fulfill its goals of helping individuals facing homelessness. With the ability to respond to the mission's requests for funding on a quarterly basis, the foundation offers flexible support that aligns with the immediate needs of the community. This collaborative relationship ensures that both organizations work in tandem to maximize their impact, ultimately transforming lives and fostering hope in those they serve.
This information is meant to be a general summary of Orlando Union Rescue Mission 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 2023.
- Investment Income: $151,761
- Gross Receipts: $5,509,027
Assets and Liabilities:
- Total Assets: $4,209,790
- Total Liabilities: $0
- Net Assets: $4,209,790
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Organization Details
Founding Year
2005
Principal Officer
Fred Clayton
NTEE Category
Code: T20 - Philanthropy
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