Overview
What is First United Methodist Church Foundation Of Scottsboro?
The First United Methodist Church Foundation of Scottsboro is a charitable organization, based in Scottsboro, Alabama, with the primary mission of providing financial support for various missions and programs associated with the First United Methodist Church. This endowment fund aims to assist in continuing the church's mission, catering to both spiritual and physical needs of its congregation, community, and conference. The foundation's earnings are utilized to fund various initiatives, contributing to the overall mission and outreach of the First United Methodist Church.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The First United Methodist Church Foundation of Scottsboro has received a 73% rating from Charity Navigator, indicating a fair level of performance in terms of accountability and finance. This score is derived solely from the organization's accountability metrics, reflecting a strong commitment to financial transparency and responsible governance. The foundation boasts a board comprised entirely of independent members and maintains a solid track record with no reported material diversion of assets.
Strengths of the organization include a high program expense ratio of 99.59%, signifying that nearly all funds are directed towards its programs, which is a positive indicator of its commitment to mission-driven work. Additionally, the foundation has demonstrated excellent practices in governance and accountability, such as documenting board meeting minutes and maintaining a liabilities to assets ratio of 0.00%.
While the foundation exhibits strong financial and governance practices, it has only achieved a Two-Star rating due to the lack of more diverse evaluation metrics in the overall score. This suggests that while financial accountability is commendable, there may be areas in program effectiveness and other operational aspects that could benefit from improvement.
This AI summary has been generated from information found on Charity Navigator.
Is First United Methodist Church Foundation Of Scottsboro legitimate?
First United Methodist Church Foundation Of Scottsboro is a legitimate nonprofit organization registered as a 501(c)(3) entity. First United Methodist Church Foundation Of Scottsboro 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 United Methodist Church Foundation Of Scottsboro?
The First United Methodist Church Foundation of Scottsboro has a mission to establish a permanent endowment fund. The earnings from this fund are intended for supporting the missions and programs of the First United Methodist Church. The goal is to aid in the continuation of the church's mission, which involves ministering to the spiritual and physical needs of its congregation, the community, and the conference of the First United Methodist Church.
Who is the CEO of First United Methodist Church Foundation Of Scottsboro?
Jack Livingston is the Chairman of First United Methodist Church Foundation Of Scottsboro.
What is the revenue of First United Methodist Church Foundation Of Scottsboro?
First United Methodist Church Foundation Of Scottsboro's revenue in 2022 was $24,189.
Who are the executives of First United Methodist Church Foundation Of Scottsboro and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for First United Methodist Church Foundation Of Scottsboro?
First United Methodist Church Foundation Of Scottsboro's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First United Methodist Church Foundation Of Scottsboro
The First United Methodist Church Foundation of Scottsboro's primary mission is to establish a permanent endowment fund. This fund's earnings are intended for supporting the missions and programs of the First United Methodist Church. The organization's objective is not only to maintain the church's mission but also to extend its reach beyond the congregation, addressing the spiritual and physical needs of the wider community and the conference of the First United Methodist Church. By providing financial assistance, the foundation aims to contribute to the continuation of the church's mission and ensure its impact is sustained over time.
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Impact
October, 2024
First United Methodist Church Foundation of Scottsboro plays a crucial role in supporting the missions and programs of the First United Methodist Church. By establishing a permanent endowment fund, it ensures that the earnings from this fund are dedicated to promoting both spiritual and physical needs within the church and the wider community. This support fosters ongoing ministry efforts, enabling the church to effectively address the needs of its congregation and outreach initiatives. Through its work, the foundation helps sustain and enhance the church's mission, creating a lasting impact on individuals and families who rely on its services.
This information is meant to be a general summary of First United Methodist Church Foundation Of Scottsboro. 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: $23,739
- Gross Receipts: $195,189
Assets and Liabilities:
- Total Assets: $555,011
- Total Liabilities: $0
- Net Assets: $555,011
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Organization Details
Founding Year
2005
Phone
(256) 574-2545Principal Officer
Jack Livingston
Main Address
1105 S BROAD ST, SCOTTSBORO, AL, 35768
NTEE Category
Code: X11 - Religion related
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