Overview
What is Church Of The Covenant Permanent Endowment Fund Inc?
Church of the Covenant Permanent Endowment Fund Inc is a nonprofit organization established to support the Episcopal Church of the Covenant, which has been a part of the Episcopal Diocese of Kansas since 1858. The fund is housed at the Exchange Bank of Junction City, Kansas, with its operations managed through the bank's Trust Department. The primary objective of the fund is to provide financial assistance to the church. Any member of the Episcopal Church of the Covenant has access to the fund's asset information and operating documents. Regular financial reports are generated and shared with the church members periodically. The fund's purpose is to ensure the long-term financial stability and growth of the Episcopal Church of the Covenant.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13%, Zero-Star out of Four Star rating.
The Church Of The Covenant Permanent Endowment Fund Inc has received a notably low score of 13%, indicating serious concerns regarding its accountability and financial practices. The organization lacks independent board members, which raises questions about governance and oversight. Additionally, several critical policies, such as conflict of interest and whistleblower policies, are missing, which could impact transparency and ethical standards.
Despite these shortcomings, the organization does report no material diversion of assets, suggesting that its funds are not being misused. However, the absence of a robust financial structure, indicated by the 0.00% program expense ratio, raises red flags about the efficacy of its operations and the impact of its programs. Furthermore, the charity's website is lacking essential documents like the tax form, which diminishes its accessibility and accountability to the public.
Overall, the Church Of The Covenant Permanent Endowment Fund Inc displays significant areas for improvement, particularly in governance and transparency. Prospective donors should exercise caution and consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Church Of The Covenant Permanent Endowment Fund Inc legitimate?
Church Of The Covenant Permanent Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Church Of The Covenant Permanent Endowment Fund 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
For more financial information, click here
What is the mission statement of Church Of The Covenant Permanent Endowment Fund Inc?
The Church of the Covenant Permanent Endowment Fund Inc. was established with the primary purpose of providing financial support to the Episcopal Church of the Covenant, a constituent of the Episcopal Diocese of Kansas since 1858. The fund makes its asset information and operating documents accessible to any member of the Episcopal Church of the Covenant. The Church of the Covenant Permanent Endowment Fund Inc. is managed through the Trust Department of the Exchange Bank of Junction City Kansas. Quarterly financial reports are generated by the Trust Department and shared with the members of the Episcopal Church of the Covenant. The main role of the fund is to ensure the financial well-being of the Episcopal Church of the Covenant.
Who is the CEO of Church Of The Covenant Permanent Endowment Fund Inc?
Betsy Edwards is the Chapman Kansas 67431 of Church Of The Covenant Permanent Endowment Fund Inc.
What is the revenue of Church Of The Covenant Permanent Endowment Fund Inc?
Church Of The Covenant Permanent Endowment Fund Inc's revenue in 2022 was $38,362.
Who are the executives of Church Of The Covenant Permanent Endowment Fund Inc and what are their salaries?
Here are 5 key members and their salaries:
- 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: $0
- Other: $0
Where can I find the form 990 for Church Of The Covenant Permanent Endowment Fund Inc?
Church Of The Covenant Permanent Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Church Of The Covenant Permanent Endowment Fund Inc
The Church of the Covenant Permanent Endowment Fund Inc. was established with a mission to support the Episcopal Church of the Covenant, a church that has been a part of the Episcopal Diocese of Kansas since 1858. The primary role of this corporation is to provide financial aid to this church. The operating documents and asset information of the Church of the Covenant Permanent Endowment Fund are accessible to any member of the Episcopal Church of the Covenant. The fund is managed and housed at the Exchange Bank of Junction City, Kansas, under the supervision of its Trust Department. Regular financial reports are generated by the Trust Department, which are then shared with the Trustees of the Church of the Covenant Permanent Endowment Fund and subsequently distributed to the members of the Episcopal Church of the Covenant. In essence, the Church of the Covenant Permanent Endowment Fund Inc. serves as a financial backbone for the Episcopal Church of the Covenant, ensuring its continued operation and support.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Church of the Covenant Permanent Endowment Fund Inc. plays a crucial role in ensuring the long-term financial stability and sustainability of the Episcopal Church of the Covenant in Junction City, Kansas. Established to support the church since its founding in 1858, the fund provides vital financial resources that enable the church to continue its mission and serve its community.
Through prudent asset management and regular financial reporting, the endowment fund ensures transparency and accountability to its members. This commitment fosters a sense of trust and involvement, as members are informed about the financial health of the fund and its contributions to the church's operations.
The financial support from the endowment allows the Church of the Covenant to maintain its programs, outreach efforts, and community services, enriching the lives of its congregants and the broader community. By securing its financial future, the fund empowers the church to focus on its spiritual and philanthropic missions, preserving its legacy and promoting growth for generations to come.
This information is meant to be a general summary of Church Of The Covenant Permanent Endowment Fund 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: $8,270
- Gross Receipts: $257,778
Assets and Liabilities:
- Total Assets: $932,362
- Total Liabilities: $0
- Net Assets: $932,362
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1965
Phone
(785) 375-2487Principal Officer
Betsy Edwards
Main Address
811 N WASHINGTON ST, JUNCTION CITY, KS, 664412446
NTEE Category
Code: T00 - Philanthropy
If you are a representative of Church Of The Covenant Permanent Endowment Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.