First United Methodist Church Of Ada Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237073317 ✦ Ada, OK ✦ Designated as a 501(c)(3)

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Overview

What is First United Methodist Church Of Ada Foundation Inc?

First United Methodist Church Of Ada Foundation Inc is a charitable organization situated in Ada, Oklahoma, at 129 West 14th Street. Their primary mission is to aid in the mission work and campus ministry of the First United Methodist Church of Ada. To accomplish this, they offer financial assistance to various programs and activities within the church. Their purpose is to contribute positively to the religious community and support the church's initiatives.


Official website here: www.none

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76%, Three-Star out of Four Star rating.

First United Methodist Church Of Ada Foundation Inc demonstrates strong organizational strengths, particularly in its accountability and finance practices. The charity has an excellent score in areas such as the independence of its board members, with 100% of its board being independent, and a high program expense ratio of 99.95%, indicating that the vast majority of its funding is directed towards its programs.

However, the organization shows some limitations, notably the absence of key governance policies, including a conflict of interest policy and a whistleblower policy, which received a score of zero in those categories. Additionally, while the overall score is favorable, the reliance on a single beacon score underlines the need for ongoing improvement in its governance practices.


This AI summary has been generated from information found on Charity Navigator.

Is First United Methodist Church Of Ada Foundation Inc legitimate?

First United Methodist Church Of Ada Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First United Methodist Church Of Ada 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

For more financial information, click here


Official website here: www.none

What is the mission statement of First United Methodist Church Of Ada Foundation Inc?

The mission of First United Methodist Church Of Ada Foundation Inc is centered around providing financial aid for the various programs and activities conducted by the First United Methodist Church of Ada, Oklahoma. This foundation serves to support the church's mission work and campus ministry, contributing to their overall objectives and initiatives.


Official website here: www.none

Who is the CEO of First United Methodist Church Of Ada Foundation Inc?

William C Chapman is the President of First United Methodist Church Of Ada Foundation Inc.


Official website here: www.none

What is the revenue of First United Methodist Church Of Ada Foundation Inc?

First United Methodist Church Of Ada Foundation Inc's revenue in 2023 was $171,822.


Official website here: www.none

Who are the executives of First United Methodist Church Of Ada Foundation Inc and what are their salaries?


Here are 4 key members and their salaries:


Dale Pflaum (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Cody (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bart Mccortney (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Chapman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for First United Methodist Church Of Ada Foundation Inc?

First United Methodist Church Of Ada Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of First United Methodist Church Of Ada Foundation Inc

The First United Methodist Church Of Ada Foundation Inc is committed to providing financial aid to the various programs and activities of the First United Methodist Church of Ada, Oklahoma. This nonprofit organization's mission is to support the mission work of the church and campus ministry. In essence, it serves as a financial backbone, enabling the church to carry out its religious and community-focused initiatives effectively. By doing so, the foundation contributes to the overall well-being and growth of the church and its community.

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Impact




October, 2024

First United Methodist Church of Ada Foundation Inc significantly impacts the community by providing essential financial support to various programs and activities of the First United Methodist Church in Ada, Oklahoma. This foundation plays a crucial role in facilitating mission work and campus ministry, enabling the church to reach out to its congregation and the wider community.

Through its financial assistance, the foundation helps strengthen the church's ability to conduct mission projects that serve those in need, foster community engagement, and promote spiritual growth. Additionally, the support for campus ministry ensures that students and young adults have access to spiritual resources and a welcoming environment as they navigate their educational journeys.

Overall, the foundation enhances the church's outreach and ability to fulfill its mission, positively affecting individuals and families in the Ada area.




This information is meant to be a general summary of First United Methodist Church Of Ada 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.

Revenue
$171,822 (2023)
Expenses
$72,387 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $76,768
  • Gross Receipts: $171,822

Assets and Liabilities:

  • Total Assets: $1,619,615
  • Total Liabilities: $0
  • Net Assets: $1,619,615

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Organization Details

Founding Year

1971

Principal Officer

William C Chapman

Main Address

129 West 14th, Ada, OK, 74820

Website

www.none

NTEE Category

Code: X20 - Religion related

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