Overview
What is Western Reserve Assoc No 3 Ta?
Western Reserve Assoc No 3 Ta is a nonprofit organization situated in Brooklyn, Ohio. Its primary mission is to support the religious work of the Ohio Conference of the United Church of Christ and enhance the efforts of local churches. Grants are distributed by Keybank as the trustee, adhering to a Trust Agreement from 1923. The organization follows the Ohio Institutional Trust Funds Act of 1999, maximizing its income based on the greater of 5% of AFV or traditional income. The beneficiary organization holds the right to remove the Trustee, direct investments, and approve amendments to ensure the continuation of its 509(a)3 status.
Is Western Reserve Assoc No 3 Ta legitimate?
Western Reserve Assoc No 3 Ta is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Reserve Assoc No 3 Ta 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: $7,907
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Western Reserve Assoc No 3 Ta?
The Western Reserve Association No 3 Ta, guided by a Trust Agreement from 1923, receives grants distributed by Keybank with the aim of supporting the religious work of the Ohio Conference of the United Church of Christ and enhancing the strength of local churches. Under the Ohio Institutional Trust Funds Act of 1999, the association maximizes its income for this purpose. Keybank remains responsive to the organization's needs and activities in achieving its mission. The beneficiary organization has the right to remove the trustee, direct investments, and approve amendments to ensure the continuation of its 509(a)3 status.
What is the revenue of Western Reserve Assoc No 3 Ta?
Western Reserve Assoc No 3 Ta's revenue in 2023 was $65,834.
Who are the executives of Western Reserve Assoc No 3 Ta and what are their salaries?
There is 1 key member and their salary:
- Compensation: $7,907
- Related: $0
- Other: $0
Where can I find the form 990 for Western Reserve Assoc No 3 Ta?
Western Reserve Assoc No 3 Ta's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Western Reserve Assoc No 3 Ta
Western Reserve Association No 3 Ta, as specified in a trust agreement from 1923, receives funding primarily to support the religious activities of the Ohio Conference of the United Church of Christ and to enhance the work of local churches. Operating under the Ohio Institutional Trust Funds Act of 1999, the association receives a substantial portion of its income, either 5% of the adjusted fund value (AFV) or based on traditional income, to further its objectives. Keybank, acting as trustee, maintains a keen awareness of the association's needs and activities, ensuring that the funds are utilized effectively in achieving its mission. Notably, the beneficiary organization retains the right to remove the trustee, approve investments, and amend the document to preserve its qualification as a 509(a)3 organization. This setup allows Western Reserve Association No 3 Ta to focus on its core purpose while ensuring long-term financial stability and adherence to relevant regulations.
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Impact
October, 2024
Western Reserve Association No 3 Ta plays a significant role in supporting the religious initiatives of the Ohio Conference of the United Church of Christ and enhances the operations of local churches. By distributing grants as outlined in the Trust Agreement from June 14, 1923, it ensures that financial resources are directed towards activities that strengthen the community's faith-based efforts.
The association’s financial strategy, which allows for maximum income distribution—either through a minimum of 5% of Average Fair Value or traditional income—provides a stable funding mechanism that adapts to the changing financial landscape. This flexibility enables local churches and religious initiatives to address immediate needs while also supporting long-term goals.
Keybank, acting as trustee, maintains open communication with the association to better understand the evolving needs of the beneficiary organization. This responsiveness helps ensure that grants are effectively utilized, reinforcing the mission of the Ohio Conference of the United Church of Christ.
Additionally, the beneficiary organization retains authority over significant decisions, such as removing the trustee and directing investments, which fosters a collaborative approach to financial stewardship. Overall, the impact of Western Reserve Association No 3 Ta is a strengthened infrastructure for religious work within the community, enhancing the reach and efficacy of the local churches it supports.
This information is meant to be a general summary of Western Reserve Assoc No 3 Ta. 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: $45,026
- Gross Receipts: $66,172
Assets and Liabilities:
- Total Assets: $2,000,231
- Total Liabilities: $0
- Net Assets: $2,000,231
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Organization Details
Founding Year
1923
NTEE Category
Code: X110 - Religion related
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