Overview
What is First United Methodist Church West Allis Scholarship & Endowment Fund Inc?
First United Methodist Church West Allis Scholarship & Endowment Fund Inc is a nonprofit organization that offers scholarships to its church members and the wider community. Their primary mission involves preserving and growing their assets through endowments. In addition to this, they undertake facility maintenance tasks, such as repairs to masonry and doors, to ensure the upkeep of their premises. The fund's activities are centered around scholarship provision and endowment maintenance, contributing positively to the education and well-being of their beneficiaries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The First United Methodist Church West Allis Scholarship & Endowment Fund Inc has received a solid rating of 80%, reflecting a strong performance in accountability and finance. This score is derived solely from their accountability metrics, indicating a focused approach to financial stewardship and transparency.
The organization boasts a fully independent board with nine members, contributing to its high ratings across various accountability indicators. There is no evidence of material diversion of assets, and the charity has established solid protocols for document retention and board meeting minutes, showcasing their commitment to good governance practices.
However, while the organization's financial metrics are strong, the absence of performance metrics or program impact data could limit a comprehensive understanding of its effectiveness in achieving its mission. Overall, the charity demonstrates a commitment to responsible management and transparency, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is First United Methodist Church West Allis Scholarship & Endowment Fund Inc legitimate?
First United Methodist Church West Allis Scholarship & Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First United Methodist Church West Allis Scholarship & 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:
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What is the mission statement of First United Methodist Church West Allis Scholarship & Endowment Fund Inc?
The mission of First United Methodist Church West Allis Scholarship & Endowment Fund Inc is centered around providing scholarships to both church members and the wider community. Additionally, the fund aims to preserve its resources through the management of endowments. The organization's activities encompass maintaining church facilities, such as addressing masonry and door issues, and granting scholarships to eligible individuals. The fund serves as a source of financial aid, contributing to the educational pursuits of those it supports.
Who is the CEO of First United Methodist Church West Allis Scholarship & Endowment Fund Inc?
Linda S Sather is the President of First United Methodist Church West Allis Scholarship & Endowment Fund Inc.
What is the revenue of First United Methodist Church West Allis Scholarship & Endowment Fund Inc?
First United Methodist Church West Allis Scholarship & Endowment Fund Inc's revenue in 2022 was $1,408.
Who are the executives of First United Methodist Church West Allis Scholarship & Endowment Fund Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for First United Methodist Church West Allis Scholarship & Endowment Fund Inc?
First United Methodist Church West Allis Scholarship & Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First United Methodist Church West Allis Scholarship & Endowment Fund Inc
The First United Methodist Church West Allis Scholarship & Endowment Fund Inc is dedicated to fulfilling two primary objectives. Firstly, it provides scholarships to individuals within its church community and beyond. Secondly, the organization ensures the preservation of its assets, which are primarily sustained through endowments. By offering scholarships, this nonprofit seeks to support deserving individuals in their educational pursuits, thereby contributing to their personal growth and development. Simultaneously, the fund maintains its assets meticulously, ensuring the continuity of its scholarship program and other future endeavors. This is achieved through projects such as facility maintenance, which includes tasks like masonry work and door repairs, indicating the organization's commitment to responsible stewardship of its resources.
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Impact
October, 2024
The First United Methodist Church West Allis Scholarship & Endowment Fund Inc significantly impacts the local community by providing financial support through scholarships to both church members and community members. This initiative helps alleviate the burden of educational costs, allowing deserving individuals to pursue their academic goals and improve their future prospects.
In addition to its scholarship program, the Fund ensures the sustainability and maintenance of church facilities through careful asset management supported by endowments. This includes essential maintenance projects, such as masonry repairs and door replacements, which enhance the community's gathering space and promote a welcoming environment for both worship and educational activities.
By investing in education and maintaining its facilities, the First United Methodist Church West Allis actively contributes to the growth and development of individuals and the broader community in Milwaukee, WI, fostering a spirit of support and collaboration.
This information is meant to be a general summary of First United Methodist Church West Allis Scholarship & 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.
- Gross Receipts: $1,408
Assets and Liabilities:
- Total Assets: $789,928
- Total Liabilities: $0
- Net Assets: $789,928
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Organization Details
Founding Year
1966
Phone
(414) 322-2126Principal Officer
Linda S Sather
Main Address
7520 W Lapham St, Milwaukee, WI, 532144652
NTEE Category
Code: B82 - Education
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