Overview
What is Salem Baptist Church Foundation?
The Salem Baptist Church Foundation is a nonprofit organization situated in New Brighton, Minnesota, specifically at 2351 Rice Creek Road. Its primary mission is to provide financial backing for the religious programs and activities of Salem Baptist Church. This support is primarily sourced from investment income earnings, aiming to enhance and promote these religious initiatives effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Salem Baptist Church Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of trustworthiness in terms of financial health and accountability. The organization scores particularly well in areas such as having a majority of independent board members and maintaining a high program expense ratio, which suggests a strong commitment to its mission and efficient use of funds.
However, the Foundation does have notable weaknesses. Specifically, it lacks key governance policies, including a conflict of interest policy and a whistleblower policy, as well as a document retention and destruction policy. These deficiencies indicate potential areas of risk regarding transparency and ethical management practices.
Despite these limitations, the Foundation demonstrates sound financial practices, with a very low liabilities to assets ratio, suggesting good financial stability. Overall, while the organization shows strengths in financial management, addressing its governance shortcomings would enhance its accountability and improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Baptist Church Foundation legitimate?
Salem Baptist Church Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Baptist Church Foundation 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.
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What is the mission statement of Salem Baptist Church Foundation?
The Salem Baptist Church Foundation's mission is centered around providing financial support and promotion for the religious programs and activities of Salem Baptist Church. This is achieved through the earnings derived from their investment income. The foundation's primary objective is to contribute financially to the spiritual growth and activities within the church community.
Who is the CEO of Salem Baptist Church Foundation?
Steve Fischer is the President of Salem Baptist Church Foundation.
What is the revenue of Salem Baptist Church Foundation?
Salem Baptist Church Foundation's revenue in 2022 was $32,071.
Who are the executives of Salem Baptist Church Foundation and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Salem Baptist Church Foundation?
Salem Baptist Church Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Salem Baptist Church Foundation
The Salem Baptist Church Foundation is committed to financially strengthening and advocating for the religious initiatives and events at Salem Baptist Church. Through their investment income earnings, this organization plays a significant role in promoting and sustaining the religious programs and activities within the church community. Their mission is geared towards ensuring the spiritual growth and wellbeing of the congregation, contributing to a vibrant and thriving religious atmosphere at Salem Baptist Church.
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Impact
October, 2024
Salem Baptist Church Foundation plays a vital role in enhancing the religious programs and activities of Salem Baptist Church in New Brighton, MN. By leveraging investment income earnings, the foundation provides essential financial support, enabling a wide range of initiatives that foster community engagement and spiritual growth.
The foundation’s impact is seen in its ability to sustain and promote various religious activities, ensuring that the church can effectively serve its congregation and the surrounding community. This support allows for a deeper outreach and the implementation of programs that address the needs of its members, including educational events, community service projects, and worship services.
Through its commitment to financial stewardship, the Salem Baptist Church Foundation empowers the church to thrive, fostering a vibrant religious environment where individuals can grow in faith and connect with one another, ultimately enriching the spiritual landscape of the community.
This information is meant to be a general summary of Salem Baptist Church Foundation. 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: $32,071
- Gross Receipts: $32,071
Assets and Liabilities:
- Total Assets: $931,957
- Total Liabilities: $0
- Net Assets: $931,957
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Organization Details
Founding Year
2008
Phone
(651) 633-7515Principal Officer
Steve Fischer
Main Address
2351 Rice Creek Road, New Brighton, MN, 55112
NTEE Category
Code: X112 - Religion related
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