Overview
What is Ag May Fbo Trinity Umc Iua?
Ag May Fbo Trinity Umc Iua is a nonprofit organization situated in Cincinnati, Ohio. Its primary function involves investing trust assets, with the aim of generating income to support various organizations, as outlined in its governing document. One of the organizations it supports is Trinity United Methodist Church, which is also a part of its programs. The nonprofit's activities are centered around managing and growing these trust assets to provide financial support to the named organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. Overall score: 60%, earning a Two-Star out of Four Star rating. This rating indicates that the organization has significant areas needing enhancement, particularly in governance and transparency.
One of the strengths of Ag May Fbo Trinity Umc Iua is its program expense ratio, which stands at 79.03%. This suggests that a substantial portion of its funding is allocated directly to its programs, highlighting a commitment to its mission. Furthermore, the organization has a clean record regarding material diversion of assets, scoring full points in that category.
However, there are notable weaknesses, including a complete lack of independent board members and missing critical policies like a whistleblower policy and document retention guidelines. These gaps may raise concerns about governance and accountability, which are essential for building trust with donors and stakeholders. Additionally, the absence of a website listing and tax form on its site further detracts from transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Ag May Fbo Trinity Umc Iua legitimate?
Ag May Fbo Trinity Umc Iua is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ag May Fbo Trinity Umc Iua 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: $17,872
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ag May Fbo Trinity Umc Iua?
Ag May Fbo Trinity Umc Iua's mission is centered around investing trust assets with the primary objective of generating income. This income is then utilized to support various organizations as specified in the governing document. While the JSON array does not provide specific details about the nature of these organizations, it is clear that Ag May Fbo Trinity Umc Iua plays a role in financially supporting them. In this context, the organization acts as a financial intermediary, channeling resources to the organizations it has been entrusted to support.
Who is the CEO of Ag May Fbo Trinity Umc Iua?
Fifth Third Bank N A is the Trustee of Ag May Fbo Trinity Umc Iua.
What is the revenue of Ag May Fbo Trinity Umc Iua?
Ag May Fbo Trinity Umc Iua's revenue in 2022 was $25,497.
Who are the executives of Ag May Fbo Trinity Umc Iua and what are their salaries?
There is 1 key member and their salary:
- Compensation: $17,872
- Related: $0
- Other: $0
Where can I find the form 990 for Ag May Fbo Trinity Umc Iua?
Ag May Fbo Trinity Umc Iua's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ag May Fbo Trinity Umc Iua
Ag May Fbo Trinity Umc Iua's mission revolves around the strategic investment of its trust assets. The primary objective is to generate income, which is then allocated to support various organizations as outlined in its governing document. This nonprofit organization has included Trinity United Methodist Church among its program beneficiaries, demonstrating its commitment to a broad range of charitable causes. By investing its assets wisely, Ag May Fbo Trinity Umc Iua aims to provide crucial financial support to the organizations it has chosen to assist, contributing to their ongoing operations and missions.
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Impact
October, 2024
Ag May Fbo Trinity Umc Iua plays a significant role in supporting various organizations through strategic investment of trust assets. By generating income from these investments, it provides essential financial assistance to entities named in its governing documents, including Trinity United Methodist Church. This support helps sustain programs and initiatives that contribute to the community in Cincinnati, OH.
The impact extends beyond financial contributions; it fosters a sense of community and encourages philanthropy, by ensuring that resources are allocated to organizations that align with its mission. This investment model not only sustains Trinity United Methodist Church but also promotes other charitable activities, enhancing social welfare and enriching the lives of individuals in the area. Overall, Ag May's focus on investing for income ensures a consistent flow of support for crucial initiatives, highlighting its importance in the philanthropic landscape of Cincinnati.
This information is meant to be a general summary of Ag May Fbo Trinity Umc Iua. 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: $25,497
- Gross Receipts: $106,518
Assets and Liabilities:
- Total Assets: $830,942
- Total Liabilities: $0
- Net Assets: $830,942
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Organization Details
Founding Year
2007
Phone
(513) 534-5310Principal Officer
Fifth Third Bank N A
Main Address
PO BOX 630858, CINCINNATI, OH, 452630858
NTEE Category
Code: T20 - Philanthropy
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