Overview
What is Cookeville First United Methodist Church Foundation Inc?
Cookeville First United Methodist Church Foundation Inc is a nonprofit organization situated in Cookeville, Tennessee, specifically at 165 E Broad St. Their primary mission is to contribute to and support the programs, ministry, works, goals, objectives, and initiatives of the Cookeville First United Methodist Church. Recently, they donated $31,250 to provide a housing allowance for the church's pastor. The foundation's activities aim to bolster the church's overall mission and operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 73%)
Cookeville First United Methodist Church Foundation Inc has received a two-star rating from Charity Navigator, indicating that while there are strong points in their accountability and financial management, improvements are needed in transparency and governance practices. The foundation boasts a perfect score for accountability with independent board members and a solid program expense ratio, which highlights their commitment to their mission.
Despite these strengths, the organization has notable limitations. Key policies, such as the conflict of interest policy, whistleblower policy, and document retention policy, are missing, which raises concerns about governance practices. Additionally, the lack of disclosure regarding tax forms further detracts from their overall transparency and may impact public trust.
In summary, while Cookeville First United Methodist Church Foundation Inc shows solid financial health and governance through a fully independent board, it faces significant challenges in policy implementation and transparency. Addressing these limitations could enhance its accountability and improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Cookeville First United Methodist Church Foundation Inc legitimate?
Cookeville First United Methodist Church Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cookeville First United Methodist Church 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cookeville First United Methodist Church Foundation Inc?
The Cookeville First United Methodist Church Foundation Inc's mission is centered around aiding and supporting the programs, ministry, works, goals, objectives, and initiatives of the Cookeville First United Methodist Church. This support is aimed at fostering the church's growth and development in various areas. As per the provided data, the foundation contributed $31,250 to the church to provide a housing allowance for the pastor, indicating their commitment to the church's leadership as well.
Who is the CEO of Cookeville First United Methodist Church Foundation Inc?
Bob Luna is the President/Chairperson of Cookeville First United Methodist Church Foundation Inc.
What is the revenue of Cookeville First United Methodist Church Foundation Inc?
Cookeville First United Methodist Church Foundation Inc's revenue in 2022 was $26,595.
Who are the executives of Cookeville First United Methodist Church Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Cookeville First United Methodist Church Foundation Inc?
Cookeville First United Methodist Church Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cookeville First United Methodist Church Foundation Inc
Cookeville First United Methodist Church Foundation Inc is a organization dedicated to supporting the programs, ministry, works, goals, objectives, and initiatives of the Cookeville First United Methodist Church. Its mission is to aid and assist this church in achieving its various objectives and goals. The foundation contributes financially to the church, as demonstrated by its donation of $31,250 to provide a housing allowance for the church's pastor. This financial support is likely used to fund various church programs, ministries, and initiatives, helping the church in its mission to serve its community.
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Impact
October, 2024
Cookeville First United Methodist Church Foundation Inc significantly enhances the community by actively supporting the mission and initiatives of the Cookeville First United Methodist Church. A notable impact includes the contribution of $31,250 to provide a housing allowance for the pastor, which directly supports the church's leadership and stability. This financial assistance enables the church to focus on its programs, ministry efforts, and community outreach, ultimately fostering a stronger, more vibrant congregation and enhancing the spiritual and social welfare of the community in Cookeville, TN. Through these efforts, the foundation plays a vital role in sustaining and advancing the church's objectives, benefiting both the congregation and the wider community.
This information is meant to be a general summary of Cookeville First United Methodist Church 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,495
- Gross Receipts: $26,595
Assets and Liabilities:
- Total Assets: $954,815
- Total Liabilities: $0
- Net Assets: $954,815
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Organization Details
Founding Year
2009
Phone
(931) 526-2177Principal Officer
Bob Luna
Main Address
165 E BROAD ST, COOKEVILLE, TN, 38501
NTEE Category
Code: X112 - Religion related
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