Overview
What is Woodlands Community Temple Endowment Trust?
The Woodlands Community Temple Endowment Trust is a charitable organization established with the objective of amassing funds to generate income. This income is then utilized to cover the operational expenses of Woodlands Community Temple Inc. Furthermore, the Trust provides financial aid to Woodlands Community Temple through cash grants. Although the Trust did not disburse any funds in 2021, it plans to resume this practice in 2022. The primary mission of the Trust is to support its affiliated temple by managing its financial resources effectively.
Is Woodlands Community Temple Endowment Trust legitimate?
Woodlands Community Temple Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woodlands Community Temple Endowment Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Woodlands Community Temple Endowment Trust?
The Woodlands Community Temple Endowment Trust's mission is focused on accumulating principal to generate income, ultimately subsidizing the operational expenses of Woodlands Community Temple, Inc. This financial support aims to alleviate some of the Temple's operational costs. During 2021, the Trust did not distribute cash, but it has expressed its intention to resume these distributions in 2022. The Trust also provides financial assistance to the Temple through cash grants when applicable.
Who is the CEO of Woodlands Community Temple Endowment Trust?
Richard Oren is the Trustee of Woodlands Community Temple Endowment Trust.
What is the revenue of Woodlands Community Temple Endowment Trust?
Woodlands Community Temple Endowment Trust's revenue in 2022 was $1,001.
Who are the executives of Woodlands Community Temple Endowment Trust and what are their salaries?
There 7 volunteers at Woodlands Community Temple Endowment Trust.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Woodlands Community Temple Endowment Trust?
Woodlands Community Temple Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Woodlands Community Temple Endowment Trust
The Woodlands Community Temple Endowment Trust is an organization with a mission to accumulate principal, aiming to generate income that will subsidize the operating expenses of Woodlands Community Temple, Inc. The primary objective of this trust is to gather capital and convert it into revenue, thereby supporting the financial needs of Woodlands Community Temple Inc. Additionally, the Trust intends to provide financial assistance to the temple through cash grants. Although the Trust did not distribute cash in 2021, it plans to resume these distributions in 2022. By doing so, the Woodlands Community Temple Endowment Trust plays a crucial role in supporting the ongoing operations and financial stability of Woodlands Community Temple Inc.
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Impact
October, 2024
The Woodlands Community Temple Endowment Trust plays a crucial role in sustaining the operational viability of Woodlands Community Temple, Inc. by accumulating capital to generate income. This financial strategy ensures that the temple can support its day-to-day activities and maintain its mission within the community.
By gathering resources, the Trust aims to create a stable financial foundation that subsidizes operating expenses, allowing the temple to focus on its religious and community initiatives. Additionally, the Trust is dedicated to providing financial assistance through cash grants, enhancing its support for the temple and the broader community it serves.
Even though cash distributions were not made in 2021, the Trust's commitment to resuming these grants in 2022 reflects a proactive approach to financing the temple’s operating needs. This ongoing effort impacts not just the temple but also the community it engages, fostering a space for religious expression and community support in White Plains, NY.
This information is meant to be a general summary of Woodlands Community Temple Endowment Trust. 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: $1,001
Assets and Liabilities:
- Total Assets: $512,177
- Total Liabilities: $0
- Net Assets: $512,177
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Organization Details
Founding Year
2010
Principal Officer
Richard Oren
Main Address
50 Worthington Rd, White Plains, NY, 10607
NTEE Category
Code: X112 - Religion related
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