Overview
What is Rock Of Ages Endowment Inc?
Rock of Ages Endowment Inc is a nonprofit organization situated in McMinnville, Oregon. Its primary mission is to accumulate an endowment to provide financial support for the elderly and indigent residents residing in Rock of Ages Mennonite Home, which is managed by Bible Mennonite Fellowship Inc. program. Once the endowment's total assets surpass $500,000, grants are distributed to aid in the funding of care for these residents. This year, the organization distributed $1,800 for this purpose as the threshold was surpassed. The endowment plays a crucial role in supporting the well-being of vulnerable individuals in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Rock Of Ages Endowment Inc has received a commendable score of 87%, reflective of its strong accountability and financial health. The organization boasts a fully independent board, with 100% of its members meeting this criterion. Additionally, it maintains a perfect record in several areas, including having no material diversion of assets and a liabilities-to-assets ratio of 0.00%, which underscores its financial stability.
The charity demonstrates a strong commitment to transparency and governance, as evidenced by its comprehensive conflict of interest policy and documented board meeting minutes. Furthermore, it achieves an impressive program expense ratio of 100%, indicating that all of its expenditures are directed towards its mission-related activities, which is a positive sign for potential donors and stakeholders.
While the organization performs well in many evaluated areas, there are no specific limitations or concerns highlighted in the data. Overall, Rock Of Ages Endowment Inc appears to effectively manage its resources and uphold its accountability, making it a trustworthy choice for those looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Rock Of Ages Endowment Inc legitimate?
Rock Of Ages Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rock Of Ages Endowment 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Rock Of Ages Endowment Inc?
The mission of Rock Of Ages Endowment Inc. is to accumulate an endowment fund, which once its total assets exceed $500,000, will provide income to aid in the care of elderly and indigent residents residing at Rock of Ages Mennonite Home, a program operated by Bible Mennonite Fellowship Inc., a recognized 501(c)(3) organization. Grants from this endowment fund are initiated when the specified threshold is reached. This year, the organization disbursed $1,800 towards this purpose due to surpassing the threshold.
Who is the CEO of Rock Of Ages Endowment Inc?
Delvin Zook is the Secretary of Rock Of Ages Endowment Inc.
What is the revenue of Rock Of Ages Endowment Inc?
Rock Of Ages Endowment Inc's revenue in 2022 was $25,899.
Who are the executives of Rock Of Ages Endowment Inc and what are their salaries?
There 5 volunteers at Rock Of Ages Endowment Inc.
Here are 6 key members and their salaries:
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- Related: $114,632
- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Rock Of Ages Endowment Inc?
Rock Of Ages Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rock Of Ages Endowment Inc
Rock of Ages Endowment Inc, as a nonprofit organization, aims to accumulate an endowment base. The primary objective of this endowment is to provide funding for the care of elderly and indigent residents residing in Rock of Ages Mennonite Home, which is operated by Bible Mennonite Fellowship Inc., a recognized 501(c)(3) organization. Grants from the endowment are initiated once the total assets surpass $500,000. This year, Rock of Ages Endowment Inc distributed $1,800 for this purpose, as the threshold was surpassed. In essence, the main mission of Rock of Ages Endowment Inc is to build an endowment that will eventually contribute to the financial support of elderly and less fortunate residents, ensuring their well-being and care.
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Impact
August, 2024
Rock Of Ages Endowment Inc's impact lies in its mission to accumulate an endowment base that provides funding for the care of elderly and indigent residents at Rock of Ages Mennonite Home, operated by Bible Mennonite Fellowship Inc. This support helps ensure that those in need receive necessary care and assistance in a compassionate manner. Through the distribution of grants from the endowment, the organization is able to make a direct and meaningful impact on the lives of individuals in their community.
This information is meant to be a general summary of Rock Of Ages Endowment 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: $3,845
- Gross Receipts: $25,899
Assets and Liabilities:
- Total Assets: $566,201
- Total Liabilities: $0
- Net Assets: $566,201
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Organization Details
Founding Year
2009
Phone
(503) 472-6212Principal Officer
Delvin Zook
Main Address
15615 SW SHILO WAY, MCMINNVILLE, OR, 97128
NTEE Category
Code: L112 - Housing
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