Overview
What is Kurr Family Fund?
The Kurr Family Fund is a philanthropic entity based in Mansfield, Pennsylvania, with the address 15 South Main Street. Its primary function is to distribute income to support the day-to-day operations and various expenses of the Salem Evangelical Lutheran Church of Bethel, Pennsylvania. The Fund's activities are geared towards investing its assets to sustain the church's operations and cover its general budget expenses.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Kurr Family Fund currently holds a low rating of 53%, reflecting significant concerns in its accountability and finance practices. The overall score is derived entirely from this category, highlighting a lack of independent board members and missing key governance policies, which raises questions about its operational transparency.
Despite these shortcomings, the fund does demonstrate some strengths, such as a strong program expense ratio of 69.81%, indicating that a substantial portion of its funds is directed towards its programs. Additionally, there are no reported material diversions of assets, presenting a positive aspect regarding financial integrity.
However, the absence of essential policies like conflict of interest, whistleblower, and document retention policies, along with a missing website listing on the tax form, indicates significant governance issues. Stakeholders and potential donors may want to consider these factors when evaluating the organization's operational effectiveness and commitment to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Kurr Family Fund legitimate?
Kurr Family Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kurr Family Fund 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
For more financial information, click here
What is the mission statement of Kurr Family Fund?
The Kurr Family Fund's mission is to utilize its assets to finance the continuous operational expenses and general budget needs of a church. By doing so, it contributes to the church's overall functioning and upkeep. This investment serves to support the church's ongoing activities and various expenditures. In essence, the Kurr Family Fund plays a crucial role in sustaining the church's day-to-day operations.
Who is the CEO of Kurr Family Fund?
First Citizens Community Bank is the Trustee of Kurr Family Fund.
What is the revenue of Kurr Family Fund?
Kurr Family Fund's revenue in 2022 was $20,861.
Who are the executives of Kurr Family Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,913
- Related: $0
- Other: $0
Where can I find the form 990 for Kurr Family Fund?
Kurr Family Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kurr Family Fund
The Kurr Family Fund is committed to investing its assets with the primary goal of funding the ongoing operations and general budget expenses of the Salem Evangelical Lutheran Church of Bethel, PA. Through this investment strategy, the fund aims to contribute to the church's operational sustainability and financial wellbeing. The Kurr Family Fund serves as a crucial financial resource, enabling the church to carry out its religious and community activities effectively.
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Impact
October, 2024
The Kurr Family Fund plays a vital role in sustaining the Salem Evangelical Lutheran Church of Bethel, PA, by strategically investing assets to support its ongoing operations and budgetary needs. The financial resources provided by the fund ensure that the church can effectively carry out its mission, meet community needs, and maintain its role as a central hub for worship and connection in Bethel. Through consistent income distribution, the Kurr Family Fund enables the church to focus on its programs and services, fostering a supportive environment for its congregation and the wider community. Overall, the fund's impact is one of stability and growth, allowing the church to thrive and fulfill its purpose.
This information is meant to be a general summary of Kurr Family Fund. 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: $20,861
- Gross Receipts: $162,139
Assets and Liabilities:
- Total Assets: $698,031
- Total Liabilities: $0
- Net Assets: $698,031
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Organization Details
Founding Year
1999
Phone
(570) 662-0463Principal Officer
First Citizens Community Bank
Main Address
15 SOUTH MAIN STREET, MANSFIELD, PA, 16933
NTEE Category
Code: T11 - Philanthropy
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