Overview
What is Herschel N & Lula M Bunnell Memorial Tr?
Herschel N & Lula M Bunnell Memorial Trust is a charitable organization situated in Lebanon, Ohio. It is dedicated to philanthropy, volunteering, and grantmaking across various sectors, exhibiting a broad scope of activities. The trust generated an annual revenue of $1.2 million last year, demonstrating its significant impact. The primary focus of the organization is to support the Lebanon United Methodist Church, channeling its resources towards this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Herschel N & Lula M Bunnell Memorial Trust has a mixed performance according to its rating. The organization has shown commendable practices with an accountability and finance score of 73, including a strong program expense ratio of 85.09%. The board is fully independent, indicating good governance, which is reflected in the perfect scores for board member independence and size.
However, significant areas for improvement are noted, particularly in governance policies. The organization lacks essential documents such as a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which received zero scores. Additionally, the trust's website is not listed on its tax form, which raises transparency concerns. Overall, while the trust exhibits strengths in financial management and governance structure, addressing its missing policies could enhance its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Herschel N & Lula M Bunnell Memorial Tr legitimate?
Herschel N & Lula M Bunnell Memorial Tr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Herschel N & Lula M Bunnell Memorial Tr 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: $12,608
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Herschel N & Lula M Bunnell Memorial Tr?
The Herschel N & Lula M Bunnell Memorial Trust is involved in philanthropic activities, volunteering, and grantmaking, focusing on areas of general interest. Its primary objective is to provide support to various causes, demonstrating a commitment to charitable giving and community involvement. The trust generates substantial revenues annually, as indicated by its $1,206,119 income last year. However, the mission statement specifically regarding the nature or focus of the support it provides was not provided in the information.
Who is the CEO of Herschel N & Lula M Bunnell Memorial Tr?
Unavailable
What is the revenue of Herschel N & Lula M Bunnell Memorial Tr?
Herschel N & Lula M Bunnell Memorial Tr's revenue in 2022 was $161,000.
Who are the executives of Herschel N & Lula M Bunnell Memorial Tr and what are their salaries?
There is 1 key member and their salary:
- Compensation: $12,608
- Related: $0
- Other: $0
Where can I find the form 990 for Herschel N & Lula M Bunnell Memorial Tr?
Herschel N & Lula M Bunnell Memorial Tr's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Herschel N & Lula M Bunnell Memorial Tr
The Herschel N & Lula M Bunnell Memorial Trust actively engages in philanthropy, voluntarism, and grantmaking, operating on a foundation of general nature. This nonprofit organization's mission is to support the Lebanon United Methodist Church, although specific details about how this support is provided are not provided in the given information. The Trust generated a total revenue of $1,206,119 last year, showcasing its financial commitment to its cause. While the focus of its support is not specified, it is clear that the Herschel N & Lula M Bunnell Memorial Trust is dedicated to making a positive impact through its philanthropic activities.
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Impact
October, 2024
The Herschel N & Lula M Bunnell Memorial Trust plays a significant role in supporting the Lebanon United Methodist Church and fostering community engagement in Lebanon, OH. By generating over $1.2 million in total revenues last year, the Trust sustains its philanthropic initiatives that directly benefit local congregational activities and outreach programs. This financial support enables the church to enhance its services, provide resources for community members, and initiate various programs that address the needs of the local population.
Through its grantmaking efforts, the Trust not only ensures the continuity of essential religious and community services but also empowers local organizations to thrive. Its commitment to voluntarism and philanthropy fosters a culture of giving and collaboration, which strengthens community ties and supports the broader mission of serving the Lebanon area. The Trust's impact is felt through its contributions to spiritual growth, community cohesion, and the provision of vital support to those in need.
This information is meant to be a general summary of Herschel N & Lula M Bunnell Memorial Tr. 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: $161,000
- Gross Receipts: $991,024
Assets and Liabilities:
- Total Assets: $1,753,028
- Total Liabilities: $0
- Net Assets: $1,753,028
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Organization Details
Founding Year
1981
Phone
(513) 932-1414Main Address
PO BOX 59, LEBANON, OH, 45036
NTEE Category
Code: T00 - Philanthropy
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