Overview
What is Granger Church Endowment Fund Inc?
Granger Church Endowment Fund Inc is a nonprofit organization situated in Sharon Center, Ohio. Their primary mission revolves around generating investment income, which they then utilize to grant funds for various purposes. These purposes may include the procurement of essential items such as computer equipment, supporting local missions and mission trips, or offering scholarships for academic assistance. The grants are primarily aimed at enhancing the organization's operations and serving the community at large.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Granger Church Endowment Fund Inc has earned an 80% score from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization's high score is calculated entirely from its accountability metrics, indicating a solid framework for financial management and transparency. This rating signifies that the charity is effectively utilizing its resources and maintaining a high standard of governance.
The nonprofit boasts a fully independent board with nine members, ensuring that decision-making is free from conflicts of interest. It has demonstrated exemplary practices in its financial operations, evidenced by a perfect program expense ratio of 100%, indicating that all funds are directed towards its mission-driven programs. Additionally, the organization has no liabilities, which further reinforces its financial stability and reliability.
While the accountability and finance score is commendable, the overall rating is derived from a single beacon score, which may limit the assessment of other potential areas of impact or effectiveness. Nevertheless, the Granger Church Endowment Fund Inc appears to be a well-managed organization with a focus on responsible stewardship of its resources, making it a worthy consideration for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Granger Church Endowment Fund Inc legitimate?
Granger Church Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Granger Church Endowment Fund 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 Granger Church Endowment Fund Inc?
The Granger Church Endowment Fund Inc's mission is centered around generating income, which is then utilized for granting and awarding purposes. This income supports various capital needs, such as acquiring computer equipment, funding local missions and missions trips, and providing scholarships for higher education and academic support. The organization's primary objective is to utilize its endowments to make a difference in these areas.
Who is the CEO of Granger Church Endowment Fund Inc?
Joseph Denardi is the Chairperson of Granger Church Endowment Fund Inc.
What is the revenue of Granger Church Endowment Fund Inc?
Granger Church Endowment Fund Inc's revenue in 2022 was $23,388.
Who are the executives of Granger Church Endowment Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Granger Church Endowment Fund Inc?
Granger Church Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Granger Church Endowment Fund Inc
Granger Church Endowment Fund Inc is committed to the mission of generating income through endowments. This nonprofit organization utilizes investment income to fund various grants and awards. The grants provided by Granger Church Endowment Fund Inc support a range of initiatives, including the acquisition of capital items such as computer equipment, contributions to local missions and missions trips, and scholarships for academic support in the realm of higher education. By focusing on this mission, Granger Church Endowment Fund Inc aims to make a significant impact in its community and beyond, providing financial assistance to initiatives and individuals in need.
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Impact
October, 2024
Granger Church Endowment Fund Inc significantly impacts its community by generating crucial income for grants and awards. Through strategic investments, it supports vital initiatives such as the acquisition of computer equipment, funding local missions, and facilitating missions trips. Additionally, it provides scholarships that enhance college academic support for students, thereby fostering educational growth and opportunity. Operating from Sharon Center, OH, its commitment to endowments not only aids in the immediate needs of the community but also ensures sustained financial support for future endeavors, ultimately enriching the lives of individuals and strengthening the community as a whole.
This information is meant to be a general summary of Granger Church Endowment Fund 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: $23,382
- Gross Receipts: $23,388
Assets and Liabilities:
- Total Assets: $791,752
- Total Liabilities: $0
- Net Assets: $791,752
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Organization Details
Founding Year
1986
Phone
(330) 239-2519Principal Officer
Joseph Denardi
Main Address
PO Box 601, Sharon Center, OH, 44274
NTEE Category
Code: B82 - Education
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