Overview
What is Christ Presbyterian Church Endow?
Christ Presbyterian Church Endow is a charitable trust, established in 1947, with KeyBank NA serving as the trustee. Based in Brooklyn, Ohio, the primary purpose of this endowment is to distribute its annual income to Christ United Presbyterian Church, a tax-exempt organization. The funds from the endowment are intended for supporting the church's current expenses, benevolences, and other religious, educational, or benevolent activities. The trust agreement of 1947 outlines the guidelines for these distributions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Christ Presbyterian Church Endow has received a low score of 53% from Charity Navigator, which indicates concerns surrounding its accountability and financial practices. The absence of independent board members and missing key policies such as conflict of interest and whistleblower policies have significantly impacted its rating. Additionally, the organization's website is not listed on the tax form, further contributing to transparency issues.
Despite these weaknesses, the organization does show strong program expense management, with an impressive program expense ratio of 87.85%. This suggests that a significant portion of its resources is allocated towards its programs rather than administrative costs. However, the overall lack of governance protocols and independent oversight raises questions about its operational integrity.
In summary, while Christ Presbyterian Church Endow demonstrates effectiveness in utilizing funds for its programs, the substantial gaps in governance and transparency are critical areas that need immediate attention. Potential donors and supporters may want to consider these factors before engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Christ Presbyterian Church Endow legitimate?
Christ Presbyterian Church Endow is a legitimate nonprofit organization registered as a 501(c)(3) entity. Christ Presbyterian Church Endow 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: $22,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Christ Presbyterian Church Endow?
The Christ Presbyterian Church Endow follows a mission outlined in a trust agreement dated May 5, 1947. KeyBank NA serves as the trustee. The primary objective of the endowment is to provide funds to the Christ Presbyterian Church for various expenses and benevolent purposes. These purposes include religious, educational, and charitable activities. The income generated from the endowment is distributed annually to the Christ United Presbyterian Church, a tax-exempt organization. The funds are intended to support the church's current operations and benevolent activities. In essence, the Christ Presbyterian Church Endow aims to contribute financially to the church's religious, educational, and benevolent endeavors.
Who is the CEO of Christ Presbyterian Church Endow?
Unavailable
What is the revenue of Christ Presbyterian Church Endow?
Christ Presbyterian Church Endow's revenue in 2022 was $176,872.
Who are the executives of Christ Presbyterian Church Endow and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $22,890
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Christ Presbyterian Church Endow?
Christ Presbyterian Church Endow's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Christ Presbyterian Church Endow
Christ Presbyterian Church Endow, as per the trust agreement dated May 5, 1947, serves as a trustee managed by KeyBank NA. The primary mission of this endowment is to distribute its annual income to Christ United Presbyterian Church, a tax-exempt organization. This distribution is intended for the church's current expenses, benevolences, and other suitable purposes within the realms of religion, education, and benevolence. In essence, the Christ Presbyterian Church Endow is committed to supporting its affiliated church and contributing to causes that align with religious, educational, and charitable values.
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Impact
October, 2024
Christ Presbyterian Church Endow significantly impacts the community by providing essential funding to Christ United Presbyterian Church, enabling them to support various religious, educational, and benevolent initiatives. Established through a trust agreement in 1947, the endowment ensures that the church can manage current expenses and extend its outreach efforts effectively. The financial assistance assists in maintaining the church's operations while also facilitating charitable activities that benefit those in need. Through these distributions, the endowment plays a crucial role in promoting spiritual growth and community well-being in Brooklyn, OH.
This information is meant to be a general summary of Christ Presbyterian Church Endow. 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: $174,929
- Gross Receipts: $656,923
Assets and Liabilities:
- Total Assets: $2,486,969
- Total Liabilities: $0
- Net Assets: $2,486,969
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Organization Details
Founding Year
1947
Phone
(330) 489-5427Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: X20 - Religion related
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