Overview
What is Leona Mary Behrent Charitable Trust?
The Leona Mary Behrent Charitable Trust is a philanthropic organization situated in Hamilton, Ohio, specifically at 300 High Street. Its primary mission is to contribute financially to the LCMS Foundation. The LCMS Foundation is then utilized to support congregations, missions, and ministries within the Lutheran Church-Missouri Synod. This nonprofit's purpose is to contribute to the General Church Extension Fund through the LCMS Foundation, aiming to contribute to the wider church community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating. The rating reflects the organization's performance in accountability and finance, indicating areas that require improvement. While the Leona Mary Behrent Charitable Trust has managed a high program expense ratio of 80.04%, demonstrating effective fund allocation towards its charitable activities, its overall score suffers from significant weaknesses in board independence and transparency.
One notable concern is that the trust has no independent board members, which raises questions about governance and oversight. Additionally, the absence of a whistleblower policy and missing documentation, such as board meeting minutes and tax forms on its website, highlight transparency issues that could affect stakeholder trust. While it is commendable that there is no material diversion of assets, the lack of independent oversight could pose risks to the charity's integrity.
On a positive note, the organization has a conflict of interest policy in place and maintains a favorable liabilities to assets ratio of 0.00%, indicating sound financial health. However, to improve its rating and public perception, the Leona Mary Behrent Charitable Trust might benefit from addressing its governance challenges and enhancing its transparency practices to foster greater accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Leona Mary Behrent Charitable Trust legitimate?
Leona Mary Behrent Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leona Mary Behrent Charitable Trust 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: $36,567
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Leona Mary Behrent Charitable Trust?
The Leona Mary Behrent Charitable Trust has a mission to support the LCMS Foundation, with the intention of benefiting the General Church Extension Fund. This support is intended for the betterment of congregations, missions, and ministries within the Lutheran Church-Missouri Synod. The trust contributes financially to the LCMS Foundation, contributing to various church-related initiatives and projects.
Who is the CEO of Leona Mary Behrent Charitable Trust?
Unavailable
What is the revenue of Leona Mary Behrent Charitable Trust?
Leona Mary Behrent Charitable Trust's revenue in 2022 was $80,550.
Who are the executives of Leona Mary Behrent Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $35,872
- Related: $0
- Other: $0
Where can I find the form 990 for Leona Mary Behrent Charitable Trust?
Leona Mary Behrent Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leona Mary Behrent Charitable Trust
The Leona Mary Behrent Charitable Trust is an organization with a mission to support the LCMS Foundation for the benefit of the General Church Extension Fund. In simpler terms, this philanthropic entity contributes financially to the LCMS Foundation, which then utilizes these funds to aid congregations, missions, and ministries within the Lutheran Church-Missouri Synod. By doing so, the Leona Mary Behrent Charitable Trust plays a significant role in advancing the cause and work of the Lutheran Church-Missouri Synod, thereby contributing to its overall growth and outreach.
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Impact
October, 2024
The Leona Mary Behrent Charitable Trust significantly impacts the Lutheran Church-Missouri Synod (LCMS) by providing essential financial support to congregations, missions, and ministries. Through contributions to the LCMS Foundation, it helps fund programs that strengthen the church's outreach and growth initiatives. This support enables local congregations to thrive, enhances mission work, and bolsters various ministries within the community, ultimately fostering spiritual growth and engagement within the Lutheran faith. Based in Hamilton, Ohio, the trust exemplifies a commitment to philanthropy that nurtures the health and vitality of the church's broader mission.
This information is meant to be a general summary of Leona Mary Behrent Charitable Trust. 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: $80,550
- Gross Receipts: $3,289,507
Assets and Liabilities:
- Total Assets: $2,327,195
- Total Liabilities: $0
- Net Assets: $2,327,195
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Organization Details
Founding Year
2000
Phone
(812) 376-1981Main Address
300 HIGH STREET, HAMILTON, OH, 45011
NTEE Category
Code: T90 - Philanthropy
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