Overview
What is Bethlehem Lutheran Foundation Fund Inc?
Bethlehem Lutheran Foundation Fund Inc is a nonprofit organization that supports Bethlehem Lutheran Church through various means. They contribute essential equipment and literature to the church and financially aid in various church projects. Additionally, the organization offers scholarships to young individuals attending religious colleges, furthering their education. The organization's mission is to support and contribute to the growth and development of Bethlehem Lutheran Church.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 10%. This nonprofit has received a Zero-Star out of Four Star rating, indicating significant concerns regarding its accountability and financial practices. The low score reflects a lack of oversight and transparency, as evidenced by the absence of an independent board and noncompliance with several essential governance policies.
The organization fails to meet critical benchmarks, such as having independent board members, a conflict of interest policy, and a whistleblower policy. Moreover, key documentation, including board meeting minutes and tax forms, is not available on their website, which significantly impacts their credibility and trustworthiness.
While the charity does not have any reported material diversions of assets and maintains a low liabilities to assets ratio, its program expense ratio of only 17.89% raises questions about the allocation of resources. Overall, the Bethlehem Lutheran Foundation Fund Inc shows serious limitations that potential donors should consider carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Bethlehem Lutheran Foundation Fund Inc legitimate?
Bethlehem Lutheran Foundation Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethlehem Lutheran Foundation 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 Bethlehem Lutheran Foundation Fund Inc?
The Bethlehem Lutheran Foundation Fund Inc's mission revolves around supporting Bethlehem Lutheran Church. This is achieved through various means, including donations of equipment, literature, and financial contributions towards church projects. Furthermore, the organization extends its support to youth by offering scholarships for their education at religious colleges. In essence, the foundation's primary objective is to reinforce and aid the church, as well as assist young individuals pursuing religious education.
Who is the CEO of Bethlehem Lutheran Foundation Fund Inc?
Dick Felstul is the President of Bethlehem Lutheran Foundation Fund Inc.
What is the revenue of Bethlehem Lutheran Foundation Fund Inc?
Bethlehem Lutheran Foundation Fund Inc's revenue in 2022 was $26,339.
Who are the executives of Bethlehem Lutheran Foundation Fund Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Bethlehem Lutheran Foundation Fund Inc?
Bethlehem Lutheran Foundation Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bethlehem Lutheran Foundation Fund Inc
Bethlehem Lutheran Foundation Fund Inc is an organization dedicated to supporting Bethlehem Lutheran Church. Its mission encompasses providing financial contributions in the form of cash and equipment, as well as literature, for various church projects. Moreover, this foundation extends its support beyond the church by offering scholarships to young individuals pursuing their education in religious colleges. By doing so, Bethlehem Lutheran Foundation Fund Inc contributes to the nurturing of future leaders in the religious community.
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Impact
October, 2024
Bethlehem Lutheran Foundation Fund Inc significantly enhances the community by providing essential support to Bethlehem Lutheran Church in Fergus Falls, MN. Their contributions include donating equipment and literature, which bolster the church’s resources and outreach efforts. They also allocate cash contributions for various church projects, ensuring that vital initiatives can be realized and sustained.
Furthermore, the foundation plays a crucial role in uplifting the youth by offering scholarships for those attending religious colleges. This investment in education aligns with their mission to encourage spiritual and academic growth, fostering a new generation of leaders within the church community. Overall, their impact resonates through strengthened church initiatives and empowered youth, cultivating a vibrant and engaged community.
This information is meant to be a general summary of Bethlehem Lutheran Foundation 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: $20,459
- Gross Receipts: $26,339
Assets and Liabilities:
- Total Assets: $603,853
- Total Liabilities: $0
- Net Assets: $603,853
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Organization Details
Phone
(218) 739-5236Principal Officer
Dick Felstul
Main Address
102 WEST JUNIUS AVE, FERGUS FALLS, MN, 56537
NTEE Category
Code: X00 - Religion related
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