Overview
What is Charles Simeon Trust?
Charles Simeon Trust is a nonprofit organization located in Chicago, Illinois, specifically at PO Box 15212. Their primary mission is to equip and empower promising individuals for ministry in churches. The trust focuses on providing comprehensive training to future ministers, with a goal of enabling them to deliver the Gospel effectively. Their work is centered around improving pastoral skills, aiming to strengthen the spiritual foundations of churches worldwide.
Official website here: www.simeontrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Charles Simeon Trust has received a score of 79%, which translates to a Three-Star rating based on its accountability and finance practices. This rating reflects the organization's commitment to transparency and financial health, as it is derived solely from its performance in the Accountability & Finance category. The fiscal year 2022 data shows strong governance practices, with 100% of its board members being independent.
Strengths of the organization include a low ratio of liabilities to assets (0.02%), indicating strong financial stability, and a high program expense ratio (78.72%), which suggests that a significant portion of its funds are directed toward its mission-related activities. The trust also has robust policies in place, such as a conflict of interest policy and a whistleblower policy, both of which contribute positively to its accountability.
However, while the organization demonstrates strong financial management and independence on its board, the overall Three-Star rating implies there may be room for improvement in areas that could enhance its mission impact or operational efficiency further. Thus, potential donors and stakeholders may want to consider these factors in their evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Charles Simeon Trust legitimate?
Charles Simeon Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charles Simeon 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: $65,882
Professional Fundraising Fees: $0
Other Salaries and Wages: $631,105
For more financial information, click here
Official website here: www.simeontrust.org
What is the mission statement of Charles Simeon Trust?
The Charles Simeon Trust's mission is centered around training ministers, focusing on equipping them to deliver the Gospel effectively in their respective roles. This organization is dedicated to honing the preaching skills of promising individuals, preparing them for service within churches. Their primary activity revolves around pastoral training, aiming to foster a deeper understanding and more impactful delivery of religious teachings.
Official website here: www.simeontrust.org
What is the revenue of Charles Simeon Trust?
Charles Simeon Trust's revenue in 2023 was $1,786,160.
Official website here: www.simeontrust.org
Who are the executives of Charles Simeon Trust and what are their salaries?
The average compensation at Charles Simeon Trust during 2023 was $34,849. There are 20 employees and 700 volunteers at Charles Simeon Trust.
Here are 9 key members and their salaries:
- Compensation: $53,924
- Related: $0
- Other: $10,190
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Official website here: www.simeontrust.org
Where can I find the form 990 for Charles Simeon Trust?
Charles Simeon Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.simeontrust.org
Learn more at the official website: www.simeontrust.org
Mission Statement of Charles Simeon Trust
The Charles Simeon Trust is a nonprofit organization dedicated to a significant mission. Their primary focus is on training ministers, equipping them with the necessary skills to effectively deliver the Gospel. This mission is carried out through a program known as Pastoral Training, which is designed to prepare promising individuals for service within churches. By investing in the development of ministers, the Charles Simeon Trust seeks to contribute to the growth and strength of religious communities, ultimately ensuring that the Gospel message is conveyed with clarity and impact.
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Impact
October, 2024
The Charles Simeon Trust significantly impacts the effectiveness of Gospel preaching by equipping aspiring ministers with essential training. Located in Chicago, IL, its focus on pastoral training prepares individuals for meaningful service in churches. By fostering a deeper understanding of Scripture and preaching techniques, the Trust enhances the ability of ministers to communicate biblical truths effectively, ultimately influencing congregational life and spiritual growth in various communities. This mission cultivates a generation of leaders committed to faithfully sharing the Gospel, ensuring that its message is presented with clarity and conviction.
This information is meant to be a general summary of Charles Simeon 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 2023.
- Investment Income: $49,049
- Program Service Revenue: $520,218
- Gross Receipts: $1,786,160
Assets and Liabilities:
- Total Assets: $4,206,717
- Total Liabilities: $1,134
- Net Assets: $4,205,583
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$467,959
ROOM AND BOARD
Revenue
$52,259
Organization Details
Founding Year
2001
Principal Officer
Deborah Lorentsen
Website
www.simeontrust.orgNTEE Category
Code: X112 - Religion related
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