Overview
What is Kloppe Charitable Trust?
Kloppe Charitable Trust is a nonprofit organization situated in New Berlin, Illinois. Its primary mission is threefold: advocating for education, providing aid to those in need, and promoting Christian teachings. The organization primarily channels its resources to the Lutheran Church-Missouri Synod, with a focus on foreign missionary work. This support encompasses various aspects, including but not limited to educational initiatives and alleviating poverty in international communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Star Rating)
The Kloppe Charitable Trust has received a two-star rating from Charity Navigator, indicating some areas of concern regarding its accountability and financial practices. The charity scored 63% overall, with a strong emphasis on having a majority independent board, which is crucial for governance.
Strengths include a notable program expense ratio of 100%, demonstrating that all funds are directed towards its charitable programs. Additionally, the organization has no material diversion of assets, ensuring that its resources are appropriately utilized. However, there are significant weaknesses, such as the lack of essential policies including a conflict of interest, whistleblower, and a document retention policy.
The trust's independent board size is notably small, with only one member, which raises concerns about its governance. Moreover, critical documentation such as its website and tax forms are missing, which further impacts transparency and accountability. Overall, while there are strengths in program focus and asset management, the Kloppe Charitable Trust needs to improve its governance and transparency practices to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Kloppe Charitable Trust legitimate?
Kloppe Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kloppe 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: $10,193
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kloppe Charitable Trust?
The Kloppe Charitable Trust is dedicated to three main objectives. Primarily, it focuses on providing educational resources. Secondly, it extends its reach to assist individuals in need, specifically those who are economically disadvantaged. Lastly, it plays a role in spreading the teachings of Christianity, known as the promulgation of Christian doctrine. The trust allocates funds primarily for these purposes, specifically directing them towards the foreign missionary field through the Lutheran Church-Missouri Synod.
Who is the CEO of Kloppe Charitable Trust?
Warren-Boynton State Bank is the Trustee of Kloppe Charitable Trust.
What is the revenue of Kloppe Charitable Trust?
Kloppe Charitable Trust's revenue in 2022 was $21,286.
Who are the executives of Kloppe Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $10,193
- Related: $0
- Other: $0
Where can I find the form 990 for Kloppe Charitable Trust?
Kloppe Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kloppe Charitable Trust
Kloppe Charitable Trust, as a nonprofit entity, is dedicated to three primary objectives. It seeks to promote education, provide aid to those in need, and disseminate Christian doctrine. The trust's mission is to allocate funds primarily towards foreign missionary work, associated with the Lutheran Church-Missouri Synod. The organization's efforts in education aim to enhance knowledge and skills, while its commitment to assisting the poor reflects a concern for alleviating poverty and improving living conditions. Furthermore, the promulgation of Christian doctrine is a key aspect of Kloppe Charitable Trust's mission, as it seeks to spread beliefs and teachings of Christianity around the world.
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Impact
October, 2024
Kloppe Charitable Trust significantly contributes to education, assistance for the poor, and the spread of Christian doctrine. By allocating funds primarily to the Lutheran Church-Missouri Synod, the trust empowers initiatives focused on foreign missionary work. This support not only enhances educational opportunities in underserved regions but also provides critical resources for impoverished communities. Furthermore, the trust's dedication to promoting Christian teachings fosters spiritual growth and community development. The combined efforts aimed at uplifting individuals and spreading the message of faith create a lasting positive impact in various communities around the world.
This information is meant to be a general summary of Kloppe 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: $21,286
- Gross Receipts: $97,140
Assets and Liabilities:
- Total Assets: $781,887
- Total Liabilities: $14,345
- Net Assets: $767,542
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Organization Details
Phone
(217) 488-6091Principal Officer
Warren-Boynton State Bank
Main Address
702 W Illinois Street PO Box 19, New Berlin, IL, 62670
NTEE Category
Code: T99Z - Philanthropy
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