Overview
What is Gordon Christian Trust?
Gordon Christian Trust is a nonprofit organization functioning as a Type I supporting organization to Gull Lake Ministries in Grand Rapids, Michigan (49501). They focus on making contributions to charities exempt under IRC Sections 501(C)(3) and 509(A)(1), which share similar purposes or functions with Gull Lake Ministries. The trust facilitates donations to these closely related organizations at the discretion of Gull Lake Ministries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Gordon Christian Trust has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its organizational practices. With an overall score of 70%, the Trust demonstrates some strengths, such as having a fully independent board and maintaining a favorable liabilities to assets ratio. However, the organization struggles with transparency and governance, as reflected in its low scores for financial statements and adherence to various accountability policies.
Significant weaknesses include a lack of an independent board size and failure to meet standards for conflict of interest, whistleblower, and document retention policies. Additionally, the Trust's fundraising efficiency ratio is notably low, suggesting challenges in generating and managing funds effectively. These limitations could impact the organization’s credibility and effectiveness in fulfilling its mission.
Despite these concerns, the Trust does exhibit strengths in specific financial ratios and transparency regarding board meeting minutes. However, improvements in governance practices and financial reporting are essential for enhancing its overall accountability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Gordon Christian Trust legitimate?
Gordon Christian Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gordon Christian 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Gordon Christian Trust?
The Gordon Christian Trust functions as a Type I supporting organization, channeling contributions to organizations with tax-exempt status under IRC Sections 501(C)(3) and 509(A)(1). These organizations share a close connection with Gull Lake Ministries in terms of purpose or function. The Gordon Christian Trust facilitates donations to these charities, furthering their cause and mission. By doing so, it supports the broader mission of Gull Lake Ministries. The trust's initiatives align with its role as a supporter, directing resources to organizations that make a significant impact.
Who is the CEO of Gordon Christian Trust?
Joyce Williams is the Top Financial Official of Gordon Christian Trust.
What is the revenue of Gordon Christian Trust?
Gordon Christian Trust's revenue in 2022 was $15,652,595.
Who are the executives of Gordon Christian Trust and what are their salaries?
There 5 volunteers at Gordon Christian Trust.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Gordon Christian Trust?
Gordon Christian Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gordon Christian Trust
The Gordon Christian Trust is a Type I supporting organization, dedicated to making contributions to organizations that align closely with the purpose and functions of Gull Lake Ministries. Established under IRC sections 501(C)(3) and 509(A)(1), the Trust channels its resources to exempt organizations that share a similar mission.
The Gordon Christian Trust serves as a philanthropic entity, extending financial support to various charitable causes. Its grants are earmarked for organizations recognized by the Internal Revenue Code for their tax-exempt status, ensuring the contributions are utilized effectively and efficiently in furtherance of their mission. By collaborating with these organizations, the Trust amplifies its impact, collectively working towards enhancing the lives of communities and individuals in need.
In essence, the Gordon Christian Trust acts as a bridge, connecting resources with deserving causes. It understands the power of collective efforts and the significance of partnering with organizations that share a common goal. Through its strategic giving, the Trust contributes to the broader mission of Gull Lake Ministries, fostering a ripple effect of positive change.
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Impact
October, 2024
Gordon Christian Trust significantly impacts the philanthropic landscape by providing essential financial support to organizations aligned with the mission of Gull Lake Ministries. Operating as a Type I supporting organization, it directs contributions to entities recognized under IRC Section 501(c)(3) and 509(a)(1), ensuring that its funding enhances initiatives that share similar purposes or functions. Located in Grand Rapids, MI, the trust plays a vital role in strengthening community collaboration and extending the reach of ministries committed to service, outreach, and personal growth. Through its targeted contributions, Gordon Christian Trust fosters an environment where closely related organizations can thrive, thereby amplifying their collective impact.
This information is meant to be a general summary of Gordon Christian 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: $652,307
- Gross Receipts: $37,361,725
Assets and Liabilities:
- Total Assets: $77,657,221
- Total Liabilities: $0
- Net Assets: $77,657,221
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Organization Details
Founding Year
1984
Phone
(616) 363-9209Principal Officer
Joyce Williams
Main Address
250 MONROE AVE NW Suite 800, GRAND RAPIDS, MI, 49501
NTEE Category
Code: T900 - Philanthropy
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