Overview
What is William Vanoverloop Charitable Remainder?
William Vanoverloop Charitable Remainder is a designated charity that receives funds to support the operations of two specific entities. The first beneficiary is the Central Reformed Church, which will utilize the funds for new pew cushions, broadcasting or televising their morning service, and enhancing their general advertising budget. The second beneficiary is Hope College, specifically for the operational expenses of their chapel choir. According to the provided information, the distributions to these charities are made in accordance with the terms of the governing document, aimed at helping defray their expenses.
Is William Vanoverloop Charitable Remainder legitimate?
William Vanoverloop Charitable Remainder is a legitimate nonprofit organization registered as a 501(c)(3) entity. William Vanoverloop Charitable Remainder 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: $7,972
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of William Vanoverloop Charitable Remainder?
The William Vanoverloop Charitable Remainder has a defined mission to distribute funds to the named charities as per the terms of the governing document. This is primarily intended to help cover the expenses of these charities. Specifically, the funds allocated for Central Reformed Church are intended for new pew cushions, broadcasting or televising the morning service, and contributing to the church's general advertising budget. Additionally, the funds designated for Hope College are used exclusively for covering the operating expenses of the Hope College Chapel Choir.
Who is the CEO of William Vanoverloop Charitable Remainder?
Fifth Third Bank N A is the Trustee of William Vanoverloop Charitable Remainder.
What is the revenue of William Vanoverloop Charitable Remainder?
William Vanoverloop Charitable Remainder's revenue in 2023 was $17,606.
Who are the executives of William Vanoverloop Charitable Remainder and what are their salaries?
There is 1 key member and their salary:
- Compensation: $7,972
- Related: $0
- Other: $0
Where can I find the form 990 for William Vanoverloop Charitable Remainder?
William Vanoverloop Charitable Remainder's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of William Vanoverloop Charitable Remainder
The William Vanoverloop Charitable Remainder is designed to provide financial assistance to named charities, as outlined in its governing document. This aid is intended to help defray the expenses of these charities. Specifically, funds allocated to the Central Reformed Church are to be utilized exclusively for purchasing new pew cushions, broadcasting or telecasting the morning service, and contributing to the church's general advertising budget. Additionally, the amount designated for Hope College is earmarked solely for covering the operating expenses of the Hope College Chapel Choir. In essence, the William Vanoverloop Charitable Remainder serves as a financial lifeline to the named charities, aiding them in managing their expenses and fulfilling their respective missions.
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Impact
October, 2024
The William Vanoverloop Charitable Remainder significantly contributes to the operational sustainability of the Central Reformed Church in Cincinnati, Ohio. By providing targeted funding for specific needs such as new pew cushions, broadcasting the morning service, and supporting the church's advertising budget, it helps enhance the worship experience for congregants and the larger community. Additionally, the allocation of funds to Hope College supports the operational expenses of the Hope College Chapel Choir, fostering community engagement through music and worship. Overall, its impact revolves around strengthening the church's mission and supporting educational initiatives within the community.
This information is meant to be a general summary of William Vanoverloop Charitable Remainder. 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: $17,606
- Gross Receipts: $34,373
Assets and Liabilities:
- Total Assets: $454,398
- Total Liabilities: $0
- Net Assets: $454,398
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Organization Details
Founding Year
1984
Phone
(800) 400-0439Principal Officer
Fifth Third Bank N A
Main Address
PO BOX 630858, CINCINNATI, OH, 452630858
NTEE Category
Code: T00 - Philanthropy
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