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Verna M Mayer Trust Fbo Bethlehem

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 386822356 ✦ Detroit, MI ✦ Designated as a 501(c)(3)

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Overview

What is Verna M Mayer Trust Fbo Bethlehem?

Verna M Mayer Trust Fbo Bethlehem is a perpetual trust established to support Bethlehem Lutheran Church or its successor. This trust, based in Detroit, Michigan, operates under the guidance of a trustee who distributes its income to the church or to organizations and programs affiliated with Bethlehem Lutheran Church. The primary objective of this trust is to contribute to the ongoing mission and activities of the church, ensuring its continuity and impact in the community.

Is Verna M Mayer Trust Fbo Bethlehem legitimate?

Verna M Mayer Trust Fbo Bethlehem is a legitimate nonprofit organization registered as a 501(c)(3) entity. Verna M Mayer Trust Fbo Bethlehem 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: $3,606
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Verna M Mayer Trust Fbo Bethlehem?

The Verna M Mayer Trust, associated with Bethlehem Lutheran Church or its successor, is designed to operate indefinitely. Its primary purpose is to provide financial support to Bethlehem Lutheran Church or organizations and programs endorsed or sponsored by this church. The income generated from the trust is distributed according to the discretion of the trustee, with the aim of aiding the church or its affiliated initiatives.

Who is the CEO of Verna M Mayer Trust Fbo Bethlehem?

Comerica Bank is the Principal Officer of Verna M Mayer Trust Fbo Bethlehem.

What is the revenue of Verna M Mayer Trust Fbo Bethlehem?

Verna M Mayer Trust Fbo Bethlehem's revenue in 2022 was -$1,996.

Who are the executives of Verna M Mayer Trust Fbo Bethlehem and what are their salaries?


Here are 3 key members and their salaries:


Greg Rahe (Co Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Sandbrink (Co Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Comerica Bank (Co Trustee)
  • Compensation: $3,606
  • Related: $0
  • Other: $0
Where can I find the form 990 for Verna M Mayer Trust Fbo Bethlehem?

Verna M Mayer Trust Fbo Bethlehem's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Verna M Mayer Trust Fbo Bethlehem

Verna M Mayer Trust Fbo Bethlehem is a perpetual trust established with the primary objective of supporting Bethlehem Lutheran Church or any successor institution. The mission of this trust is to ensure its income is distributed to either the church or organizations and programs directly sponsored or backed by Bethlehem Lutheran Church. By doing so, the trust aims to contribute to the church's ongoing activities and initiatives. This support may take various forms, allowing the church to continue its work and make a positive impact in the community.

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Impact




October, 2024

The Verna M Mayer Trust plays a significant role in sustaining and enriching the activities of Bethlehem Lutheran Church and its affiliated programs. With a commitment to support this church in perpetuity, the trust ensures a reliable source of funding that can be directed toward the church's operational needs, community outreach efforts, and various initiatives that align with its mission.

By distributing its net income to Bethlehem Lutheran Church and potentially to related organizations and programs, the trust fosters a sense of continuity and stability for the congregation. This financial support enables the church to engage more deeply with the community, provide essential services, and expand its reach, thereby enhancing the overall impact of its ministry.

The trust's contributions are vital in empowering the church to address both spiritual and social needs within the Detroit area, ensuring that it remains an active and resilient presence in the lives of its members and the wider community. Through these efforts, the Verna M Mayer Trust reinforces the church's mission and supports its long-term sustainability.




This information is meant to be a general summary of Verna M Mayer Trust Fbo Bethlehem. 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.

Revenue
-$1,996 (2022)
Expenses
$65,970 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$1,996
  • Gross Receipts: $234,164

Assets and Liabilities:

  • Total Assets: $407,620
  • Total Liabilities: $0
  • Net Assets: $407,620

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Organization Details

Founding Year

1999

Principal Officer

Comerica Bank

Main Address

PO BOX 75000, DETROIT, MI, 482757874

NTEE Category

Code: X112 - Religion related

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