Overview
What is Martha Anne Gearhart Charitable Trust?
The Martha Anne Gearhart Charitable Trust is a supporting organization, primarily focused on aiding the First Presbyterian Church of Marfa, Texas. Their role includes utilizing funds for the church's improvement, either through constructing permanent structures, renovating existing ones, or restoring existing permanent improvements. Essentially, their mission is to contribute positively to the First Presbyterian Church of Marfa, Texas, for its betterment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40% (Zero-Star out of Four Star rating)
The Martha Anne Gearhart Charitable Trust has received a low overall rating of 40%, which categorizes it as a Zero-Star charity. This rating primarily reflects concerns about its financial accountability, particularly a program expense ratio of only 27.59%, indicating that a minimal amount of funds is directed towards its programs relative to its overall expenses.
On the positive side, the organization demonstrates strong governance practices, as evidenced by its perfect scores in areas such as having a majority of independent board members and a comprehensive conflict of interest policy. The charity also records its board meeting minutes, which shows a commitment to transparency in its operations.
However, the significant concern arises from the charity's liabilities to assets ratio, reported at 0.00%. This could suggest a lack of activity or resources allocated towards fulfilling its charitable mission. Such financial indicators warrant attention from potential donors looking for effective charitable organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Martha Anne Gearhart Charitable Trust legitimate?
Martha Anne Gearhart Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martha Anne Gearhart 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Martha Anne Gearhart Charitable Trust?
The Martha Anne Gearhart Charitable Trust is primarily committed to enhancing the condition of a specific Presbyterian church. Its mission involves utilizing the trust funds for the betterment of this church. This can encompass various projects such as the construction of permanent improvements or the renovation or restoration of existing permanent improvements within the church. The trust's objective is to contribute to the overall improvement and growth of the Presbyterian church.
Who is the CEO of Martha Anne Gearhart Charitable Trust?
Martha Bumpas is the Trustee of Martha Anne Gearhart Charitable Trust.
What is the revenue of Martha Anne Gearhart Charitable Trust?
Martha Anne Gearhart Charitable Trust's revenue in 2022 was $108,779.
Who are the executives of Martha Anne Gearhart Charitable Trust and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Martha Anne Gearhart Charitable Trust?
Martha Anne Gearhart Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Martha Anne Gearhart Charitable Trust
The Martha Anne Gearhart Charitable Trust is a supporting entity with a primary mission to enhance the First Presbyterian Church of Marfa, Texas. This mission is accomplished by utilizing trust funds for the betterment of the church. Specifically, the trust will allocate funds for the construction of permanent improvements, or for the renovation or restoration of existing permanent improvements, within the church. By doing so, the Martha Anne Gearhart Charitable Trust aims to contribute to the overall improvement and development of the First Presbyterian Church of Marfa, Texas.
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Impact
October, 2024
The Martha Anne Gearhart Charitable Trust significantly enhances the community in Marfa, Texas, by supporting the First Presbyterian Church through financial assistance aimed at its development and preservation. By funding construction projects, renovations, and restorations, the Trust ensures that the church remains a vital and vibrant part of the local landscape. This commitment not only strengthens the physical infrastructure of the church but also promotes its role as a center for community activities and spiritual growth.
In doing so, the Trust contributes to the cultural and social fabric of Marfa, fostering a sense of unity and continuity within the community. The improvements made possible through the Trust's financial support help maintain the church as a welcoming space for worship, outreach, and community service, thereby enriching the lives of its members and the larger Marfa community. The Trust’s impact extends beyond mere financial support; it plays a crucial role in sustaining the church's mission and enhancing its contributions to the local society.
This information is meant to be a general summary of Martha Anne Gearhart 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: $108,779
- Gross Receipts: $704,377
Assets and Liabilities:
- Total Assets: $2,968,744
- Total Liabilities: $0
- Net Assets: $2,968,744
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Organization Details
Founding Year
2014
Phone
(432) 729-4709Principal Officer
Martha Bumpas
Main Address
P O BOX 875, MARFA, TX, 79843
NTEE Category
Code: X20 - Religion related
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