Overview
What is Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc?
Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc is a nonprofit organization, with its administrative base in Wisconsin Rapids, Wisconsin. The primary objective of this trust is to support and maintain a designated charitable beneficiary. While specific details about the beneficiary are not provided in the given information, it is clear that the trust's mission revolves around providing financial assistance and resources to this charitable entity. The trust's income is solely dedicated to this purpose, ensuring the beneficiary's continued operation and well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (46%)
The Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc has been rated with a Zero-Star rating by Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. The organization scored 46% overall, with a particularly low score due to the absence of independent board members and several missing policies, including conflict of interest and whistleblower policies, which are critical for governance and integrity.
Despite these shortcomings, the organization demonstrates a strong program expense ratio of 64.67%, suggesting that a substantial portion of its funds is allocated towards its programs. However, the lack of transparency, as evidenced by missing website and tax form disclosures, raises concerns about the organization's operational practices and adherence to best practices in nonprofit management.
Overall, while the organization appears to be effectively utilizing its funds for programs, the glaring lack of transparency and governance issues merit caution for potential donors and stakeholders. The absence of essential policies and independent oversight could hinder the trust and effectiveness that donors expect from nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc legitimate?
Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc 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: $8,056
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc?
The Leonard & Lillian Bethke Memorial Trust, in relation to the Family Center Inc, is committed to providing maintenance and support for its designated charitable beneficiary. This is achieved by distributing all its income to the eligible charitable entity. The primary goal of the trust is to ensure the continued operation and well-being of this beneficiary, without specifying the nature or purpose of the beneficiary organization. The trust's activities are focused solely on providing financial support to its designated charitable entity.
Who is the CEO of Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc?
Woodtrust Bank is the Trustee of Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc.
What is the revenue of Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc?
Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc's revenue in 2022 was $12,236.
Who are the executives of Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $8,056
- Related: $0
- Other: $0
Where can I find the form 990 for Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc?
Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc
Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc is dedicated to maintaining and supporting its charitable beneficiary. This mission is encapsulated in the organization's activities, which involve distributing all of its income to this designated beneficiary. The Trust's primary focus is on ensuring the continuity and well-being of its chosen charity, without providing specific details about the nature of the beneficiary itself.
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Impact
October, 2024
The Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc plays a crucial role in sustaining the operations of its charitable beneficiary by providing essential financial support. By distributing all income generated, the trust ensures the maintenance and continued function of the Family Center, which likely serves the community by addressing various needs and offering services that foster well-being and support.
Through its focused mission, the trust contributes to the overall health of Wisconsin Rapids, allowing the Family Center to enhance its programs and resources. This support can lead to improved services for families, including access to education, counseling, and other vital services that strengthen community ties. By ensuring that the Family Center has the necessary funds to operate, the trust directly impacts the lives of individuals and families in the region, promoting stability and growth within the community.
This information is meant to be a general summary of Leonard & Lillian Bethke Memorial Trust F/B/O Family Center Inc. 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: $12,236
- Gross Receipts: $35,169
Assets and Liabilities:
- Total Assets: $472,331
- Total Liabilities: $0
- Net Assets: $472,331
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Organization Details
Founding Year
1996
Phone
(715) 423-6800Principal Officer
Woodtrust Bank
Main Address
WOODTRUST BANK PO BOX 8000, WISCONSIN RAPIDS, WI, 544958000
NTEE Category
Code: T50I - Philanthropy
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