Overview
What is Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers?
Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers is a philanthropic organization situated in Wisconsin Rapids, Wisconsin. As a grantmaking foundation of a broad scope, it primarily focuses on distributing funds to eligible charitable beneficiaries. This nonprofit organization operates on the principles of philanthropy, voluntarism, and grantmaking, and is dedicated to supporting various causes within its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers has received a low rating primarily due to deficiencies in accountability and finance practices. With a score of only 53%, the organization falls short in critical areas such as board independence, conflict of interest policies, and transparency regarding financial documents. These gaps indicate potential concerns regarding governance and oversight.
Despite these shortcomings, the organization does have a commendable program expense ratio of 70.15%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. However, the absence of independent board members raises questions about the effectiveness of oversight in financial decision-making.
Overall, while the charity appears to allocate a substantial amount of its resources to programming, the lack of essential policies and independent governance structures may affect its credibility and public trust. Potential donors and supporters should consider these factors when evaluating the organization's overall impact and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers legitimate?
Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers 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: $19,693
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 Opportunity Dev Centers?
The Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers serves as a philanthropic organization, focusing on distributing funds to charitable beneficiaries. It operates as a grantmaking foundation of a general nature, promoting voluntarism and charitable activities. The trust's mission is to allocate its income towards supporting various charitable causes, contributing to the betterment of numerous beneficiaries. It functions as an entity dedicated to philanthropy, providing financial assistance to deserving organizations and causes.
Who is the CEO of Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers?
Woodtrust Bank is the Trustee of Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers.
What is the revenue of Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers?
Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers's revenue in 2022 was $32,872.
Who are the executives of Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers and what are their salaries?
There is 1 key member and their salary:
- Compensation: $19,693
- Related: $0
- Other: $0
Where can I find the form 990 for Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers?
Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers'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 Opportunity Dev Centers
Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers is a philanthropic organization that operates as a grantmaking foundation, focusing on voluntarism. Its primary mission is to distribute income for charitable purposes, serving as a benefactor to various causes. This nonprofit organization is dedicated to funding programs that contribute positively to the community, demonstrating a commitment to charitable giving. It operates with a general nature, meaning it supports a wide range of causes, making it a versatile and inclusive contributor to the social landscape.
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Impact
October, 2024
The Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers plays a significant role in enhancing community welfare through its commitment to funding charitable beneficiaries. By distributing all of its income, the trust actively supports various programs aimed at improving opportunities for individuals and families in need. Located in Wisconsin Rapids, WI, this foundation facilitates philanthropy and grantmaking that directly impacts the local community, providing essential resources and support to enhance social development and access to services. Through its initiatives, the trust contributes to a more equitable society, helping to empower individuals and foster positive change in the communities it serves.
This information is meant to be a general summary of Leonard & Lillian Bethke Memorial Trust F/B/O Opportunity Dev Centers. 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: $32,872
- Gross Receipts: $154,151
Assets and Liabilities:
- Total Assets: $1,251,467
- Total Liabilities: $0
- Net Assets: $1,251,467
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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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