Overview
What is Conservative Mennonite Financial?
Conservative Mennonite Financial is a nonprofit organization situated in Lebanon, Pennsylvania. It extends loans to young individuals within the Conservative Mennonite Church community, aiding them in purchasing homes, farms, or securing financing for business ventures. This program borrows funds from members of the Conservative Mennonite Church and re-lends them at a low interest rate. The primary objective is to preserve and uphold the religious beliefs, cultural traditions, and lifestyle of the Conservative Mennonite Church, while simultaneously enabling young Mennonite individuals to establish themselves within this community.
Is Conservative Mennonite Financial legitimate?
Conservative Mennonite Financial is a legitimate nonprofit organization registered as a 501(c)(3) entity. Conservative Mennonite Financial 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.
Here are some key statistics you may want to consider:
Executive Compensation: $14,017
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Mission Statement of Conservative Mennonite Financial
Conservative Mennonite Financial, a program within the Conservative Mennonite Church, collects funds from its members to offer low-interest loans to young individuals in the community who share the same religious beliefs, cultural traditions, and lifestyle. The primary objective of this program is twofold: firstly, to preserve and uphold the religious beliefs and cultural heritage of the Conservative Mennonite Church; secondly, to assist young Mennonite individuals in establishing themselves within this community. By providing financial assistance at reasonable rates, Conservative Mennonite Financial facilitates the integration of young members into the community, thereby fostering the continuation of the Conservative Mennonite Church's values and customs.
Impact
This information is meant to be a general summary of Conservative Mennonite Financial. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Conservative Mennonite Financial's impact lies in its ability to support and empower young Mennonite individuals within the community. By borrowing funds from members of the Conservative Mennonite Church and re-lending at low interest rates, the program facilitates the acquisition of homes, farms, and other business-related financing needs for young Mennonites. This enables them to establish themselves within the Conservative Mennonite community, preserving religious beliefs, cultural traditions, and lifestyle. Through these financial opportunities, Conservative Mennonite Financial plays a crucial role in sustaining and strengthening the fabric of the Conservative Mennonite Church community in Lebanon, PA.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - LOANS
Revenue
$1,227,714
Organization Details
Founding Year
2012
Phone
(610) 286-7051
Principal Officer
Glenn M Zimmerman
Main Address
1475 COLEBROOK RD, LEBANON, PA, 17042
NTEE Category
Code: W99 - Public benefit
If you are a representative of Conservative Mennonite Financial and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.