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The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust

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

EIN: 456721810 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust?

The Church of Jesus Christ of Latter-Day Saints Chicago First Ward Trust is a nonprofit organization, primarily serving members of the church residing in the Chicago 1st Ward's geographic area. Its primary mission is to provide assistance in various forms, including education, training, and medical resources, as deemed necessary by their committee. To accomplish this, they organize and facilitate educational and social activities that cater to the needs of these LDS members. The trust aims to empower and support its community members, ensuring they have access to essential resources for their well-being.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The rating reflects a mixed performance in terms of accountability and financial health. While the organization has strengths in maintaining a fully independent board and a strong program expense ratio, which indicates that all funds are directed towards programs, there are notable weaknesses in essential governance and transparency policies.

The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust has achieved a perfect score in areas such as liabilities to assets ratio and the documentation of board meeting minutes. However, the absence of listed policies regarding conflicts of interest, whistleblower protections, and document retention raises concerns about governance practices. Additionally, the nonprofit's website is not listed on its tax form, which detracts from accessibility and transparency.

Overall, while the organization shows effective financial management and accountability in certain areas, the lack of crucial governance documents and website accessibility indicates room for improvement. Addressing these limitations could enhance its credibility and effectiveness in serving its community.


This AI summary has been generated from information found on Charity Navigator.

Is The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust legitimate?

The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward 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 The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust?

The mission of The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust is to aid members of the Church of Jesus Christ of Latter Day Saints within its jurisdiction by providing resources for education, training, and medical needs. The committee overseeing the trust has the authority to determine what additional resources are necessary to support the LDS members in their geographic area, extending to educational, medical, and social activities. The trust's purpose is to contribute to the well-being and growth of its LDS community members, ensuring they have the necessary support to thrive.

Who is the CEO of The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust?

Kristin Kutter is the Chairman of The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust.

What is the revenue of The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust?

The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust's revenue in 2021 was $50,327.

Who are the executives of The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust and what are their salaries?


Here are 4 key members and their salaries:


Kristin Kutter (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael P Schulz (Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah A Ostvig (Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tirza Alverado-Villagomez (Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust?

The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward Trust

The Church of Jesus Christ of Latter-Day Saints Chicago First Ward Trust is committed to aiding members of its religious community living within its designated geographic area. This nonprofit organization's mission is to provide assistance in various domains, including education, training, and medical support. The committee overseeing the trust has the authority to determine if any additional resources are necessary to help the LDS members in need. The trust's activities are geared towards enhancing the lives of these individuals, providing them with essential educational opportunities, medical care, and social support.

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Impact




August, 2024

The impact of The Church of Jesus Christ of Latter-Day Saints Chicago First Ward Trust is significant in assisting LDS members living in the trust's geographic area with educational, medical, and social activities. By providing resources for education, training, and medical needs, the trust plays a crucial role in supporting the well-being and development of Church members in the Chicago 1st Ward. Additionally, the trust helps foster a sense of community and support among its members, enhancing their overall quality of life and spiritual growth. Through its dedication to serving the needs of its members, the trust contributes to strengthening the local LDS community in Chicago, Illinois.




This information is meant to be a general summary of The Church Of Jesus Christ Of Latter-Day Saints Chicago First Ward 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.

Revenue
$50,327 (2021)
Expenses
$50,586 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $50,327
  • Gross Receipts: $55,674

Assets and Liabilities:

  • Total Assets: $933,621
  • Total Liabilities: $0
  • Net Assets: $933,621

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Organization Details

Founding Year

2010

Principal Officer

Kristin Kutter

Main Address

5046 North Melvina, Chicago, IL, 60630

NTEE Category

Code: X20 - Religion related

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