Overview
What is Trinity Lutheran Church Endowment Foundation Inc?
Trinity Lutheran Church Endowment Foundation Inc is a nonprofit organization situated in Rapid City, South Dakota, with a specific mission. It accepts donations, grants, devises, or bequeaths of money and property, both real and personal, to invest and reinvest them in various forms of investments, including real estate, bonds, mortgages, stocks, and other investments. The primary purpose of this foundation is to generate income that is then utilized for the benefit and maintenance of Trinity Lutheran Church in Rapid City, South Dakota. The foundation's activities are centered around managing its investments to support the church's needs.
Is Trinity Lutheran Church Endowment Foundation Inc legitimate?
Trinity Lutheran Church Endowment Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Lutheran Church Endowment Foundation 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.
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What is the mission statement of Trinity Lutheran Church Endowment Foundation Inc?
The Trinity Lutheran Church Endowment Foundation Inc's mission is to receive financial and property donations and invest them in various forms, such as real estate, bonds, stocks, and mortgages. The primary objective is to generate income, which is then used to support and maintain Trinity Lutheran Church in a beneficiary capacity. The foundation's role is to manage and administer these investments, ensuring the financial well-being of the church.
What is the revenue of Trinity Lutheran Church Endowment Foundation Inc?
Trinity Lutheran Church Endowment Foundation Inc's revenue in 2022 was $74,138.
Who are the executives of Trinity Lutheran Church Endowment Foundation Inc and what are their salaries?
There 9 volunteers at Trinity Lutheran Church Endowment Foundation Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Trinity Lutheran Church Endowment Foundation Inc?
Trinity Lutheran Church Endowment Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity Lutheran Church Endowment Foundation Inc
Trinity Lutheran Church Endowment Foundation Inc is established with a primary mission to receive various forms of donations, including money, property, real estate, bonds, mortgages, stocks, and other investments. The foundation's objective is to invest and reinvest these donations wisely, ensuring they generate a steady income. This income is then dedicated to benefiting and maintaining Trinity Lutheran Church in Rapid City, SD. The foundation serves as a financial support system for the church, using the income derived from its investments to contribute to its upkeep and maintenance. In essence, Trinity Lutheran Church Endowment Foundation Inc acts as a financial steward, managing donations to support and enhance the well-being of Trinity Lutheran Church.
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Impact
October, 2024
Trinity Lutheran Church Endowment Foundation Inc significantly contributes to the long-term sustainability and growth of Trinity Lutheran Church in Rapid City, SD. By receiving, holding, and strategically investing various forms of property and moneys, the foundation ensures a steady stream of income. This income is dedicated to the maintenance and benefit of the church, allowing it to better serve its congregation and the community at large.
Through prudent investment in real estate, bonds, stocks, and other assets, the foundation not only preserves the financial health of the church but also enhances its capacity to engage in outreach, community service, and spiritual growth initiatives. This financial support is crucial for maintaining the church's facilities, programs, and missions, ultimately fostering a vibrant religious community. The foundation’s actions, rooted in a commitment to responsible stewardship, ensure that the church can thrive now and for future generations.
This information is meant to be a general summary of Trinity Lutheran Church Endowment Foundation 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: $13,006
- Gross Receipts: $167,408
Assets and Liabilities:
- Total Assets: $1,681,448
- Total Liabilities: $0
- Net Assets: $1,681,448
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Organization Details
Founding Year
1976
Principal Officer
Nancy Whitcher
NTEE Category
Code: X112 - Religion related
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