Overview
What is First United Methodist Church Foundation Of Sioux Falls?
First United Methodist Church Foundation of Sioux Falls is a charitable institution established to expand the reach of the First United Methodist Church of Sioux Falls. Recognizing the church's potential for a wide-ranging ministry, the foundation aims to accumulate a substantial fund. This resource will be utilized to support church programs that go beyond the essential operations, contributing to the church's broader mission and goals.
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What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
The First United Methodist Church Foundation of Sioux Falls has achieved a strong 90% rating from Charity Navigator, indicating high standards in accountability and finance. This rating is significant as it reflects the organization’s commitment to transparency and responsible management of funds, which is crucial for donor trust and engagement.
Strengths of the organization include a fully independent board comprised of 12 members, adherence to conflict of interest policies, and effective documentation of board meeting minutes. The foundation also demonstrates a solid program expense ratio of 87.38%, meaning a large portion of its expenditures directly support its charitable programs, maximizing impact for its beneficiaries.
While the organization shows exemplary financial practices, the overall rating is derived solely from the Accountability & Finance beacon, which may limit insight into other operational dimensions like community engagement or program effectiveness. Nonetheless, the foundation's strong financial health and governance structures position it well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is First United Methodist Church Foundation Of Sioux Falls legitimate?
First United Methodist Church Foundation Of Sioux Falls is a legitimate nonprofit organization registered as a 501(c)(3) entity. First United Methodist Church Foundation Of Sioux Falls 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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Official website here: www.not applicable - none
What is the mission statement of First United Methodist Church Foundation Of Sioux Falls?
The First United Methodist Church Foundation of Sioux Falls aims to establish a substantial fund for supporting additional programs beyond the essential operations of the First United Methodist Church of Sioux Falls. Recognizing the broad ministry potential of a large downtown church, the foundation seeks to cover financial requirements that exceed the contributions from the current congregation. The purpose is to enhance the church's programs beyond the essentials for its operation.
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Who is the CEO of First United Methodist Church Foundation Of Sioux Falls?
Elizabeth Rezek is the Director of First United Methodist Church Foundation Of Sioux Falls.
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What is the revenue of First United Methodist Church Foundation Of Sioux Falls?
First United Methodist Church Foundation Of Sioux Falls's revenue in 2022 was $131,441.
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Who are the executives of First United Methodist Church Foundation Of Sioux Falls and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for First United Methodist Church Foundation Of Sioux Falls?
First United Methodist Church Foundation Of Sioux Falls's most recent form 990 was submitted in 2022 and can be accessed here.
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Mission Statement of First United Methodist Church Foundation Of Sioux Falls
The First United Methodist Church Foundation of Sioux Falls aims to establish a substantial fund within the foundation. This fund is intended for supporting programs beyond the essential operations of the First United Methodist Church of Sioux Falls. Recognizing the broad ministry opportunities that a large downtown church presents, the financial requirements often surpass the contributions available from the current congregation. Consequently, the foundation seeks to establish a sizable fund to augment the church's programs, focusing on initiatives that go beyond the church's essential operations.
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Impact
October, 2024
The First United Methodist Church Foundation of Sioux Falls plays a crucial role in enhancing the community's spiritual and social fabric by establishing a substantial fund dedicated to the development and support of programs that extend beyond the church's basic operational needs. Recognizing the diverse opportunities for ministry presented by a large downtown church, the foundation aims to bridge the financial gap between the congregation’s contributions and the broader outreach initiatives that serve the community.
By investing in various programs, the foundation empowers the church to engage with a wider audience and address specific community needs. This support ensures that initiatives that foster growth, inclusivity, and spiritual development can flourish, enriching the lives of attendees and the surrounding community. The foundation's efforts allow for innovative and meaningful ministries to thrive, ultimately contributing to a vibrant and active church presence in Sioux Falls. Through its mission, the foundation bolsters the church's ability to serve as a resource and refuge for individuals seeking connection, support, and spiritual guidance.
This information is meant to be a general summary of First United Methodist Church Foundation Of Sioux Falls. 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: $54,306
- Gross Receipts: $152,206
Assets and Liabilities:
- Total Assets: $2,640,701
- Total Liabilities: $570,027
- Net Assets: $2,070,674
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Organization Details
Founding Year
1979
Phone
(605) 336-3652Principal Officer
Elizabeth Rezek
Main Address
401 SOUTH SPRING AVENUE, SIOUX FALLS, SD, 57104
Website
www.not applicable - noneNTEE Category
Code: X20 - Religion related
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