Overview
What is Cable Foundation Of The United Methodist Church Of Vista?
The Cable Foundation of the United Methodist Church of Vista, located in Vista, California, serves as a financial resource for the United Methodist Church of Vista. Its primary objective is to provide funds for the church's mission and ministries, ensuring a steady income beyond the operating budget. This is achieved by setting a limit between 3% and 4% of the foundation's portfolio, as of September 31 of the previous year. The funds provided by the foundation are used to support various 501(c)(3) mission outreach charities, aligning with the church's mission outreach programs. The foundation's activities are integral to the church's broader mission, contributing to the well-being of their community and beyond.
Is Cable Foundation Of The United Methodist Church Of Vista legitimate?
Cable Foundation Of The United Methodist Church Of Vista is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cable Foundation Of The United Methodist Church Of Vista 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 Cable Foundation Of The United Methodist Church Of Vista?
The Cable Foundation of the United Methodist Church's primary purpose is to provide financial support for the mission and ministry of an unspecified United Methodist Church. This foundation aims to contribute a steady stream of income, with a minimum of 3% and a maximum of 4% of their portfolio, to the church for ministries beyond those funded in their operating budget. The funds provided by the foundation are utilized by the church for its mission outreach programs, which in turn support various 501(c)(3) mission outreach charities. In essence, the Cable Foundation's mission is to contribute financially to the charitable works and outreach initiatives of the United Methodist Church.
Who is the CEO of Cable Foundation Of The United Methodist Church Of Vista?
Alfred Chappell is the Director of Cable Foundation Of The United Methodist Church Of Vista.
What is the revenue of Cable Foundation Of The United Methodist Church Of Vista?
Cable Foundation Of The United Methodist Church Of Vista's revenue in 2022 was -$2,412,865.
Who are the executives of Cable Foundation Of The United Methodist Church Of Vista and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Cable Foundation Of The United Methodist Church Of Vista?
Cable Foundation Of The United Methodist Church Of Vista's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cable Foundation Of The United Methodist Church Of Vista
The Cable Foundation of the United Methodist Church of Vista is a philanthropic organization with a primary purpose and objective to support the mission and ministry of the United Methodist Church of Vista. Its mission, in essence, is to provide a consistent financial flow to the church, beyond what's covered in its operating budget. This financial support, sourced from the Cable Foundation's portfolio, falls within a specific range. No less than 3% and no more than 4% of the portfolio's total value is allocated for this purpose, as per the foundation's distribution of grants, which typically takes place in the year following the portfolio's evaluation on September 31.
The United Methodist Church of Vista utilizes these funds as part of its mission outreach programs. This philanthropic support extends to various 501(c)(3) mission outreach charities, furthering the church's initiatives and commitments to charitable causes. In summary, the Cable Foundation of the United Methodist Church of Vista serves as a financial catalyst, channeling resources to enhance the church's charitable endeavors and community outreach.
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Impact
October, 2024
The Cable Foundation of the United Methodist Church of Vista plays a crucial role in enhancing the ministry and outreach activities of the United Methodist Church of Vista. By providing a steady stream of income, it enables the church to extend its reach and fulfill its mission beyond the constraints of its operating budget.
The foundation guarantees that a significant portion of its portfolio—between 3% and 4%—is allocated each year to support various initiatives, allowing the church to engage in meaningful community outreach and mission programs. These funds are instrumental in supporting various 501(c)(3) charities, allowing the church to make a broader impact within the community.
Through these efforts, the Cable Foundation reinforces the church’s commitment to serving others, fostering a spirit of generosity and compassion that extends beyond its physical boundaries. Ultimately, its contributions provide essential resources for ongoing ministry and outreach, ensuring that the church can continue to address the needs of the Vista community and beyond effectively.
This information is meant to be a general summary of Cable Foundation Of The United Methodist Church Of Vista. 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: -$2,412,865
- Gross Receipts: $503,573
Assets and Liabilities:
- Total Assets: $9,848,178
- Total Liabilities: $3,511,289
- Net Assets: $6,336,889
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Organization Details
Founding Year
2012
Principal Officer
Alfred Chappell
Main Address
490 SOUTH MELROSE, VISTA, CA, 92081
NTEE Category
Code: X20 - Religion related
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