Overview
What is Eder Organizational Investing Inc?
Eder Organizational Investing Inc is a nonprofit organization situated in Elgin, Illinois, with an address at 1505 Dundee Ave. Their primary objective is to cultivate a charitable mindset and a sense of stewardship among organizations affiliated with the Church of the Brethren. They also manage assets for organizations that align with the values of the Church of the Brethren. Their mission revolves around fostering a spirit of generosity and responsible resource management among these affiliated organizations, ultimately contributing to the betterment of their respective communities.
Official website here: www.ederfinancial.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Eder Organizational Investing Inc has received a rating of 53%, indicating significant room for improvement in various areas of accountability and finance. The organization has a well-structured board, with all members being independent, and it maintains strong oversight with its audit and financial statements. However, it lacks essential policies such as a whistleblower policy and does not post its tax forms on its website, which are critical for transparency.
The financial health of the organization raises concerns, particularly with a poor liabilities to assets ratio, suggesting potential financial instability. Additionally, the program expense ratio is notably low, indicating that a minimal portion of its expenses is directed towards its programs and services. This could imply inefficiencies in how resources are allocated, which is an area that stakeholders should consider carefully.
Despite some strengths in governance and oversight, the overall low rating points to a need for the organization to address its financial practices and enhance its transparency efforts. Potential donors and supporters may want to seek further information or consider these limitations before contributing to Eder Organizational Investing Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Eder Organizational Investing Inc legitimate?
Eder Organizational Investing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eder Organizational Investing 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.
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
Official website here: www.ederfinancial.org
What is the mission statement of Eder Organizational Investing Inc?
Eder Organizational Investing Inc's mission is centered around fostering a charitable spirit and promoting a sense of stewardship among organizations that are affiliated with the Church of the Brethren, or share its values. The company also focuses on managing assets for these affiliated organizations, aiming to support their charitable activities and mission alignment. By doing so, Eder Organizational Investing Inc aims to contribute to the broader impact and impactfulness of these organizations in their respective communities.
Official website here: www.ederfinancial.org
Who is the CEO of Eder Organizational Investing Inc?
Nevin Dulabaum is the Board Member - New of Eder Organizational Investing Inc.
Official website here: www.ederfinancial.org
What is the revenue of Eder Organizational Investing Inc?
Eder Organizational Investing Inc's revenue in 2022 was $932,947.
Official website here: www.ederfinancial.org
Who are the executives of Eder Organizational Investing Inc and what are their salaries?
There 12 volunteers at Eder Organizational Investing Inc.
Here are 20 key members and their salaries:
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- Other: $28,619
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- Other: $35,941
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Official website here: www.ederfinancial.org
Where can I find the form 990 for Eder Organizational Investing Inc?
Eder Organizational Investing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ederfinancial.org
Learn more at the official website: www.ederfinancial.org
Mission Statement of Eder Organizational Investing Inc
Eder Organizational Investing Inc, an organization affiliated with the Church of the Brethren, is dedicated to fostering a charitable spirit and promoting a sense of stewardship among organizations that share the values of the Church of the Brethren. The primary goal of Eder Organizational Investing Inc is to manage assets for these organizations, ensuring their financial sustainability and enabling them to fulfill their respective missions. By fostering a charitable spirit and stewardship attitude, Eder Organizational Investing Inc aims to support the growth and success of these affiliated organizations, ultimately contributing to the broader mission of the Church of the Brethren.
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Impact
July, 2024
Eder Organizational Investing Inc fosters a charitable spirit and attitude of stewardship among organizations affiliated with the Church of the Brethren. By managing assets for these organizations, Eder Organizational Investing Inc plays a vital role in supporting the mission and values of the Church of the Brethren community. Their impact is seen in the efficient and responsible management of resources that enables these organizations to focus on their charitable work and serving their communities.
This information is meant to be a general summary of Eder Organizational Investing 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.
- Program Service Revenue: $932,947
- Gross Receipts: $932,947
Assets and Liabilities:
- Total Assets: $178,822,132
- Total Liabilities: $178,822,132
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEE REVENUE
Revenue
$932,947
Organization Details
Founding Year
2014
Phone
(847) 695-0200Principal Officer
Nevin Dulabaum
Main Address
1505 DUNDEE AVE, ELGIN, IL, 601201605
Website
www.ederfinancial.orgNTEE Category
Code: X11 - Religion related
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