Overview
What is Chicago Tabernacle Support Foundation?
The Chicago Tabernacle Support Foundation, located at 3231 N Cicero Avenue, Chicago, Illinois, was established with a specific objective. This objective involves holding a leverage loan and providing grants to Chicago Tabernacle Assemblies of God (CTAOG), a church, using the debt service proceeds received. The foundation's primary role is to financially support CTAOG, ensuring the church can continue its operations and serve its community. The details of this arrangement can be found in Schedule O for further explanation.
Official website here: www.chicagotabernacle.org
What do the Facebook reviews say about Chicago Tabernacle Support Foundation?
96% of 704 reviewers on Facebook recommend the Chicago Tabernacle Support Foundation. Here is a summary of their reviews:
Many reviewers express a deep appreciation for the spiritual environment, emphasizing a strong sense of the presence of God within the organization. Visitors have shared their personal experiences of blessing and fulfillment during their time spent at the foundation, indicating that the nonprofit provides meaningful support and nurtures a positive atmosphere.
Overall, individuals feel positively about their experiences and express a desire to return, highlighting a strong connection to the community and its activities. The nonprofit appears to successfully fulfill its mission of providing spiritual nourishment to its members.
This AI summary has been generated from reviews found on Facebook.
Is Chicago Tabernacle Support Foundation legitimate?
Chicago Tabernacle Support Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Tabernacle Support Foundation 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.chicagotabernacle.org
What is the mission statement of Chicago Tabernacle Support Foundation?
The Chicago Tabernacle Support Foundation was established with a specific purpose: to manage a leverage loan and distribute funds as grants to the Chicago Tabernacle of the Assemblies of God (CTAOG), a religious institution. These grants are financed through the interest payments received on the loan. The foundation's primary activity revolves around supporting the church financially, utilizing the income generated from the loan. However, further details about the foundation's mission beyond this financial support are not provided in the information provided.
Official website here: www.chicagotabernacle.org
What is the revenue of Chicago Tabernacle Support Foundation?
Chicago Tabernacle Support Foundation's revenue in 2021 was $1,579,043.
Official website here: www.chicagotabernacle.org
Who are the executives of Chicago Tabernacle Support Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $106,290
- Other: $0
- Compensation: $0
- Related: $52,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.chicagotabernacle.org
Where can I find the form 990 for Chicago Tabernacle Support Foundation?
Chicago Tabernacle Support Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.chicagotabernacle.org
Learn more at the official website: www.chicagotabernacle.org
Mission Statement of Chicago Tabernacle Support Foundation
Chicago Tabernacle Support Foundation was established with a singular purpose: to support Chicago Tabernacle of the Assemblies of God (CTAOG), a religious organization, by managing a leverage loan and distributing the debt service proceeds as grants. The foundation's mission is to provide financial aid to CTAOG, thereby aiding the church in its operations. However, the information provided does not delve into the specifics of the foundation's activities or the nature of the grants it dispenses. It is important to note that the foundation's role is primarily financial, aimed at supporting its affiliated church.
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Impact
October, 2024
The Chicago Tabernacle Support Foundation plays a crucial role in supporting the Chicago Tabernacle of the Assemblies of God (CTAOG) by managing a leverage loan and facilitating grants. This financial structure enables the church to focus on its mission and community outreach without being burdened by debt. The foundation ensures that debt service proceeds are effectively utilized to enhance the church's capabilities in delivering human services, contributing to the wellbeing of the local community in Chicago. Through these efforts, the foundation strengthens the church's operational foundation, allowing it to focus on its spiritual and social missions, impact lives positively, and foster a supportive environment for its congregation and the surrounding community.
This information is meant to be a general summary of Chicago Tabernacle Support Foundation. 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 2021.
- Investment Income: $61,717
- Gross Receipts: $1,579,043
Assets and Liabilities:
- Total Assets: $8,737,012
- Total Liabilities: $0
- Net Assets: $8,737,012
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Organization Details
Founding Year
2015
Principal Officer
Albert Toledo
Website
www.chicagotabernacle.orgNTEE Category
Code: P20 - Human services
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