Overview
What is Lay Endowment Fund?
The Lay Endowment Fund is a charitable organization based in Minneapolis, Minnesota, with a specific mission to provide financial assistance to Hennepin Avenue United Methodist Church (HAUMC) and other affiliated organizations whose activities align with HAUMC's purpose. In 2022, the fund directly contributed $11,744 to HAUMC. The Lay Endowment Fund serves as a crucial financial supporter, enhancing the capacity and reach of these organizations to carry out their respective missions.
Is Lay Endowment Fund legitimate?
Lay Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lay Endowment Fund 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:
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What is the mission statement of Lay Endowment Fund?
The Lay Endowment Fund's mission is centered around providing financial support to Hennepin Avenue United Methodist Church (HAUMC) and affiliated organizations. The primary objective of the Lay Endowment Fund is to aid organizations whose activities align with the purpose of HAUMC. In 2022, the fund directly contributed $11,744 to HAUMC. The Lay Endowment Fund serves as a financial backbone, helping these organizations in carrying out their missions and contributing to their respective causes.
Who is the CEO of Lay Endowment Fund?
Scott Cabalka is the President of Lay Endowment Fund.
What is the revenue of Lay Endowment Fund?
Lay Endowment Fund's revenue in 2022 was $297,571.
Who are the executives of Lay Endowment Fund and what are their salaries?
There 8 volunteers at Lay Endowment Fund.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Lay Endowment Fund?
Lay Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lay Endowment Fund
The Lay Endowment Fund is an entity dedicated to providing financial assistance. Its mission is centered around supporting Hennepin Avenue United Methodist Church (HAUMC) and other affiliated organizations. The Lay Endowment Fund's objective is to financially bolster these organizations, ensuring their activities align with the purpose of HAUMC. In 2022, the Lay Endowment Fund directly contributed $11,744 to HAUMC, demonstrating its commitment to this mission. The fund serves as a crucial source of financial aid, enabling these organizations to carry out their activities effectively and contribute to their respective communities.
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Impact
October, 2024
The Lay Endowment Fund significantly impacts the Hennepin Avenue United Methodist Church (HAUMC) and its affiliated organizations by providing essential financial support to advance their mission and activities. In 2022, the Fund contributed $11,744 directly to HAUMC, enabling the church to engage in programs and services that fulfill its purpose within the community. This support not only reinforces the church’s operational viability but also enhances its capacity to foster mutual benefits through outreach and service initiatives. By investing in HAUMC and related organizations, the Lay Endowment Fund helps to strengthen the community, promoting values of connection, service, and spiritual growth in Minneapolis, MN.
This information is meant to be a general summary of Lay Endowment Fund. 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: $297,081
- Gross Receipts: $1,921,634
Assets and Liabilities:
- Total Assets: $6,171,223
- Total Liabilities: $0
- Net Assets: $6,171,223
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Organization Details
Founding Year
1920
Phone
(612) 710-6946Principal Officer
Scott Cabalka
Main Address
511 GROVELAND AVENUE, MINNEAPOLIS, MN, 55403
NTEE Category
Code: Y35Z - Mutual benefit
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