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Margaret Williams Kunzelman Memorial Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541958568 ✦ Danville, VA ✦ Designated as a 501(c)(3)

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Overview

What is Margaret Williams Kunzelman Memorial Fund?

The Margaret Williams Kunzelman Memorial Fund is a nonprofit entity based in Danville, Virginia. Its primary mission is to manage and invest its assets, with the aim of distributing the net income on a regular basis, typically quarterly or more frequently. The beneficiary of these distributions is Sacred Heart Catholic Church in Danville, Virginia. The fund's role is to provide a financial support system for the church, contributing to its ongoing operations and upkeep.

Is Margaret Williams Kunzelman Memorial Fund legitimate?

Margaret Williams Kunzelman Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Margaret Williams Kunzelman Memorial 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Margaret Williams Kunzelman Memorial Fund?

The Margaret Williams Kunzelman Memorial Fund's primary objective is to distribute income regularly to a specific Catholic church, Sacred Heart Church in Danville, Virginia. This is achieved by investing the fund's trust assets and distributing the net income on a frequent basis, such as quarterly. The main purpose of these income distributions is to support the operations and activities of Sacred Heart Catholic Church. The fund does not have a broader societal or community-focused mission statement.

Who is the CEO of Margaret Williams Kunzelman Memorial Fund?

Unavailable

What is the revenue of Margaret Williams Kunzelman Memorial Fund?

Margaret Williams Kunzelman Memorial Fund's revenue in 2022 was $46,236.

Who are the executives of Margaret Williams Kunzelman Memorial Fund and what are their salaries?


There is 1 key member and their salary:


American National Bank And Trust (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Margaret Williams Kunzelman Memorial Fund?

Margaret Williams Kunzelman Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Margaret Williams Kunzelman Memorial Fund

The Margaret Williams Kunzelman Memorial Fund is an organization that has a specific mission. It primarily focuses on distributing income to the Sacred Heart Catholic Church in Danville, Virginia. This fund operates by investing its trust assets and then distributing the net income on a regular basis, often quarterly or more frequently. The aim of the Margaret Williams Kunzelman Memorial Fund is to provide financial support to the Sacred Heart Catholic Church, thereby contributing to its ongoing operations and upkeep.

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Impact




October, 2024

The Margaret Williams Kunzelman Memorial Fund significantly impacts Sacred Heart Catholic Church in Danville, Virginia, by providing essential income distributions. Through strategic investment of trust assets, the fund ensures a steady flow of financial resources, distributed quarterly or more frequently. This support helps facilitate various church activities and initiatives, enriching the community's spiritual, educational, and cultural experiences. The fund's commitment to the church enhances its ability to serve the congregation and fosters a vibrant environment for worship and the arts.




This information is meant to be a general summary of Margaret Williams Kunzelman Memorial 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.

Revenue
$46,236 (2022)
Expenses
$38,415 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $46,236
  • Gross Receipts: $475,839

Assets and Liabilities:

  • Total Assets: $1,071,519
  • Total Liabilities: $0
  • Net Assets: $1,071,519

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Organization Details

Founding Year

1999

Main Address

C/O AMER NAT BK TRUST-PO BOX 191, DANVILLE, VA, 24540

NTEE Category

Code: A11 - Arts

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