Overview
What is Church Of The Assumption Foundation?
The Church of the Assumption Foundation is a nonprofit organization based in Orlando, Florida. Its primary focus is to offer financial assistance to the Church of the Assumption, a religious institution located in Keyser, West Virginia. The Foundation's mission involves providing monetary aid to support the Church's operations and activities, thereby contributing to its overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50% (One-Star out of Four Stars)
The Church Of The Assumption Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The foundation scored 50% overall, with particularly low scores in several governance areas, including board independence and essential policy disclosures. There are no independent board members, and key documents such as conflict of interest and whistleblower policies are missing, which raises red flags about the organization's governance structure.
Despite these concerns, the foundation demonstrates a strong program expense ratio of 71.26%, suggesting that a majority of its spending is directed towards its programs. Additionally, it has not reported any material diversion of assets and maintains a favorable liabilities to assets ratio of 0.00%. However, the absence of proper disclosures and governance policies could undermine trust and transparency with potential donors and beneficiaries.
The lack of a website and other critical documentation further complicates the foundation's standing and accountability. These issues could deter potential support and impact the foundation's effectiveness in fulfilling its mission. Addressing these governance deficiencies could significantly improve its accountability score and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Church Of The Assumption Foundation legitimate?
Church Of The Assumption Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Church Of The Assumption 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: $1,924
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Church Of The Assumption Foundation?
The Church of the Assumption Foundation's mission is centered around providing financial assistance to the Church of Assumption, without specifying a particular location. This support aims to maintain and sustain the religious institution, contributing to its ongoing operations and services. The foundation's role is pivotal in ensuring the Church of Assumption can continue to serve its community and uphold its religious purposes.
What is the revenue of Church Of The Assumption Foundation?
Church Of The Assumption Foundation's revenue in 2024 was $8,105.
Who are the executives of Church Of The Assumption Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,924
- Related: $0
- Other: $0
Where can I find the form 990 for Church Of The Assumption Foundation?
Church Of The Assumption Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Church Of The Assumption Foundation
The Church of the Assumption Foundation is an organization dedicated to supporting the Church of the Assumption in Keyser, West Virginia. Its primary mission involves providing monetary aid to this religious institution, contributing to its overall operations and upkeep. This philanthropic endeavor is an essential part of the foundation's role, ensuring the Church of the Assumption in Keyser continues to serve its community effectively. The foundation's contributions play a vital role in maintaining the religious institution's financial stability and allowing it to carry out its religious duties and services.
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Impact
October, 2024
The Church Of The Assumption Foundation plays a significant role in supporting the Church of Assumption in Keyser, WV, by providing essential monetary aid. This funding enables the church to maintain its operations, support religious activities, and serve the local community effectively. By facilitating resources for worship, outreach programs, and community services, the foundation strengthens the church’s presence and impact in the region. Its efforts contribute to the spiritual, social, and cultural fabric of the community, helping to ensure that the church can fulfill its mission and serve its congregation and the broader public consistently.
This information is meant to be a general summary of Church Of The Assumption 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 2024.
- Investment Income: $6,866
- Gross Receipts: $50,842
Assets and Liabilities:
- Total Assets: $215,590
- Total Liabilities: $0
- Net Assets: $215,590
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Organization Details
Founding Year
1962
Principal Officer
Truist Bank
NTEE Category
Code: X112 - Religion related
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