Overview
What is Holy Comforter Episcopal Church Foundation Inc?
Holy Comforter Episcopal Church Foundation Inc is a charitable organization, specifically established to cater to the long-term maintenance needs and mission-oriented projects that exceed the budget of its supported entity, the Episcopal Church of the Holy Comforter in Charlotte, North Carolina. The foundation's role extends beyond the church's operational expenses, addressing essential requirements that fall outside its financial scope.
Official website here: www.https: www.holycomfortercharlotte.org foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Holy Comforter Episcopal Church Foundation Inc has received a solid score of 76%, reflecting a moderate level of accountability and financial health. The organization boasts a fully independent board and has no reported material diversion of assets, which are strong indicators of integrity and proper governance. However, it has several weaknesses in its policies, including a lack of a conflict of interest policy, whistleblower policy, and document retention guidelines, which could be areas for improvement.
The charity demonstrates a commendable commitment to its programs, achieving a 100% program expense ratio, indicating that all its expenses are directed towards its mission-related activities. This focus on program spending shows a dedication to fulfilling its objectives. On the downside, the absence of certain governance documents and policies may raise concerns about transparency and risk management within the organization.
Overall, while Holy Comforter Episcopal Church Foundation Inc has established a strong foundation in governance and financial management, addressing its policy gaps could enhance its credibility and operational effectiveness. This charity represents a reliable option for donors seeking to support a community-focused organization, but potential contributors may want to consider these limitations in their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Comforter Episcopal Church Foundation Inc legitimate?
Holy Comforter Episcopal Church Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Comforter Episcopal Church Foundation 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.https: www.holycomfortercharlotte.org foundation
What is the mission statement of Holy Comforter Episcopal Church Foundation Inc?
The Holy Comforter Episcopal Church Foundation Inc exists to address the long-term major maintenance needs and mission and ministry requirements that surpass the operating budget of the supported organization. This organization, typically an Episcopal church, has specific needs that fall outside of its regular financial plan. The foundation is designed to provide aid in meeting these extraordinary requirements, thereby supporting the church's broader mission and ministry objectives.
Official website here: www.https: www.holycomfortercharlotte.org foundation
Who is the CEO of Holy Comforter Episcopal Church Foundation Inc?
Joseph Mynatt is the President of Holy Comforter Episcopal Church Foundation Inc.
Official website here: www.https: www.holycomfortercharlotte.org foundation
What is the revenue of Holy Comforter Episcopal Church Foundation Inc?
Holy Comforter Episcopal Church Foundation Inc's revenue in 2022 was -$13,589.
Official website here: www.https: www.holycomfortercharlotte.org foundation
Who are the executives of Holy Comforter Episcopal Church Foundation Inc and what are their salaries?
There 7 volunteers at Holy Comforter Episcopal Church Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.https: www.holycomfortercharlotte.org foundation
Where can I find the form 990 for Holy Comforter Episcopal Church Foundation Inc?
Holy Comforter Episcopal Church Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.https: www.holycomfortercharlotte.org foundation
Learn more at the official website: www.https: www.holycomfortercharlotte.org foundation
Mission Statement of Holy Comforter Episcopal Church Foundation Inc
Holy Comforter Episcopal Church Foundation Inc is established with a mission to support the long-term major maintenance needs and ministry requirements of The Episcopal Church of the Holy Comforter Charlotte NC. These needs often exceed the operating budget of the church and fall outside its usual scope. The foundation serves as a crucial financial resource, helping the church to fulfill its mission and ministry beyond its regular financial capabilities. By doing so, the foundation enables the church to make a more significant impact in its community and beyond.
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Impact
October, 2024
Holy Comforter Episcopal Church Foundation Inc significantly strengthens the Episcopal Church of the Holy Comforter in Charlotte, NC, by addressing critical long-term maintenance needs and supporting mission and ministry initiatives. By focusing on requirements that exceed the limitations of the church’s operational budget, the Foundation ensures the church can continue to thrive and serve its community effectively. This support enables the church to maintain its facilities, enhance its programs, and contribute to the spiritual and social welfare of its congregation and the wider community. The Foundation’s commitment not only safeguards the church’s legacy but also fosters growth and outreach, ensuring that its mission of service and faith can be sustained for future generations.
This information is meant to be a general summary of Holy Comforter Episcopal Church Foundation 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.
- Investment Income: -$24,149
Assets and Liabilities:
- Total Assets: $969,523
- Total Liabilities: $0
- Net Assets: $969,523
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Organization Details
Founding Year
2001
Phone
(704) 332-4171Principal Officer
Joseph Mynatt
Main Address
2701 PARK RD, CHARLOTTE, NC, 282091311
NTEE Category
Code: X20 - Religion related
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