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St Stephens Lutheran Church Charitable Foundation

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

EIN: 562258839 ✦ Hickory, NC ✦ Designated as a 501(c)(3)

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Overview

What is St Stephens Lutheran Church Charitable Foundation?

St. Stephen's Lutheran Church Charitable Foundation is a nonprofit organization that plays a vital role in supporting its affiliated Church and School. By offering financial assistance, the foundation contributes to the Church's elementary and middle school, ensuring their continued operation and growth. Its mission is deeply rooted in aiding the Church and its educational sector, thereby contributing to the overall community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

St Stephens Lutheran Church Charitable Foundation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 73%. This rating indicates that while the organization demonstrates a solid commitment to accountability and finance, it still has areas that require significant improvement.

The foundation excels in several key areas, achieving a perfect score for independent board member composition, board size, and the absence of material asset diversion. Additionally, it maintains a strong program expense ratio, with 96.56% of its expenses going directly toward its programs. These strengths reflect a solid commitment to effective governance and programmatic focus.

However, the organization faces notable weaknesses, particularly in transparency and policy adherence. Key governance documents, including the tax form, conflict of interest policy, whistleblower policy, and document retention policy, are missing. Addressing these gaps could enhance the foundation's overall accountability and trustworthiness in the eyes of donors and stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is St Stephens Lutheran Church Charitable Foundation legitimate?

St Stephens Lutheran Church Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Stephens Lutheran Church Charitable 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

What is the mission statement of St Stephens Lutheran Church Charitable Foundation?

The St. Stephen's Lutheran Church Charitable Foundation's mission centers around supporting its affiliated Church and school. Specifically, the foundation aims to provide financial assistance for the Church's elementary and middle school, thereby contributing to their overall operation and growth. By doing so, the foundation seeks to foster a strong educational environment within the Church community. The foundation's activities are geared towards ensuring the Church's school continues to thrive, thereby benefiting the Church and its members. The foundation serves as a crucial financial backbone, enabling the Church's school to maintain its educational standards and services.

Who is the CEO of St Stephens Lutheran Church Charitable Foundation?

Larry Bowman is the Secretary of St Stephens Lutheran Church Charitable Foundation.

What is the revenue of St Stephens Lutheran Church Charitable Foundation?

St Stephens Lutheran Church Charitable Foundation's revenue in 2022 was $54,285.

Who are the executives of St Stephens Lutheran Church Charitable Foundation and what are their salaries?

There 5 volunteers at St Stephens Lutheran Church Charitable Foundation.


Here are 5 key members and their salaries:


Terry Hollar (Chairman/President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Nye (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy W Becker (Treasurer/Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Bowman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Fogle (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for St Stephens Lutheran Church Charitable Foundation?

St Stephens Lutheran Church Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of St Stephens Lutheran Church Charitable Foundation

The St. Stephen's Lutheran Church Charitable Foundation is committed to upholding the mission of providing financial aid to the Church and its elementary and middle school. This nonprofit organization plays a crucial role in supporting the Church's educational sector, ensuring its continued operation and growth. By extending financial assistance, the foundation enables the Church to provide a nurturing environment for students, fostering their academic and personal development. The St. Stephen's Lutheran Church Charitable Foundation's mission is integral to the Church's broader objectives, contributing to the overall well-being of its community.

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Impact




August, 2024

St Stephens Lutheran Church Charitable Foundation has a significant impact by providing vital financial support to the Church's elementary and middle school. This support allows the school to continue offering quality education and fulfilling its mission of serving the community. Through its contributions, the foundation helps ensure that the Church and School can thrive and make a positive difference in the lives of students and families in Hickory, North Carolina.




This information is meant to be a general summary of St Stephens Lutheran Church Charitable 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.

Revenue
$54,285 (2022)
Expenses
$53,710 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $43,248
  • Gross Receipts: $73,335

Assets and Liabilities:

  • Total Assets: $1,728,517
  • Total Liabilities: $51,848
  • Net Assets: $1,676,669

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Organization Details

Founding Year

2001

Principal Officer

Larry Bowman

Main Address

2304 SPRINGS ROAD, HICKORY, NC, 28601

NTEE Category

Code: X112 - Religion related

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