Overview
What is St Peters Episcopal Church Endowment Inc?
St. Peters Episcopal Church Endowment Inc, located at 115 West 7th Street, Charlotte, NC 28202, is a nonprofit organization with a focus on enhancing and expanding the religious, educational, and charitable initiatives of St. Peter's Episcopal Church. Their mission is to provide support and sustainability to the various programs and services offered by the church, aiming to contribute positively to the community. The organization's activities are centered around this mission, aiming to bring about a meaningful impact through religious, educational, and charitable endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Overall Score: 70%, earning a Two-Star out of Four Star rating. This rating indicates that St Peters Episcopal Church Endowment Inc has room for growth in its financial accountability and transparency efforts. The organization has demonstrated good practices in terms of board independence and financial health, with no material diversion of assets and low liabilities.
Strengths of the organization include a very high program expense ratio of 99.99%, which indicates that almost all of its funds are directed toward its charitable purpose. Additionally, it boasts a fully independent board, scoring 10 out of 10 in both board independence and size. These elements are positive indicators for potential donors looking for organizations that prioritize their mission.
However, the nonprofit faces significant limitations in its transparency practices. Missing disclosures such as a conflict of interest policy, whistleblower policy, and documentation of board meeting minutes suggest areas that need immediate attention. These deficiencies could impact donor confidence and the overall effectiveness of the organization in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is St Peters Episcopal Church Endowment Inc legitimate?
St Peters Episcopal Church Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Peters Episcopal Church Endowment 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.
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Other Salaries and Wages: $0
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What is the mission statement of St Peters Episcopal Church Endowment Inc?
St. Peters Episcopal Church Endowment Inc's mission is centered around supporting and expanding the religious, educational, and charitable initiatives of St. Peter's Episcopal Church. Their goal is to maintain and strengthen these programs, thereby contributing to their continued growth and impact. By doing so, they aim to contribute positively to the community and the individuals associated with the church. The endowment fund's activities are primarily focused on supporting the religious, educational, and charitable efforts of St. Peter's Episcopal Church.
Who is the CEO of St Peters Episcopal Church Endowment Inc?
Sam Bowles is the Treasurer of St Peters Episcopal Church Endowment Inc.
What is the revenue of St Peters Episcopal Church Endowment Inc?
St Peters Episcopal Church Endowment Inc's revenue in 2022 was $121,390.
Who are the executives of St Peters Episcopal Church Endowment Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for St Peters Episcopal Church Endowment Inc?
St Peters Episcopal Church Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Peters Episcopal Church Endowment Inc
St. Peters Episcopal Church Endowment Inc is dedicated to enhancing and sustaining the religious, educational, and charitable initiatives of St. Peter's Episcopal Church. Their mission is centered around expanding and strengthening the various programs that contribute to the spiritual, educational, and philanthropic aspects of St. Peter's Episcopal Church. By promoting and nurturing these programs, St. Peters Episcopal Church Endowment Inc aims to make a significant impact in the community, enriching lives and fostering a sense of unity and purpose.
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Impact
October, 2024
St. Peter's Episcopal Church Endowment Inc significantly contributes to the vibrancy and sustainability of religious, educational, and charitable programs at St. Peter's Episcopal Church in Charlotte, NC. By providing financial support, the endowment ensures that the church can continue its mission of fostering a welcoming and engaging community for worship and spiritual growth.
The impact of the endowment is reflected in the church's ability to maintain and expand its programs, which serve the needs of the congregation and the wider community. This includes educational initiatives that promote faith development, outreach programs that assist those in need, and charitable activities that encourage members to engage with and support local and global missions.
Through its efforts, St. Peter's Episcopal Church Endowment Inc not only sustains existing programs but also opens doors for new opportunities, ensuring that the church remains a vital part of the Charlotte community, enriching lives and fostering a spirit of service and compassion.
This information is meant to be a general summary of St Peters Episcopal Church Endowment 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: $83,352
- Gross Receipts: $121,390
Assets and Liabilities:
- Total Assets: $4,779,172
- Total Liabilities: $0
- Net Assets: $4,779,172
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Organization Details
Phone
(704) 332-7746Principal Officer
Sam Bowles
Main Address
115 West 7th Street, Charlotte, NC, 28202
NTEE Category
Code: X20 - Religion related
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