Overview
What is First United Methodist Foundation Of Marion?
First United Methodist Foundation Of Marion is a nonprofit organization based in Marion, South Carolina. Its primary mission is to support the First United Methodist Church of Marion by managing and investing funds and properties. The foundation receives funds through various means such as gifts, devises, bequests, purchases, or other sources. The contributions made by the foundation are solely dedicated to benefiting the First United Methodist Church of Marion, thereby contributing to its overall well-being. The foundation operates with the goal of utilizing its resources to positively impact the church.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 63%)
The First United Methodist Foundation of Marion has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in various areas of accountability and finance. The overall score of 63% reflects both strengths and weaknesses. While the foundation boasts a fully independent board and reports no material diversion of assets, several critical policies and practices are missing, which negatively impacts its accountability score.
Strengths include a strong board structure, with 10 out of 10 points for both majority independent board members and board size. The foundation also maintains a low liabilities to assets ratio at 2.09%, demonstrating financial stability. However, significant areas for improvement exist, such as the absence of key governance policies, including a conflict of interest policy and a whistleblower policy, which both received a score of zero.
The foundation's program expense ratio of 64.59% suggests a reasonable commitment to its mission, but the lack of transparency, evidenced by the missing website listed on tax forms and absence of posted tax documents, raises concerns among potential donors and stakeholders. Overall, while the foundation has a solid financial base, enhancing its governance and transparency practices is essential for improving its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is First United Methodist Foundation Of Marion legitimate?
First United Methodist Foundation Of Marion is a legitimate nonprofit organization registered as a 501(c)(3) entity. First United Methodist Foundation Of Marion 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 First United Methodist Foundation Of Marion?
The First United Methodist Foundation Of Marion has a mission to collect, manage, and invest funds and properties for the sole benefit of the First United Methodist Church of Marion, SC. This organization adheres to the principle of utilizing gifts, devises, bequests, purchases, or other means to accomplish its objective. The primary function of the foundation is to utilize the profits generated for the betterment of the First United Methodist Church of Marion, SC. This mission statement underscores the foundation's commitment to supporting its affiliated church.
Who is the CEO of First United Methodist Foundation Of Marion?
Jamie Craig is the Secretary of First United Methodist Foundation Of Marion.
What is the revenue of First United Methodist Foundation Of Marion?
First United Methodist Foundation Of Marion's revenue in 2022 was $68,689.
Who are the executives of First United Methodist Foundation Of Marion and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for First United Methodist Foundation Of Marion?
First United Methodist Foundation Of Marion's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First United Methodist Foundation Of Marion
The First United Methodist Foundation of Marion has a mission to serve and benefit the First United Methodist Church of Marion, SC. This mission is carried out by receiving, holding, managing, and investing funds and properties. Through gifts, devises, bequests, purchases, or other means, the foundation aims to accumulate resources that will ultimately contribute to the betterment of the church. The foundation's activities are centered around the idea of utilizing these resources exclusively for the advantage of the First United Methodist Church of Marion, SC.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The First United Methodist Foundation of Marion has made a significant impact by contributing profits to the First United Methodist Church of Marion, SC. Their mission to receive, hold, manage, and invest funds and properties exclusively for the benefit of the church has supported the religious community in Marion. This foundation plays a crucial role in ensuring financial resources are available to support the church's activities and mission.
This information is meant to be a general summary of First United Methodist Foundation Of Marion. 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: $68,689
- Gross Receipts: $283,626
Assets and Liabilities:
- Total Assets: $1,266,423
- Total Liabilities: $34,525
- Net Assets: $1,231,898
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1994
Phone
(843) 423-0931Principal Officer
Jamie Craig
Main Address
PO Box 783, Marion, SC, 29571
NTEE Category
Code: X21Z - Religion related
If you are a representative of First United Methodist Foundation Of Marion and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.