Overview
What is First Presbyterian Church Foundation?
The First Presbyterian Church Foundation is a nonprofit organization based in Greenville, South Carolina, located at 200 W Washington Street. Its primary purpose is to support students who are members of the First Presbyterian Church and are attending various colleges and universities. The foundation holds endowment funds and awards scholarships to eligible students, allocating $46,407 to 25 recipients in 2022. The funds help offset tuition and fees for their chosen schools. In addition to supporting its church members, the foundation also contributes to other Christian missions, ministries, and organizations backed by the First Presbyterian Church. The foundation's mission involves soliciting and managing funds from individuals and organizations with a desire to strengthen evangelical Christian missions and ministries, ensuring their support continues indefinitely. While supporting these causes, the foundation does not aim to replace the local church's financial assistance for its programs; instead, it serves as an additional source of support for those with a special interest in Christian organizations and activities.
Official website here: www.firstpresgreenville.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The First Presbyterian Church Foundation has received an 81% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This score reflects the organization's commitment to responsible financial management, with a strong emphasis on transparency and governance practices.
The foundation boasts a fully independent board, which is a notable strength, as it enhances the organization's integrity and decision-making processes. Additionally, the charity has demonstrated excellent fiscal health, with a program expense ratio of nearly 89%, ensuring that the majority of its funds are directed towards its mission-related activities. The presence of established policies on conflict of interest, whistleblowing, and document retention further solidifies its commitment to ethical operations.
However, while the organization excels in financial accountability, the summary does not provide insights into its programmatic impact or community engagement. As such, potential donors may want to seek additional information on how effectively the foundation achieves its goals within the community.
This AI summary has been generated from information found on Charity Navigator.
Is First Presbyterian Church Foundation legitimate?
First Presbyterian Church Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Presbyterian Church 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.firstpresgreenville.org
What is the mission statement of First Presbyterian Church Foundation?
The First Presbyterian Church Foundation's mission is centered around supporting the First Presbyterian Church and various other Christian missions, ministries, and organizations. The foundation solicits and receives funds from individuals and organizations with a desire to contribute to evangelical Christian causes. Their primary objective is to manage these funds effectively, postponing their distribution to those who wish to perpetuate their personal ministry indefinitely. It is not the intention of the foundation to replace the support of the local church and its programs, but rather to provide an additional layer of assistance for individuals with a special interest in Christian organizations and activities.
Official website here: www.firstpresgreenville.org
Who is the CEO of First Presbyterian Church Foundation?
Corey Phillips is the Director of First Presbyterian Church Foundation.
Official website here: www.firstpresgreenville.org
What is the revenue of First Presbyterian Church Foundation?
First Presbyterian Church Foundation's revenue in 2022 was $970,617.
Official website here: www.firstpresgreenville.org
Who are the executives of First Presbyterian Church Foundation and what are their salaries?
There 10 volunteers at First Presbyterian Church Foundation.
Here are 8 key members and their salaries:
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Official website here: www.firstpresgreenville.org
Where can I find the form 990 for First Presbyterian Church Foundation?
First Presbyterian Church Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstpresgreenville.org
Learn more at the official website: www.firstpresgreenville.org
Mission Statement of First Presbyterian Church Foundation
The First Presbyterian Church Foundation's mission is centered around supporting the First Presbyterian Church and various other Christian missions, ministries, and organizations. This nonprofit organization aims to collect funds from individuals and organizations with a shared interest in Evangelical Christian missions and ministries. The primary objective is to manage these funds effectively, preserving their impact for an indefinite period. It is not the intention of the Foundation to overshadow the support of the local church and its programs, but rather to provide an additional layer of assistance for those with a special interest in Christian organizations and activities. The Foundation's mission is to contribute to the enduring legacy of personal ministry within the realm of Christian missions and activities.
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Impact
July, 2024
The First Presbyterian Church Foundation provides essential support to students who are members of First Presbyterian Church as they pursue their higher education goals. In 2022, the foundation awarded $46,407 in scholarships to 25 recipients, enabling them to attend various colleges and universities of their choice. This financial assistance directly impacts these students by helping to offset their tuition and fees, making their educational pursuits more accessible. Through its mission of supporting evangelical Christian missions and ministries, the foundation plays a vital role in empowering individuals to further their education and contribute positively to their communities and society at large.
This information is meant to be a general summary of First Presbyterian Church 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 2022.
- Investment Income: $242,232
- Gross Receipts: $1,107,801
Assets and Liabilities:
- Total Assets: $3,011,597
- Total Liabilities: $0
- Net Assets: $3,011,597
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Organization Details
Founding Year
1994
Phone
(864) 672-0374Principal Officer
Corey Phillips
Main Address
200 W WASHINGTON STREET, GREENVILLE, SC, 29601
Website
www.firstpresgreenville.orgNTEE Category
Code: T31 - Philanthropy
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