Overview
What is Church By The Sea Foundation Inc?
Church By The Sea Foundation Inc is a nonprofit organization based in Seminole, Florida, specifically at 12932 93 Avenue. Its primary mission is to manage and invest its funds to generate income, with the majority of the earnings being transferred to Gulf Beaches Church by the Sea. This financial support is intended to aid in the church's operational expenses. By doing so, the foundation contributes to the church's mission and overall function, providing a source of financial stability and assistance.
Is Church By The Sea Foundation Inc legitimate?
Church By The Sea Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Church By The Sea 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
What is the mission statement of Church By The Sea Foundation Inc?
The Church By The Sea Foundation Inc's primary mission is to manage its funds for a specific purpose. This purpose is to generate income to aid the Gulf Beaches Church by the Sea, thereby supporting the church's operational activities. The foundation achieves this by investing its assets and distributing the net ordinary investment income, after setting aside 10% for reinvestment, to the Gulf Beaches Church by the Sea. This financial assistance plays a significant role in sustaining the church's operations.
What is the revenue of Church By The Sea Foundation Inc?
Church By The Sea Foundation Inc's revenue in 2023 was $40,303.
Who are the executives of Church By The Sea Foundation Inc and what are their salaries?
There 8 volunteers at Church By The Sea Foundation Inc.
Here are 5 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
Where can I find the form 990 for Church By The Sea Foundation Inc?
Church By The Sea Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Church By The Sea Foundation Inc
Church By The Sea Foundation Inc's mission is centered around investing its funds for a primary purpose. This purpose is to generate income that subsequently supports the Gulf Beaches Church by the Sea. The foundation's strategies involve investing ordinary income, with a portion of 10% being set aside for reinvestment to foster growth. The remaining 90% of the income is then distributed to the Gulf Beaches Church by the Sea, aiding in the church's operational support. In essence, the Church By The Sea Foundation Inc serves as a financial backbone, providing essential resources to maintain the operations of the Gulf Beaches Church by the Sea.
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
October, 2024
Church By The Sea Foundation Inc plays a vital role in supporting the Gulf Beaches Church by the Sea through strategic financial investments. The foundation invests its funds primarily to generate income that directly benefits the church's operations. Each year, the majority of ordinary investment income is distributed to the church, allowing it to maintain and enhance its services and outreach within the community. By opting to reinvest 10% of the income for growth, the foundation ensures sustainable financial support, enabling the church to plan for the future while actively serving its congregation and the surrounding area. This consistent financial backing facilitates the church’s ability to provide essential programs and foster a welcoming environment for its members and visitors alike.
This information is meant to be a general summary of Church By The Sea 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 2023.
- Investment Income: $40,303
- Gross Receipts: $40,303
Assets and Liabilities:
- Total Assets: $707,823
- Total Liabilities: $0
- Net Assets: $707,823
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1993
Principal Officer
Margaret Simmons
NTEE Category
Code: T30J - Philanthropy
If you are a representative of Church By The Sea Foundation Inc 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.