Overview
What is Boys And Girls Club Of Vernon Tx Endowment Fund Inc?
Boys and Girls Club of Vernon, Texas Endowment Fund Inc. is a nonprofit organization established with the primary goal of raising funds to support the local Boys and Girls Club. Based in Vernon, Texas, the endowment fund aims to generate investment income, which will subsequently be utilized to provide essential support for the club. The fund's mission is to contribute to the well-being of young individuals in the community by offering financial aid, thereby enhancing the resources and services provided by the Boys and Girls Club of Vernon, Texas.
Is Boys And Girls Club Of Vernon Tx Endowment Fund Inc legitimate?
Boys And Girls Club Of Vernon Tx Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boys And Girls Club Of Vernon Tx Endowment Fund 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
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What is the mission statement of Boys And Girls Club Of Vernon Tx Endowment Fund Inc?
The Boys and Girls Club of Vernon Tx Endowment Fund Inc's mission is to establish an endowment fund, which generates investment income. This income is then utilized to offer support for the Boys and Girls Club of Vernon, Texas. The primary objective of the fund is to raise funds, with the ultimate goal of providing aid to the Boys and Girls Club. The fund's purpose is to bolster the club's resources, ensuring it can continue to serve its community effectively. The endowment fund's activities are centered around generating income to support the Boys and Girls Club's operations and initiatives.
Who is the CEO of Boys And Girls Club Of Vernon Tx Endowment Fund Inc?
John T Truelove is the President of Boys And Girls Club Of Vernon Tx Endowment Fund Inc.
What is the revenue of Boys And Girls Club Of Vernon Tx Endowment Fund Inc?
Boys And Girls Club Of Vernon Tx Endowment Fund Inc's revenue in 2022 was $70,629.
Who are the executives of Boys And Girls Club Of Vernon Tx Endowment Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Boys And Girls Club Of Vernon Tx Endowment Fund Inc?
Boys And Girls Club Of Vernon Tx Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boys And Girls Club Of Vernon Tx Endowment Fund Inc
The Boys and Girls Club of Vernon, Texas Endowment Fund Inc, as its name suggests, is dedicated to establishing an endowment fund. This fund's primary purpose is to generate investment income, which is subsequently utilized to provide essential support for the Boys and Girls Club of Vernon, Texas. In essence, the organization's mission is to raise funds, contributing to the well-being and development of the Boys and Girls Club of Vernon, Texas. By doing so, it aims to ensure the club's long-term sustainability and ability to continue providing valuable services to its community.
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Impact
October, 2024
The Boys And Girls Club Of Vernon Tx Endowment Fund Inc has a significant impact by ensuring sustainable financial support for youth development programs in Vernon, Texas. By generating investment income through its endowment fund, it provides essential funding that enables the Boys & Girls Club to offer enriching activities and services to local youth. This support fosters a safe and positive environment where children can grow, learn, and develop essential life skills. The club’s programs are designed to empower young people, helping them build confidence, establish relationships, and pursue their academic goals, thereby contributing to the overall well-being of the community.
This information is meant to be a general summary of Boys And Girls Club Of Vernon Tx Endowment Fund 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: $70,629
- Gross Receipts: $431,507
Assets and Liabilities:
- Total Assets: $1,968,480
- Total Liabilities: $0
- Net Assets: $1,968,480
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Organization Details
Founding Year
2003
Phone
(940) 552-5481Principal Officer
John T Truelove
Main Address
PO Box 1331, Vernon, TX, 763851331
NTEE Category
Code: O19 - Youth development
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