Overview
What is Church Of God Foundation Inc?
Church of God Foundation Inc, located in Cleveland, Tennessee, serves as a financial assistance and investment opportunity provider for the congregation of the Church of God. This nonprofit organization offers investment opportunities solely to advance the Church's mission, manages funds for Church of God churches and ministries, promotes legacy giving programs, acts as trustee for planned gifts like charitable trusts and gift annuities, and provides financial and leadership resources for Church of God ministers and congregations. Additionally, the Foundation encourages charitable giving to Church of God ministries, fostering prudent stewardship of its assets to further the kingdom.
What are the reviews and ratings of this charity?
75% rating from Charity Navigator.
The Church Of God Foundation Inc has earned a Three-Star out of Four Star rating based on its Accountability & Finance score. The organization demonstrates strong financial practices and transparency, with a program expense ratio of 87.12%, indicating that a significant portion of its funds directly supports its programs. Additionally, the board of directors is entirely independent, ensuring unbiased governance and oversight.
Strengths of the foundation include a robust audit and oversight committee, as well as comprehensive policies for conflict of interest and document retention. The organization has no reported material diversion of assets, which further enhances its credibility. However, while the score reflects solid financial accountability, the overall rating is limited to this single beacon, suggesting potential areas for improvement in other evaluation categories like impact or program efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Church Of God Foundation Inc legitimate?
Church Of God Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Church Of God 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
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What is the mission statement of Church Of God Foundation Inc?
The Church of God Foundation Inc's mission is centered around offering investors and donors the chance to engage in investment opportunities. This is done with a focus on managing these assets prudently, with the ultimate goal of advancing a religious cause, namely, furthering the kingdom. The foundation serves as a financial services ministry and an extension fund for the Church of God, Cleveland, TN. It provides investment opportunities for church constituents, offers financing to churches and ministries, promotes legacy giving programs, acts as a trustee for planned gifts, and provides financial and leadership resources for church ministers and congregations. Additionally, it encourages charitable giving to Church of God ministries.
What is the revenue of Church Of God Foundation Inc?
Church Of God Foundation Inc's revenue in 2023 was $3,102,842.
Who are the executives of Church Of God Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Other: $0
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- Related: $73,920
- Other: $70,500
- Compensation: $0
- Related: $38,404
- Other: $0
Where can I find the form 990 for Church Of God Foundation Inc?
Church Of God Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Church Of God Foundation Inc
The Church of God Foundation Inc, in its mission, aims to offer investors and donors the chance to engage in investment opportunities. These opportunities are managed with the sole intention of advancing the kingdom, demonstrating a prudent stewardship of the assets involved. The foundation functions as an extension fund and financial services ministry for the constituents of the Church of God, Cleveland, TN. By doing so, it provides investment opportunities to its Church of God constituents, offers financing to various Church of God churches and ministries, promotes legacy giving programs, acts as a trustee for planned gifts such as charitable trusts and charitable gift annuities, provides financial and leadership resources for Church of God ministers and congregations, and encourages charitable giving to Church of God ministries. Overall, the Church of God Foundation Inc seeks to facilitate financial growth and support for the Church of God community, using its investment opportunities to further the kingdom's interests.
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Impact
July, 2024
Church Of God Foundation Inc's impact lies in furthering the Kingdom through prudent stewardship of assets. It serves as a financial services ministry, providing investment opportunities, financing for churches and ministries, promoting legacy giving programs, acting as trustee of planned gifts, and offering financial and leadership resources to ministers and congregations. Additionally, it promotes charitable giving to Church of God ministries, ultimately contributing to the growth and sustenance of the Church of God community.
This information is meant to be a general summary of Church Of God 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: $272,465
- Program Service Revenue: $2,803,865
- Gross Receipts: $3,102,842
Assets and Liabilities:
- Total Assets: $44,026,853
- Total Liabilities: $40,137,459
- Net Assets: $3,889,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON TRUST ACCO
Revenue
$2,803,865
Organization Details
Founding Year
2001
Principal Officer
Dwight Spivey
NTEE Category
Code: X112 - Religion related
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