Overview
What is Woman's Missionary Union Foundation?
The Woman's Missionary Union Foundation, located in Birmingham, Alabama, is a nonprofit organization that manages various funds and endowments totaling over $18.7 million. Its primary mission is to encourage and facilitate charitable contributions, donations, and benevolences for the betterment of the Woman's Missionary Union and the causes it supports. This includes, but is not limited to, missions education and other initiatives endorsed by the related state WMU organizations. Additionally, the foundation serves as the investment manager for 24 religious organizations, managing assets worth $20 million. During a given year, the foundation distributes grants exceeding $2.9 million. With a staff of six individuals, it plays a significant role in supporting and promoting the causes it is dedicated to.
Official website here: www.wmufoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Woman's Missionary Union Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. With a perfect score in several categories, such as independent board membership and financial oversight, the organization demonstrates its commitment to transparency and responsible management of resources.
The foundation's financial ratios suggest effective use of funds, with a program expense ratio of 93.83%, showing that the vast majority of their expenditures support their mission. Additionally, they maintain a solid working capital ratio of 7.65 years, indicating financial stability and the ability to sustain operations over the long term.
However, the foundation's fundraising efficiency could be improved, as reflected in a low score of $0.002 in this area. While this may indicate higher costs associated with fundraising efforts, the overall financial health and effective governance of the organization remain strong, reflecting positively on its capacity to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Woman's Missionary Union Foundation?
100% of reviewers recommend the Woman's Missionary Union Foundation, with a perfect score based on 10 reviews. Here is a summary of their reviews:
Many users commend the organization for its strong mission and dedication to serving others, highlighting the commitment of its members as "mission-minded women." The impact of their work in the community is evident, with reviewers celebrating their efforts as embodying the "hands and feet of Jesus" in their outreach.
Overall, the sentiment is overwhelmingly positive, as supporters appreciate the foundation's mission-driven approach and the tangible difference it makes in the lives of those they serve. The collective praise indicates a shared belief in the organization's values and effectiveness in executing its initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Woman's Missionary Union Foundation legitimate?
Woman's Missionary Union Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woman's Missionary Union 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:
Executive Compensation: $121,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wmufoundation.com
What is the mission statement of Woman's Missionary Union Foundation?
The Woman's Missionary Union Foundation was established with the purpose of motivating and facilitating the making of charitable contributions, donations, and bequests. Its primary goal is to support and advance the Woman's Missionary Union and the causes it fosters, approves, endorses, promotes, or officially sanctions. These causes encompass various sectors, such as missions education, and other purposes that fall within the foundation's scope. The foundation's mission is to provide the necessary resources to help further the work of the Woman's Missionary Union and its related state organizations.
Official website here: www.wmufoundation.com
Who is the CEO of Woman's Missionary Union Foundation?
Peggy E Darby is the Principal Officer of Woman's Missionary Union Foundation.
Official website here: www.wmufoundation.com
What is the revenue of Woman's Missionary Union Foundation?
Woman's Missionary Union Foundation's revenue in 2022 was $3,528,346.
Official website here: www.wmufoundation.com
Who are the executives of Woman's Missionary Union Foundation and what are their salaries?
The average compensation at Woman's Missionary Union Foundation during 2022 was $20,311. There are 6 employees and 20 volunteers at Woman's Missionary Union Foundation.
Here are 22 key members and their salaries:
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- Compensation: $121,864
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- Other: $14,868
Official website here: www.wmufoundation.com
Where can I find the form 990 for Woman's Missionary Union Foundation?
Woman's Missionary Union Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wmufoundation.com
Learn more at the official website: www.wmufoundation.com
Mission Statement of Woman's Missionary Union Foundation
The Woman's Missionary Union Foundation was established with a mission to inspire and facilitate the generation of donations, gifts, and benefactions. The primary objective of this foundation is to foster, promote, and maintain the Woman's Missionary Union and the various causes that have been approved, endorsed, or officially sanctioned by the WMU and its related state organizations. This encompasses a wide range of purposes, such as missions education and any other initiatives that fall within the scope of the foundation.
In essence, the Woman's Missionary Union Foundation serves as a catalyst for charitable giving, aiming to strengthen and advance the work of the Woman's Missionary Union and the causes it supports. By mobilizing resources and providing opportunities for donations, the foundation plays a crucial role in upholding and furthering the mission of the Woman's Missionary Union and its related organizations.
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Impact
July, 2024
The Woman's Missionary Union Foundation has a significant impact on advancing, promoting, and maintaining the Woman's Missionary Union and the various causes it supports, such as missions education. Managing over $18.7 million in endowments and serving as the investment manager for 24 religious organizations with assets totaling $20 million, the foundation plays a crucial role in supporting these exempt purposes. Additionally, the foundation paid out grants exceeding $2.9 million during the year, demonstrating its commitment to making a tangible difference in the community.
This information is meant to be a general summary of Woman's Missionary Union 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: $652,750
- Gross Receipts: $8,045,723
Assets and Liabilities:
- Total Assets: $44,651,931
- Total Liabilities: $21,866,213
- Net Assets: $22,785,718
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Organization Details
Founding Year
1995
Phone
(205) 408-5501Principal Officer
Peggy E Darby
Main Address
100 MISSIONARY RIDGE, BIRMINGHAM, AL, 352425235
Website
www.wmufoundation.comNTEE Category
Code: P58 - Human services
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