Overview
What is Government Street Presbyterian Church Endowment Trust 1255000553?
The Government Street Presbyterian Church Endowment Trust 1255000553 is a charitable entity established to provide ongoing financial support for the church's capital improvements, equipment, repairs, and maintenance, or other designated religious or charitable purposes, as stipulated by the church's session. Based on the information provided, it appears that this trust operates through the support of a bank, specifically Region's Bank, which manages the funds for capital enhancements and upkeep of the church property, with an allocated sum of $99,600.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Government Street Presbyterian Church Endowment Trust has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score is derived solely from its accountability measures, indicating a high level of transparency and governance practices. The organization has achieved perfect scores in categories such as independent board members and the absence of material asset diversion, showcasing its commitment to ethical management.
The trust has a fully independent board, comprising 18 members, which demonstrates its commitment to sound governance. Additional strengths include a robust conflict of interest policy and a whistleblower policy, both of which enhance accountability. Furthermore, the organization maintains an exceptional program expense ratio of 88.25%, indicating that a significant portion of its resources is directed towards its charitable programs.
However, while the data highlights many strengths, it is essential to continually monitor and ensure these practices remain effective and transparent. The absence of any noted limitations in the rating suggests that the organization currently operates with a strong ethical foundation, which is crucial for maintaining donor trust and community support.
This AI summary has been generated from information found on Charity Navigator.
Is Government Street Presbyterian Church Endowment Trust 1255000553 legitimate?
Government Street Presbyterian Church Endowment Trust #1255000553 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Government Street Presbyterian Church Endowment Trust #1255000553 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: $15,388
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Government Street Presbyterian Church Endowment Trust 1255000553?
The Government Street Presbyterian Church Endowment Trust 1255000553 is established with the mission to provide ongoing economic support. This support is intended for capital improvements, equipment, repair, and maintenance of the church or its properties. Additionally, the trust can be utilized for specific religious or charitable purposes, as designated by the session of the Government Street Presbyterian Church. The main objective of this trust is to ensure the long-term financial well-being and upkeep of the church and its related activities.
Who is the CEO of Government Street Presbyterian Church Endowment Trust 1255000553?
Roger Cole is the Member Of Governing Sessio of Government Street Presbyterian Church Endowment Trust #1255000553.
What is the revenue of Government Street Presbyterian Church Endowment Trust 1255000553?
Government Street Presbyterian Church Endowment Trust 1255000553's revenue in 2022 was $120,817.
Who are the executives of Government Street Presbyterian Church Endowment Trust 1255000553 and what are their salaries?
Here are 19 key members and their salaries:
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Where can I find the form 990 for Government Street Presbyterian Church Endowment Trust 1255000553?
Government Street Presbyterian Church Endowment Trust 1255000553's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Government Street Presbyterian Church Endowment Trust 1255000553
The Government Street Presbyterian Church Endowment Trust 1255000553 is established with a mission to provide perpetual economic support. This support is intended for capital improvements, equipment, repairs, and maintenance of the church or its properties. Additionally, the trust can be utilized for specific religious or charitable purposes, as designated by the Session of Government Street Presbyterian Church. This means that the trust is not limited to the church's physical upkeep, but can also contribute to religious or charitable causes as decided by the church's governing body. The primary function of the trust is to ensure the long-term financial stability and enhancement of the church or its related activities, providing a solid foundation for its ongoing operations and growth.
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Impact
October, 2024
The Government Street Presbyterian Church Endowment Trust 1255000553 plays a vital role in ensuring the sustainability and maintenance of church properties in Mobile, AL. By providing perpetual economic support specifically for capital improvements, equipment, repairs, and maintenance, the trust helps preserve the church's infrastructure and enhances its ability to serve the community.
With a significant commitment of $99,600 allocated for capital improvements and maintenance, the trust strengthens the church's capacity to maintain its facilities and provide a welcoming environment for worship and community activities. Additionally, it allows for flexibility in addressing specific religious or charitable purposes as designated by the church's session. This ensures that the church can adapt to changing needs while maintaining its mission and outreach efforts.
Ultimately, the impact of the Government Street Presbyterian Church Endowment Trust extends beyond physical upkeep; it fosters a sense of community, promotes engagement, and enriches the spiritual life of its congregants and the wider community.
This information is meant to be a general summary of Government Street Presbyterian Church Endowment Trust 1255000553. 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: $120,817
- Gross Receipts: $1,321,848
Assets and Liabilities:
- Total Assets: $3,167,585
- Total Liabilities: $0
- Net Assets: $3,167,585
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Organization Details
Founding Year
1995
Phone
(251) 431-8309Principal Officer
Roger Cole
Main Address
REGIONS BANK TTEE PO DRAWER 1628, MOBILE, AL, 366331628
NTEE Category
Code: T70Z - Philanthropy
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