Overview
What is Mcfarlin Memorial Methodist Episcopal Church Trust?
McFarlin Memorial Methodist Episcopal Church Trust is a nonprofit organization, specifically dedicated to supporting the operational expenses of the McFarlin Memorial Methodist Church located in Norman, Oklahoma. This financial aid enhances the church's efficiency and safeguards its properties against potential losses through insurance coverage. The trust's primary mission is to contribute to the church's ongoing operations, ensuring its smooth functioning and continued service to its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Stars)
Mcfarlin Memorial Methodist Episcopal Church Trust has received a two-star rating from Charity Navigator, indicating a fair level of accountability and finance management. This score is primarily based on their accountability and finance metrics, which reflect the organization's practices in handling its resources. Notably, the trust has demonstrated strong governance with a board composed entirely of independent members, scoring the maximum points in this category.
The organization has also shown a clean financial record with no material diversion of assets and a very favorable liabilities to assets ratio of 0.00%. Furthermore, a significant portion of their expenses, 76.53%, is directed towards program services, which suggests a commitment to their mission and effective use of funds. While these factors contribute positively to their score, the overall rating indicates there may be areas for improvement in financial transparency or efficiency.
Despite the strengths highlighted, the two-star rating suggests that while the Mcfarlin Memorial Methodist Episcopal Church Trust is performing reasonably well, there are still aspects of financial management and overall operations that could benefit from enhancement to reach higher standards in nonprofit effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mcfarlin Memorial Methodist Episcopal Church Trust legitimate?
Mcfarlin Memorial Methodist Episcopal Church Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcfarlin Memorial Methodist Episcopal Church Trust 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: $11,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mcfarlin Memorial Methodist Episcopal Church Trust?
The McFarlin Memorial Methodist Episcopal Church Trust's mission is focused on providing financial assistance for the operations of a church. Specifically, its purpose is to support the functioning of the McFarlin Memorial Methodist Church in Norman, Oklahoma, enhancing its efficiency and offering insurance protection against property loss. This financial backing allows the church to effectively carry out its religious and community activities.
Who is the CEO of Mcfarlin Memorial Methodist Episcopal Church Trust?
William L Eagleton Iv is the Successor Trustee of Mcfarlin Memorial Methodist Episcopal Church Trust.
What is the revenue of Mcfarlin Memorial Methodist Episcopal Church Trust?
Mcfarlin Memorial Methodist Episcopal Church Trust's revenue in 2022 was $55,339.
Who are the executives of Mcfarlin Memorial Methodist Episcopal Church Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $11,366
- Related: $0
- Other: $0
Where can I find the form 990 for Mcfarlin Memorial Methodist Episcopal Church Trust?
Mcfarlin Memorial Methodist Episcopal Church Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mcfarlin Memorial Methodist Episcopal Church Trust
McFarlin Memorial Methodist Episcopal Church Trust is a nonprofit entity with the primary mission of offering financial support to the operations of McFarlin Memorial Methodist Church in Norman, Oklahoma. This mission serves to enhance the church's efficiency by providing necessary funds. Furthermore, the trust also ensures financial protection for the church by offering insurance coverage against potential property loss. In essence, McFarlin Memorial Methodist Episcopal Church Trust plays a crucial role in the church's smooth functioning, supporting its daily operations and safeguarding its assets.
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Impact
October, 2024
The McFarlin Memorial Methodist Episcopal Church Trust significantly enhances the operational efficiency of the McFarlin Memorial Methodist Church in Norman, Oklahoma. By providing vital financial support, it ensures that the church can sustain its programs and services, enabling the congregation to thrive. This funding not only aids in everyday church functions but also offers insurance protection that mitigates potential losses related to property. Overall, the trust plays a crucial role in maintaining the church's presence and outreach within the community, fostering a stable environment for spiritual growth and engagement.
This information is meant to be a general summary of Mcfarlin Memorial Methodist Episcopal Church Trust. 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: $42,650
- Gross Receipts: $210,911
Assets and Liabilities:
- Total Assets: $813,106
- Total Liabilities: $0
- Net Assets: $813,106
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Organization Details
Founding Year
1930
Phone
(918) 581-5511Principal Officer
William L Eagleton Iv
Main Address
2847 E 58th St, Tulsa, OK, 74105
NTEE Category
Code: X110 - Religion related
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