Overview
What is Redeemer Trust Fund?
The Redeemer Trust Fund is a charitable entity wholly managed and funded by the Episcopal Church of the Redeemer in Eagle Pass, Texas. The trust primarily invests its assets in mutual funds, with the revenue generated being allocated towards the upkeep and maintenance of the church's facilities. In instances where maintenance costs surpass the church's pledges, the trust may draw from its principal reserves to cover the excess expenses. The trust is an integral part of the church's operations and ensures the continued upkeep of its facilities, contributing to the overall well-being of the Episcopal Church of the Redeemer in Eagle Pass.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Stars)
The Redeemer Trust Fund has been assigned a One-Star rating by Charity Navigator, which indicates significant deficiencies in accountability and financial practices. With an overall score of 53%, the organization lacks independent board members and has missed key transparency measures, such as having a conflict of interest policy and a whistleblower policy in place. While the organization does not show signs of material asset diversion, the absence of essential governance documentation raises concerns about its operational integrity.
On a positive note, the Redeemer Trust Fund demonstrates strong fiscal responsibility with a program expense ratio of 98.38%, indicating that nearly all of its expenses are directed toward its programs. Additionally, the organization maintains a solid liabilities to assets ratio of 0.00%, suggesting it is not over-leveraged financially. However, the lack of public-accessibility to vital tax documents and other governance materials limits stakeholders' ability to assess the organization's activities and compliance thoroughly.
In summary, while the Redeemer Trust Fund appears to effectively allocate funds toward its programs, its governance practices are lacking, as evidenced by the absence of independent oversight and crucial policies. Prospective donors should consider these factors carefully when evaluating the organization's overall effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Redeemer Trust Fund legitimate?
Redeemer Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redeemer Trust Fund 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
For more financial information, click here
What is the mission statement of Redeemer Trust Fund?
The Redeemer Trust Fund, entirely managed by an Episcopal church, utilizes its funds primarily for the upkeep and maintenance of its facilities. The source of these funds comes from investments in mutual funds, with revenue generated being allocated for this purpose. In instances where the church's pledged funds fall short of the maintenance expenses, the trust may draw from its corpus to cover the additional costs. The mission of the Redeemer Trust Fund, in essence, is to ensure the smooth operation and upkeep of the affiliated church's facilities.
Who is the CEO of Redeemer Trust Fund?
Sammy Juve is the Trustee of Redeemer Trust Fund.
What is the revenue of Redeemer Trust Fund?
Redeemer Trust Fund's revenue in 2022 was $22,585.
Who are the executives of Redeemer Trust Fund and what are their salaries?
There 4 volunteers at Redeemer Trust Fund.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Redeemer Trust Fund?
Redeemer Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Redeemer Trust Fund
The Redeemer Trust Fund, entirely managed and operated by the Episcopal Church of the Redeemer in Eagle Pass, Texas, serves a specific purpose. All income generated from this trust is dedicated to the upkeep and maintenance of the church's facilities. When the church's operational expenses surpass the pledges made by its members, the trust draws upon its corpus to bridge the gap. Essentially, the Redeemer Trust Fund exists to ensure the continued operation and upkeep of the Episcopal Church of the Redeemer's facilities, utilizing its investment earnings to cover any additional expenses that exceed the congregation's pledges.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Redeemer Trust Fund plays a vital role in sustaining the operations and maintenance of the Episcopal Church of the Redeemer in Eagle Pass, Texas. By investing its assets in mutual funds, the trust generates revenue that directly supports the church's facilities. This financial framework ensures that the church can meet its maintenance needs, especially during times when expenses surpass contributions from congregational pledges. Ultimately, the trust helps maintain a space for worship, community gatherings, and various church activities, enriching the spiritual and communal life of Eagle Pass. Through its careful management of resources, the Redeemer Trust Fund enables the church to thrive and serve its community effectively.
This information is meant to be a general summary of Redeemer Trust Fund. 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: $22,585
- Gross Receipts: $22,585
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1977
Phone
(830) 776-0225Principal Officer
Sammy Juve
Main Address
648 Masdison St, Eagle Pass, TX, 78852
NTEE Category
Code: X20 - Religion related
If you are a representative of Redeemer Trust Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.