Overview
What is First Baptist Church Of Universal City Enduring Love Foundation?
The First Baptist Church Of Universal City Enduring Love Foundation is a nonprofit organization situated at 1401 PAT BOOKER RD, UNIVERSAL CITY, TX 78148. Its primary role is to manage and invest donations with the intention of utilizing the generated income exclusively to support the mission activities of First Baptist Church of Universal City. The foundation has reportedly received restricted gifts and generated investment revenue, amounting to $104,834 collectively. Additionally, it has granted $30,000 to the church to contribute to its mission-related activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The First Baptist Church Of Universal City Enduring Love Foundation has received a 76% rating from Charity Navigator, which equates to a Three-Star rating. This score reflects a strong emphasis on Accountability & Finance, indicating that the organization manages its financial resources effectively. Highlights of their performance include a full score in both independent board membership and the absence of material diversion of assets, suggesting a solid governance structure.
However, the organization has notable weaknesses in certain areas of transparency and policy implementation. Specifically, it lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which has affected its overall accountability score. While it is positive that the board meeting minutes are documented, the absence of these key policies may raise concerns regarding operational transparency.
Overall, while the First Baptist Church Of Universal City Enduring Love Foundation demonstrates commendable financial management and governance, it needs to address policy gaps to improve its accountability and transparency further. Enhanced policies would bolster stakeholder confidence and align with best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is First Baptist Church Of Universal City Enduring Love Foundation legitimate?
First Baptist Church Of Universal City Enduring Love Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Baptist Church Of Universal City Enduring Love 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.
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Other Salaries and Wages: $0
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What is the mission statement of First Baptist Church Of Universal City Enduring Love Foundation?
The mission of the First Baptist Church Of Universal City Enduring Love Foundation is centered around managing donations and investments to generate income. This income is then utilized solely for supporting the mission activities of the First Baptist Church of Universal City. The foundation has demonstrated this commitment by distributing a grant of $30,000 towards the church's mission-related endeavors.
Who is the CEO of First Baptist Church Of Universal City Enduring Love Foundation?
Dennis Becker is the Treasurer of First Baptist Church Of Universal City Enduring Love Foundation.
What is the revenue of First Baptist Church Of Universal City Enduring Love Foundation?
First Baptist Church Of Universal City Enduring Love Foundation's revenue in 2022 was $137,958.
Who are the executives of First Baptist Church Of Universal City Enduring Love Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for First Baptist Church Of Universal City Enduring Love Foundation?
First Baptist Church Of Universal City Enduring Love Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Baptist Church Of Universal City Enduring Love Foundation
The First Baptist Church Of Universal City Enduring Love Foundation's primary mission is to serve as a conduit for managing and generating income. This income is specifically earmarked for supporting the mission activities of the First Baptist Church of Universal City. The foundation achieves this by receiving donations and investing the proceeds, with the ultimate goal of providing financial assistance to the church for its various mission-related initiatives. In a notable instance, the foundation awarded a grant of $30,000 to the church to contribute to its mission activities.
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Impact
October, 2024
First Baptist Church Of Universal City Enduring Love Foundation has significantly enhanced the mission activities of First Baptist Church of Universal City through its financial stewardship. By successfully managing gifts and generating income, the foundation has been able to channel substantial resources into meaningful community initiatives.
In the recent fiscal period, the foundation received $33,124.02 in restricted gifts, along with $104,834 in investment revenue. These contributions enabled the foundation to grant $30,000 to First Baptist Church of Universal City, directly supporting its mission-oriented programs and activities. This financial backing empowers the church to reach out to the community, foster spiritual growth, and engage in various outreach endeavors.
Through its efforts, the foundation effectively strengthens the church's capacity to serve, making a lasting impact on the lives of individuals and families in Universal City, Texas.
This information is meant to be a general summary of First Baptist Church Of Universal City Enduring Love 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: $104,834
- Gross Receipts: $137,958
Assets and Liabilities:
- Total Assets: $1,393,789
- Total Liabilities: $0
- Net Assets: $1,393,789
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Organization Details
Founding Year
2002
Phone
(210) 831-1002Principal Officer
Dennis Becker
Main Address
1401 PAT BOOKER RD, UNIVERSAL CTY, TX, 781483928
NTEE Category
Code: X11 - Religion related
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