Overview
What is Community Chest Of San Antonio Tr F0156100?
Community Chest of San Antonio Tr F0156100 is a charitable trust, now known as United Way of San Antonio, that is managed by Frost Bank as its institutional trustee. The trust's main purpose, as per its governing document, is to support the Community Chest of San Antonio, which has since transformed into the United Way of San Antonio. Frost Bank adheres to the trust's directions in carrying out its mission. Although the information does not provide specific details about the activities or programs of the trust, it is established to contribute to the community through the United Way of San Antonio.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
Community Chest of San Antonio has received a Two-Star rating from Charity Navigator, reflecting a score of 74%. This score is primarily derived from the Accountability & Finance beacon, indicating that the charity has room for improvement in its governance practices. A notable concern is the lack of independent board members, which can impact transparency and accountability.
Despite these governance issues, the organization demonstrates strong financial health, as evidenced by a program expense ratio of 96.15%. This suggests that the vast majority of its expenditures go directly towards its programs, which is a positive indicator of its commitment to fulfilling its mission. Additionally, the charity has solid policies in place concerning conflict of interest, whistleblower protections, and document retention.
However, the organization has been noted for missing critical transparency benchmarks, such as having a website listed on its tax form and failing to make its tax form available on its website. These gaps in accessibility may hinder potential donors and stakeholders from fully understanding the organization's operations and financial status.
This AI summary has been generated from information found on Charity Navigator.
Is Community Chest Of San Antonio Tr F0156100 legitimate?
Community Chest Of San Antonio Tr F0156100 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Chest Of San Antonio Tr F0156100 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: $1,778
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Community Chest Of San Antonio Tr F0156100?
The Community Chest of San Antonio Trust F0156100, overseen by Frost Bank, follows the instructions outlined in its governing document. The primary objective of this trust is to support the Community Chest of San Antonio, now known as the United Way of San Antonio. While the provided information does not include a specific mission statement, it implies that the trust aims to contribute to the charitable work and community support initiatives undertaken by the United Way of San Antonio.
Who is the CEO of Community Chest Of San Antonio Tr F0156100?
Debbie Broemsen is the Trustee of Community Chest Of San Antonio Tr F0156100.
What is the revenue of Community Chest Of San Antonio Tr F0156100?
Community Chest Of San Antonio Tr F0156100's revenue in 2023 was -$2,426.
Who are the executives of Community Chest Of San Antonio Tr F0156100 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Chest Of San Antonio Tr F0156100?
Community Chest Of San Antonio Tr F0156100's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Community Chest Of San Antonio Tr F0156100
Community Chest Of San Antonio Tr F0156100, as per its governing document, is overseen by Frost Bank and serves to support the United Way of San Antonio. The testamentary trust's primary objective is to contribute to the Community Chest of San Antonio, now known as the United Way of San Antonio. This nonprofit organization aims to enhance the community by channeling resources towards various charitable causes. By adhering to the directions provided in the trust's governing document, Frost Bank executes the trust's mission to support the United Way of San Antonio.
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Impact
October, 2024
Community Chest of San Antonio, now known as the United Way of San Antonio, plays a significant role in fostering community well-being. Its foundation, originally set up as a testamentary trust, facilitates the distribution of resources aimed at addressing critical needs within the San Antonio area.
By collaborating with Frost Bank, the institutional trustee, the trust ensures that financial support is allocated in accordance with its governing documents. This structured approach allows for effective and organized funding of initiatives that promote education, health, and economic opportunity for local residents.
The impact of this organization extends to various community programs, empowering individuals and families to improve their quality of life. Through strategic partnerships and funding initiatives, it addresses the root causes of social issues and provides essential services that enhance community resilience. Overall, the presence of the Community Chest of San Antonio fosters a spirit of philanthropy and collective responsibility, contributing positively to the region's social fabric.
This information is meant to be a general summary of Community Chest Of San Antonio Tr F0156100. 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 2023.
- Investment Income: -$2,426
- Gross Receipts: $177,871
Assets and Liabilities:
- Total Assets: $997,561
- Total Liabilities: $0
- Net Assets: $997,561
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Organization Details
Founding Year
1968
Phone
(210) 220-4623Principal Officer
Debbie Broemsen
Main Address
P O BOX 2950 TAX DEPT FLOOR 5, SAN ANTONIO, TX, 782992950
NTEE Category
Code: T700 - Philanthropy
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