Overview
What is Kunath Trust Fund He & Selma?
The Kunath Trust Fund He & Selma, identified as H Edwin and Selma M Kunath Trust Fund #2571frost Bank Trustee, is a charitable fund established to aid Grace Evangelical Lutheran Church located in San Antonio, Texas. The fund's creator, also known as the Settlor, designated the church as the primary beneficiary of the trust. The programs supported by this fund are specifically intended for the enrichment and upkeep of Grace Evangelical Lutheran Church, located at 504 Avenue E, San Antonio, TX 78215. While the details of the fund's activities are not provided, it can be inferred that the fund contributes to the church's operations and initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
Kunath Trust Fund He & Selma has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The charity scores notably well in program expenses, with 82.69% of its funds allocated directly to its programs, suggesting a strong commitment to its mission. However, the overall accountability and financial management aspects raise some concerns, particularly due to the absence of independent board members, which is a significant factor in governance.
The organization has policies in place for conflict of interest, whistleblowing, and document retention, all scoring well, which reflects some level of internal governance structure. However, the charity faces issues with transparency, as it lacks a publicly accessible website that includes essential documents such as its tax form, which was missing in the review. This lack of transparency could hinder trust and accountability with potential donors and stakeholders.
Overall, while Kunath Trust Fund He & Selma demonstrates a solid commitment to its programs, it needs to enhance its governance by increasing board independence and improving public access to important financial documents to strengthen its rating and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Kunath Trust Fund He & Selma legitimate?
Kunath Trust Fund He & Selma is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kunath Trust Fund He & Selma 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: $3,455
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kunath Trust Fund He & Selma?
The Kunath Trust Fund, established to support Grace Evangelical Lutheran Church, is focused on funding programs that align with the church's objectives. The Settlor of the Trust has specified that the programs the Trust should back include those of Grace Evangelical Lutheran Church, located in San Antonio, TX. The Trust's mission, therefore, revolves around contributing to the church's initiatives and activities.
Who is the CEO of Kunath Trust Fund He & Selma?
Frost Bank is the Trustee of Kunath Trust Fund He & Selma.
What is the revenue of Kunath Trust Fund He & Selma?
Kunath Trust Fund He & Selma's revenue in 2022 was $8,569.
Who are the executives of Kunath Trust Fund He & Selma and what are their salaries?
There is 1 key member and their salary:
- Compensation: $3,455
- Related: $0
- Other: $0
Where can I find the form 990 for Kunath Trust Fund He & Selma?
Kunath Trust Fund He & Selma's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kunath Trust Fund He & Selma
The Kunath Trust Fund, named after H Edwin and Selma M Kunath, is a charitable organization established with a specific mission. Directed by the Settlor, this trust fund supports the Grace Evangelical Lutheran Church in San Antonio, Texas. The programs sponsored by the Trust are intended to aid and uplift this religious institution. The Settlor's vision for the Trust involves the direct involvement of Grace Evangelical Lutheran Church, located at 504 Avenue E, San Antonio, TX 78215. In essence, the Kunath Trust Fund's mission is to contribute to the growth and development of the Grace Evangelical Lutheran Church, as directed by its Settlor.
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Impact
October, 2024
The Kunath Trust Fund He & Selma significantly impacts Grace Evangelical Lutheran Church in San Antonio, Texas, by providing essential financial support for various programs. This trust fund was established to further the mission and activities of the church, enhancing its ability to serve the community. By funding educational initiatives and church-related programs, it plays a vital role in fostering a vibrant spiritual environment and promoting community engagement. The resources from the Kunath Trust enable the church to expand its outreach, support its congregation, and contribute to the overall development and well-being of the San Antonio community.
This information is meant to be a general summary of Kunath Trust Fund He & Selma. 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: $8,569
- Gross Receipts: $37,948
Assets and Liabilities:
- Total Assets: $224,108
- Total Liabilities: $0
- Net Assets: $224,108
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Organization Details
Founding Year
1974
Phone
(210) 220-4997Principal Officer
Frost Bank
Main Address
PO BOX 2950 TAX DEPT FLOOR 5, SAN ANTONIO, TX, 78299
NTEE Category
Code: B82 - Education
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