Overview
What is Memorial Presbyterian Church Endowment Trust?
The Memorial Presbyterian Church Endowment Trust is a nonprofit entity based in San Augustine, Texas, specifically located at 205 E Livingston. Its primary objective is to collect contributions and invest them according to the trust's provisions. The main purpose of this investment is to generate income, which is then distributed to Memorial Presbyterian Church in San Augustine, Texas. This ongoing support is intended to aid and strengthen the church's operations and activities.
Is Memorial Presbyterian Church Endowment Trust legitimate?
Memorial Presbyterian Church Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Presbyterian Church Endowment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Memorial Presbyterian Church Endowment Trust?
The Memorial Presbyterian Church Endowment Trust's primary function is to invest contributions in accordance with its trust provisions. Subsequently, it distributes its net income to support Memorial Presbyterian Church in San Augustine, Texas. The trust's purpose is to provide financial assistance to the church, ensuring its continued operation and growth. The trust serves as a reliable source of income for the church, helping it fulfill its religious and community-related activities. The trust's mission is centered around the investment and distribution of funds, ultimately strengthening the Memorial Presbyterian Church in San Augustine, Texas.
Who is the CEO of Memorial Presbyterian Church Endowment Trust?
Jack Nichols is the Vice Preside of Memorial Presbyterian Church Endowment Trust.
What is the revenue of Memorial Presbyterian Church Endowment Trust?
Memorial Presbyterian Church Endowment Trust's revenue in 2022 was $3,641.
Who are the executives of Memorial Presbyterian Church Endowment Trust and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Memorial Presbyterian Church Endowment Trust?
Memorial Presbyterian Church Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Memorial Presbyterian Church Endowment Trust
The Memorial Presbyterian Church Endowment Trust is an entity that exists to manage contributions made to it. In accordance with its trust provisions, it invests these contributions and distributes its net income to Memorial Presbyterian Church in San Augustine, Texas. Essentially, the role of this trust is to support the operations of the Memorial Presbyterian Church financially. The trust's mission is to ensure a steady flow of funds to the church, thereby aiding in its ongoing operations and upholding its mission.
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Impact
October, 2024
Memorial Presbyterian Church Endowment Trust has a significant impact on the community by providing consistent financial support to the Memorial Presbyterian Church in San Augustine, Texas. Through careful investment of contributions, the trust generates net income that is directed towards the church’s operational and programmatic needs. This steady stream of funding enables the church to enhance its services, outreach, and community engagement efforts, fostering spiritual growth and support for its congregation. As a result, the trust plays a crucial role in the sustainability and vitality of the church's mission, promoting philanthropy and community well-being.
This information is meant to be a general summary of Memorial Presbyterian Church Endowment 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: $3,641
- Gross Receipts: $3,641
Assets and Liabilities:
- Total Assets: $986,413
- Total Liabilities: $0
- Net Assets: $986,413
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Organization Details
Founding Year
1999
Phone
(936) 275-3545Principal Officer
Jack Nichols
Main Address
205 E LIVINGSTON, SAN AUGUSTINE, TX, 75972
NTEE Category
Code: T70 - Philanthropy
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