Overview
What is First United Methodist Church Foundation Of Sulphur Springs Texas?
The First United Methodist Church Foundation of Sulphur Springs Texas is a nonprofit organization that supports the local First United Methodist Church. Located at 301 Church Street, Sulphur Springs, Texas 75482, the foundation's primary purpose is to provide financial aid, supplementing the church's income that may not be sufficient to carry out its programs and missions. By doing so, the foundation assists the church in fulfilling its mission and serving the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The First United Methodist Church Foundation of Sulphur Springs Texas has received a solid Three-Star rating from Charity Navigator, primarily based on its accountability and finance performance. The organization achieved a perfect score in several areas, including having a fully independent board and a 0.00% liabilities to assets ratio, indicating sound financial management practices.
Strengths of the foundation include its commitment to transparency and accountability, as evidenced by its documented board meeting minutes and a clear conflict of interest policy. Furthermore, the foundation operates with a 100% program expense ratio, suggesting that all its resources are directed towards fulfilling its mission rather than administrative costs.
However, while the rating reflects strong management practices, there are no specific details provided about the foundation's programmatic impact or community engagement. Overall, the foundation demonstrates a commitment to fiscal responsibility, which is crucial for donor confidence and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is First United Methodist Church Foundation Of Sulphur Springs Texas legitimate?
First United Methodist Church Foundation Of Sulphur Springs Texas is a legitimate nonprofit organization registered as a 501(c)(3) entity. First United Methodist Church Foundation Of Sulphur Springs Texas 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of First United Methodist Church Foundation Of Sulphur Springs Texas?
The mission of the First United Methodist Church Foundation of Sulphur Springs Texas is to provide assistance, leveraging funds from its investments. This aid is intended to supplement the income of the First United Methodist Church of Sulphur Springs, ensuring that the church has sufficient resources to execute its programs and carry out its missions. The foundation's ultimate goal is to support the church, thereby enabling it to fulfill its religious and community responsibilities effectively.
Who is the CEO of First United Methodist Church Foundation Of Sulphur Springs Texas?
Tom Sellers is the Chairperson/Trustee of First United Methodist Church Foundation Of Sulphur Springs Texas.
What is the revenue of First United Methodist Church Foundation Of Sulphur Springs Texas?
First United Methodist Church Foundation Of Sulphur Springs Texas's revenue in 2022 was $6.
Who are the executives of First United Methodist Church Foundation Of Sulphur Springs Texas and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for First United Methodist Church Foundation Of Sulphur Springs Texas?
First United Methodist Church Foundation Of Sulphur Springs Texas's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First United Methodist Church Foundation Of Sulphur Springs Texas
The First United Methodist Church Foundation of Sulphur Springs Texas exists with a mission to aid the First United Methodist Church of Sulphur Springs. This support is essential to enable the local church to execute its programs and missions effectively. The foundation's primary role is to supplement the church's income, as its current revenue may not be sufficient to accomplish its goals. By providing financial assistance, the foundation enables the church to carry out its mission and serve its community more comprehensively.
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Impact
October, 2024
The First United Methodist Church Foundation of Sulphur Springs plays a vital role in enhancing the church's ability to fulfill its mission and serve the community. By generating income through investments, the foundation provides essential financial support that supplements the church’s resources, ensuring that its programs and ministries can continue to thrive. This funding allows the church to carry out various services and outreach activities that address the needs of the Sulphur Springs community, fostering spiritual growth and connection among its members. The foundation’s contributions are instrumental in sustaining the church’s initiatives, enabling it to make a positive impact in the lives of those it serves.
This information is meant to be a general summary of First United Methodist Church Foundation Of Sulphur Springs Texas. 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: $6
- Gross Receipts: $6
Assets and Liabilities:
- Total Assets: $458,654
- Total Liabilities: $0
- Net Assets: $458,654
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Organization Details
Founding Year
2000
Phone
(903) 885-2185Principal Officer
Tom Sellers
Main Address
301 CHURCH ST, SULPHUR SPRINGS, TX, 75482
NTEE Category
Code: X12 - Religion related
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