Overview
What is Holy Comforter Endowment Fund?
The Holy Comforter Endowment Fund is a nonprofit organization situated in Angleton, Texas. Its primary mission is to provide financial support to the Holy Comforter Episcopal Church. By doing so, the fund contributes to the church's overall operations and sustenance. The organization's activities and mission are centered around this financial support, aiming to ensure the church's continued growth and service to its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (73%)
The Holy Comforter Endowment Fund has received a "Needs Improvement" rating, indicating areas that require attention, despite having strong scores in several categories. The organization boasts a perfect score for its majority independent board members and has no material diversion of assets, showcasing a commitment to financial integrity and governance.
However, the fund has significant limitations, particularly in its accountability practices. Key documents, such as the tax form, conflict of interest policy, whistleblower policy, and document retention policy, are missing, which detracts from its transparency and governance standards. These omissions may raise concerns among potential donors regarding the organization's operational practices.
Overall, while the Holy Comforter Endowment Fund demonstrates strong financial management and governance frameworks, the lack of essential policies and documentation signals a need for improvement in its accountability and transparency efforts. Addressing these deficiencies could enhance trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Comforter Endowment Fund legitimate?
Holy Comforter Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Comforter Endowment Fund 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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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Holy Comforter Endowment Fund?
The Holy Comforter Endowment Fund's mission is centered around providing financial support. More specifically, it focuses on aiding the Holy Comforter Episcopal Church and its associated school. This support likely encompasses various aspects, such as funding for operational expenses, infrastructure development, and potential scholarships for the school. The endowment fund serves as a financial backbone, ensuring the continuity and growth of these religious and educational institutions.
Who is the CEO of Holy Comforter Endowment Fund?
Ken Box is the President of Holy Comforter Endowment Fund.
What is the revenue of Holy Comforter Endowment Fund?
Holy Comforter Endowment Fund's revenue in 2022 was $40,021.
Who are the executives of Holy Comforter Endowment Fund and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Holy Comforter Endowment Fund?
Holy Comforter Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Holy Comforter Endowment Fund
The Holy Comforter Endowment Fund is dedicated to providing financial support for the Holy Comforter Episcopal Church and its affiliated school. This nonprofit organization's mission is centered around ensuring the financial stability and growth of the church and its educational institution, ensuring they can continue their services and community outreach. Through its financial backing, the Holy Comforter Endowment Fund plays a crucial role in supporting the church's operations and helping the school provide quality education to its students.
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Impact
October, 2024
The Holy Comforter Endowment Fund plays a vital role in sustaining and enhancing the mission of Holy Comforter Episcopal Church and School in Angleton, TX. By providing essential financial support, the Fund enables the church and school to thrive, ensuring that they can continue to serve the community through various programs and initiatives. This financial backing allows for the maintenance of facilities, development of educational resources, and support for community outreach efforts. As a result, the Holy Comforter Endowment Fund significantly impacts both the spiritual and educational landscape of the area, fostering a strong, engaged community anchored in faith and learning.
This information is meant to be a general summary of Holy Comforter Endowment Fund. 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: $39,991
- Gross Receipts: $40,021
Assets and Liabilities:
- Total Assets: $612,060
- Total Liabilities: $0
- Net Assets: $612,060
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Organization Details
Founding Year
1983
Phone
(979) 864-7441Principal Officer
Ken Box
Main Address
PO BOX 786, ANGLETON, TX, 77515
NTEE Category
Code: X20I - Religion related
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