Overview
What is Permanent Endowment Fund Of Moody Methodist Church?
The Permanent Endowment Fund of Moody Memorial First Methodist Church (PEF) is a nonprofit organization situated in Galveston, Texas, with a US address at 2200 Market Street, ZIP code 77550. With a modest workforce of four individuals, PEF contributes to the religious, charitable, educational, and missional objectives of Moody Methodist Church and the United Methodist Church. The Endowment's primary focus is on furthering the care of people in the name and spirit of Jesus Christ. It holds, manages, and distributes funds exclusively for the religious, charitable, and educational purposes of Moody Methodist Church.
Official website here: www.moodypef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating) from Charity Navigator.
The Permanent Endowment Fund of Moody Methodist Church holds an impressive Four-Star rating, indicating a strong commitment to accountability and finance. With a score of 96%, the organization excels in key areas such as having a fully independent board and maintaining a robust audit and oversight committee, showcasing its dedication to transparency and responsible management of funds.
Strengths include a high program expense ratio of 95.27%, which suggests that the majority of its resources are directed towards its charitable programs rather than administrative costs. Additionally, the organization has implemented various policies, such as conflict of interest and whistleblower policies, which further enhance its governance standards. These elements contribute positively to its overall effectiveness and trustworthiness.
While the organization demonstrates strong financial health and governance practices, the summary does not indicate any limitations or areas of concern. This solid performance positions the Permanent Endowment Fund of Moody Methodist Church as a reliable option for donors seeking to contribute to a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Permanent Endowment Fund Of Moody Methodist Church legitimate?
Permanent Endowment Fund Of Moody Methodist Church is a legitimate nonprofit organization registered as a 501(c)(3) entity. Permanent Endowment Fund Of Moody Methodist Church 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: $321,763
Professional Fundraising Fees: $0
Other Salaries and Wages: $84,836
For more financial information, click here
Official website here: www.moodypef.org
What is the mission statement of Permanent Endowment Fund Of Moody Methodist Church?
The Permanent Endowment Fund of Moody Methodist Church is dedicated to supporting the religious, charitable, and educational endeavors of the Moody Methodist Church and the United Methodist Church. Through the management and distribution of funds, the Endowment helps further the mission of providing care and assistance in the name and spirit of Jesus Christ. The mission of the Endowment is to administer and distribute funds exclusively for the benefit of these causes, contributing to the overall well-being and growth of the religious community.
Official website here: www.moodypef.org
Who is the CEO of Permanent Endowment Fund Of Moody Methodist Church?
Bert R Bagley is the Principal Officer of Permanent Endowment Fund Of Moody Methodist Church.
Official website here: www.moodypef.org
What is the revenue of Permanent Endowment Fund Of Moody Methodist Church?
Permanent Endowment Fund Of Moody Methodist Church's revenue in 2022 was $12,563,184.
Official website here: www.moodypef.org
Who are the executives of Permanent Endowment Fund Of Moody Methodist Church and what are their salaries?
The average compensation at Permanent Endowment Fund Of Moody Methodist Church during 2022 was $101,650. There are 4 employees and 20 volunteers at Permanent Endowment Fund Of Moody Methodist Church.
Here are 11 key members and their salaries:
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- Compensation: $171,360
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- Other: $40,090
- Compensation: $107,100
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- Other: $3,213
Official website here: www.moodypef.org
Where can I find the form 990 for Permanent Endowment Fund Of Moody Methodist Church?
Permanent Endowment Fund Of Moody Methodist Church's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.moodypef.org
Learn more at the official website: www.moodypef.org
Mission Statement of Permanent Endowment Fund Of Moody Methodist Church
The Permanent Endowment Fund of Moody Methodist Church, or PEF, is dedicated to furthering the religious, charitable, and educational pursuits of Moody Methodist Church and the United Methodist Church, all in the name and spirit of Jesus Christ. In essence, the Endowment serves as a philanthropic entity, managing and distributing funds to support the broad mission of the Moody Methodist Church. By holding and administering these resources, the Endowment enables the religious institution to make a greater impact in its community and beyond.
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Impact
October, 2024
The Permanent Endowment Fund of Moody Methodist Church plays a crucial role in advancing the care of individuals and the community in the Name and Spirit of Jesus Christ. By holding, administering, and distributing funds, it supports a range of religious, charitable, educational, and missional initiatives. This commitment not only bolsters the activities of the Moody Methodist Church but also extends its impact within the broader framework of the United Methodist Church.
In Galveston, TX, the fund enables various programs and services aimed at enhancing spiritual growth, community outreach, and educational opportunities. By providing financial resources for these initiatives, the endowment ensures that the church can continue to serve its mission effectively, fostering a compassionate and supportive environment for all. Its contributions help to address pressing needs, promote spiritual and personal development, and strengthen community bonds, ultimately embodying the church's commitment to living out its faith through action.
This information is meant to be a general summary of Permanent Endowment Fund Of Moody Methodist Church. 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: $4,328,899
- Gross Receipts: $19,392,266
Assets and Liabilities:
- Total Assets: $104,208,828
- Total Liabilities: $560,472
- Net Assets: $103,648,356
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Organization Details
Founding Year
1980
Phone
(409) 443-5577Principal Officer
Bert R Bagley
Main Address
2200 Market Street, Galveston, TX, 77550
Website
www.moodypef.orgNTEE Category
Code: X21 - Religion related
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