Overview
What is University Christian Legacy Fund?
University Christian Legacy Fund is a supporting organization, established to aid and serve Community Ministries International (CMI), a 501(c)(3) nonprofit. Located in Tempe, Arizona, it primarily manages a property at 1034 S Mill Avenue, acting as a landlord to Campus Christian Center, LLC, a disregarded entity of CMI. The organization's primary function is to uphold and carry out the purposes of Community Ministries International, providing support and performing tasks in its stead.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%
The University Christian Legacy Fund has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 40%, the organization demonstrates strengths in governance, including a fully independent board and no material diversion of assets. However, critical weaknesses are evident in areas such as missing policies for whistleblower protections and document retention, which detrimentally impact its transparency and governance.
Despite meeting expectations for board meeting documentation, the absence of key policies and the lack of publicly available tax documents raise questions about the organization's overall operational integrity. Moreover, the program expense ratio of 0.00% suggests that the organization may not be effectively allocating funds towards its stated mission, which could hinder its ability to achieve impact in the community it serves.
Overall, while the University Christian Legacy Fund displays some positive governance features, serious deficiencies in financial transparency and accountability overshadow these strengths. Prospective donors and stakeholders may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is University Christian Legacy Fund legitimate?
University Christian Legacy Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Christian Legacy 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of University Christian Legacy Fund?
The University Christian Legacy Fund was established to support the functions and purposes of Community Ministries International, a 501(c)(3) non-profit organization. Its primary role is to operate as a supporting organization and carry out the mission of Community Ministries International. The University Christian Legacy Fund currently manages a property on behalf of Community Ministries International, located at 1034 S Mill Avenue in Tempe, AZ. However, the mission statement or specific objectives of the University Christian Legacy Fund itself are not provided in the given information.
What is the revenue of University Christian Legacy Fund?
University Christian Legacy Fund's revenue in 2023 was $3,600.
Who are the executives of University Christian Legacy Fund and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for University Christian Legacy Fund?
University Christian Legacy Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of University Christian Legacy Fund
The University Christian Legacy Fund was established with a mission to support, perform functions for, or carry out the purposes of Community Ministries International, a 501(c)(3) tax-exempt organization. In essence, the University Christian Legacy Fund serves as a backing entity for Community Ministries International, aiming to further its objectives and accomplishments. The fund does not disclose its specific goals or activities, but it is clear that its mission is to contribute positively to the work of Community Ministries International. Currently, the University Christian Legacy Fund manages a property at 1034 S Mill Avenue in Tempe, AZ on behalf of Community Ministries International. Campus Christian Center, LLC, a disregarded entity of CMI, is the sole tenant on the property. This demonstrates the University Christian Legacy Fund's role in managing assets and properties on behalf of Community Ministries International, furthering its mission to support the organization's objectives and purposes.
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Impact
October, 2024
The University Christian Legacy Fund plays a crucial role in supporting and enhancing community initiatives through its management of the property located at 1034 S Mill Avenue, Tempe, AZ. By overseeing this asset on behalf of Community Ministries International (CMI), the Fund ensures that resources are allocated effectively to support various community ministries and programs.
The primary impact lies in its ability to facilitate the functions of CMI, which works towards fostering spiritual growth and community service. By providing a dedicated location for the Campus Christian Center, the Fund creates a hub for religious activities, outreach initiatives, and community support, contributing to the overall mission of promoting religious values and community welfare. Thus, the University Christian Legacy Fund significantly enriches the lives of individuals and families in Tempe by creating an environment conducive to faith, fellowship, and service.
This information is meant to be a general summary of University Christian Legacy 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 2023.
- Gross Receipts: $3,600
Assets and Liabilities:
- Total Assets: $1,112,626
- Total Liabilities: $1,685
- Net Assets: $1,110,941
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Organization Details
Founding Year
2015
Principal Officer
Laurie Quihuis
NTEE Category
Code: X19 - Religion related
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