Overview
What is Coker Umc Permanent Endowment Fund?
The Coker Umc Permanent Endowment Fund, based in San Antonio, Texas, serves as a supporting organization for Coker United Methodist Church, Inc. Its primary role is to manage and utilize the fund's assets and income for charitable purposes, providing financial aid to the church and initiatives aligned with its values. Established with the intent to hold an endowment fund, the Coker Umc Permanent Endowment Fund aims to offer financial support to Coker United Methodist Church and its consistently backed charitable missions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Coker Umc Permanent Endowment Fund has achieved a strong score of 94%, earning a Four-Star rating from Charity Navigator. This high score reflects the organization's commitment to accountability and financial transparency, as it is based entirely on a single beacon score focused on these areas. The fiscal year for which this score is calculated is FY2022.
The organization demonstrates notable strengths, including a fully independent board with a composition of 9 independent members, earning the maximum points in this category. It also has effective policies in place, with a conflict of interest policy, whistleblower policy, and document retention policy all listed, which further emphasizes its commitment to ethical governance. Additionally, the fund maintains an impressive program expense ratio of 93.56%, indicating that a significant portion of its resources is directed towards its programs and mission.
While the data is largely positive, it's essential for potential donors and stakeholders to consider that the overall rating is heavily weighted towards accountability and finance. There may be limited information regarding the impact and effectiveness of the fund's programs, which should be noted when evaluating the organization's overall performance and potential areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Coker Umc Permanent Endowment Fund legitimate?
Coker Umc Permanent Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coker Umc Permanent 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Coker Umc Permanent Endowment Fund?
The Coker United Methodist Church Permanent Endowment Fund (PEF) was established as a supporting organization to manage an endowment fund benefiting Coker United Methodist Church Inc., located in San Antonio, Texas. The primary objective of the Coker UMC Permanent Endowment Fund is to administer its assets and income for exclusive charitable purposes, providing financial support to Coker United Methodist Church and any programs or charitable missions consistently backed by Coker UMC Inc. The fund's aim is to contribute to the church's growth and its mission, ensuring its sustainability and continued impact in the community.
Who is the CEO of Coker Umc Permanent Endowment Fund?
Richard Mcmanus is the Member of Coker Umc Permanent Endowment Fund.
What is the revenue of Coker Umc Permanent Endowment Fund?
Coker Umc Permanent Endowment Fund's revenue in 2022 was $171,907.
Who are the executives of Coker Umc Permanent Endowment Fund and what are their salaries?
There 9 volunteers at Coker Umc Permanent Endowment Fund.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Coker Umc Permanent Endowment Fund?
Coker Umc Permanent Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coker Umc Permanent Endowment Fund
The Coker United Methodist Church Permanent Endowment Fund, often referred to as Coker Umc Permanent Endowment Fund, was established with a mission to support Coker United Methodist Church, Inc. in San Antonio, Texas. This supporting organization holds an endowment fund, the income from which is dedicated to charitable purposes. The fund's objective is to provide financial assistance to Coker United Methodist Church and any programs or missions consistently backed by the church. By administering the fund assets, the Coker Umc Permanent Endowment Fund aims to contribute to the church's welfare and further its charitable objectives.
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Impact
October, 2024
The Coker UMC Permanent Endowment Fund plays a vital role in sustaining and enhancing the mission and programs of Coker United Methodist Church, Inc. in San Antonio, Texas. By administering its assets and income for charitable purposes, the fund ensures a reliable source of financial support for various church initiatives and missions. This support enables the church to engage more deeply with its community, expand outreach programs, and provide a range of social and spiritual services that align with its mission.
Through the careful management of its endowment, the fund facilitates long-term stability and growth, empowering Coker UMC to invest in new projects and initiatives. The impact of these contributions can be seen in the enhancement of worship services, community services, educational programs, and various charitable missions that the church consistently supports. Ultimately, the Coker UMC Permanent Endowment Fund helps to cultivate a thriving community of faith that positively influences the lives of its members and the broader San Antonio area.
This information is meant to be a general summary of Coker Umc Permanent 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: $19,452
- Gross Receipts: $171,907
Assets and Liabilities:
- Total Assets: $1,261,065
- Total Liabilities: $29,550
- Net Assets: $1,231,515
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Organization Details
Founding Year
2017
Phone
(210) 494-3455Principal Officer
Richard Mcmanus
Main Address
231 E NORTH LOOP RD, SAN ANTONIO, TX, 78216
NTEE Category
Code: X11 - Religion related
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