Overview
What is Legacy Endowment Fund For Preaching Scholarships Inc?
Legacy Endowment Fund For Preaching Scholarships Inc is a nonprofit organization that offers scholarships to students pursuing ministries within the Christian Church. These scholarships carry a significant financial aid of $40,000. The organization's primary mission is to support and empower future Christian Church ministers, contributing to the growth and development of religious leaders within this community.
Official website here: www.legacy endowment fund for preaching scholarships inc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
The Legacy Endowment Fund for Preaching Scholarships Inc has achieved an 83% rating, indicating a solid level of accountability and financial health. The rating is primarily based on its accountability and finance metrics, which reflect a strong commitment to transparency and responsible management of funds. The organization boasts a fully independent board, demonstrating a commendable governance structure.
Strengths highlighted include a 99.95% program expense ratio, suggesting that nearly all of its resources are directed towards its mission of supporting preaching scholarships. Additionally, the charity has no reported material diversion of assets, which enhances its trustworthiness. However, it should be noted that the organization lacks a whistleblower policy and document retention and destruction policy, which are areas for improvement in its governance practices.
Overall, while the Legacy Endowment Fund is performing well in key areas, addressing the noted shortcomings could further bolster its accountability and operational effectiveness. The high percentage of independent board members and commitment to transparency position the organization positively within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy Endowment Fund For Preaching Scholarships Inc legitimate?
Legacy Endowment Fund For Preaching Scholarships Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Endowment Fund For Preaching Scholarships Inc 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
For more financial information, click here
Official website here: www.legacy endowment fund for preaching scholarships inc
What is the mission statement of Legacy Endowment Fund For Preaching Scholarships Inc?
The Legacy Endowment Fund For Preaching Scholarships Inc is committed to offering financial aid in the form of scholarships, specifically to students pursuing a career in preaching within the Christian Church. The organization's primary mission is to provide scholarships in substantial amounts of $40,000 to these students, thus supporting their educational journey and future within the ministry. The Fund's activities primarily revolve around providing these scholarships, thereby fostering the development of Christian Church ministerial leaders.
Official website here: www.legacy endowment fund for preaching scholarships inc
Who is the CEO of Legacy Endowment Fund For Preaching Scholarships Inc?
Charles L Evans is the Director of Legacy Endowment Fund For Preaching Scholarships Inc.
Official website here: www.legacy endowment fund for preaching scholarships inc
What is the revenue of Legacy Endowment Fund For Preaching Scholarships Inc?
Legacy Endowment Fund For Preaching Scholarships Inc's revenue in 2022 was $34,871.
Official website here: www.legacy endowment fund for preaching scholarships inc
Who are the executives of Legacy Endowment Fund For Preaching Scholarships Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.legacy endowment fund for preaching scholarships inc
Where can I find the form 990 for Legacy Endowment Fund For Preaching Scholarships Inc?
Legacy Endowment Fund For Preaching Scholarships Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legacy endowment fund for preaching scholarships inc
Learn more at the official website: www.legacy endowment fund for preaching scholarships inc
Mission Statement of Legacy Endowment Fund For Preaching Scholarships Inc
The Legacy Endowment Fund For Preaching Scholarships Inc is dedicated to providing financial aid to Christian Church ministerial students. Their mission revolves around offering scholarships worth $40,000 to individuals pursuing a career in preaching within the Christian Church. This nonprofit organization's programs primarily focus on this scholarship initiative, aiming to support and empower future religious leaders of the Christian Church.
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Impact
August, 2024
The impact of Legacy Endowment Fund For Preaching Scholarships Inc is evident in its support for Christian Church ministerial students through the provision of $40,000 scholarships. By offering financial assistance to these students, the organization is helping to ensure the future of Christian preaching by enabling individuals to pursue their educational and vocational goals in this field. This support not only benefits the scholarship recipients but also contributes to the overall strength and vitality of the Christian Church community.
This information is meant to be a general summary of Legacy Endowment Fund For Preaching Scholarships Inc. 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: -$26,756
- Gross Receipts: $34,871
Assets and Liabilities:
- Total Assets: $344,435
- Total Liabilities: $0
- Net Assets: $344,435
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Organization Details
Founding Year
2019
Phone
(405) 740-3306Principal Officer
Charles L Evans
Main Address
6409 W Captain Dr, Oklahoma City, OK, 73162
NTEE Category
Code: B82 - Education
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