Overview
What is Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt?
The Serenity Foundation 2019 Endowment Trust C/O First Financial Trust and Asset Management is a charitable organization based in Abilene, Texas. Its primary mission is to support the operations of the Serenity Foundation of Texas, a public charity. The foundation's activities are geared towards providing essential support to further the objectives of the Serenity Foundation of Texas, although specific details about their programs or initiatives are not specified in the provided information.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 1-Star out of Four Stars (53%)
The Serenity Foundation 2019 Endowment Trust has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The organization has not established an independent board, which is critical for unbiased governance. Additionally, the absence of essential policies, such as conflict of interest and whistleblower protections, further diminishes trust in its operations.
Despite these weaknesses, the foundation does demonstrate a positive aspect in its financial management, evidenced by a program expense ratio of 80.81%. This suggests that a substantial portion of its resources is allocated towards its programs rather than administrative expenses. However, the lack of transparency in governance practices raises red flags for potential donors and stakeholders.
Overall, while the Serenity Foundation shows commitment to program spending, its one-star rating highlights significant areas for improvement concerning board independence and essential governance policies that could enhance accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt legitimate?
Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt is a legitimate nonprofit organization registered as a 501(c)(3) entity. Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt 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: $16,312
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt?
The Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt is dedicated to supporting the operations of the Serenity Foundation of Texas, a public charity. Their mission is geared towards providing aid and resources for the foundation to carry out its charitable activities effectively. By doing so, they contribute to the betterment of the communities they serve, without specifying the exact nature of the causes they support.
Who is the CEO of Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt?
Unavailable
What is the revenue of Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt?
Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt's revenue in 2022 was $584,819.
Who are the executives of Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt and what are their salaries?
There is 1 key member and their salary:
- Compensation: $16,312
- Related: $0
- Other: $0
Where can I find the form 990 for Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt?
Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt
The Serenity Foundation 2019 Endowment Trust C/O First Financial Trust and Asset Management is a charitable entity that dedicates its resources to support the operations of the Serenity Foundation of Texas, a public charity. Its mission is centered around providing unwavering support to this nonprofit organization, ensuring it can continue its mission of making a positive impact in the community. This financial trust serves as a crucial pillar, helping to sustain the Serenity Foundation of Texas in its endeavors to further its objectives and carry out its activities. With this backing, the Serenity Foundation of Texas is able to focus on its primary goal of providing aid where it is needed most, contributing to a better and more prosperous future for all.
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Impact
June, 2024
Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt provides vital support for Serenity Foundation of Texas, a public charity based in Abilene, TX. The impact of this organization is crucial in the realm of mental health, as it directly contributes to the operations and services provided by Serenity Foundation of Texas. Through this partnership and financial support, individuals in need of mental health assistance are able to access the resources and care necessary for their well-being. This impact is significant in promoting mental health awareness and offering support to those in Texas facing such challenges.
This information is meant to be a general summary of Serenity Foundation 2019 Endowment Trust C/O First Financial Trust And Asset Mgmt. 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: $84,819
- Gross Receipts: $1,058,187
Assets and Liabilities:
- Total Assets: $2,447,077
- Total Liabilities: $0
- Net Assets: $2,447,077
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Organization Details
Founding Year
2019
Phone
(325) 627-7004Main Address
PO BOX 701, ABILENE, TX, 79604
NTEE Category
Code: F11 - Mental health
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