Overview
What is X245 Foundation C/O Peninsula Bible Church?
X245 Foundation, affiliated with Peninsula Bible Church, is a nonprofit organization established in Palo Alto, California. Its mission is to alleviate the negative impact of high housing costs in the Bay Area on Peninsula Bible Church's capacity to attract and retain pastoral staff. To achieve this, the foundation offers housing assistance and support to the church's pastors. This aid aims to enhance the church's ability to maintain a stable and capable clerical team in the face of the area's housing market challenges.
Official website here: www.x245.org
Is X245 Foundation C/O Peninsula Bible Church legitimate?
X245 Foundation C/O Peninsula Bible Church is a legitimate nonprofit organization registered as a 501(c)(3) entity. X245 Foundation C/O Peninsula Bible 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.
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Official website here: www.x245.org
What is the mission statement of X245 Foundation C/O Peninsula Bible Church?
The X245 Foundation, affiliated with Peninsula Bible Church, aims to address the negative impact of high housing costs in the Bay Area on the church's ability to recruit and retain pastoral staff. To accomplish this, the foundation provides assistance and support for housing to the pastors of Peninsula Bible Church. This initiative aims to alleviate the financial burden associated with housing, thereby ensuring the church can maintain a stable and well-supported pastoral team. The foundation's mission focuses on the well-being of the church's leadership, recognizing that affordable housing is a critical factor in their ability to serve the congregation effectively.
Official website here: www.x245.org
Who is the CEO of X245 Foundation C/O Peninsula Bible Church?
Jerry Yan is the President of X245 Foundation C/O Peninsula Bible Church.
Official website here: www.x245.org
What is the revenue of X245 Foundation C/O Peninsula Bible Church?
X245 Foundation C/O Peninsula Bible Church's revenue in 2022 was $778,948.
Official website here: www.x245.org
Who are the executives of X245 Foundation C/O Peninsula Bible Church and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.x245.org
Where can I find the form 990 for X245 Foundation C/O Peninsula Bible Church?
X245 Foundation C/O Peninsula Bible Church's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.x245.org
Learn more at the official website: www.x245.org
Mission Statement of X245 Foundation C/O Peninsula Bible Church
The X245 Foundation, affiliated with Peninsula Bible Church, has a mission to address the detrimental impact of high housing costs in the Bay Area on the church's ability to recruit and retain pastoral staff. This nonprofit organization aims to provide assistance and support for housing to the pastors associated with Peninsula Bible Church. By addressing this issue, the X245 Foundation seeks to strengthen the church's leadership team and ensure its continued growth and success.
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Impact
October, 2024
X245 Foundation C/O Peninsula Bible Church plays a crucial role in alleviating the challenges posed by the high cost of housing in the Bay Area, which significantly impacts the church's ability to recruit and retain pastoral staff. By providing targeted assistance and support for housing, the foundation helps ensure that pastors can focus on their ministry without the overwhelming burdens associated with housing expenses. This initiative not only strengthens the community of Peninsula Bible Church but also fosters stability and continuity within its leadership. The foundation’s efforts contribute to a more robust and engaged congregation, enhancing the church's overall mission and outreach in the area.
This information is meant to be a general summary of X245 Foundation C/O Peninsula Bible 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: $16,575
- Gross Receipts: $820,847
Assets and Liabilities:
- Total Assets: $3,761,452
- Total Liabilities: $3,691
- Net Assets: $3,757,761
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Organization Details
Founding Year
2019
Phone
(650) 494-3840Principal Officer
Jerry Yan
Main Address
3505 MIDDLEFIELD ROAD, PALO ALTO, CA, 94306
Website
www.x245.orgNTEE Category
Code: X11 - Religion related
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