Overview
What is Endowment Foundation Of First Presbyterian Church?
The Endowment Foundation of First Presbyterian Church is a charitable organization situated in Albuquerque, New Mexico. Its primary purpose is to support the long-term and current needs of the First Presbyterian Church of Albuquerque and its mission. The foundation accepts, manages, and disburses funds from entities or individuals affiliated with the church. These funds may have specific donor-imposed restrictions, as long as they align with the church's mission. The foundation manages these funds in perpetuity, contributing to the church's overall growth and mission fulfillment.
Is Endowment Foundation Of First Presbyterian Church legitimate?
Endowment Foundation Of First Presbyterian Church is a legitimate nonprofit organization registered as a 501(c)(3) entity. Endowment Foundation Of First Presbyterian 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $40,498
For more financial information, click here
What is the mission statement of Endowment Foundation Of First Presbyterian Church?
The Endowment Foundation of the First Presbyterian Church exists with a primary objective to support the current and long-term needs of the First Presbyterian Church of Albuquerque and its mission. The foundation manages funds from entities or individuals affiliated with the church, provided that the purpose aligns with the church's mission. The funds are managed perpetually, ensuring their availability for future generations. The foundation's role is crucial in ensuring the church's sustainability and the continuation of its mission objectives.
Who is the CEO of Endowment Foundation Of First Presbyterian Church?
Robert Bowersock is the Chairman of Endowment Foundation Of First Presbyterian Church.
What is the revenue of Endowment Foundation Of First Presbyterian Church?
Endowment Foundation Of First Presbyterian Church's revenue in 2022 was $360,503.
Who are the executives of Endowment Foundation Of First Presbyterian Church and what are their salaries?
The average compensation at Endowment Foundation Of First Presbyterian Church during 2022 was $40,498. There is 1 employee at Endowment Foundation Of First Presbyterian Church.
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Where can I find the form 990 for Endowment Foundation Of First Presbyterian Church?
Endowment Foundation Of First Presbyterian Church's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Endowment Foundation Of First Presbyterian Church
The Endowment Foundation of First Presbyterian Church exists with a primary objective to support the current and long-term needs of the First Presbyterian Church of Albuquerque and its mission. This foundation accepts, manages, and disburses funds from entities or individuals associated with the First Presbyterian Church of Albuquerque. The character of these funds may be restricted by their respective entities or donors, as long as they align with the church's mission. The funds are managed in perpetuity, ensuring a continuous source of support for the church's future needs. The Endowment Foundation of First Presbyterian Church serves as a dedicated steward of these funds, ensuring they are utilized in a manner that upholds the church's mission and values.
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Impact
October, 2024
The Endowment Foundation of First Presbyterian Church significantly impacts both the immediate and long-term goals of the church and its community in Albuquerque. By managing and disbursing funds from various donors and affiliated entities, the foundation plays a crucial role in ensuring that the church can effectively carry out its mission and sustain its programs.
These financial contributions allow the church to address its current needs while planning for the future, enhancing its ability to provide services and support to its congregation and the surrounding community. Grants and funding directed through the foundation facilitate various church initiatives, outreach efforts, and community programs, promoting spiritual growth and social support.
The foundation's commitment to managing funds in perpetuity ensures ongoing support, allowing the First Presbyterian Church to continue making a meaningful difference for generations to come. This stewardship not only enriches the life of the church but also reinforces its mission to serve and uplift the spiritual and social well-being of Albuquerque.
This information is meant to be a general summary of Endowment Foundation Of First Presbyterian 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: $305,503
- Gross Receipts: $7,901,342
Assets and Liabilities:
- Total Assets: $11,731,035
- Total Liabilities: $234,684
- Net Assets: $11,496,351
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Organization Details
Founding Year
1977
Phone
(505) 764-2900Principal Officer
Robert Bowersock
Main Address
215 LOCUST NE, ALBUQUERQUE, NM, 87102
NTEE Category
Code: X110 - Religion related
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