Wollaston Lutheran Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 853449732 ✦ Quincy, MA ✦ Designated as a 501(c)(3)

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Overview

What is Wollaston Lutheran Foundation Inc?

Wollaston Lutheran Foundation Inc, based in Quincy, Massachusetts, is a charitable organization dedicated to supporting local initiatives and individuals. Their primary role involves managing and allocating funds for charitable purposes, aiming to benefit the community residing around Quincy, MA. The foundation actively supports four named non-profit organizations with similar objectives and also contributes to various projects that align with their mission. Notably, they made donations to provide a parsonage for the pastoral staff at the Wollaston Lutheran Church of Quincy, assist the Asian American Service Association in purchasing a transportation van, and contribute towards the construction of a church in Zimbabwe.


Official website here: www.none

Is Wollaston Lutheran Foundation Inc legitimate?

Wollaston Lutheran Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wollaston Lutheran Foundation 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.none

What is the mission statement of Wollaston Lutheran Foundation Inc?

The Wollaston Lutheran Foundation Inc's mission is centered around managing and utilizing funds for charitable purposes. Its primary goal is to support programs and activities that benefit individuals in the surrounding area. The foundation achieves this by backing various named non-profit organizations, as well as others with similar objectives. The organization's activities often involve providing financial assistance to enhance the work of these non-profits. For instance, the foundation has supported a local church by providing funds for a parsonage and has aided an organization like the Asian American Service Association in purchasing a van for elderly transportation. Additionally, the foundation has contributed to the construction of a church in Zimbabwe.


Official website here: www.none

Who is the CEO of Wollaston Lutheran Foundation Inc?

Timothy Wismar is the President/Tr of Wollaston Lutheran Foundation Inc.


Official website here: www.none

What is the revenue of Wollaston Lutheran Foundation Inc?

Wollaston Lutheran Foundation Inc's revenue in 2022 was $1,258,656.


Official website here: www.none

Who are the executives of Wollaston Lutheran Foundation Inc and what are their salaries?


Here are 9 key members and their salaries:


Timothy Wismar (President/Tr)
  • Compensation: $0
  • Related: $242,571
  • Other: $52,419
Marcia Bailey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev James Kimmell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Steve Law (Director/Vic)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Richard Law (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Komborero Shoko (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lola Tom (Director / C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Wismar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Adolph Wismar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for Wollaston Lutheran Foundation Inc?

Wollaston Lutheran Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of Wollaston Lutheran Foundation Inc

Wollaston Lutheran Foundation Inc, a philanthropic organization, is dedicated to supporting charitable causes that benefit individuals living in and around specific areas. Their mission involves holding, investing, managing, and deploying funds for this purpose. The foundation is not solely focused on a few organizations; it extends its support to a variety of non-profits, four of which are named in the information provided.

The primary objective of Wollaston Lutheran Foundation Inc is to contribute financially to the causes these non-profits champion. This could range from providing essential resources to constructing facilities. For instance, they made a donation to the Wollaston Lutheran Church of Quincy, MA to help them establish a parsonage for their pastoral staff. Similarly, they aided the Asian American Service Association by providing funds to purchase a van, enabling the elderly to access community centers and other necessary locations.

In addition to these specific instances, Wollaston Lutheran Foundation Inc also supports other non-profits with their general missions. By doing so, they contribute to a broader array of initiatives that aim to improve the lives of individuals in their local communities. This mission of supporting various charitable causes and organizations, with the ultimate goal of benefiting those in need, is the driving force behind Wollaston Lutheran Foundation Inc's activities.

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Impact




October, 2024

Wollaston Lutheran Foundation Inc significantly impacts the Quincy, MA community by managing and deploying funds to support essential programs that benefit local residents. The foundation focuses on initiatives that enhance the quality of life for individuals in the area, including crucial support for the Wollaston Lutheran Church, which helps provide housing for pastoral staff, and the Asian American Service Association, which aids in the transportation of elderly residents to access vital community resources. Additionally, their philanthropic efforts extend beyond local borders, as evidenced by contributions toward the construction of a church in Zimbabwe. By strategically investing in these areas, the foundation plays a vital role in fostering community support and enriching the lives of individuals and families in Quincy and beyond.




This information is meant to be a general summary of Wollaston Lutheran Foundation 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.

Revenue
$1,258,656 (2022)
Expenses
$281,123 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $171,141
  • Gross Receipts: $1,342,888

Assets and Liabilities:

  • Total Assets: $18,164,170
  • Total Liabilities: $0
  • Net Assets: $18,164,170

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Organization Details

Founding Year

2020

Principal Officer

Timothy Wismar

Main Address

45 BRACKETT STREET, QUINCY, MA, 02169

Website

www.none

NTEE Category

Code: T20 - Philanthropy

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