Overview
What is Dortches Baptist Church Endowment Fund Inc?
Dortches Baptist Church Endowment Fund Inc is a nonprofit organization established to support Dortches Baptist Church in North Carolina. With a mission to operate as a Type I nonprofit, the endowment fund manages funds that annually allocate 5% towards the maintenance and improvement of the church's physical facilities. This support is directed by the board of the endowment fund, ensuring the church's facilities remain in good condition. The endowment fund serves as a vital resource for Dortches Baptist Church, ensuring its infrastructure remains strong and functional.
Is Dortches Baptist Church Endowment Fund Inc legitimate?
Dortches Baptist Church Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dortches Baptist Church Endowment Fund 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
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What is the mission statement of Dortches Baptist Church Endowment Fund Inc?
The Dortches Baptist Church Endowment Fund Inc operates as a Type I nonprofit, with a mission to support Dortches Baptist Church. It manages an endowment that annually allocates 5% of its funds towards the maintenance and enhancements of the church's physical facilities, as directed by its board. The fund serves as a source of financial support for the church, contributing to the upkeep and improvement of its facilities. By doing so, the endowment fund contributes to the overall well-being and sustainability of Dortches Baptist Church.
What is the revenue of Dortches Baptist Church Endowment Fund Inc?
Dortches Baptist Church Endowment Fund Inc's revenue in 2023 was $78,063.
Who are the executives of Dortches Baptist Church Endowment Fund Inc and what are their salaries?
There 8 volunteers at Dortches Baptist Church Endowment Fund Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Dortches Baptist Church Endowment Fund Inc?
Dortches Baptist Church Endowment Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Dortches Baptist Church Endowment Fund Inc
Dortches Baptist Church Endowment Fund Inc, functioning as a Type I nonprofit, is dedicated to supporting Dortches Baptist Church. The primary objective of the Endowment Fund is to manage an endowment, which annually allocates a 5% portion for the maintenance and enhancements of the church's physical facilities. The allocation decisions are made by the Endowment Fund's board of directors, ensuring the church's facility needs are prioritized and met effectively. The Endowment Fund's mission is to contribute to the upkeep and improvement of Dortches Baptist Church, thereby supporting the religious organization's physical presence and its ability to serve its community.
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Impact
October, 2024
Dortches Baptist Church Endowment Fund Inc plays a crucial role in supporting the ongoing maintenance and improvement of the facilities at Dortches Baptist Church in Rocky Mount, NC. By managing an endowment, the fund ensures that 5% of its annual income is allocated specifically for the upkeep and enhancement of the church's physical environments. This financial framework not only provides a stable source of funding but also allows for strategic planning and implementation of facility improvements as determined by the board.
The impact of this endowment is significant, as it helps preserve the church's infrastructure, enhances the worship environment for congregants, and supports the overall mission of the church. By maintaining and improving facilities, the fund directly contributes to a welcoming and functional space where the community can gather for worship and other activities. This commitment to facility excellence fosters a vibrant environment that strengthens the church’s role within the community and enhances spiritual growth and engagement.
This information is meant to be a general summary of Dortches Baptist Church Endowment Fund 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 2023.
- Investment Income: $19,963
- Gross Receipts: $78,063
Assets and Liabilities:
- Total Assets: $573,948
- Total Liabilities: $0
- Net Assets: $573,948
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Organization Details
Founding Year
2020
NTEE Category
Code: X20 - Religion related
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