Overview
What is Foundation Properties Charitable Trust?
Foundation Properties Charitable Trust is a nonprofit organization situated in Colorado Springs, Colorado. The primary function of this trust is to support the charitable objectives of the Joy to the World Foundation. This involves assisting in religious, educational, scientific, benevolent, and health-related activities. They achieved this by distributing a considerable sum of $439,190, derived from the sale of real estate, to the Joy to the World Foundation. The trust's contributions aim to further the mission of the Joy to the World Foundation, thereby making a positive impact in various sectors.
Is Foundation Properties Charitable Trust legitimate?
Foundation Properties Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Properties Charitable Trust 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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What is the mission statement of Foundation Properties Charitable Trust?
The Foundation Properties Charitable Trust's mission is centered around supporting the objectives of the Joy to the World Foundation. This support is extended to areas that are religiously, educationally, scientifically, benevolent, or health-related in nature. The trust's purpose is to aid individuals in achieving their charitable goals within these sectors. They accomplish this by providing financial assistance, with proceeds from real estate sales contributing to the foundation's ministry.
Who is the CEO of Foundation Properties Charitable Trust?
William Moritz is the President of Foundation Properties Charitable Trust.
What is the revenue of Foundation Properties Charitable Trust?
Foundation Properties Charitable Trust's revenue in 2022 was $931,190.
Who are the executives of Foundation Properties Charitable Trust and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Foundation Properties Charitable Trust?
Foundation Properties Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation Properties Charitable Trust
Foundation Properties Charitable Trust is committed to supporting the mission of Joy to the World Foundation. This mission, in its essence, aims to empower individuals by aiding them in achieving their charitable objectives across various sectors. These sectors encompass religious, educational, scientific, benevolent, and health-related activities. By providing financial assistance, the Foundation Properties Charitable Trust plays a significant role in enabling these individuals to make a positive impact in their respective communities. The trust achieves this by distributing funds, primarily obtained from the sale of real estate, to Joy to the World Foundation. This partnership between the two entities fosters growth and development in areas that align with the Foundation's mission, thereby contributing to the betterment of society as a whole.
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Impact
October, 2024
Foundation Properties Charitable Trust significantly impacts the community by generating financial support for the Joy to the World Foundation's mission. With $439,190 distributed from the proceeds of real estate sales, the Trust empowers individuals to achieve their charitable goals across various domains, including religious, educational, scientific, benevolent, and health-related activities. This financial support fosters initiatives that enrich community well-being and promote a variety of causes, reflecting a strong commitment to philanthropy and service in Colorado Springs and beyond.
This information is meant to be a general summary of Foundation Properties Charitable Trust. 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: -$29,310
- Gross Receipts: $1,429,000
Assets and Liabilities:
- Total Assets: $492,000
- Total Liabilities: $0
- Net Assets: $492,000
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Organization Details
Founding Year
2022
Phone
(719) 260-1213Principal Officer
William Moritz
Main Address
731 Chapel Hills Drive, Colorado Springs, CO, 80920
NTEE Category
Code: X00 - Religion related
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