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Calvary Endowment Foundation Inc

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

EIN: 900085904 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

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Overview

What is Calvary Endowment Foundation Inc?

Calvary Endowment Foundation Inc is a nonprofit organization based in Memphis, Tennessee, specifically at 102 N Second Street, with a mission to manage and allocate funds to support Calvary Episcopal Church and its associated missions and ministries, including Calvary Place. The foundation operates exclusively to further the objectives of the church and its approved programs, missions, and ministries, mainly in Memphis, Shelby County, Tennessee, and beyond. It receives, invests, and allocates funds to ensure the continuity and growth of the church's initiatives.

Is Calvary Endowment Foundation Inc legitimate?

Calvary Endowment Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calvary Endowment 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

What is the mission statement of Calvary Endowment Foundation Inc?

The Calvary Endowment Foundation Inc. is established with the primary objective of managing funds to support the programs, missions, and ministries of Calvary Episcopal Church. The foundation operates exclusively for this purpose, receiving, investing, and allocating funds as per its mission. It collaborates with the Vestry of Calvary Episcopal Church to approve the ministries, missions, and programs that will benefit from these funds, extending its support beyond the church in Memphis, Shelby County, Tennessee, to other approved initiatives.

Who is the CEO of Calvary Endowment Foundation Inc?

Katie Owen is the Principal Officer of Calvary Endowment Foundation Inc.

What is the revenue of Calvary Endowment Foundation Inc?

Calvary Endowment Foundation Inc's revenue in 2022 was $239,515.

Who are the executives of Calvary Endowment Foundation Inc and what are their salaries?


Here are 7 key members and their salaries:


Katie Owens (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Graves (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Haley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Duncan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peg Wahl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alec Mclean (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tommy Parker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Calvary Endowment Foundation Inc?

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

Mission Statement of Calvary Endowment Foundation Inc

Calvary Endowment Foundation Inc is established with a specific mission. This foundation operates solely to manage funds, serving as a financial backbone for Calvary Episcopal Church. Its purpose is to receive, invest, and allocate funds to support the programs, missions, and ministries of Calvary Episcopal Church in Memphis, Shelby County, Tennessee, and other approved initiatives by its board of directors, in alignment with Calvary Episcopal Church's vestry. In essence, Calvary Endowment Foundation Inc plays a crucial role in financially sustaining the religious and community activities of Calvary Episcopal Church, ensuring the continuity and growth of its mission and ministries.

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Impact




October, 2024

Calvary Endowment Foundation Inc significantly supports the missions and ministries of Calvary Episcopal Church in Memphis, Tennessee. By managing and allocating funds, the foundation plays a crucial role in enhancing the church's community outreach and various programs. Its contributions not only bolster the church's initiatives but also extend to Calvary Place and other approved ministries, ensuring that resources are directed towards meaningful activities that align with the church's mission. Through strategic investment and fund management, the foundation fosters growth and sustainability for church-related projects, ultimately enriching the spiritual and social fabric of the community it serves.




This information is meant to be a general summary of Calvary Endowment 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
$239,515 (2022)
Expenses
$574,403 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $221,538
  • Gross Receipts: $958,978

Assets and Liabilities:

  • Total Assets: $7,738,126
  • Total Liabilities: $25,359
  • Net Assets: $7,712,767

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Organization Details

Founding Year

2002

Principal Officer

Katie Owen

Main Address

102 N SECOND STREET, MEMPHIS, TN, 38103

NTEE Category

Code: X112 - Religion related

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