Endowment Fund Of The First Congregational Church Of Algona

Organization Overview

Endowment Fund Of The First Congregational Church Of Algona is located in Algona, IA. The organization was established in 1992. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Endowment Fund Of The First Congregational Church Of Algona is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Endowment Fund Of The First Congregational Church Of Algona generated $96.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $56.7k during the year ending 12/2021. While expenses have increased by 16.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ENDOWMENT TRUST WAS ORGANIZED TO ACCEPT CONTRIBUTIONS TO BE INVESTED FOR THE BENEFIT OF THE FIRST CONGREGATIONAL CHURCH UNITED CHURCH OF CHRIST OF ALGONA, IOWA. IT IS CHARGED WITH INVESTING THOSE FUNDS AND MAKING GRANTS TO SAID CHURCH FOR EITHER THE CHURCH'S OPERATING EXPENSES OR CAPITAL IMPROVEMENTS. IT MAY NOT MAKE GRANTS TO ANY ENTITY OR PERSON OTHER THAN SAID CHURCH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST IS DESIGNED TO SUPPORT THE FIRST CONGREGATIONAL CHURCH , A NON-PROFIT RELIGIOUS ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Schlievert
Trustee
$0
Kristine Schlievert
Trustee
$0
Larry Person
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$100
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$100
Total Program Service Revenue$0
Investment income $43,583
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $52,301
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $95,984

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