Disclaimer from Bridget: This is what I believed at one time, however my beliefs have evolved, and I am no longer a member of the Mormon Church.
Basic Background of the LDS CHURCH
1. The actual name of the Mormon Church is the "Church of Jesus Christ of Latter-Day Saints." Mormon is a nick-name given to the church because of a book of scripture they believe in, called The Book of Mormon. The word, Latter-Day is as opposed to former days of Christ, meaning that we are living in the last days before the second coming of Christ. The members in Jesus' early church were called 'saints', which is the reason that LDS members call themselves 'saints'.