Overview
What is Promise Ministries?
Promise Ministries is a nonprofit organization situated in Waxahachie, Texas. Its primary mission is to offer high-quality childcare services to children ranging from four weeks to nine years old, with a focus on maintaining low enrollment numbers to ensure a secure environment and individual attention for each child. Additionally, the organization caters to families with children who have special needs, providing specialized care to meet their unique requirements. With a workforce of 42 dedicated individuals, Promise Ministries is committed to creating a nurturing and supportive environment for all the children in its care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Promise Ministries has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there is room for improvement in its accountability and financial practices. While the organization boasts a strong independent board with 100% independent members and a solid program expense ratio of 70.37%, it has significant weaknesses, particularly in its financial transparency and documentation practices.
The nonprofit has failed to provide financial statements and key documents such as board meeting minutes and its tax form on its website. This lack of transparency could raise concerns among potential donors regarding how funds are managed and utilized. Additionally, the absence of a conflict of interest policy could be seen as a gap in governance practices.
Despite these issues, Promise Ministries does exhibit strong accountability in certain areas, demonstrating no material diversion of assets and maintaining a healthy liabilities-to-assets ratio. Addressing the highlighted limitations could enhance its credibility and foster greater trust among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Promise Ministries legitimate?
Promise Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise Ministries 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: $80,218
Professional Fundraising Fees: $0
Other Salaries and Wages: $466,010
For more financial information, click here
What is the mission statement of Promise Ministries?
Promise Ministries' mission is centered around providing top-notch childcare services. This encompasses children ranging from four months to nine years old, as well as those with special needs. Their strategy involves maintaining a low room count and enrollment to ensure a secure environment and dedicated attention for each child. The organization also extends its services to families with special needs children.
Who is the CEO of Promise Ministries?
Lindsey Creamer is the Chef-Ceo -Director of Promise Ministries. The CEO's salary of Promise Ministries is $42,503 and their total compensation is $42,503.
What is the revenue of Promise Ministries?
Promise Ministries's revenue in 2022 was $959,459.
Who are the executives of Promise Ministries and what are their salaries?
The average compensation at Promise Ministries during 2022 was $13,005. There are 42 employees at Promise Ministries.
Here are 5 key members and their salaries (Promise Ministries's CEO's salary is $42,503 and their total compensation is $42,503):
- Compensation: $42,503
- Related: $0
- Other: $0
- Compensation: $37,715
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Promise Ministries?
Promise Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Promise Ministries
Promise Ministries, a nonprofit organization, is dedicated to providing top-notch childcare services. Their mission is centered around catering to children between the ages of four months and nine years, as well as those with special needs. The team at Promise Ministries ensures a nurturing environment for each child by maintaining low room numbers and enrollment, allowing for individual attention and safety. They also extend their services to families with children with unique needs.
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Impact
July, 2024
Promise Ministries provides quality childcare services for children aged four months to nine years, including those with special needs. By keeping room numbers and total enrollment low, they create a safe environment that allows for individual attention for each child. Their mission is to ensure every child receives the care and support they need during their formative years. Through their dedicated efforts, Promise Ministries positively impacts the lives of children and their families in WAXAHACHIE, TX.
This information is meant to be a general summary of Promise Ministries. 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: $2
- Program Service Revenue: $570,245
- Gross Receipts: $959,459
Assets and Liabilities:
- Total Assets: $974,412
- Total Liabilities: $463,705
- Net Assets: $510,707
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISC
Revenue
$1,556
TUITION
Revenue
$568,689
Organization Details
Founding Year
1998
Phone
(972) 937-0488Principal Officer
Lindsey Creamer
Main Address
PO BOX 801, WAXAHACHIE, TX, 75168
NTEE Category
Code: P33 - Human services
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