Overview
What is Beacon Of Hope Ministries Inc?
Beacon Of Hope Ministries Inc, located at 1021 1st Avenue N, Fort Dodge, Iowa 50501, is a nonprofit organization dedicated to addressing homelessness. Utilizing a Christ-centered approach, they provide temporary assistance, shelter, clothing, and food to adult men in need. With a team of 24 individuals, their mission is to eliminate homelessness and offer support during challenging times, promoting a sense of community and faith-based guidance.
Official website here: www.beaconofhopeshelter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
Beacon Of Hope Ministries Inc has achieved a commendable Three-Star rating from Charity Navigator, with an overall score of 88%. This rating reflects the organization’s strong performance in terms of Accountability & Finance, which is critical for fostering trust among donors. The charity has demonstrated excellent governance, with 100% of board members being independent and a significant focus on transparency in financial reporting.
The organization excels in several key areas, including a superb liabilities to assets ratio of 0.56% and a program expense ratio of 77.06%, indicating that a large portion of its resources is directed towards its programs. The charity also maintains sound financial practices, as evidenced by its comprehensive financial statements and the absence of material asset diversions.
However, there are notable limitations, particularly regarding governance policies. The charity lacks a whistleblower policy, a document retention and destruction policy, and has not posted its tax form on its website, which are areas that could benefit from improvement to enhance overall accountability. Addressing these issues could further strengthen its standing and reassure donors of its commitment to best practices.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon Of Hope Ministries Inc legitimate?
Beacon Of Hope Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Of Hope Ministries 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: $328,430
For more financial information, click here
Official website here: www.beaconofhopeshelter.com
What is the mission statement of Beacon Of Hope Ministries Inc?
Beacon Of Hope Ministries Inc, as per its mission statement, utilizes a faith-based approach to combat homelessness among adult men. They offer temporary shelter, essential clothing, and nutritious meals as part of their assistance program. The organization's ultimate goal is to eliminate homelessness within this demographic, employing their faith as a guiding principle throughout their operations.
Official website here: www.beaconofhopeshelter.com
Who is the CEO of Beacon Of Hope Ministries Inc?
Brian Bidleman is the Director of Beacon Of Hope Ministries Inc.
Official website here: www.beaconofhopeshelter.com
What is the revenue of Beacon Of Hope Ministries Inc?
Beacon Of Hope Ministries Inc's revenue in 2022 was $672,566.
Official website here: www.beaconofhopeshelter.com
Who are the executives of Beacon Of Hope Ministries Inc and what are their salaries?
The average compensation at Beacon Of Hope Ministries Inc during 2022 was $13,685. There are 24 employees at Beacon Of Hope Ministries Inc.
Here are 10 key members and their salaries:
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Official website here: www.beaconofhopeshelter.com
Where can I find the form 990 for Beacon Of Hope Ministries Inc?
Beacon Of Hope Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beaconofhopeshelter.com
Learn more at the official website: www.beaconofhopeshelter.com
Mission Statement of Beacon Of Hope Ministries Inc
Beacon of Hope Ministries Inc is dedicated to tackling homelessness among adult men through a faith-based approach. Utilizing their Christian beliefs, they provide essential services such as shelter, clothing, food, and temporary assistance to those in need. The organization's mission is to eliminate homelessness, offering a comprehensive approach that goes beyond just providing basic necessities. By doing so, Beacon of Hope Ministries Inc aims to make a lasting impact on the lives of the men they serve, helping them on their journey towards stability and independence.
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Impact
July, 2024
Beacon Of Hope Ministries Inc's impact lies in its mission to use Christ-centered faith to eliminate homelessness while offering shelter, clothing, food, and temporary assistance to adult men in Fort Dodge, IA. Through their efforts, they provide crucial support and resources to those struggling with homelessness, helping them to find stability and hope for a better future. Their focus on addressing the immediate needs of this vulnerable population demonstrates a compassionate commitment to making a positive difference in the lives of those they serve.
This information is meant to be a general summary of Beacon Of Hope Ministries 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $508
- Program Service Revenue: $147,932
- Gross Receipts: $672,566
Assets and Liabilities:
- Total Assets: $1,224,498
- Total Liabilities: $7,083
- Net Assets: $1,217,415
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE
Revenue
$147,932
Organization Details
Founding Year
2010
Phone
(515) 955-3366Principal Officer
Brian Bidleman
Main Address
1021 1ST AVENUE N, FORT DODGE, IA, 50501
Website
www.beaconofhopeshelter.comNTEE Category
Code: L41 - Housing
If you are a representative of Beacon Of Hope Ministries Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.