Overview
What is Purpose Institute Inc?
Purpose Institute Inc, situated in Canton, Ohio, serves as a nonprofit organization dedicated to equipping and nurturing pastors and ministers. Through comprehensive training programs, they focus on honing ministerial studies and leadership skills. With a modest workforce of two individuals, Purpose Institute Inc contributes to the spiritual development of clergy members, thereby strengthening religious communities and spiritual leadership across the nation.
Official website here: www.purposeinstitute.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Purpose Institute Inc has received a two-star rating from Charity Navigator, indicating areas where the organization must enhance its accountability and financial transparency. With a score of 69%, the nonprofit shows a significant commitment to program expenses, allocating nearly 80% of its resources to its programs. However, the lack of financial statements and several missing policies has contributed to its overall low rating.
The organization demonstrates a strong board structure with 60% independent members and a sound liabilities to assets ratio of 16.51%. These factors reflect positively on governance and financial health. However, the absence of critical policies such as a conflict of interest and whistleblower protection raises concerns about its operational practices and commitment to best practices in nonprofit management.
Despite these challenges, the organization’s focus on program expenses suggests a dedication to its mission. Improving its transparency and addressing the noted deficiencies in policies could significantly enhance public trust and support for Purpose Institute Inc in the future.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Purpose Institute Inc?
100% of 17 reviewers on Facebook recommend Purpose Institute Inc. Here’s a summary of their insights:
Enthusiastic praise centers on the instructors and the quality of education offered. Reviewers express deep appreciation for the revelation and understanding gained during their time at the institute, highlighting the thorough explanations provided by teachers for every topic and question. The nurturing learning environment has fostered a strong sense of gratitude among attendees.
Overall, the sentiment is overwhelmingly positive, with participants eager to continue their studies and grateful for the transformative experience provided by Purpose Institute. They feel that their educational journey is both enriching and impactful.
This AI summary has been generated from reviews found on Facebook.
Is Purpose Institute Inc legitimate?
Purpose Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Purpose Institute 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: $134,566
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,143
For more financial information, click here
Official website here: www.purposeinstitute.com
What is the mission statement of Purpose Institute Inc?
The Purpose Institute Inc is committed to providing training in ministerial studies and leadership. Their mission is centered around equipping pastors and ministers with the necessary skills and knowledge. The organization's primary activity involves offering comprehensive educational programs in the field of ministry and leadership. Their goal is to empower these individuals, thereby strengthening religious communities and spiritual leadership. The Purpose Institute Inc serves as a crucial resource for personal growth and professional development in the ministerial field.
Official website here: www.purposeinstitute.com
Who is the CEO of Purpose Institute Inc?
Finis Joe Ellis is the President of Purpose Institute Inc.
Official website here: www.purposeinstitute.com
What is the revenue of Purpose Institute Inc?
Purpose Institute Inc's revenue in 2023 was $963,079.
Official website here: www.purposeinstitute.com
Who are the executives of Purpose Institute Inc and what are their salaries?
The average compensation at Purpose Institute Inc during 2023 was $85,354. There are 2 employees at Purpose Institute Inc.
Here are 10 key members and their salaries:
- Compensation: $29,729
- Related: $0
- Other: $0
- Compensation: $11,450
- Related: $0
- Other: $0
- Compensation: $10,350
- Related: $0
- Other: $0
- Compensation: $11,500
- Related: $0
- Other: $0
- Compensation: $43,348
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.purposeinstitute.com
Where can I find the form 990 for Purpose Institute Inc?
Purpose Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.purposeinstitute.com
Learn more at the official website: www.purposeinstitute.com
Mission Statement of Purpose Institute Inc
Purpose Institute Inc is an organization dedicated to providing training in ministerial studies and leadership. Its mission is to equip and empower pastors and ministers with the necessary skills and knowledge to effectively serve their congregations. Through comprehensive training programs, Purpose Institute Inc aims to foster the development of strong and capable leaders within the religious community. By offering courses in ministerial studies and leadership, the institute ensures that its students are well-equipped to navigate the challenges of their roles and make a positive impact in their communities.
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Impact
July, 2024
Purpose Institute Inc has had a significant impact on the lives of pastors and ministers by providing high-quality training in ministerial studies and leadership. Through its programs, this organization equips individuals with the knowledge and skills necessary to excel in their roles within religious communities. By doing so, Purpose Institute Inc not only fosters personal growth and development among participants but also strengthens the capacity of churches and religious organizations to serve their communities effectively.
This information is meant to be a general summary of Purpose Institute 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 2023.
- Investment Income: $72
- Program Service Revenue: $383,550
- Gross Receipts: $963,079
Assets and Liabilities:
- Total Assets: $100,850
- Total Liabilities: $16,659
- Net Assets: $84,191
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Income
Revenue
$383,550
Organization Details
Founding Year
2001
Phone
(800) 735-7956Principal Officer
Finis Joe Ellis
Main Address
PO BOX 6433, CANTON, OH, 44706
Website
www.purposeinstitute.comNTEE Category
Code: X20 - Religion related
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