Society For The Increase Of The Ministry

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 066053077 ✦ Hartford, CT ✦ Designated as a 501(c)(3)

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Overview

What is Society For The Increase Of The Ministry?

The Society For The Increase Of The Ministry, located at 120 Sigourney Street, Hartford, CT, is a nonprofit organization dedicated to offering scholarships. Their primary objective is to support seminary students pursuing ministry within the Episcopal Church. With a small workforce of two individuals, the society has committed itself to this charitable purpose, providing financial assistance to those seeking religious education and future roles within their church.


Official website here: www.simministry.org

What do the Facebook reviews say about Society For The Increase Of The Ministry?

Not yet rated, the Society For The Increase Of The Ministry has received a limited number of reviews on Facebook. Here’s a brief overview:

One individual expressed profound gratitude for the financial assistance they received that enabled them to attend the General Theological Seminary. This person highlighted the trust placed in them to emerge as a leader in the church and noted the commitment of the Board of Directors during their time as chaplain. However, the reviewer marked their recommendation as false, indicating potential reservations or dissatisfaction with some aspect.

Overall sentiment reflects a mix of appreciation for the support provided, but the lack of a strong recommendation suggests there may be areas to improve upon for this nonprofit.


This AI summary has been generated from reviews found on Facebook.

Is Society For The Increase Of The Ministry legitimate?

Society For The Increase Of The Ministry is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society For The Increase Of The Ministry 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: $155,789
Professional Fundraising Fees: $0
Other Salaries and Wages: $117,929

For more financial information, click here


Official website here: www.simministry.org

What is the mission statement of Society For The Increase Of The Ministry?

The Society for the Increase of the Ministry, through its mission, provides scholarships for individuals pursuing ministry within the Episcopal Church at seminaries. This charitable organization's primary objective is to support these seminary students financially, contributing to their education in preparation for ministry. The foundation's purpose is centered around granting scholarships to those seeking to serve in the Episcopal Church as ministers.


Official website here: www.simministry.org

Who is the CEO of Society For The Increase Of The Ministry?

Courtney Cowart is the Board Chair of Society For The Increase Of The Ministry.


Official website here: www.simministry.org

What is the revenue of Society For The Increase Of The Ministry?

Society For The Increase Of The Ministry's revenue in 2022 was $361,916.


Official website here: www.simministry.org

Who are the executives of Society For The Increase Of The Ministry and what are their salaries?

The average compensation at Society For The Increase Of The Ministry during 2022 was $136,859. There are 2 employees at Society For The Increase Of The Ministry.


Here are 9 key members and their salaries:


Rev Dr Hilary Greer (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Constance R Perry (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hilder (Treasurer & Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Rt Rev Brian Cole (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Grayson (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miriam Mckenny (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Rev Linda Spiers (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Rt Rev James Tengatenga (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Courtney V Cowart (Executive Director)
  • Compensation: $148,900
  • Related: $0
  • Other: $18,714


Official website here: www.simministry.org

Where can I find the form 990 for Society For The Increase Of The Ministry?

Society For The Increase Of The Ministry's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.simministry.org

Learn more at the official website: www.simministry.org

Mission Statement of Society For The Increase Of The Ministry

The Society for the Increase of the Ministry, often abbreviated as SIM, is dedicated to providing scholastic support for individuals pursuing ministry within the Episcopal Church. Their mission is centered around granting scholarships to seminary students, aiming to nurture the next generation of spiritual leaders within this religious community. The foundation's charitable purpose is deeply rooted in this scholarship program, which empowers aspiring ministers to further their education and prepare for their roles within the Episcopal Church.

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Impact




October, 2024

The Society for the Increase of the Ministry significantly impacts the Episcopal Church by providing essential financial support to seminarians pursuing their studies. By offering scholarships, it alleviates the financial burden often associated with theological education, allowing future clergy to focus on their studies and spiritual development. This initiative not only fosters the growth of well-prepared leaders in the church but also ensures a vibrant future for Episcopal ministry. By investing in the education of seminarians, the Society contributes to the overall health and sustainability of the church, enabling it to nurture its mission and outreach effectively.




This information is meant to be a general summary of Society For The Increase Of The Ministry. 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.

Revenue
$361,916 (2022)
Expenses
$616,065 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $190,480
  • Gross Receipts: $811,667

Assets and Liabilities:

  • Total Assets: $4,238,339
  • Total Liabilities: $26,088
  • Net Assets: $4,212,251

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Organization Details

Founding Year

1857

Principal Officer

Courtney Cowart

Main Address

120 SIGOURNEY ST, HARTFORD, CT, 061052755

NTEE Category

Code: B82 - Education

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