Overview
What is Vibrant Faith Ministries?
Vibrant Faith Ministries is a nonprofit organization situated in Ellendale, Minnesota. With a focus on nurturing and revitalizing lifelong faith formation, they aim to contribute to the development of vibrant congregations that embody their mission. They achieve this goal through providing training, coaching, and resources to foster new visions and innovative models of faith formation among adults, families, and congregations. With a team of seven dedicated individuals, Vibrant Faith Ministries strives to support and encourage spiritual growth within communities.
Official website here: www.vibrantfaith.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Stars
Vibrant Faith Ministries has received a low rating of 52% from Charity Navigator, indicating concerns about its financial health and accountability. While the organization scores well in areas like board independence and oversight, it struggles with its program expense ratio and liabilities, which heavily impact its overall score.
The charity shows strengths, including an entirely independent board and a strong audit and oversight committee, earning full marks in several governance areas. Additionally, there are no material diversions of assets, and the organization maintains important policies like conflict of interest and whistleblower protections, reflecting a commitment to ethical governance.
However, limitations are evident in the financial metrics, particularly the program expense ratio of only 35.86% and a high liabilities to assets ratio of 70.56%. These figures suggest that a significant portion of its resources may not be directed toward its programs, raising questions about its financial sustainability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Vibrant Faith Ministries legitimate?
Vibrant Faith Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vibrant Faith 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $652,664
For more financial information, click here
Official website here: www.vibrantfaith.org
What is the mission statement of Vibrant Faith Ministries?
Vibrant Faith Ministries is dedicated to providing training, coaching, and resources to encourage and support the development of new visions and models of faith formation for adults, families, and congregations. Their mission is to contribute to the renewal and revitalization of lifelong faith for all ages, ultimately aiming to build a vibrant congregation that lives out its mission. They believe that vital and vibrant faith formation can significantly impact the faith life of individuals across various age groups.
Official website here: www.vibrantfaith.org
Who is the CEO of Vibrant Faith Ministries?
Richard Lawrence is the Executive Director of Vibrant Faith Ministries.
Official website here: www.vibrantfaith.org
What is the revenue of Vibrant Faith Ministries?
Vibrant Faith Ministries's revenue in 2022 was $533,431.
Official website here: www.vibrantfaith.org
Who are the executives of Vibrant Faith Ministries and what are their salaries?
The average compensation at Vibrant Faith Ministries during 2022 was $93,238. There are 7 employees and 5 volunteers at Vibrant Faith Ministries.
Here are 9 key members and their salaries:
- Compensation: $105,605
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Official website here: www.vibrantfaith.org
Where can I find the form 990 for Vibrant Faith Ministries?
Vibrant Faith Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vibrantfaith.org
Learn more at the official website: www.vibrantfaith.org
Mission Statement of Vibrant Faith Ministries
Vibrant Faith Ministries is committed to offering training, coaching, and resources to encourage and support the development of new visions and models of faith formation for adults, families, and congregations. Their mission is centered around revitalizing and renewing the faith life of individuals across various age groups, contributing to the creation of a vibrant congregation that actively lives out its purpose. Vibrant Faith Ministries believes that lifelong, vital faith formation has the power to strengthen and revitalize the faith community as a whole. Their work is focused on fostering a faith that is alive and thriving, rather than stagnant or outdated.
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Impact
July, 2024
Vibrant Faith Ministries impacts individuals and communities by offering training, coaching, and resources to support new visions and models of faith formation for adults, families, and congregations. They believe in the power of vital and vibrant lifelong faith formation to renew and revitalize the faith life of all ages and contribute to building vibrant congregations that live out their mission. Through their work in Ellendale, MN, Vibrant Faith Ministries is helping to support and encourage a stronger foundation of faith within communities, ultimately fostering a more connected and purposeful society.
This information is meant to be a general summary of Vibrant Faith 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: $6,789
- Program Service Revenue: $440,842
- Gross Receipts: $533,431
Assets and Liabilities:
- Total Assets: $1,554,424
- Total Liabilities: $1,097,065
- Net Assets: $457,359
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANTS
Revenue
$228,666
PROGRAM FEES
Revenue
$211,802
MISC INCOME
Revenue
$374
Organization Details
Founding Year
2003
Principal Officer
Richard Lawrence
Main Address
PO BOX 26, ELLENDALE, MN, 56026
Website
www.vibrantfaith.orgNTEE Category
Code: P40 - Human services
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