Overview
What is Saving Grace Ministries Inc?
Saving Grace Ministries Inc, situated in Williamsville, New York, is a nonprofit organization committed to assisting individuals recently released from correctional facilities. Their mission is to facilitate a smooth transition back into society by offering a comprehensive program grounded in Christian principles. This program encompasses housing, food, clothing, educational programs, teaching, supervision, and mentoring. The goal is to empower these individuals to lead successful lives within their communities. With a team of 23 dedicated employees, the organization provides essential support, resources, and guidance to help individuals overcome challenges and thrive in their new environments.
Official website here: www.sgmworld.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Saving Grace Ministries Inc has received a two-star rating from Charity Navigator, indicating that while the organization shows strong performance in accountability and finance, there are areas needing improvement. With a score of 73%, the nonprofit has excelled in several financial governance aspects, achieving full marks for its audit and oversight committee, conflict of interest policy, and document retention practices.
However, the organization faces challenges, notably in its board composition, lacking independent board members, which is critical for unbiased governance. Additionally, the liabilities to assets ratio of 87.86% is concerning, suggesting potential financial stability issues that need to be addressed. Despite these challenges, the high program expense ratio indicates a strong commitment to its mission-related activities.
The nonprofit's website does not fully comply with transparency standards, as it has not posted its tax form online, which could hinder public trust. Overall, while Saving Grace Ministries demonstrates good governance in certain areas, the lack of independent oversight and financial ratios raise questions about its sustainability and long-term effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Saving Grace Ministries Inc legitimate?
Saving Grace Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saving Grace 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: $98,815
Professional Fundraising Fees: $0
Other Salaries and Wages: $557,621
For more financial information, click here
Official website here: www.sgmworld.org
What is the mission statement of Saving Grace Ministries Inc?
Saving Grace Ministries Inc's mission is centered around facilitating a seamless transition for individuals leaving correctional facilities back into the community. This is achieved through the implementation of a rigorous program grounded in Christian principles. The organization offers a variety of support services, including housing, food, clothing, education, supervision, mentoring, and teaching, to help program residents successfully reintegrate into society. By providing a structured environment, Saving Grace Ministries Inc aims to empower individuals to lead productive lives upon their release, fostering their personal growth and development.
Official website here: www.sgmworld.org
Who is the CEO of Saving Grace Ministries Inc?
Rev Terry King is the Ceo of Saving Grace Ministries Inc. The CEO's salary of Saving Grace Ministries Inc is $53,614 and their total compensation is $53,614.
Official website here: www.sgmworld.org
What is the revenue of Saving Grace Ministries Inc?
Saving Grace Ministries Inc's revenue in 2022 was $1,214,971.
Official website here: www.sgmworld.org
Who are the executives of Saving Grace Ministries Inc and what are their salaries?
The average compensation at Saving Grace Ministries Inc during 2022 was $28,541. There are 23 employees and 50 volunteers at Saving Grace Ministries Inc.
Here are 7 key members and their salaries (Saving Grace Ministries Inc's CEO's salary is $53,614 and their total compensation is $53,614):
- Compensation: $62,824
- Related: $0
- Other: $0
- Compensation: $53,614
- Related: $0
- Other: $0
- Compensation: $29,669
- 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.sgmworld.org
Where can I find the form 990 for Saving Grace Ministries Inc?
Saving Grace Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sgmworld.org
Learn more at the official website: www.sgmworld.org
Mission Statement of Saving Grace Ministries Inc
Saving Grace Ministries Inc is dedicated to facilitating a seamless transition for individuals who have completed their terms in correctional facilities, embracing a structured program based on Christian principles. The organization's primary mission is to offer a supportive environment that includes housing, food, clothing, educational programs, teaching, supervision, mentoring, and more, to aid in the successful reintroduction of these individuals into community life. The goal is to empower these individuals, providing them with the necessary tools and guidance to navigate their new beginnings and foster a prosperous future.
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Impact
October, 2024
Saving Grace Ministries Inc significantly impacts the lives of individuals transitioning from correctional facilities back into community life. By offering a highly structured program rooted in Christian principles, the organization facilitates a smooth reintegration process for these individuals.
The program provides essential resources such as housing, food, clothing, and shelter, addressing basic needs that are critical for anyone re-entering society. Additionally, educational programs, mentorship, and supervision are integral components that help equip participants with the necessary skills and support to navigate their new environment.
Through these efforts, Saving Grace Ministries Inc not only aids individuals in overcoming the barriers they may face after incarceration but also fosters a sense of community and belonging. By focusing on rehabilitation and support, the organization plays a pivotal role in reducing recidivism and promoting positive societal contributions from those it serves.
This information is meant to be a general summary of Saving Grace 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: $6,248
- Program Service Revenue: $669,614
- Gross Receipts: $1,214,971
Assets and Liabilities:
- Total Assets: $4,000,432
- Total Liabilities: $3,393,964
- Net Assets: $606,468
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BED SHELTER FEES
Revenue
$327,521
ERIE CTY REENTRY PROGRAM
Revenue
$44,800
NYS DEPARTMENT OF CORR
Revenue
$61,318
OFC OF TEMP AND DISAB
Revenue
$235,975
Organization Details
Founding Year
1999
Phone
(716) 893-1840Principal Officer
Rev Terry King
Main Address
PO BOX 1013, WILLIAMSVILLE, NY, 14231
Website
www.sgmworld.orgNTEE Category
Code: I31 - Crime
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