Overview
What is Read Ministries Inc?
Read Ministries Inc is a nonprofit organization situated in St. Cloud, Minnesota, with a focus on equipping the Eurasian church for effective ministry. They carry out various initiatives in countries like Ukraine, Kyrgyzstan, and a restricted-access nation in Central Asia. Their activities involve training workers for ministry in evangelical churches, distributing Christian literature, media resources, and facilitating resource development and publication initiatives. In response to the humanitarian crisis caused by Russia's invasion of Ukraine, Read Ministries launched a Crisis Relief Fund to support its Ukrainian partners and their crisis response efforts. In 2022, the organization distributed $342,000 from its Crisis Relief Fund to its Ukrainian partner network. Due to the ongoing war, some of their traditional ministry initiatives were suspended, while they continued to focus on crisis response and support for their Ukrainian partner network. Read Ministries also distributed books to local churches in Ukraine, donated literature resources to theological school graduates, funded a digital library distribution initiative, and conducted regional conferences for church leaders in Ukraine.
Official website here: www.readministries.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Read Ministries Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization’s excellent score is primarily driven by its commitment to maintaining a transparent and well-managed financial structure. With 85% of its board members being independent, it demonstrates a robust governance framework that adheres to best practices in nonprofit management.
The organization scored particularly well in areas such as financial oversight, with a perfect score in audit and oversight committee practices and no material diversion of assets. Additionally, it has effective policies in place for conflict of interest and whistleblower protections, which are critical for ensuring ethical operations. The program expense ratio of 68.11% indicates a significant portion of resources directed towards its programs, which is a positive sign of operational effectiveness.
Despite these strengths, there are no noted weaknesses in the available data, suggesting that Read Ministries Inc effectively manages its resources and upholds a high standard of accountability. Overall, the information indicates that this nonprofit is well-structured and dedicated to fulfilling its mission responsibly.
This AI summary has been generated from information found on Charity Navigator.
Is Read Ministries Inc legitimate?
Read Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Read 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: $93,379
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,810
For more financial information, click here
Official website here: www.readministries.org
What is the mission statement of Read Ministries Inc?
Read Ministries Inc's mission is centered around equipping churches in various Eurasian countries, including Ukraine, Kazakhstan, Kyrgyzstan, and Belarus, as well as restricted access countries, for effective ministry. Their primary focus is on training workers for ministry in evangelical churches, distributing Christian literature and other media resources, and initiating resource development and publication projects. Due to the humanitarian crisis caused by Russia's invasion of Ukraine, the organization launched a crisis relief fund to support its Ukrainian partners in their crisis response efforts. In 2022, Read Ministries distributed funds totaling $342,000 from its crisis relief fund to its Ukrainian partner network. Some of their ministry initiatives were suspended during this period as they focused on crisis response and supporting their Ukrainian partner network. In addition, they donated literature resources to students and graduates of theological schools and funded a digital library distribution initiative for church leaders in a restricted access country in Central Asia.
Official website here: www.readministries.org
Who is the CEO of Read Ministries Inc?
Steven Eckert is the Executive Director of Read Ministries Inc.
Official website here: www.readministries.org
What is the revenue of Read Ministries Inc?
Read Ministries Inc's revenue in 2022 was $874,610.
Official website here: www.readministries.org
Who are the executives of Read Ministries Inc and what are their salaries?
The average compensation at Read Ministries Inc during 2022 was $37,297. There are 4 employees and 6 volunteers at Read Ministries Inc.
Here are 7 key members and their salaries:
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Official website here: www.readministries.org
Where can I find the form 990 for Read Ministries Inc?
Read Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.readministries.org
Learn more at the official website: www.readministries.org
Mission Statement of Read Ministries Inc
Read Ministries Inc is committed to equipping the Eurasian church for effective ministry in countries such as Ukraine, Kazakhstan, Kyrgyzstan, Belarus, and restricted-access countries. Their mission is to provide resources, training, and support to workers in evangelical churches, distribute Christian literature and media resources, and engage in resource development and publication initiatives. Due to the humanitarian crisis caused by Russia's invasion of Ukraine, Read Ministries launched its Crisis Relief Fund to support its trusted Ukrainian partners and their crisis response efforts. In 2022, the organization distributed $342,000 from this fund to its Ukrainian partner network. Despite the ongoing war, some of Read Ministries' traditional ministry initiatives were suspended as it focused on its crisis response and support of its Ukrainian partner network.
In addition to its crisis relief efforts, Read Ministries also engaged in various ministry initiatives in 2022. For instance, it distributed approximately 6,000 books to local churches participating in theological school-based ministry training initiatives in Ukraine. It also donated literature resources to students and graduates of various theological schools of the Euro-Asian Accrediting Association (EAAA). Each graduate of an accredited department within these schools received about 8-10 books upon graduation. Furthermore, Read Ministries donated 10 textbooks to each of the approximately 30 graduate-level students enrolled in the Master's in Christian Leadership program at the Kremenchuk Evangelical Seminary.
In summary, Read Ministries Inc is dedicated to empowering the Eurasian church for effective ministry. It achieves this by providing resources, training, and support to workers in evangelical churches, distributing Christian literature and media resources, and engaging in resource development and publication initiatives. During times of crisis, such as the ongoing war in Ukraine, the organization also provides financial support to its trusted partners and engages in crisis relief efforts.
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Impact
October, 2024
Read Ministries Inc has made a significant impact by equipping the Eurasian Church for effective ministry across various regions, including Ukraine, Kazakhstan, Kyrgyzstan, and Belarus. In response to the pressing needs resulting from Russia's invasion of Ukraine, the organization launched a Crisis Relief Fund, successfully distributing $342,000 to support its Ukrainian partners during a time of humanitarian crisis.
In 2022, Read Ministries initiated various Christian-literature-based ministry projects, including the distribution of approximately 6,000 books to over 110 local churches participating in theological training initiatives in Ukrainian regions like Khmelnytsky, Poltava, and Kharkov. Graduates from various theological schools were gifted 8-10 essential books each, further enhancing their educational resources. Additionally, the organization supplied digital library resources tailored for evangelical church leaders in a restricted-access country in Central Asia, thus fostering theological education in challenging environments.
Read Ministries also facilitated regional conferences for church leaders, offering essential resources such as a 20-volume theological library to attendees. Their commitment to training was demonstrated through a dedicated conference for the Baptist Union of Kyrgyzstan, impacting 50 leaders.
Through these initiatives, Read Ministries Inc not only addresses immediate humanitarian needs but also strengthens the foundations of church leadership and theological education in Eurasia, ensuring ongoing support for effective ministry in these regions.
This information is meant to be a general summary of Read 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: $1,025
- Gross Receipts: $874,610
Assets and Liabilities:
- Total Assets: $457,365
- Total Liabilities: $5,660
- Net Assets: $451,705
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Organization Details
Founding Year
2003
Phone
(763) 552-0652Principal Officer
Steven Eckert
Main Address
203 COOPER AVE N 350, ST CLOUD, MN, 56303
Website
www.readministries.orgNTEE Category
Code: X20 - Religion related
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