Overview
What is Good Steward Ministries Inc?
Good Steward Ministries Inc is a nonprofit organization situated in Marshville, North Carolina. With a dedicated workforce of 34 individuals, they operate two thrift stores that receive donated tangible goods for resale. The primary objective of these stores is to generate funds, which are then donated to various charities to assist needy families and support the mission efforts of local agencies. Additionally, a portion of the proceeds is allocated to aid homeless and pregnancy centers, as well as contribute to the Osenase Orphanage and the Ghana Prisons Service. The organization's activities are aligned with its mission to provide support to those in need, making a tangible impact in its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Good Steward Ministries Inc has received a two-star rating from Charity Navigator, reflecting a score of 60%. This rating indicates areas where the organization may need to enhance its accountability and financial practices. While the organization boasts a fully independent board with excellent performance in managing liabilities and program expenses, it faces significant challenges in transparency and governance.
The nonprofit has a strong program expense ratio of 95.95%, suggesting that a substantial portion of its funds is directed towards its mission. However, shortcomings in financial reporting are evident, as it scored poorly in areas such as independent board size, financial statements, and overall financial transparency. These limitations raise concerns regarding the organization’s adherence to best practices in nonprofit management.
Transparency issues are further highlighted by the absence of essential policies and documentation, including a conflict of interest policy and a whistleblower policy. Additionally, the lack of financial statements on its website may hinder trust and accountability among stakeholders. Moving forward, addressing these shortcomings will be crucial for improving its overall rating and fostering greater confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Good Steward Ministries Inc legitimate?
Good Steward Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Steward 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $404,566
For more financial information, click here
What is the mission statement of Good Steward Ministries Inc?
Good Steward Ministries Inc's mission is centered around providing support to homeless and pregnancy centers. They achieve this by utilizing the funds generated from the resale of donated items in their thrift stores, located in Union County, North Carolina. The profits are then distributed to various charities, helping to assist needy families and further the gospel mission efforts of local agencies. Additionally, a portion of the funds is allocated to support the Osenase Orphanage and the Ghana Prisons Service. The organization's thrift stores serve as a means to generate resources for these noble causes.
Who is the CEO of Good Steward Ministries Inc?
Brian Stewart is the Manager of Good Steward Ministries Inc.
What is the revenue of Good Steward Ministries Inc?
Good Steward Ministries Inc's revenue in 2023 was $1,123,537.
Who are the executives of Good Steward Ministries Inc and what are their salaries?
The average compensation at Good Steward Ministries Inc during 2023 was $11,899. There are 34 employees at Good Steward Ministries Inc.
Here are 2 key members and their salaries:
- Compensation: $97,625
- Related: $0
- Other: $0
- Compensation: $22,946
- Related: $0
- Other: $0
Where can I find the form 990 for Good Steward Ministries Inc?
Good Steward Ministries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Good Steward Ministries Inc
Good Steward Ministries Inc, a nonprofit organization, is committed to providing support to homeless individuals and pregnancy centers. They accomplish this mission by generating funds through the operation of two resale thrift stores located in Union County, NC. The proceeds and profits from these sales are then donated to various charities, aiming to assist needy families and further the gospel mission efforts of local agencies. Additionally, a portion of these funds is directed towards the Osenase Orphanage and the Ghana Prisons Service. By engaging in this resale activity, Good Steward Ministries Inc is able to make a significant impact in the lives of those in need, while also aligning their efforts with religious and charitable causes.
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Impact
August, 2024
Good Steward Ministries Inc's impact is significant in supporting homeless and pregnancy centers through funds obtained from resale thrift stores in Union County, NC. By operating two thrift stores that receive donated goods for resale, this organization is able to donate all proceeds and profits to various charities. This support helps needy families and enhances the efforts of local agencies, the Osense Orphanage, and the Ghana Prisons Service. Through their mission, Good Steward Ministries Inc is making a tangible difference in the community by providing essential support to those in need.
This information is meant to be a general summary of Good Steward 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 2023.
- Investment Income: $3,050
- Program Service Revenue: $1,120,487
- Gross Receipts: $1,170,268
Assets and Liabilities:
- Total Assets: $844,479
- Total Liabilities: $171,328
- Net Assets: $673,151
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,120,487
Organization Details
Founding Year
2004
Phone
(704) 695-5336Principal Officer
Brian Stewart
Main Address
110 MAIN ST, MARSHVILLE, NC, 28103
NTEE Category
Code: X20 - Religion related
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