Overview
What is Cross Outreach Ministries Inc?
Cross Outreach Ministries Inc is a nonprofit organization that offers assistance to churches and Christian ministries. Their primary focus is on fundraising, acquiring and developing real estate, and promoting the gospel. In 2022, they received funds for expanding church school ministries, and they have invested significantly in constructing property for Christian schools. Additionally, they rent out church office spaces and church schools. This organization's mission is to support and strengthen the religious community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning it a Two-Star out of Four Star rating.
Cross Outreach Ministries Inc has received a Two-Star rating from Charity Navigator, indicating a moderate evaluation of its accountability and financial health. The organization boasts a fully independent board, which is a strength in governance, but it struggles in several areas related to financial transparency and policy documentation.
The organization has a solid program expense ratio of 66.34%, suggesting that a significant portion of its expenses is directed toward its programs. However, it lacks important financial practices such as a review or compilation of financial statements, and several policies regarding governance, including a whistleblower policy and document retention policy, are missing. Additionally, the absence of a website listed on its tax form and its tax documents on the nonprofit’s website raises concerns about transparency.
While there are notable strengths in governance, the overall score reflects the need for Cross Outreach Ministries Inc to improve its financial practices and enhance its transparency to better serve its mission and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cross Outreach Ministries Inc legitimate?
Cross Outreach Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cross Outreach 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: $0
For more financial information, click here
What is the mission statement of Cross Outreach Ministries Inc?
Cross Outreach Ministries Inc is committed to assisting churches and Christian ministries in various capacities. Their mission encompasses providing aid in fund raising activities, acquiring and developing real estate, and promoting the spread of the gospel. In 2022, they received funds from a prior year capital campaign for expanding church school ministries. Additionally, they have invested significantly in constructing property for use by a Christian school. Beyond these endeavors, Cross Outreach Ministries offers rental services for church office space and church schools.
Who is the CEO of Cross Outreach Ministries Inc?
Steve Kiser is the Trustee of Cross Outreach Ministries Inc.
What is the revenue of Cross Outreach Ministries Inc?
Cross Outreach Ministries Inc's revenue in 2022 was $3,016,240.
Who are the executives of Cross Outreach Ministries Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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Where can I find the form 990 for Cross Outreach Ministries Inc?
Cross Outreach Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cross Outreach Ministries Inc
Cross Outreach Ministries is dedicated to aiding churches and Christian ministries in various capacities. Their primary mission revolves around fundraising efforts, acquiring and developing real estate, and propagating the gospel. This nonprofit organization assists these religious institutions in achieving their goals, contributing to the spiritual growth of their communities. In 2022, Cross Outreach Ministries received a significant sum of $54,691 from a previous capital campaign, earmarked for expanding church school ministries. Furthermore, they have invested a substantial amount of $854,874 towards the construction of properties for use by Christian schools. Beyond fundraising and real estate development, Cross Outreach Ministries also offers the rental of church office spaces and church schools, continuing their support for religious institutions in their mission to spread the gospel.
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Impact
August, 2024
Cross Outreach Ministries Inc's impact lies in its dedicated work in assisting churches and Christian ministries with fund raising, real estate acquisition, development, and promulgation of the gospel. In 2022 alone, they received a significant amount of funding from a capital campaign to expand church school ministries and have allocated substantial resources towards constructing real property for use by a Christian school. Their programs, such as the rental of church office space and church school facilities, further contribute to their mission of supporting the growth and sustainability of religious organizations. Their efforts in Bluffton, SC, have made a tangible difference in furthering the work of churches and Christian ministries in the region.
This information is meant to be a general summary of Cross Outreach 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: $2,082,021
- Program Service Revenue: $879,528
- Gross Receipts: $3,564,219
Assets and Liabilities:
- Total Assets: $25,689,475
- Total Liabilities: $14,301,665
- Net Assets: $11,387,810
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$877,668
RENTAL INCOME - CLOSING
Revenue
$1,860
Organization Details
Founding Year
2004
Principal Officer
Steve Kiser
Main Address
PO BOX 1229, BLUFFTON, SC, 29910
NTEE Category
Code: X192 - Religion related
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