Overview
What is Liferesource Ministries Inc?
Liferesource Ministries Inc, based in Gardnerville, Nevada, is a small nonprofit organization dedicated to promoting Christian spiritual growth in children and teenagers. They achieve this through the creation and distribution of educational materials, which were made available to approximately 850 individuals in 2005. The organization also conducts seminars around the country, with a focus on fostering spiritual connections in young people. Liferesource Ministries Inc employs a team of one individual, working to fulfill its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Liferesource Ministries Inc has received a One-Star rating from Charity Navigator, which indicates significant concerns regarding its accountability and financial management. The organization scored particularly low in areas related to governance, including the lack of independent board members and policies regarding conflicts of interest and whistleblowing. Additionally, essential documentation such as meeting minutes and the organization's tax forms are not publicly available, which raises questions about transparency.
Despite these issues, Liferesource Ministries demonstrates a strong commitment to its programs, with a program expense ratio of 91%. This suggests that the majority of their financial resources are allocated directly to their mission-driven activities. Furthermore, the organization has shown no material diversion of assets, indicating that its funds are utilized appropriately for its designated purposes.
However, the absence of critical governance policies and independent oversight poses risks to the organization’s overall effectiveness and credibility. Potential donors and stakeholders should consider these factors carefully when evaluating their support for Liferesource Ministries Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Liferesource Ministries Inc legitimate?
Liferesource Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Liferesource 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: $31,430
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Liferesource Ministries Inc?
Liferesource Ministries Inc's mission is centered around educating parents and congregations, with a focus on helping their children establish a connection with God. The organization achieves this through the production of relevant audio materials and conducting seminars on this topic. In 2005, they offered their materials free of charge to approximately 850 individuals, and hosted nine seminars across the country, primarily focusing on the spiritual growth of teenagers and children.
Who is the CEO of Liferesource Ministries Inc?
William R Jacobs is the President of Liferesource Ministries Inc.
What is the revenue of Liferesource Ministries Inc?
Liferesource Ministries Inc's revenue in 2022 was $49,551.
Who are the executives of Liferesource Ministries Inc and what are their salaries?
The average compensation at Liferesource Ministries Inc during 2022 was $31,430. There is 1 employee at Liferesource Ministries Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Liferesource Ministries Inc?
Liferesource Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Liferesource Ministries Inc
Liferesource Ministries Inc, a nonprofit organization, is committed to educating parents and congregations about fostering a spiritual connection between children and God. They achieve this objective through the production of audio materials and by conducting seminars on this subject matter. During 2005, Liferesource Ministries Inc made these resources available to approximately 850 individuals for free. The organization also organized nine seminars across the country, focusing on nurturing the spirituality of adolescents and children.
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Impact
August, 2024
Liferesource Ministries Inc's impact is evident in its efforts to educate parents and congregations on helping children develop a relationship with God. By producing Christian educational materials and conducting seminars focused on spirituality in teens and children, the organization has reached approximately 850 individuals. These initiatives align with the organization's mission to promote spiritual growth and education in families and communities.
This information is meant to be a general summary of Liferesource 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.
- Gross Receipts: $49,551
Assets and Liabilities:
- Total Assets: $17,867
- Total Liabilities: $408
- Net Assets: $17,459
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Organization Details
Phone
(505) 379-0813Principal Officer
William R Jacobs
Main Address
1362 US Highway 395 N Ste 102200, Gardnerville, NV, 89410
NTEE Category
Code: X83 - Religion related
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