Overview
What is Coldwater Ministries Inc?
Coldwater Ministries Inc, located in Huntsville, Alabama, is a nonprofit organization dedicated to aiding needy families and individuals. Their mission encompasses providing essential support in various forms, such as food, medical expenses, and utility bills. Additionally, they contribute to religious activities, further extending their scope of assistance. The organization's purpose is to alleviate the hardships faced by those in need, thereby fostering a sense of community and compassion.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Coldwater Ministries Inc has received a Two-Star rating from Charity Navigator, with an overall score of 73%. This score is based entirely on its Accountability & Finance metrics, which reflect the organization's fiscal responsibility and transparency in managing its resources. A strong aspect of the evaluation is the charity's 100% independent board, which is crucial for governance and oversight.
The organization's financial health is commendable, highlighted by a perfect score in several categories, including a 99.70% program expense ratio and a 0.00% liabilities to assets ratio. This indicates that the vast majority of its expenses go directly to its programs, with no significant liabilities, suggesting sound financial management and a commitment to its mission.
However, the two-star rating indicates that there may be areas for improvement in overall organizational performance beyond financial metrics. While accountability and finance are essential, a holistic view of effectiveness, impact, and other operational measures could enhance the charity's overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Coldwater Ministries Inc legitimate?
Coldwater Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coldwater 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: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Coldwater Ministries Inc?
Coldwater Ministries Inc is committed to providing aid to underprivileged families and individuals. This assistance encompasses essential needs such as food, medical expenses, and utilities. Furthermore, the organization supports various religious activities. In essence, Coldwater Ministries Inc seeks to alleviate the burdens of the needy, offering them essential resources and religious support.
Who is the CEO of Coldwater Ministries Inc?
Athanasios T Pitsinos is the Dir/Vp/Sec of Coldwater Ministries Inc.
What is the revenue of Coldwater Ministries Inc?
Coldwater Ministries Inc's revenue in 2022 was $520,640.
Who are the executives of Coldwater Ministries Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $90,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Coldwater Ministries Inc?
Coldwater Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coldwater Ministries Inc
Coldwater Ministries Inc is dedicated to providing assistance to families and individuals in need. Their mission encompasses a wide range of support, including providing food, covering medical expenses, and helping with utility bills. Furthermore, the organization extends its aid to religious activities, offering additional support in this area. By offering these services, Coldwater Ministries Inc seeks to uplift and improve the lives of those who are struggling financially and spiritually.
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Impact
July, 2024
Coldwater Ministries Inc has a significant impact on the community by providing assistance to needy families and individuals in Huntsville, AL. Their services include offering food, medical expenses, utilities support, and assistance with other religious activities. Through their mission, they work towards alleviating hardship and providing essential support to those in need, making a tangible difference in the lives of vulnerable individuals and families in the area.
This information is meant to be a general summary of Coldwater 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: $100,640
- Program Service Revenue: $420,000
- Gross Receipts: $520,640
Assets and Liabilities:
- Total Assets: $5,350,833
- Total Liabilities: $0
- Net Assets: $5,350,833
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DONATIONS FROM INDIVIDUALS
Revenue
$420,000
Organization Details
Founding Year
2006
Phone
(256) 539-1944Principal Officer
Athanasios T Pitsinos
Main Address
103 YEAGER CT NW, HUNTSVILLE, AL, 35806
NTEE Category
Code: P60 - Human services
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