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Capstone Ministries Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204721044 ✦ Mitchell, IN ✦ Designated as a 501(c)(3)

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Overview

What is Capstone Ministries Inc?

Capstone Ministries Inc is a nonprofit organization that operates a charitable used clothing store. Located within the community, they accept donations of clothing and merchandise and offer them at an affordable price. The primary goal of Capstone Ministries Inc is to support the community financially. They accomplish this by providing affordable clothing options, thereby helping those in need. Additionally, the organization may offer financial aid to individuals or families in need, furthering their commitment to community support.

Is Capstone Ministries Inc legitimate?

Capstone Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capstone 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: $107,665

For more financial information, click here

What is the mission statement of Capstone Ministries Inc?

Capstone Ministries Inc's mission is centered around supporting the community financially. The organization achieves this by operating a used clothing store. They accept donations of clothing and merchandise and offer these items at affordable prices to the community. This initiative serves as a means to provide financial aid, thereby supporting the community's needs.

Who is the CEO of Capstone Ministries Inc?

Darren Chastain is the Parish of Capstone Ministries Inc.

What is the revenue of Capstone Ministries Inc?

Capstone Ministries Inc's revenue in 2022 was $232,391.

Who are the executives of Capstone Ministries Inc and what are their salaries?

The average compensation at Capstone Ministries Inc during 2022 was $9,788. There are 11 employees and 5 volunteers at Capstone Ministries Inc.


There is 1 key member and their salary:


Penny (Parish)
  • Compensation: $27,048
  • Related: $0
  • Other: $0
Where can I find the form 990 for Capstone Ministries Inc?

Capstone Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Capstone Ministries Inc

Capstone Ministries Inc, a nonprofit organization, is dedicated to supporting its community through financial aid. They accomplish this mission by operating a charitable clothing and supply store. The organization accepts donations of used clothing and merchandise and makes these items available to the community at affordable prices. By doing so, Capstone Ministries Inc provides a vital source of financial aid to individuals in need, allowing them to access essential items without incurring high costs. The store's operations not only help support the community financially but also contribute to the reduction of waste by recycling donated items, thereby promoting environmental sustainability.

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Impact




October, 2024

Capstone Ministries Inc significantly impacts the Mitchell, IN community by providing essential resources through its used clothing store. By accepting donations of clothing and merchandise, the organization ensures that quality items are available at low costs, making them accessible to individuals and families in need. This initiative not only helps alleviate financial burdens but also promotes sustainability by repurposing clothing and goods rather than allowing them to go to waste.

In addition to the clothing store, Capstone Ministries Inc offers financial aid to support community members facing economic challenges. This multifaceted approach not only addresses immediate needs but also fosters a sense of community solidarity and support. Through these efforts, Capstone Ministries Inc plays a vital role in uplifting individuals and families in the area, enhancing their quality of life, and promoting a more resilient community.




This information is meant to be a general summary of Capstone 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.

Revenue
$232,391 (2022)
Expenses
$223,668 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $232,077
  • Gross Receipts: $232,957

Assets and Liabilities:

  • Total Assets: $188,617
  • Total Liabilities: $27,835
  • Net Assets: $160,782

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Organization Details

Founding Year

2006

Principal Officer

Darren Chastain

Main Address

701 MAIN STREET, MITCHELL, IN, 47446

NTEE Category

Code: P29 - Human services

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