Overview
What is Cyrus Ministries?
Cyrus Ministries, based in Torrance, California, is a nonprofit organization with a mission to serve and nurture young individuals in the context of Christian faith. Situated at 1407 Crenshaw Boulevard 201, this organization is dedicated to providing religious services and fostering spiritual growth among its youth members. While specific program details are not provided in the information, it is clear that Cyrus Ministries is committed to promoting Christian values and offering support to its young community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
Cyrus Ministries has received a low rating primarily due to its weak Accountability & Finance score of 33%. This score reflects serious gaps in governance and transparency, particularly the absence of essential policies such as a conflict of interest policy, whistleblower policy, and a document retention policy. While the organization does excel in having a majority of independent board members and no material diversion of assets, these strengths are overshadowed by significant deficiencies in documentation and financial practices.
The charity's program expense ratio stands at 46.26%, which indicates that less than half of its expenses are directed towards programs, raising concerns about its overall effectiveness in serving its mission. Furthermore, the charity has not made its tax form accessible on its website, which limits transparency and accountability to donors and stakeholders.
Overall, while Cyrus Ministries has some positive aspects regarding board independence and asset management, its lack of foundational governance policies and low program expense ratio highlight critical areas needing improvement to enhance its credibility and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Cyrus Ministries legitimate?
Cyrus Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cyrus Ministries 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: $49,000
For more financial information, click here
What is the mission statement of Cyrus Ministries?
Cyrus Ministries is committed to providing religious services and nurturing youth in the Christian faith. Their mission entails offering religious guidance and fostering spiritual growth among young individuals. They aim to instill strong Christian values and beliefs in the youth, providing them with a solid foundation for their spiritual journey. The organization's activities are centered around religious education, fostering a sense of community, and promoting spiritual growth among the youth.
Who is the CEO of Cyrus Ministries?
Hyeon K Bae is the Secretary of Cyrus Ministries. The CEO's salary of Cyrus Ministries is $20,000 and their total compensation is $20,000.
What is the revenue of Cyrus Ministries?
Cyrus Ministries's revenue in 2022 was $60,690.
Who are the executives of Cyrus Ministries and what are their salaries?
There 10 volunteers at Cyrus Ministries.
Here are 2 key members and their salaries (Cyrus Ministries's CEO's salary is $20,000 and their total compensation is $20,000):
- Compensation: $29,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
Where can I find the form 990 for Cyrus Ministries?
Cyrus Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cyrus Ministries
Cyrus Ministries is dedicated to serving and nurturing youth in the context of Christian faith. Their mission is centered around providing religious services, aiming to guide and support young individuals in their spiritual journey. This nonprofit organization focuses on fostering a strong connection between the youth and their religious beliefs, promoting growth and development within this framework.
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Impact
August, 2024
Cyrus Ministries impacts the community by providing religious services and nurturing the youth in Christian faith. Their mission is focused on guiding young individuals in their spiritual journey and helping them establish a strong foundation in the Christian faith. Through their activities and services, Cyrus Ministries plays a crucial role in shaping the beliefs and values of the youth in Torrance, California, ultimately contributing to the growth and development of a spiritually grounded community.
This information is meant to be a general summary of Cyrus Ministries. 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: $9,172
- Gross Receipts: $60,690
Assets and Liabilities:
- Total Assets: $1,009,051
- Total Liabilities: $0
- Net Assets: $1,009,051
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Organization Details
Founding Year
2007
Phone
(310) 968-1997Principal Officer
Hyeon K Bae
Main Address
1407 CRENSHAW BLVD 201, TORRANCE, CA, 90501
NTEE Category
Code: X20 - Religion related
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