Overview
What is The Word Forum?
The Word Forum is a non-denominational educational institution, primarily dedicated to interpreting the teachings, wisdom, and truth within the Bible. Their activities are centered around this mission, primarily achieved through the sale of related books and the collection of membership fees. As an academic center, they strive to foster understanding of biblical teachings, limiting their scope to these specific areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (58%)
The Word Forum has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score reflects issues primarily related to missing financial disclosures and policies, despite scoring well in areas like the independence of board members and the liabilities to assets ratio.
While the organization demonstrates a 100% program expense ratio, suggesting that all expenditures go directly to its programs, it lacks transparency in its financial statements and important governance policies. The absence of a conflict of interest policy, whistleblower policy, and documented meeting minutes raises questions about the organization's operational integrity.
Improvements are necessary for The Word Forum to enhance its rating and build trust with potential donors and stakeholders. Addressing the noted deficiencies in financial reporting and governance protocols will be crucial for the organization's future credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Word Forum legitimate?
The Word Forum is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Word Forum 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: $864,204
For more financial information, click here
What is the mission statement of The Word Forum?
The Word Forum functions as a non-denominational academic center, dedicated to interpreting the teachings, wisdom, and truth found within the Bible. This is achieved through various activities, primarily involving the sale of relevant books and the collection of membership fees. The organization's focus is limited to these Bible-related activities, providing a platform for individuals to explore and understand the Bible's teachings in an academic setting.
Who is the CEO of The Word Forum?
Sang Kuk Lee is the President of The Word Forum.
What is the revenue of The Word Forum?
The Word Forum's revenue in 2022 was $1,366,303.
Who are the executives of The Word Forum and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Word Forum?
The Word Forum's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Word Forum
The Word Forum, as a non-denominational academic center, is dedicated to deciphering the teachings, wisdom, and truth encompassed within the Bible. Its mission is to limit its activities to this specific focus, providing a platform for interpreting the sacred text through various programs. Among these programs, The Word Forum sells books and charges membership fees, contributing to its academic endeavors.
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Impact
October, 2024
The Word Forum has a significant impact as a non-denominational academic center that focuses on interpreting the teachings, wisdom, and truth found in the Bible. By providing a platform for critical engagement with biblical texts, it fosters deeper understanding and appreciation of scripture among its members and the wider community. Through various programs, including the sale of books and membership offerings, it facilitates access to valuable resources that encourage intellectual exploration and spiritual growth.
Located in Katonah, NY, The Word Forum plays a pivotal role in promoting discourse around biblical teachings, making these insights more accessible to individuals seeking knowledge and guidance. Its mission to bridge gaps in understanding within religious contexts not only aids in personal development but also cultivates a sense of community among those with similar interests. Overall, The Word Forum contributes to the enrichment of theological education and supports individuals on their spiritual journeys.
This information is meant to be a general summary of The Word Forum. 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: $1,370,204
Assets and Liabilities:
- Total Assets: $525,474
- Total Liabilities: $10,413
- Net Assets: $515,061
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Organization Details
Founding Year
2001
Principal Officer
Sang Kuk Lee
Main Address
2875 ROUTE 35 STE 6S-4A, KATONAH, NY, 10536
NTEE Category
Code: X80 - Religion related
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