Overview
What is Interest Ministries?
Interest Ministries is a nonprofit organization situated in South Barrington, Illinois, with a focus on assisting the most vulnerable populations. They provide grants, training, coaching, and networking opportunities to individuals and programs working with children, youth, and the economically disadvantaged, particularly in inner-cities and among the spiritually under-reached. Their mission is to equip and encourage those serving in challenging environments, with a special emphasis on programs benefiting children, youth, and the most needy. The organization has a small team of four dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Interest Ministries has achieved a Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored highly in all assessed areas, particularly in accountability and finance, which is critical for nonprofits to demonstrate transparency and responsible management of resources.
The organization boasts an impressive program expense ratio of 93.65%, indicating that the vast majority of its funds are directed toward its mission-driven programs. Additionally, the board is comprised of 75% independent members, ensuring a governance structure that minimizes conflicts of interest and promotes ethical oversight. The absence of material asset diversion further demonstrates the organization's reliability and integrity.
While the data showcases significant strengths, it's essential for potential donors to continually monitor the organization’s performance and initiatives. Overall, Interest Ministries appears to be a well-managed nonprofit that prioritizes effective use of resources and accountability to its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Interest Ministries legitimate?
Interest Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interest 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: $99,035
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,885
For more financial information, click here
What is the mission statement of Interest Ministries?
Interest Ministries is dedicated to supporting individuals who serve in challenging environments, focusing on the poor, marginalized, and spiritually unreached. Particularly, they aid programs that cater to children, youth, and those in dire need. Their mission encompasses providing grants, training, coaching, and networking opportunities to enhance the abilities and reach of these workers and programs, operating within the context of poverty, urban areas, and spiritual outreach.
Who is the CEO of Interest Ministries?
Mark Dyer is the Chair & Secretary of Interest Ministries.
What is the revenue of Interest Ministries?
Interest Ministries's revenue in 2022 was $2,446,025.
Who are the executives of Interest Ministries and what are their salaries?
The average compensation at Interest Ministries during 2022 was $47,230. There are 4 employees at Interest Ministries.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,483
- Related: $0
- Other: $0
- Compensation: $12,400
- Related: $0
- Other: $38,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $40,910
- Related: $0
- Other: $0
Where can I find the form 990 for Interest Ministries?
Interest Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Interest Ministries
Interest Ministries, as an organization, is dedicated to aiding and inspiring individuals who serve God in challenging circumstances, particularly among the impoverished, marginalized, and spiritually underprivileged communities. Their mission primarily focuses on supporting programs that cater to children, adolescents, and those in dire need. By providing grants, training, coaching, and networking opportunities, Interest Ministries seeks to empower these initiatives and the workers involved, ultimately advancing God's Kingdom in these communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Interest Ministries has a significant impact by equipping and encouraging individuals and organizations serving in challenging environments, particularly among the poor, marginalized, and spiritually unreached populations. Through targeted grants, training, coaching, and networking opportunities, Interest Ministries supports programs that focus on children, youth, and those most in need in contexts of poverty and inner-city challenges.
By fostering skills and providing resources, Interest Ministries enhances the capacity of workers and programs, enabling them to make a tangible difference in their communities. The emphasis on outreach to vulnerable groups ensures that essential services and support reach those who might otherwise be overlooked. This holistic approach not only addresses immediate needs but also helps build a foundation for long-term transformation and empowerment among marginalized populations.
This information is meant to be a general summary of Interest 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: $31,035
- Program Service Revenue: $7,958
- Gross Receipts: $2,446,025
Assets and Liabilities:
- Total Assets: $2,400,948
- Total Liabilities: $1,939
- Net Assets: $2,399,009
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Literature Sales
Revenue
$40
Spiritual Coaching
Revenue
$7,918
Organization Details
Founding Year
1951
Phone
(847) 519-1495Principal Officer
Mark Dyer
Main Address
33 W Higgins Rd, South Barrington, IL, 60010
NTEE Category
Code: X21 - Religion related
If you are a representative of Interest Ministries and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.