Overview
What is Virtue House Ministries Inc?
Virtue House Ministries Inc is a nonprofit organization situated in Louisville, Illinois. Their primary focus is on offering a Christian-centric education curriculum for children from preschool to grade twelve. During the 2020-2021 academic year, the institution had 140 enrolled students. The organization relies on the support of volunteers, with approximately 97 individuals contributing a total of 1,010 volunteer hours. The mission of Virtue House Ministries Inc is to provide an alternative educational program for children in the Louisville, Illinois area. This nonprofit aims to provide a Christ-centered learning environment, fostering personal growth and spiritual development for its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star Rating)
Virtue House Ministries Inc has received a score of 67% from Charity Navigator, which translates to a Two-Star rating. This rating reflects the organization's overall accountability and financial health, with specific strengths in its independent board composition and financial oversight. The charity boasts a high program expense ratio of 85.57%, indicating that a significant majority of its expenditures are directed towards its programs rather than administrative costs.
The organization has demonstrated strong practices in maintaining independent board members, with 54% of its board being independent. Additionally, it has scored full points in areas such as the audit and oversight committee and the documentation of board meeting minutes, showcasing a commitment to transparency and responsible governance.
However, the charity's liabilities to assets ratio is concerning, as it scored 0 out of 15 points in this area. This suggests potential financial vulnerability that could impact its sustainability and ability to fulfill its mission in the long term. Overall, while there are notable strengths, potential donors should consider these limitations when evaluating their support for Virtue House Ministries Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Virtue House Ministries Inc legitimate?
Virtue House Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virtue House 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: $84,083
Professional Fundraising Fees: $0
Other Salaries and Wages: $238,160
For more financial information, click here
What is the mission statement of Virtue House Ministries Inc?
Virtue House Ministries Inc is committed to providing an alternative education program for children from preschool to grade twelve. Their mission is to offer a Christian-centered educational curriculum within and near the Louisville, Illinois, area. During the 2020-2021 school year, they served 140 students and benefited from the support of approximately 97 volunteers, logging over 1,010 volunteer hours. The organization's aim is to provide a nurturing learning environment that integrates faith and academics for its students.
Who is the CEO of Virtue House Ministries Inc?
Matthew Shelton is the President of Virtue House Ministries Inc.
What is the revenue of Virtue House Ministries Inc?
Virtue House Ministries Inc's revenue in 2021 was $540,456.
Who are the executives of Virtue House Ministries Inc and what are their salaries?
The average compensation at Virtue House Ministries Inc during 2021 was $7,494. There are 43 employees and 28 volunteers at Virtue House Ministries Inc.
Here are 11 key members and their salaries:
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- Compensation: $41,083
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- Compensation: $24,333
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Where can I find the form 990 for Virtue House Ministries Inc?
Virtue House Ministries Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Virtue House Ministries Inc
Virtue House Ministries Inc is committed to providing an alternative education program for children in preschool through grade twelve. This mission is carried out within and near the area of Louisville, Illinois. The organization operates as a Christian academy, offering a curriculum that is centered around the teachings of Christ. During the 2020-2021 school year, Virtue House Ministries Inc had 140 students enrolled in their educational program. The organization also relies on the support of volunteers, with approximately 97 individuals contributing a total of 1,010 volunteer hours during this period.
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Impact
July, 2024
Virtue House Ministries Inc's impact is evident in its dedication to providing an alternative education program for children in preschool through grade twelve in Louisville, Illinois, and the surrounding area. Through its Christian academy, the organization offers a Christ-centered education curriculum to 140 students during the 2020-2021 school year. Additionally, Virtue House Ministries Inc engages approximately 97 volunteers who collectively contributed 1,010 volunteer hours to support the educational initiatives. This commitment to youth development through education positively impacts the lives of students and the community, fostering a nurturing learning environment grounded in Christian values.
This information is meant to be a general summary of Virtue House 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 2021.
- Program Service Revenue: $389,380
- Gross Receipts: $588,798
Assets and Liabilities:
- Total Assets: $487,922
- Total Liabilities: $380,500
- Net Assets: $107,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$386,810
OTHER PROGRAM SERVICES
Revenue
$2,570
Organization Details
Founding Year
2007
Phone
(618) 665-4441Principal Officer
Matthew Shelton
Main Address
600 ERWIN ST, LOUISVILLE, IL, 62858
NTEE Category
Code: O55 - Youth development
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