Overview
What is Waves Of Mercy Inc?
Waves of Mercy Inc is a nonprofit organization, headquartered in Greenville, Kentucky, with a mission to extend aid to Haitian orphanages and execute a public nutrition education program. Additionally, they offer emergency care, particularly in response to natural disasters like earthquakes, and provide support to displaced male youth and AIDS victims in Haiti. Beyond Haiti, Waves of Mercy Inc contributes to educational initiatives at other colleges and learning centers. They also institute educational programs for boys in Haiti and engage in construction projects to address homelessness in the country. The organization's work encompasses a range of humanitarian efforts, from supporting orphanages to providing emergency relief and promoting education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Waves Of Mercy Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and finance practices. The organization has a strong score for having a majority of independent board members and maintains a solid program expense ratio of 88.46%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs.
However, the nonprofit faces several significant weaknesses, particularly in financial transparency. It has not provided any financial statements, which has severely impacted its score in that area. Additionally, there are missing policies regarding whistleblower protections, document retention, and board meeting minutes, which raises concerns about governance and oversight.
While the organization does not have material diversions of assets and maintains a healthy liabilities-to-assets ratio, its lack of essential financial documentation and transparency measures limits its overall effectiveness and trustworthiness. Improving these areas could enhance its rating and better support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Waves Of Mercy Inc legitimate?
Waves Of Mercy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waves Of Mercy 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
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Other Salaries and Wages: $61,000
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What is the mission statement of Waves Of Mercy Inc?
Waves of Mercy Inc is committed to providing auxiliary support to orphanages in Haiti, promoting education programs, and executing a nutrition program accessible to the public. In addition to these initiatives, the organization operates emergency relief programs within Haiti. The mission of Waves of Mercy Inc extends to offering assistance to sick and displaced male youth, contributing to educational institutions, and providing emergency care to earthquake victims in Haiti. Furthermore, the organization has established a boys' education program in Haiti and undertaken construction projects for homeless individuals.
Who is the CEO of Waves Of Mercy Inc?
Larry Owen is the President of Waves Of Mercy Inc.
What is the revenue of Waves Of Mercy Inc?
Waves Of Mercy Inc's revenue in 2022 was $506,755.
Who are the executives of Waves Of Mercy Inc and what are their salaries?
The average compensation at Waves Of Mercy Inc during 2022 was $20,333. There are 3 employees at Waves Of Mercy Inc.
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Where can I find the form 990 for Waves Of Mercy Inc?
Waves Of Mercy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waves Of Mercy Inc
Waves of Mercy Inc, a nonprofit organization, is committed to providing auxiliary support to orphanages in Haiti and executing a nutritional education program accessible to the public. Beyond this, the organization also extends its services to sick displaced male youth, AIDS victims in Haiti, and contributes to educational institutions for learning purposes. In times of crisis, such as natural disasters, Waves of Mercy Inc steps up to offer emergency relief programs in Haiti. Furthermore, the organization has initiated a boys' education program in Haiti and undertakes construction projects for the benefit of the homeless. In essence, Waves of Mercy Inc strives to improve the lives of the less fortunate in Haiti through various means, including education, nutrition, and emergency relief.
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Impact
July, 2024
Waves Of Mercy Inc's impact is significant and far-reaching, focusing on providing auxiliary support to orphanages in Haiti, implementing education programs, executing a nutrition program available to the public, and operating emergency relief programs in Haiti. The organization also offers services to sick displaced male youth, supports AIDS victims in Haiti, contributes to various colleges and learning centers for educational purposes, provides emergency care to earthquake victims in Haiti, runs a boys' education program in Haiti, and initiates construction projects for the homeless in Haiti. Their work spans various critical areas, making a meaningful difference in the lives of many in need.
This information is meant to be a general summary of Waves Of Mercy 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 2022.
- Gross Receipts: $506,755
Assets and Liabilities:
- Total Assets: $1,512,860
- Total Liabilities: $0
- Net Assets: $1,512,860
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Organization Details
Phone
(270) 543-3700Principal Officer
Larry Owen
Main Address
79 ROLLEY, GREENVILLE, KY, 42345
NTEE Category
Code: Q330 - International
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