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The Overcomer Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262930033 ✦ Excelsior, MN ✦ Designated as a 501(c)(3)

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Overview

What is The Overcomer Foundation?

The Overcomer Foundation is a nonprofit organization located in Excelsior, Minnesota. Currently, they utilize educational resources such as radio broadcasts, print materials, videos, and events to fulfill their purpose. Their mission, in essence, is to aid individuals in overcoming the hurdles they encounter in life. Future plans involve organizing youth events, sports camps, educational programs, and offering financial aid.


Official website here: www.overcomerfoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76%, Three-Star out of Four Star Rating

The Overcomer Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. With a score of 76%, this rating is derived entirely from the charity's performance in the Accountability & Finance beacon, reflecting its commitment to transparency and responsible management of funds.

Strengths of the organization include a fully independent board, with 100% independent members, and a strong program expense ratio of 80.52%, showing that a significant portion of its resources is directed towards its programs. Additionally, the foundation has demonstrated effective asset management, with a low liabilities to assets ratio of 5.36%. Key documents, such as board meeting minutes, are properly maintained and accessible, reinforcing its accountability.

However, there are some limitations noted in the evaluation. The Overcomer Foundation is missing essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which may raise concerns about governance practices. Addressing these areas could enhance the organization's overall rating and public trust.


This AI summary has been generated from information found on Charity Navigator.

Is The Overcomer Foundation legitimate?

The Overcomer Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Overcomer Foundation 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: $15,303
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.overcomerfoundation.org

What is the mission statement of The Overcomer Foundation?

The Overcomer Foundation's mission is centered around assisting individuals in overcoming the challenges life presents. Currently, they achieve this goal through educational resources such as radio broadcasts, printed materials, and videos. Additionally, future plans involve organizing youth events, sports camps, providing schooling, and offering financial aid.


Official website here: www.overcomerfoundation.org

Who is the CEO of The Overcomer Foundation?

David Wheaton is the Executive Dir. of The Overcomer Foundation.


Official website here: www.overcomerfoundation.org

What is the revenue of The Overcomer Foundation?

The Overcomer Foundation's revenue in 2022 was $476,385.


Official website here: www.overcomerfoundation.org

Who are the executives of The Overcomer Foundation and what are their salaries?


Here are 6 key members and their salaries:


David Wheaton (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Anderson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brodie Wheaton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Wheaton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Styrbicki (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Wheaton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.overcomerfoundation.org

Where can I find the form 990 for The Overcomer Foundation?

The Overcomer Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.overcomerfoundation.org

Learn more at the official website: www.overcomerfoundation.org

Mission Statement of The Overcomer Foundation

The Overcomer Foundation, a nonprofit organization, is dedicated to helping individuals overcome the obstacles they encounter in life. Their mission is achieved through various educational means, including the use of radio, print, and video resources, as well as organizing events. The organization has plans to expand its reach further, with intentions to conduct youth events, sports camps, provide schooling, and offer financial aid. By doing so, The Overcomer Foundation aims to empower individuals to overcome the challenges they face, ultimately leading to personal growth and improvement.

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Impact




July, 2024

The Overcomer Foundation is dedicated to helping individuals overcome life's challenges through educational initiatives, multimedia resources, and events. Their impact includes providing support, encouragement, and resources for personal growth and overcoming obstacles. Additionally, they are planning to expand their reach with youth events, sports camps, schooling, and financial aid programs to further assist individuals in realizing their potential and overcoming life's hurdles.




This information is meant to be a general summary of The Overcomer Foundation. 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.

Revenue
$476,385 (2022)
Expenses
$228,442 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,026
  • Gross Receipts: $555,844

Assets and Liabilities:

  • Total Assets: $540,073
  • Total Liabilities: $28,982
  • Net Assets: $511,091

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Organization Details

Founding Year

2009

Principal Officer

David Wheaton

Main Address

PO BOX 401, EXCELSIOR, MN, 55331

NTEE Category

Code: X84 - Religion related

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