Overview
What is Weaverland Financial Aid Of Missouri Inc?
Weaverland Financial Aid of Missouri Inc, based in Memphis, Missouri (63555), is a nonprofit organization with a unique mission. Their primary goal is to generate funds for offering low-interest loans to young individuals within the Mennonite community. This initiative aims to support these individuals as they establish themselves within their religious community. The organization operates with the belief that financial assistance can play a significant role in fostering personal growth and community integration.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star Rating
Weaverland Financial Aid Of Missouri Inc has received a score of 71%, earning a Two-Star rating primarily based on its Accountability & Finance metrics. The overall score reflects a strong commitment to financial transparency and governance with a perfect score for having an independent board and well-documented practices. The organization showcases robust program expenses, with 94.86% of its budget directed toward its programs, indicating a focus on operational efficiency.
Strengths of Weaverland Financial Aid include its fully independent board, which consists of 10 members, and its strong financial oversight mechanisms, illustrated by a well-structured audit and oversight committee. The absence of material diversion of assets and the establishment of a conflict of interest policy further demonstrate the organization's commitment to ethical governance. These factors contribute positively to the charity's overall accountability.
However, the organization falls short with its liabilities to assets ratio, scoring 0 out of 15 points, which may raise concerns regarding its financial stability. While the majority of metrics are commendable, this particular area suggests that stakeholders should monitor Weaverland's financial health closely. Overall, the charity displays a commitment to best practices in many areas, although attention to its financial ratios might be necessary.
This AI summary has been generated from information found on Charity Navigator.
Is Weaverland Financial Aid Of Missouri Inc legitimate?
Weaverland Financial Aid Of Missouri Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Weaverland Financial Aid Of Missouri 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:
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What is the mission statement of Weaverland Financial Aid Of Missouri Inc?
Weaverland Financial Aid of Missouri Inc's primary mission is to establish a source of funds for providing low-interest loans to young individuals affiliated with the Mennonite community. The organization's goal is to assist these individuals in establishing themselves within the church community by providing them with financial support. By offering low-interest loans, Weaverland Financial Aid aims to empower young Mennonites to pursue their goals and contribute to their community. The organization's activities are centered around this mission, providing a vital financial resource for young Mennonites.
Who is the CEO of Weaverland Financial Aid Of Missouri Inc?
David Martin is the Chairman of Weaverland Financial Aid Of Missouri Inc.
What is the revenue of Weaverland Financial Aid Of Missouri Inc?
Weaverland Financial Aid Of Missouri Inc's revenue in 2023 was $1,853,590.
Who are the executives of Weaverland Financial Aid Of Missouri Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Weaverland Financial Aid Of Missouri Inc?
Weaverland Financial Aid Of Missouri Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Weaverland Financial Aid Of Missouri Inc
Weaverland Financial Aid of Missouri Inc is a nonprofit organization with a mission to generate a reliable source of funds. This mission is specifically aimed at providing low-interest loans to young individuals within the Mennonite community. The primary objective of this initiative is to help these individuals establish themselves within their church community. By offering affordable loans, Weaverland Financial Aid of Missouri Inc aims to support the financial aspirations of young Mennonites, enabling them to make meaningful contributions to their community.
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Impact
October, 2024
Weaverland Financial Aid Of Missouri Inc significantly impacts the community by providing low-interest loans specifically tailored for young Mennonite individuals. This financial support helps these individuals establish themselves within the church community, offering them the necessary resources to pursue various opportunities, whether for education, business ventures, or personal development.
By generating a consistent source of funds, the organization not only alleviates financial burdens but also fosters growth and stability within the Mennonite community. The loans enable recipients to achieve their goals while maintaining adherence to their values and commitments to their faith. Overall, this initiative contributes to empowering young men and women, promoting self-sufficiency, and strengthening community ties.
This information is meant to be a general summary of Weaverland Financial Aid Of Missouri 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 2023.
- Investment Income: $8,689
- Program Service Revenue: $1,844,901
- Gross Receipts: $1,853,590
Assets and Liabilities:
- Total Assets: $43,967,997
- Total Liabilities: $43,759,077
- Net Assets: $208,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INTEREST LOANS
Revenue
$1,844,901
Organization Details
Founding Year
2008
Phone
(660) 465-2274Principal Officer
David Martin
Main Address
235 W GRAND AVE, MEMPHIS, MO, 63555
NTEE Category
Code: X99 - Religion related
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