Overview
What is Oasis Appliance Inc?
Oasis Appliance Inc, located in Memphis, Tennessee, is a nonprofit organization that aims to serve low-income neighborhoods. Their primary mission involves providing pre-owned appliances at significantly reduced prices. Beyond this, they also engage in Christian ministry, focusing mainly on North Memphis, TN. Their initiatives are geared towards assisting individuals of low income by helping them acquire necessary furniture and appliances. The organization, with a workforce of three, is committed to making a positive impact in the community.
Official website here: www.oasis-of-hope.com/oasis-appliance
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
Oasis Appliance Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The rating is based on a comprehensive assessment that highlights the organization’s strong commitment to transparency, with 100% of its board members being independent and a well-structured governance framework that includes listed conflict of interest and document retention policies.
Significantly, the organization maintains a high program expense ratio of 88.58%, demonstrating a strong focus on channeling funds directly into its programs rather than administrative costs. However, it does have some shortcomings, such as the absence of a whistleblower policy and document retention and destruction practices, which could be areas for improvement in governance practices.
Overall, Oasis Appliance Inc’s performance reflects a commitment to effective management and financial responsibility, although addressing the noted policy gaps could enhance its operational integrity and reassure stakeholders of its dedication to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is Oasis Appliance Inc legitimate?
Oasis Appliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oasis Appliance 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,891
For more financial information, click here
Official website here: www.oasis-of-hope.com/oasis-appliance
What is the mission statement of Oasis Appliance Inc?
Oasis Appliance Inc's mission revolves around providing Christian ministry, focusing primarily on low-income communities. They achieve this by offering assistance to those in need, enabling them to purchase essential furniture and appliances at significantly reduced prices. This initiative aims to improve the living conditions of these individuals, thereby contributing to their overall well-being. The organization operates on the premise of providing quality pre-owned appliances, thereby making them more affordable and accessible for the residents of low-income neighborhoods.
Official website here: www.oasis-of-hope.com/oasis-appliance
Who is the CEO of Oasis Appliance Inc?
Joy Marseille is the Secretary of Oasis Appliance Inc.
Official website here: www.oasis-of-hope.com/oasis-appliance
What is the revenue of Oasis Appliance Inc?
Oasis Appliance Inc's revenue in 2022 was $111,906.
Official website here: www.oasis-of-hope.com/oasis-appliance
Who are the executives of Oasis Appliance Inc and what are their salaries?
The average compensation at Oasis Appliance Inc during 2022 was $16,630. There are 3 employees and 4 volunteers at Oasis Appliance Inc.
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Official website here: www.oasis-of-hope.com/oasis-appliance
Where can I find the form 990 for Oasis Appliance Inc?
Oasis Appliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oasis-of-hope.com/oasis-appliance
Learn more at the official website: www.oasis-of-hope.com/oasis-appliance
Mission Statement of Oasis Appliance Inc
Oasis Appliance Inc, a nonprofit organization, is primarily dedicated to providing Christian ministry in various capacities. Their primary mission lies in assisting low-income individuals in procuring necessary furniture and appliances. By offering pre-owned appliances at significantly reduced prices, Oasis Appliance Inc aims to make a tangible difference in the lives of those residing in low-income neighborhoods. Their mission is rooted in the belief that everyone deserves access to essential household items, thereby contributing to a more equitable and comfortable living environment.
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Impact
October, 2024
Oasis Appliance Inc. plays a vital role in supporting low-income communities in North Memphis, TN, by offering access to quality pre-owned furniture and appliances at significantly reduced prices. This initiative not only alleviates financial burdens for residents but also enhances their living conditions, allowing them to create more comfortable and functional homes. By focusing on affordability and accessibility, Oasis Appliance Inc. empowers individuals and families, promoting dignity and stability within the community. The organization embodies its mission of providing Christian ministry through tangible support, fostering a sense of hope and uplifting those in need. Overall, Oasis Appliance Inc. significantly impacts the lives of low-income residents by delivering essential resources, contributing to the overall well-being of the North Memphis community.
This information is meant to be a general summary of Oasis Appliance 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: $171,588
Assets and Liabilities:
- Total Assets: $129,319
- Total Liabilities: $70,797
- Net Assets: $58,522
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Organization Details
Founding Year
2009
Phone
(901) 577-0013Principal Officer
Joy Marseille
Main Address
932 NORTH SIXTH STREET, MEMPHIS, TN, 38107
NTEE Category
Code: X03 - Religion related
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