Overview
What is Missionary Financial Services?
Missionary Financial Services is a nonprofit organization based in Spokane, Washington. With a small team of three individuals, the organization's primary purpose is to offer charitable, educational, and religious support for cross-cultural missionary work. They collaborate with various Christian churches and missionaries who adhere to the Bible's authority and application, aligning with the organization's beliefs. The missionaries are currently active in the Czech Republic, United Kingdom, Peru, and Guatemala, spreading the Good News of Jesus Christ and contributing to local churches. Through their efforts, Missionary Financial Services aims to enhance and support religious initiatives globally.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Missionary Financial Services has received a Two-Star rating from Charity Navigator, indicating potential areas for improvement despite strengths in some key metrics. The organization's Accountability & Finance score is the sole factor contributing to this rating, highlighting a focus on financial governance. While the charity boasts a strong independent board with 83% of members being independent, it has significant gaps in operational transparency, as evidenced by missing financial statements and key policies.
Among the strengths, the organization presents a favorable liabilities to assets ratio of 0.00% and a program expense ratio of 100.00%, suggesting that all funds are allocated towards its programs. However, the absence of essential documents such as financial statements and various organizational policies points to a lack of adherence to best practices in nonprofit governance, which could raise concerns among potential donors and stakeholders.
In summary, while Missionary Financial Services demonstrates strong financial management in certain areas, its lack of transparency and missing governance policies are notable drawbacks that could impact its overall effectiveness and trustworthiness. To enhance its standing, the organization should focus on addressing these deficiencies and improving its public accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Missionary Financial Services legitimate?
Missionary Financial Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Missionary Financial Services 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: $62,784
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,316
For more financial information, click here
What is the mission statement of Missionary Financial Services?
Missionary Financial Services is established with a charitable, educational, and religious purpose, falling under Section 501 (c) 3 of the Internal Revenue Code of 1986. The primary objective of the corporation is to offer oversight and management for cross-cultural missionary work. This is done in collaboration with various Christian churches and missionaries who adhere to the Bible's authority and interpretation as per the organization's beliefs statement. The corporation's role is to support these missionaries in their work, contributing to their success and the advancement of their religious and charitable endeavors.
Who is the CEO of Missionary Financial Services?
Kenneth R Johnson is the Employee of Missionary Financial Services.
What is the revenue of Missionary Financial Services?
Missionary Financial Services's revenue in 2022 was $456,481.
Who are the executives of Missionary Financial Services and what are their salaries?
The average compensation at Missionary Financial Services during 2022 was $75,700. There are 3 employees and 9 volunteers at Missionary Financial Services.
Here are 7 key members and their salaries:
- Compensation: $62,784
- Related: $1,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Missionary Financial Services?
Missionary Financial Services's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Missionary Financial Services
Missionary Financial Services, a nonprofit organization, is established with a mission that aligns with Section 501 (c) 3 of the Internal Revenue Code of 1986. The organization's primary purpose is to offer charitable, educational, and religious support. It serves as a platform for managing and overseeing resources dedicated to cross-cultural missionary work. This work is carried out in collaboration with various Christian churches and missionaries who adhere to the Bible's authority and interpretation in accordance with Missionary Financial Services' belief statement. The organization's role is to facilitate and guide these missionaries, contributing to their endeavors and the broader mission of spreading religious teachings across different cultures.
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Impact
July, 2024
Missionary Financial Services plays a vital role in supporting cross-cultural missionary work in various countries such as the Czech Republic, United Kingdom, Peru, and Guatemala. By providing oversight and management of financial support for missionaries dedicated to sharing the Gospel of Jesus Christ and ministering in local churches, Missionary Financial Services contributes to the spread of faith and positive impact on communities around the world. By enabling missionaries to focus on their important work without financial burdens, Missionary Financial Services helps facilitate the fulfillment of their mission and the promotion of their beliefs.
This information is meant to be a general summary of Missionary Financial Services. 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: $456,481
Assets and Liabilities:
- Total Assets: $217,806
- Total Liabilities: $0
- Net Assets: $217,806
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Organization Details
Founding Year
2009
Phone
(509) 868-3461Principal Officer
Kenneth R Johnson
Main Address
PO Box 8593, Spokane, WA, 992030593
NTEE Category
Code: X99 - Religion related
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