Overview
What is The Sioux Falls Ministry Center?
The Sioux Falls Ministry Center is a Christian-oriented nonprofit organization situated at 1915 E 8th Street 103, Sioux Falls, SD 57103. Its primary function is to offer a shared facility for various outreach ministries, fostering operational cost-savings, and promoting mutually beneficial services. By leasing space to these ministries, the center aims to encourage and empower each other in their outreach efforts. With a modest workforce of 4 individuals, the Sioux Falls Ministry Center serves as a hub for Christian outreach activities in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars
The Sioux Falls Ministry Center has received a Two-Star rating from Charity Navigator, indicating that the organization needs improvement in certain areas. With an overall score of 65%, it demonstrates strengths in having a fully independent board and an excellent program expense ratio of 100%, suggesting that all funds are allocated directly to programs.
However, the organization faces significant challenges regarding transparency and accountability. Critical documents, such as financial statements, tax forms, and certain policies, are missing, which affects its overall rating. The absence of these elements raises concerns about how the organization is managed and how it communicates its financial health to the public.
While the ministry center has demonstrated a commitment to its mission through effective program spending, it is essential for the organization to address these transparency issues to enhance its credibility and trust with donors and the community. Improvements in documentation and policy adherence will be vital for future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is The Sioux Falls Ministry Center legitimate?
The Sioux Falls Ministry Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sioux Falls Ministry Center 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: $90,705
For more financial information, click here
What is the mission statement of The Sioux Falls Ministry Center?
The Sioux Falls Ministry Center, serving as a Christian organization, is dedicated to providing a facility for outreach ministries. The primary goal of this facility is to offer operational cost savings, collaborate in offering mutually beneficial services to guests, and encourage and empower each other as outreach ministries. By leasing space in the facility, this center aims to support various Christian outreach initiatives, fostering a sense of unity and collective growth among the involved ministries.
Who is the CEO of The Sioux Falls Ministry Center?
Richard Merkouris is the President of The Sioux Falls Ministry Center.
What is the revenue of The Sioux Falls Ministry Center?
The Sioux Falls Ministry Center's revenue in 2022 was $1,501,477.
Who are the executives of The Sioux Falls Ministry Center and what are their salaries?
The average compensation at The Sioux Falls Ministry Center during 2022 was $22,676. There are 4 employees and 45 volunteers at The Sioux Falls Ministry Center.
Here are 4 key members and their salaries:
- 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 The Sioux Falls Ministry Center?
The Sioux Falls Ministry Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Sioux Falls Ministry Center
The Sioux Falls Ministry Center, as a Christian organization, serves as a facilitator for various outreach ministries. Its primary mission is to provide a shared facility, fostering operational cost-savings and offering mutually beneficial services to its guests. By doing so, the center aims to encourage and empower these ministries, working together as they extend their reach to the community. The Sioux Falls Ministry Center's purpose is to create a supportive environment for these outreach ministries, enabling them to collaborate and thrive in their shared mission to serve and uplift individuals.
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Impact
October, 2024
The Sioux Falls Ministry Center significantly enhances the local community by creating a collaborative environment for outreach ministries. By offering a shared facility, it provides essential operational cost savings, allowing these ministries to allocate more resources toward their missions. The center facilitates the delivery of mutually complementary services, fostering partnerships among various organizations that aim to serve those in need. Furthermore, it empowers outreach efforts through encouragement and support, which strengthens the overall impact of these ministries in Sioux Falls. This synergy not only increases efficiency but also enhances the outreach efforts, ultimately benefiting individuals and families within the community who rely on these vital services.
This information is meant to be a general summary of The Sioux Falls Ministry Center. 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.
- Investment Income: $12,180
- Program Service Revenue: $818,701
- Gross Receipts: $1,501,477
Assets and Liabilities:
- Total Assets: $9,291,090
- Total Liabilities: $5,441,907
- Net Assets: $3,849,183
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Renewal Revene
Revenue
$131,187
Rental Income
Revenue
$687,514
Organization Details
Founding Year
2009
Phone
(605) 261-2587Principal Officer
Richard Merkouris
Main Address
1915 E 8th Street 103, Sioux Falls, SD, 57103
NTEE Category
Code: P20 - Human services
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