Overview
What is Theoswill Nonprofit Religious Corp?
Theoswill Nonprofit Religious Corp is a small-scale organization, situated in Douglas, Arizona, with a single employee. The primary focus of this nonprofit is to support various missions, primarily Foursquare Missions International's India Project, through the rental income generated from a school building it has constructed. This school is utilized for both Christian and general education purposes by a religious organization. Apart from supporting foreign missions, Theoswill also contributes to the development of a new church.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Theoswill Nonprofit Religious Corp has received a rating of 73%, reflecting a moderate level of accountability and financial health. The organization demonstrates strengths in areas such as having a fully independent board and maintaining a strong program expense ratio, indicating effective use of funds towards its mission. However, the nonprofit has notable weaknesses, particularly in governance policies and transparency.
Specifically, Theoswill lacks critical governance documents, including a conflict of interest policy, whistleblower policy, and document retention policy, which are essential for promoting ethical practices and accountability. Additionally, the absence of the organization's website listed on their tax form and failure to post the tax form on their site further diminishes transparency. These areas of concern contribute to the overall Two-Star rating.
While the financials appear solid with a low liabilities to assets ratio, the lack of necessary policies and transparency measures highlights a need for improvement in governance practices. Addressing these weaknesses could enhance the organization's credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Theoswill Nonprofit Religious Corp legitimate?
Theoswill Nonprofit Religious Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theoswill Nonprofit Religious Corp 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Theoswill Nonprofit Religious Corp?
Theoswill Nonprofit Religious Corp primarily exists to support various missions, with a focus on Foursquare Missions International and other related organizations. This support is primarily funded through the organization's activities, specifically by donating at least 85% of the net income generated from renting a school building. This school is utilized for both Christian and general educational purposes by a different organization. Additionally, a portion of the funds are allocated towards a new church development.
Who is the CEO of Theoswill Nonprofit Religious Corp?
Ruth S Daily is the Director of Theoswill Nonprofit Religious Corp.
What is the revenue of Theoswill Nonprofit Religious Corp?
Theoswill Nonprofit Religious Corp's revenue in 2022 was $105,500.
Who are the executives of Theoswill Nonprofit Religious Corp and what are their salaries?
The average compensation at Theoswill Nonprofit Religious Corp during 2022 was $12,000. There is 1 employee at Theoswill Nonprofit Religious Corp.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Theoswill Nonprofit Religious Corp?
Theoswill Nonprofit Religious Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Theoswill Nonprofit Religious Corp
Theoswill Nonprofit Religious Corp, an organization dedicated to religious and charitable causes, has constructed a school building that serves as a venue for Christian education. The primary objective of this nonprofit entity is to utilize at least 85% of its net rental income to support various missions, with a significant portion going towards Foursquare Missions International's India Project and other international initiatives. Furthermore, Theoswill Nonprofit Religious Corp also provides monetary assistance for the development of new churches. In this manner, the organization continues to contribute to religious and charitable causes, utilizing its resources to support global missions and promote the growth of Christian communities.
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Impact
October, 2024
Theoswill Nonprofit Religious Corp has made a significant impact by establishing a school building that serves both educational and community-focused purposes. This facility not only provides a space for Christian and general education but also generates net rental income that is largely redirected—at least 85%—to support Foursquare Missions International and various missions, primarily benefiting the India Project and other foreign initiatives.
In addition to contributing to international missions, the organization’s efforts facilitate the development of new church initiatives, supporting the growth of faith-based communities. By bridging educational opportunities with philanthropic endeavors, Theoswill Nonprofit Religious Corp fosters a cycle of community support and spiritual growth, enhancing both local and global outreach. Located in Douglas, AZ, the organization exemplifies a commitment to service that extends far beyond its immediate surroundings, making a noteworthy difference in various communities through education and mission support.
This information is meant to be a general summary of Theoswill Nonprofit Religious Corp. 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.
- Program Service Revenue: $105,500
- Gross Receipts: $105,500
Assets and Liabilities:
- Total Assets: $1,032,194
- Total Liabilities: $790,868
- Net Assets: $241,326
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
School Rental
Revenue
$105,500
Organization Details
Founding Year
2009
Principal Officer
Ruth S Daily
Main Address
3470 N Placita Herradura, Douglas, AZ, 85607
NTEE Category
Code: X192 - Religion related
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