Overview
What is Masterkey Ministries Of Grayson County?
Masterkey Ministries of Grayson County is a nonprofit organization situated in Sherman, Texas. Their primary focus is on empowering adults by providing necessary skills to enhance their lives. This includes offering English as a Second Language (ESL) classes to improve communication skills and a course titled "Getting Ahead" to help individuals build their own resources. The organization's mission is to strengthen families by addressing various obstacles, such as physical, educational, and spiritual challenges. They achieve this through after-school programs, adult education, food assistance, and summer programs. The nonprofit employs a team of 24 individuals.
Official website here: www.masterkeyministries.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Masterkey Ministries Of Grayson County holds a Two-Star out of Four Star rating from Charity Navigator with an overall score of 74%. The organization demonstrates strong governance, as evidenced by its perfect scores in areas such as having a majority of independent board members and well-documented board meeting minutes. However, it also faces significant challenges in financial transparency, with low ratings in financial statements and working capital ratio, indicating potential issues in financial management.
User feedback from Great Nonprofits highlights a positive perspective on the organization, particularly from board members who commend its community outreach and commitment to education, nutrition, and spiritual growth. A board member noted the substantial growth of the organization and the dedication of its volunteers, emphasizing the relational aspect of their work. This positive feedback contrasts with the financial concerns identified in the Charity Navigator assessment.
Overall, while Masterkey Ministries Of Grayson County is praised for its community impact and volunteer commitment, the financial weaknesses and need for transparency pose challenges for its sustainability and credibility. Continued focus on improving financial reporting and management would strengthen its standing and ability to serve the community effectively.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Masterkey Ministries Of Grayson County legitimate?
Masterkey Ministries Of Grayson County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masterkey Ministries Of Grayson County 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: $283,861
For more financial information, click here
Official website here: www.masterkeyministries.org
What is the mission statement of Masterkey Ministries Of Grayson County?
Masterkey Ministries of Grayson County aims to strengthen families by helping them overcome various challenges, including physical, educational, and spiritual obstacles. They accomplish this through a range of programs such as after-school initiatives, adult education courses, food assistance, and summer programs. The adult education programs are specifically designed to equip individuals with necessary skills to enhance their lives. English as a Second Language (ESL) classes are offered to improve speaking skills, while the "Getting Ahead" course is designed to teach adults how to build their own resources.
Official website here: www.masterkeyministries.org
Who is the CEO of Masterkey Ministries Of Grayson County?
Julie Rickey is the Director of Masterkey Ministries Of Grayson County.
Official website here: www.masterkeyministries.org
What is the revenue of Masterkey Ministries Of Grayson County?
Masterkey Ministries Of Grayson County's revenue in 2022 was $2,224,893.
Official website here: www.masterkeyministries.org
Who are the executives of Masterkey Ministries Of Grayson County and what are their salaries?
The average compensation at Masterkey Ministries Of Grayson County during 2022 was $11,828. There are 24 employees at Masterkey Ministries Of Grayson County.
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Official website here: www.masterkeyministries.org
Where can I find the form 990 for Masterkey Ministries Of Grayson County?
Masterkey Ministries Of Grayson County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.masterkeyministries.org
Learn more at the official website: www.masterkeyministries.org
Mission Statement of Masterkey Ministries Of Grayson County
Masterkey Ministries Of Grayson County is committed to strengthening families by helping them overcome various challenges that hinder their success. This nonprofit organization achieves this mission through a range of programs, including after-school programs, adult education, food assistance, and summer programs.
The after-school programs are designed to provide a supportive environment for children, helping them navigate through their education and personal growth. Masterkey Ministries also offers adult education programs, specifically focusing on English as a Second Language (ESL) classes and a course titled "Getting Ahead." The ESL classes aim to enhance the English speaking skills of individuals, while "Getting Ahead" empowers adults to learn how to build their own resources, thereby improving their lives.
In essence, Masterkey Ministries Of Grayson County seeks to address physical, educational, and spiritual obstacles that families face, enabling them to succeed. Their programs are tailored to meet the unique needs of each family member, providing them with the necessary skills and resources to overcome their challenges and thrive.
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Impact
October, 2024
Masterkey Ministries of Grayson County has a profound impact on the community by empowering families to overcome various challenges. Through its after-school programs, it provides children and youth with a safe and supportive environment that fosters academic growth and personal development. Adult education programs offer essential skills, including English as a Second Language (ESL) classes, equipping individuals with the tools they need to improve their lives and integrate more fully into society.
Additionally, the "Getting Ahead" course helps adults build their own resources, promoting self-sufficiency and resilience. By addressing physical, educational, and spiritual obstacles, Masterkey Ministries facilitates a holistic approach to family strengthening. Food assistance programs combat hunger, ensuring that families have access to nutritious meals, further supporting their overall well-being. Through these initiatives, Masterkey Ministries plays a crucial role in enhancing the quality of life for individuals and families in Sherman, Texas, ultimately fostering a stronger, more unified community.
This information is meant to be a general summary of Masterkey Ministries Of Grayson County. 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: $35
- Program Service Revenue: $58,754
- Gross Receipts: $2,224,893
Assets and Liabilities:
- Total Assets: $781,715
- Total Liabilities: $272,803
- Net Assets: $508,912
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$58,754
Organization Details
Founding Year
2008
Phone
(903) 870-6014Principal Officer
Julie Rickey
Main Address
209 S FM 1417, SHERMAN, TX, 75091
Website
www.masterkeyministries.orgNTEE Category
Code: P24 - Human services
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