Overview
What is True Purpose Ministries?
True Purpose Ministries is a nonprofit organization situated in Maryville, Tennessee. Its mission is to offer a supportive environment for men seeking recovery from drug and alcohol addiction, as well as for those who are interested in learning more about the Bible and joining their ministry. They provide essential services such as housing, job training, food, clothing, and transportation. Furthermore, they offer Bible discipleship training to help individuals on their spiritual journey. With a team of 38 dedicated individuals, True Purpose Ministries aims to support men in their recovery and spiritual growth.
Official website here: www.truepurposeministries.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37%
True Purpose Ministries has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The low score is primarily due to a complete lack of independent board members and missing essential policies, which raises questions about governance and oversight within the organization.
The ministry appears to perform well in certain financial aspects, such as its program expense ratio, which is at 85.26%. This suggests that a large portion of its expenditures is directed towards its programs rather than administrative costs. However, the absence of key governance documents, such as financial statements and conflict of interest policies, severely impacts the organization's overall rating.
Moreover, the organization's liabilities are notably high, with a liabilities-to-assets ratio of 84.40%. This situation may indicate financial instability and potential risk, highlighting the need for improved financial management and structural accountability to ensure the sustainability of its mission.
This AI summary has been generated from information found on Charity Navigator.
Is True Purpose Ministries legitimate?
True Purpose Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. True Purpose Ministries 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: $591,449
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.truepurposeministries.com
What is the mission statement of True Purpose Ministries?
True Purpose Ministries is dedicated to offering housing, job training, essentials such as food, clothing, and transportation, as well as Bible discipleship training to two distinct groups. The first group consists of men who are recovering from drug and alcohol addiction. The second group includes men who are interested in learning more about the Bible and wish to join their ministry. The organization's mission is to support these individuals in their recovery and spiritual growth, providing them with the tools and resources necessary to lead fulfilling lives.
Official website here: www.truepurposeministries.com
Who is the CEO of True Purpose Ministries?
Jeremy Graham is the Executive Director of True Purpose Ministries.
Official website here: www.truepurposeministries.com
What is the revenue of True Purpose Ministries?
True Purpose Ministries's revenue in 2022 was $1,573,758.
Official website here: www.truepurposeministries.com
Who are the executives of True Purpose Ministries and what are their salaries?
The average compensation at True Purpose Ministries during 2022 was $15,564. There are 38 employees at True Purpose Ministries.
Here are 6 key members and their salaries:
- Compensation: $44,617
- Related: $0
- Other: $0
- Compensation: $30,135
- Related: $0
- Other: $0
- Compensation: $24,950
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.truepurposeministries.com
Where can I find the form 990 for True Purpose Ministries?
True Purpose Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.truepurposeministries.com
Learn more at the official website: www.truepurposeministries.com
Mission Statement of True Purpose Ministries
True Purpose Ministries is dedicated to offering a comprehensive range of support to men seeking recovery from drug and alcohol addiction, as well as to those who are interested in deepening their understanding of the Bible. This nonprofit organization provides essential services such as housing, job training, food, clothing, and transportation. Furthermore, it offers Bible discipleship training, enabling men to gain a deeper spiritual understanding while they work towards recovery. True Purpose Ministries also welcomes men who are merely curious about the Bible and wish to enroll in their ministry. The organization's mission is to holistically support these individuals, providing them with the tools and resources needed to overcome their challenges and grow spiritually.
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Impact
October, 2024
True Purpose Ministries significantly transforms the lives of men recovering from drug and alcohol addiction, as well as those eager to deepen their understanding of the Bible. By providing essential services such as housing, job training, food, clothing, and transportation, the organization addresses the critical needs of individuals facing challenges in their lives.
Through its comprehensive Bible discipleship training, participants not only gain practical skills but also engage in spiritual growth, fostering a sense of community and purpose. This holistic approach not only supports recovery but also empowers men to reintegrate into society with confidence and resilience. Located in Maryville, TN, True Purpose Ministries plays a vital role in uplifting individuals and promoting lasting change within the community.
This information is meant to be a general summary of True Purpose Ministries. 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: $1,377,768
- Gross Receipts: $1,596,943
Assets and Liabilities:
- Total Assets: $1,918,571
- Total Liabilities: $1,926,441
- Net Assets: -$7,870
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$1,377,768
Organization Details
Founding Year
2009
Principal Officer
Jeremy Graham
Main Address
2628 MORGANTON ROAD, MARYVILLE, TN, 37801
NTEE Category
Code: L40 - Housing
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