Overview
What is World Covenant Ministries Inc?
World Covenant Ministries Inc, situated in Haltom City, Texas, is a nonprofit organization dedicated to serving the community. Established in 2011, they operate the Joseph Storehouse (TJS), a hunger relief center that aids economically disadvantaged families in Tarrant County. The center provides groceries and household items for suggested contributions and offers free bread. In 2022, over 18,000 individuals were assisted through this center. Moreover, the ministry engages in various community events, such as Family Fun Day, offering 750 free meals, and Back to School Bash, providing supplies and Bibles to 180 children. During the holiday season, they distribute toys as gifts to 450 children and turkeys for Christmas dinners. Beyond providing material assistance, World Covenant Ministries is committed to spreading the message of Jesus Christ through disaster relief, spiritual encouragement, and preaching and teaching the Gospel. (118 words)
Official website here: www.worldcovenantministries.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
World Covenant Ministries Inc has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. While the organization has some strengths, such as a high program expense ratio of 93.16%, this suggests a strong commitment to its mission. However, the overall financial transparency is lacking, with no financial statements available for review, which impacts their accountability score.
The board structure shows a positive aspect with a majority of independent members; however, the total number of independent board members is low, receiving no points in that area. Additionally, the absence of critical governance policies, such as conflict of interest and whistleblower policies, raises concerns about the organization’s operational integrity. These elements combined contribute to their lower score and indicate a need for improvement in governance and financial oversight.
Finally, the organization faces challenges related to its financial health, as indicated by a liabilities-to-assets ratio of 76.61%, suggesting potential financial instability. Their fundraising efficiency score is notably poor, with reported fundraising revenues of $0.00, which may hinder their ability to sustain operations and programs in the long term. Overall, while World Covenant Ministries Inc shows commitment to programmatic spending, significant gaps in governance and financial practices warrant caution for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is World Covenant Ministries Inc legitimate?
World Covenant Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Covenant Ministries Inc 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: $247,681
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,450
For more financial information, click here
Official website here: www.worldcovenantministries.org/
What is the mission statement of World Covenant Ministries Inc?
World Covenant Ministries is dedicated to spreading the message of Jesus Christ by providing comprehensive aid. This encompasses disaster relief efforts, assistance to economically disadvantaged individuals, and spiritual encouragement through the preaching and teaching of the Gospel. The ministry operates a hunger relief center, Joseph Storehouse, which offers groceries and household items to families in need for suggested contributions, and provides free bread. In 2022, over 18,000 individuals were assisted through this center. The ministry also hosts events such as Family Fun Day, offering 750 free meals, and Back to School Bash, providing supplies and Bibles to 180 children. Additionally, they distribute 1800 toys as Christmas gifts for 450 children and offer 174 turkeys for Christmas dinners.
Official website here: www.worldcovenantministries.org/
Who is the CEO of World Covenant Ministries Inc?
Tom Westberry is the President of World Covenant Ministries Inc.
Official website here: www.worldcovenantministries.org/
What is the revenue of World Covenant Ministries Inc?
World Covenant Ministries Inc's revenue in 2022 was $2,931,553.
Official website here: www.worldcovenantministries.org/
Who are the executives of World Covenant Ministries Inc and what are their salaries?
The average compensation at World Covenant Ministries Inc during 2022 was $15,930. There are 41 employees and 837 volunteers at World Covenant Ministries Inc.
Here are 7 key members and their salaries:
- Compensation: $180,000
- Related: $0
- Other: $0
- Compensation: $90,000
- Related: $0
- Other: $0
- Compensation: $13,000
- 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
Official website here: www.worldcovenantministries.org/
Where can I find the form 990 for World Covenant Ministries Inc?
World Covenant Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.worldcovenantministries.org/
Learn more at the official website: www.worldcovenantministries.org/
Mission Statement of World Covenant Ministries Inc
World Covenant Ministries, a nonprofit organization, is dedicated to spreading the message of Jesus Christ by offering hands-on and practical ministry services. Its mission encompasses three primary aspects: disaster relief, aiding economically disadvantaged individuals, and providing spiritual encouragement through the preaching and teaching of the Gospel. The ministry executes this mission by offering assistance in times of crisis and offering support to those in need, both materially and spiritually.
In concrete terms, World Covenant Ministries operates the Joseph Storehouse (TJS), a hunger relief center that caters to economically disadvantaged families in Tarrant County. This center provides groceries and household items for suggested contributions, as well as free bread. The ministry's efforts in this regard have significantly impacted the community, with over 18,000 individuals benefiting from the hunger relief center in 2022 alone.
Beyond its hunger relief initiatives, World Covenant Ministries hosts events such as Family Fun Day and Back to School Bash, where they distribute free meals, school supplies, and Bibles to children. During the Christmas season, the organization gifts toys to 450 children and provides turkeys for 174 families' Christmas dinners. These events not only address the immediate needs of the community but also contribute to the overall well-being and spiritual growth of its members.
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Impact
October, 2024
World Covenant Ministries Inc has made a significant impact in the Tarrant County area through its comprehensive approach to community service. By opening the Joseph Storehouse (TJS) in October 2011, the organization has effectively addressed hunger issues, providing groceries and household items to economically disadvantaged families. In 2022 alone, over 18,000 individuals received assistance through this hunger relief center.
The ministry hosts events such as Family Fun Day and Back to School Bash, showcasing its commitment to community engagement. At these events, they provided 750 free meals and distributed school supplies and Bibles to 180 children. Additionally, during the holiday season, the organization brightened the lives of 450 children by giving away 1,800 toys and ensured that families had a festive meal by providing 174 turkeys for Christmas dinner.
Beyond immediate relief efforts, World Covenant Ministries promotes spiritual encouragement through teaching and preaching the Gospel of Jesus Christ. By addressing both physical and spiritual needs, the organization significantly enhances the well-being of individuals and families in the community.
This information is meant to be a general summary of World Covenant Ministries Inc. 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: $3,766,193
Assets and Liabilities:
- Total Assets: $2,176,060
- Total Liabilities: $1,667,246
- Net Assets: $508,814
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Organization Details
Founding Year
2011
Phone
(817) 281-7050Principal Officer
Tom Westberry
Main Address
4605 Denton Hwy, Haltom City, TX, 76117
NTEE Category
Code: X21 - Religion related
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