Overview
What is The Cross Of Life Inc?
The Cross of Life Inc, a 501(C)3 organization, is based in Seward, Nebraska. This nonprofit is run primarily by volunteers and specializes in creating small palm-sized crosses. The main objective of this organization is to sell or donate these crosses to individuals in recovery, with any remaining proceeds after covering operational costs being donated to other eligible 501(C)3 organizations. By engaging in this charitable activity, The Cross of Life Inc contributes to the larger mission of supporting various other nonprofit organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 60%)
The Cross Of Life Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in various accountability and financial practices. With an overall score of 60%, the organization demonstrates strong program expense efficiency, with an impressive program expense ratio of 92.23%. However, the lack of independent board members and deficiencies in transparency, such as the absence of a website listed on the tax form, raise concerns about governance and oversight.
The evaluation highlights that the organization has no independent members on its board, which may limit its accountability. While it does have a conflict of interest policy in place, the missing whistleblower and document retention policies contribute to a lower score in governance. Additionally, the failure to post necessary documents, like tax forms, on its website further detracts from its overall rating.
On a positive note, The Cross Of Life Inc has demonstrated effective asset management with a liabilities to assets ratio of 0.00%, indicating no financial liabilities. The absence of material diversion of assets also reflects sound financial practices. Overall, while the organization shows significant strengths in program expenses and asset management, improvements in governance and transparency are necessary for it to enhance its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Cross Of Life Inc legitimate?
The Cross Of Life Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cross Of Life 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Cross Of Life Inc?
The Cross of Life Inc, a 501(c)3 organization, is driven by a mission to raise funds through the production and sale of small palm-sized crosses. The primary objective is to donate any excess revenues, after covering operational expenses, to other qualifying 501(c)3 organizations. The organization's purpose is to sell these religious symbols to the general public, with the ultimate goal of contributing to the charitable causes supported by these other organizations.
Who is the CEO of The Cross Of Life Inc?
Tom Jorgensen is the Vice Preside of The Cross Of Life Inc.
What is the revenue of The Cross Of Life Inc?
The Cross Of Life Inc's revenue in 2022 was $76,359.
Who are the executives of The Cross Of Life Inc and what are their salaries?
There 25 volunteers at The Cross Of Life Inc.
Here are 3 key members and their salaries:
- 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 Cross Of Life Inc?
The Cross Of Life Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Cross Of Life Inc
The Cross of Life Inc, a 501(c)3 organization, is on a mission to generate funds through the production and sale of palm-sized crosses. Their primary goal is to surpass the expenses associated with this venture and subsequently donate the excess revenues to other eligible 501(c)3 organizations. By selling these small crosses to the public, The Cross of Life Inc aims to contribute to the causes supported by these non-profit organizations, thereby extending its philanthropic reach beyond its own operations.
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Impact
August, 2024
The Cross Of Life Inc's impact lies in its mission to raise proceeds through the production and sale of palm-sized crosses, with the intention of donating the excess proceeds to other 501(c)3 organizations. By creating and selling these crosses, the organization is able to contribute to the support of various charitable causes and initiatives.
This information is meant to be a general summary of The Cross Of Life 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.
- Investment Income: $589
- Program Service Revenue: $48,381
- Gross Receipts: $111,848
Assets and Liabilities:
- Total Assets: $279,862
- Total Liabilities: $0
- Net Assets: $279,862
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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
$48,381
Organization Details
Principal Officer
Tom Jorgensen
Main Address
PO BOX 74, SEWARD, NE, 68434
NTEE Category
Code: X21 - Religion related
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