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Third Millennium Ministries Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311598585 ✦ Casselberry, FL ✦ Designated as a 501(c)(3)

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Overview

What is Third Millennium Ministries Inc?

Third Millennium Ministries Inc is a nonprofit organization based in Casselberry, Florida. Their primary mission is to provide advanced Christian education to underprivileged nations using modern technology and teaching resources. They specialize in creating multimedia curriculum in five major languages: English, Chinese (Mandarin), Russian, Spanish, and Arabic. These resources are distributed free of charge and their distribution channels are continually expanded. Their ultimate goal is to equip church leaders in their own countries by offering a comprehensive seminary curriculum. With a workforce of 66 individuals, Third Millennium Ministries aims to empower and educate pastors worldwide who may lack sufficient training for their ministries.


Official website here: www.thirdmill.org

What are the reviews and ratings of this charity?

**Rating: 97% (Four-Star out of Four Star Rating on Charity Navigator)**

Third Millennium Ministries Inc. has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization's score reflects its strong performance in various financial metrics, with a significant focus on transparency, governance, and effective asset management. The nonprofit scored perfectly in most categories, showcasing a commitment to upholding standards that benefit supporters and beneficiaries alike.

One of the standout strengths of Third Millennium Ministries is its high percentage of independent board members, which suggests a robust governance structure that prioritizes unbiased decision-making. Additionally, the organization has demonstrated excellence in program expense ratio and fundraising efficiency, utilizing resources effectively to maximize impact. The absence of any material diversion of assets and well-established financial oversight policies further solidifies its reputation for accountability.

Currently, there are no user reviews available from GreatNonprofits, which limits the public's insight into community sentiment or experiential feedback related to the organization's work. However, the overall financial standing and ethical governance outlined by Charity Navigator provide a highly favorable view of Third Millennium Ministries Inc. as a trustworthy nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is Third Millennium Ministries Inc legitimate?

Third Millennium Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Third Millennium 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: $149,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.thirdmill.org

What is the mission statement of Third Millennium Ministries Inc?

Third Millennium Ministries Inc's mission is centered around providing Christian education to numerous pastors globally who lack adequate training for ministry. To accomplish this, the organization creates a multimedia seminary curriculum in five major languages: English, Chinese (Mandarin), Russian, Spanish, and Arabic. They strive to follow the example of Paul and the reformers by utilizing modern technology and teaching devices to deliver advanced Christian education to underprivileged nations. The curriculum is distributed free of charge, and Third Millennium Ministries continually seeks and pursues additional distribution avenues. The organization prioritizes producing theologically astute and culturally sensitive translations, with native speakers in each of the five target languages ensuring accuracy.


Official website here: www.thirdmill.org

Who is the CEO of Third Millennium Ministries Inc?

Dr Richard Pratt is the Board Member of Third Millennium Ministries Inc.


Official website here: www.thirdmill.org

What is the revenue of Third Millennium Ministries Inc?

Third Millennium Ministries Inc's revenue in 2022 was $7,349,091.


Official website here: www.thirdmill.org

Who are the executives of Third Millennium Ministries Inc and what are their salaries?

The average compensation at Third Millennium Ministries Inc during 2022 was $2,273. There are 66 employees and 22 volunteers at Third Millennium Ministries Inc.


Here are 13 key members and their salaries:


William M Mounger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Edward Norton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janie P Pillow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Stallard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard L Pratt Jr (President)
  • Compensation: $150,000
  • Related: $0
  • Other: $0
Peder Johnson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Hill (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Fair (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James David Pillow (Vp Of Global Distribution)
  • Compensation: $112,837
  • Related: $0
  • Other: $0
Eric Linares (Executive Director)
  • Compensation: $132,547
  • Related: $0
  • Other: $0
Andrew Lamb (Vp Of Global Opprotunities)
  • Compensation: $107,016
  • Related: $0
  • Other: $0
Raymond Mclaughlin (Vp Of Finance And Operations, Delivery Systems)
  • Compensation: $101,049
  • Related: $0
  • Other: $0
Rev Dr Gary Waldecker (Training And Partnership Consultant)
  • Compensation: $100,082
  • Related: $0
  • Other: $0


Official website here: www.thirdmill.org

Where can I find the form 990 for Third Millennium Ministries Inc?

Third Millennium Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thirdmill.org

Learn more at the official website: www.thirdmill.org

Mission Statement of Third Millennium Ministries Inc

Third Millennium Ministries, a nonprofit organization, is committed to equipping church leaders globally who may lack sufficient training for ministry. Their mission is to create a multimedia seminary curriculum in five major languages - English, Chinese (Mandarin), Russian, Spanish, and Arabic. This curriculum is designed to follow in the footsteps of figures like Paul and the reformers, utilizing modern technology and teaching devices to bring advanced Christian education to underprivileged nations.

Third Millennium Ministries strives to produce theologically astute and culturally sensitive translations. To achieve this, they rely on native speakers in each of their five target languages: English, Spanish, Russian, Chinese (Mandarin), and Arabic. These translators play a crucial role in ensuring that the curriculum is not only accurate but also resonates with the cultural contexts of the intended audience.

The organization distributes this multimedia curriculum free of charge, continuously seeking and pursuing new distribution avenues to reach as many individuals as possible. Their ultimate goal is to provide church leaders with the necessary tools to effectively serve their communities and spread the teachings of Christianity.

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Impact




October, 2024

Third Millennium Ministries Inc. significantly impacts the Christian education landscape by providing essential training resources to pastors in underprivileged nations. By following the example of historical figures like Paul and the Reformers, the organization leverages modern technology and multimedia tools to disseminate advanced theological education widely. This approach addresses the critical need for proper training among church leaders who may lack access to formal theological education.

The curriculum created by Third Millennium Ministries is remarkable not only for its depth and quality but also for its accessibility—it is distributed free of charge. This commitment to free education ensures that financial constraints do not hinder the development of effective church leaders. The organization targets five major languages—English, Spanish, Russian, Chinese (Mandarin), and Arabic—making it possible for a diverse group of pastors to benefit from their resources.

Through culturally sensitive translations by native speakers, Third Millennium Ministries strives to ensure that the teachings resonate with local contexts, enhancing the relevance and applicability of the education provided. This comprehensive approach not only enriches the knowledge of church leaders but also strengthens the theological foundations of communities worldwide, ultimately fostering a more informed and capable Christian ministry in various cultural settings.




This information is meant to be a general summary of Third Millennium 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.

Revenue
$7,349,091 (2022)
Expenses
$5,615,717 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $285,010
  • Gross Receipts: $7,349,091

Assets and Liabilities:

  • Total Assets: $8,248,500
  • Total Liabilities: $453,951
  • Net Assets: $7,794,549

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Organization Details

Founding Year

1997

Principal Officer

Dr Richard Pratt

Main Address

316 LIVE OAKS BLVD, CASSELBERRY, FL, 32707

NTEE Category

Code: X99Z - Religion related

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