Overview
What is Global Missions Foundation Inc?
Global Missions Foundation Inc is a nonprofit organization situated in High Point, North Carolina. Their primary focus is on offering charitable support to Global Missions Inc, a non-profit church organization. In 2020, they provided a grant of $2,000 to further their mission, with no such contribution made in 2021 as per the given information. The foundation's purpose is to contribute financially to Global Missions Inc, assisting in their operations and upholding their ministry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Stars
Global Missions Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting an overall score that indicates moderate performance in accountability and finance. The rating is based solely on a single beacon score, which highlights the charity's transparency and financial health. Notably, the organization has achieved a perfect score of 10 in several governance metrics, including having a majority of independent board members and documenting board meeting minutes.
The charity demonstrates strong financial practices, evidenced by a program expense ratio of 76.27%, suggesting that a significant portion of its funds is directed toward mission-related activities. Additionally, the organization shows no material diversification of assets, which indicates a solid management of its resources. The liabilities to assets ratio stands at 0.00%, further emphasizing a healthy financial status.
While the rating reflects strengths in governance and financial management, the Two-Star score suggests there may be areas for improvement in overall operational performance or impact metrics that are not captured in this financial-only analysis. Stakeholders may want to consider these aspects when evaluating the foundation's effectiveness and reach.
This AI summary has been generated from information found on Charity Navigator.
Is Global Missions Foundation Inc legitimate?
Global Missions Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Missions Foundation 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
For more financial information, click here
What is the mission statement of Global Missions Foundation Inc?
Global Missions Foundation Inc's primary objective is to provide charitable funding. This mission is carried out by making contributions to Global Missions Inc, a non-profit organization recognized under section 501(c)(3). In 2020, they made a grant of $2,000 to support the church's ministry. However, no such contribution was made in 2021. The foundation's role is to meet the financial needs of Global Missions Inc, thereby contributing to their charitable works.
Who is the CEO of Global Missions Foundation Inc?
David G Heath is the List. of Global Missions Foundation Inc.
What is the revenue of Global Missions Foundation Inc?
Global Missions Foundation Inc's revenue in 2022 was $88,972.
Who are the executives of Global Missions Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Global Missions Foundation Inc?
Global Missions Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Global Missions Foundation Inc
Global Missions Foundation Inc, as outlined in the provided information, is dedicated to providing charitable funding to Global Missions, Inc. This mission involves making financial contributions to Global Missions, Inc., a non-profit organization classified as a Section 501(c)(3) church. The aim is to support the ministry of the church by meeting its needs, as evidenced by the grant of $2,000 made to Global Missions, Inc. in 2020. However, no such contribution was made in 2021. Global Missions Foundation Inc's role can be seen as a crucial source of financial aid, enabling Global Missions, Inc. to carry out its charitable activities and serve its intended community.
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Impact
October, 2024
Global Missions Foundation Inc significantly impacts global missions efforts by providing essential funding that supports the ministry of Global Missions, Inc., a recognized 501(c)(3) church. In 2020, the foundation facilitated a $2,000 grant, which played a crucial role in helping the church meet its mission-driven objectives. This financial assistance enables Global Missions, Inc. to address various needs and challenges faced by communities internationally, promoting spiritual growth and humanitarian aid. By focusing on charitable funding, the foundation helps sustain and amplify the outreach and effectiveness of international mission activities.
This information is meant to be a general summary of Global Missions Foundation 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: $88,972
- Gross Receipts: $88,972
Assets and Liabilities:
- Total Assets: $3,026,965
- Total Liabilities: $0
- Net Assets: $3,026,965
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Organization Details
Founding Year
2000
Phone
(336) 841-0607Principal Officer
David G Heath
Main Address
4427 HUNTER OAKS CT, HIGH POINT, NC, 27265
NTEE Category
Code: Q120 - International
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