Overview
What is Hope Of Glory Ministries Inc?
Hope of Glory Ministries Inc is a nonprofit organization situated in Greenville, North Carolina. The organization's primary mission is to share the gospel of Jesus Christ, alleviate burdens, and empower families towards sustainable change. They achieve this by providing essential services. One of their key initiatives is a community outlet, a thrift store, that receives donations from over 1,500 community supporters. This thrift store offers more affordable clothing, household, and furniture options for families, creating job opportunities and occasional workforce development opportunities annually. Volunteers work alongside the thrift store staff to ensure a wide range of quality clothing options and excellent customer service. Furthermore, Hope of Glory Ministries aims to cultivate financial stability in families by easing food cost burdens and enabling them to transition towards self-sufficient living without relying on long-term government or charity assistance. The organization is staffed by 23 employees.
Official website here: www.hope-of-glory.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Hope Of Glory Ministries Inc has received a two-star rating from Charity Navigator, indicating that the organization shows significant room for improvement, with an overall score of 69%. While the ministry demonstrates a strong program expense ratio of 84.88%, suggesting a commitment to utilizing funds for its mission, it lacks transparency in key accountability areas, notably financial statement availability.
The organization has an independent board with 71% of its members being independent, which is a positive aspect, and no material diversion of assets has been reported. However, there are several missing policies, including a conflict of interest policy, a whistleblower policy, and document retention protocols, which raises concerns about governance practices.
Overall, while Hope Of Glory Ministries Inc effectively allocates a majority of its resources to program expenses, the absence of critical financial documentation and policies limits its accountability and transparency. This situation underscores the need for improvement in governance practices to enhance donor trust and organizational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Of Glory Ministries Inc legitimate?
Hope Of Glory Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Of Glory 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $329,563
For more financial information, click here
Official website here: www.hope-of-glory.org
What is the mission statement of Hope Of Glory Ministries Inc?
Hope of Glory Ministries Inc is dedicated to spreading the message of Jesus Christ, alleviating hardships, and empowering families to achieve lasting transformation. Their mission involves sharing the gospel and offering assistance to families, aiming to help them achieve financial stability. This is achieved by relieving food cost burdens and encouraging self-sufficiency, reducing the need for long-term government or charity aid. The ministry operates a thrift-store-like outlet, receiving donations from over 1,500 community supporters. This store provides more affordable clothing, household, and furniture options for families, creating 12-15 jobs annually and offering occasional workforce development opportunities. The thrift store is staffed by volunteers, ensuring high-quality clothing options and excellent customer service.
Official website here: www.hope-of-glory.org
Who is the CEO of Hope Of Glory Ministries Inc?
Kevin Clark Stallings is the President of Hope Of Glory Ministries Inc.
Official website here: www.hope-of-glory.org
What is the revenue of Hope Of Glory Ministries Inc?
Hope Of Glory Ministries Inc's revenue in 2022 was $900,260.
Official website here: www.hope-of-glory.org
Who are the executives of Hope Of Glory Ministries Inc and what are their salaries?
The average compensation at Hope Of Glory Ministries Inc during 2022 was $14,329. There are 23 employees and 112 volunteers at Hope Of Glory Ministries Inc.
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Official website here: www.hope-of-glory.org
Where can I find the form 990 for Hope Of Glory Ministries Inc?
Hope Of Glory Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hope-of-glory.org
Learn more at the official website: www.hope-of-glory.org
Mission Statement of Hope Of Glory Ministries Inc
Hope of Glory Ministries Inc is dedicated to spreading the message of Jesus Christ, alleviating hardships, and empowering families to foster lasting change. At the heart of their mission, Hope of Glory Ministries aims to ease financial burdens within families and guide them towards self-sufficiency, minimizing the reliance on long-term government or charitable aid.
As part of their commitment, Hope of Glory Ministries operates a community outlet, resembling a thrift store, which receives donations from over 1,500 supporters. This thrift store offers more affordable clothing, household, and furniture options to the community and Hope of Glory Ministries' co-op families, thereby providing an essential resource for their homes. The thrift store also provides employment opportunities, creating 12-15 jobs annually and offering occasional workforce development opportunities. Volunteers work alongside the thrift store staff to ensure a wide selection of quality clothing and exceptional customer service.
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Impact
October, 2024
Hope Of Glory Ministries Inc has made a significant impact on the Greenville, NC community by fostering financial stability and promoting self-sufficient living among families in need. The organization operates a thrift store that not only provides affordable clothing, household items, and furniture to local families but also creates job opportunities. With 12-15 jobs available each year and occasional workforce development initiatives, Hope Of Glory empowers individuals to gain skills and confidence in the employment sector.
Additionally, the ministry's commitment to sharing the Gospel of Jesus Christ plays a vital role in enhancing spiritual and emotional support within the community. By alleviating food cost burdens, they help families focus on long-term solutions for self-sufficiency, aiming for a lasting change that reduces dependence on government assistance or charity. Engaging over 1,500 community supporters for donations, the ministry fosters a spirit of collaboration and collective responsibility, ultimately creating a more resilient community.
This information is meant to be a general summary of Hope Of Glory 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.
- Investment Income: $58
- Program Service Revenue: $494,910
- Gross Receipts: $906,891
Assets and Liabilities:
- Total Assets: $834,522
- Total Liabilities: $34,558
- Net Assets: $799,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMM. OUTLET-THRIFT
Revenue
$489,914
EMPOWERMENT CO-OP
Revenue
$4,996
Organization Details
Founding Year
2001
Phone
(252) 321-6857Principal Officer
Kevin Clark Stallings
Main Address
PO BOX 2038, GREENVILLE, NC, 27836
Website
www.hope-of-glory.orgNTEE Category
Code: X20 - Religion related
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