Overview
What is Believers Stewardship Services Inc?
Believers Stewardship Services Inc, operating under the name Legacy Ministry Services, is a nonprofit organization situated in Dubuque, Iowa (52001). Their primary mission is to help Christian believers uphold biblical stewardship by aiding them in achieving their financial and estate planning objectives. They offer a range of services, including donor-advised funds and fund management for individuals, trusts/estates, and both active and dissolved churches/ministries. Additionally, the organization assists churches with corporate governance and assists in the asset dissolution process during the year. Their work aims to glorify God by supporting local New Testament churches and associated ministries with financial and governance-related matters. With a team of nine dedicated individuals, Believers Stewardship Services Inc is committed to fulfilling its mission.
Official website here: www.legacyministryservices.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
Believers Stewardship Services Inc demonstrates a strong commitment to accountability and finance, as evidenced by its impressive 97% score, which is indicative of its healthy financial practices. The organization has achieved full marks in key areas, including independent board members and financial oversight, showcasing a well-structured governance that prioritizes transparency and ethical management.
Strengths of the organization include a high program expense ratio of 88.21%, meaning that a significant portion of its funding goes directly towards fulfilling its mission. Additionally, the organization has excellent fundraising efficiency, with minimal costs associated with raising funds, which suggests that it effectively utilizes donations to maximize impact. The organization is well-prepared financially, as reflected by its strong working capital ratio of 4.17 years.
While the data reflects a robust operational framework, there are no notable limitations or areas of concern reported. The charity's practices, including policies on conflicts of interest and a well-documented record of board meeting minutes, further reinforce its high standards of governance, making it a trustworthy choice for potential donors looking to support a responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Believers Stewardship Services Inc legitimate?
Believers Stewardship Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Believers Stewardship Services 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: $141,757
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,729
For more financial information, click here
Official website here: www.legacyministryservices.com
What is the mission statement of Believers Stewardship Services Inc?
Believers Stewardship Services Inc's mission is centered around glorifying God through biblical stewardship. They achieve this by assisting Christian believers in achieving their financial and estate planning goals. The organization also supports local New Testament churches and associated ministries with financial and governance-related matters. In addition, they provide donor-advised fund and other fund management services to individuals, trusts/estates, and churches/ministries. Furthermore, Believers Stewardship Services Inc offers assistance with corporate governance to churches and assists churches with asset dissolution during the year.
Official website here: www.legacyministryservices.com
Who is the CEO of Believers Stewardship Services Inc?
Robert Sullivan is the CEO of Believers Stewardship Services Inc The CEO's salary of Believers Stewardship Services Inc is $115,507 and their total compensation is $134,512.
Official website here: www.legacyministryservices.com
What is the revenue of Believers Stewardship Services Inc?
Believers Stewardship Services Inc's revenue in 2024 was $4,776,002.
Official website here: www.legacyministryservices.com
Who are the executives of Believers Stewardship Services Inc and what are their salaries?
The average compensation at Believers Stewardship Services Inc during 2024 was $67,297. There are 5 employees and 6 volunteers at Believers Stewardship Services Inc.
Here are 7 key members and their salaries (Believers Stewardship Services Inc's CEO's salary is $115,507 and their total compensation is $134,512):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $115,507
- Related: $0
- Other: $19,005
- Compensation: $0
- 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.legacyministryservices.com
Where can I find the form 990 for Believers Stewardship Services Inc?
Believers Stewardship Services Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.legacyministryservices.com
Learn more at the official website: www.legacyministryservices.com
Mission Statement of Believers Stewardship Services Inc
Believers Stewardship Services Inc is committed to glorifying God by assisting Christian believers in fulfilling biblical stewardship. Their mission is twofold: firstly, they aim to help individuals, trusts/estates, and both active and dissolved churches/ministries achieve their financial and estate planning goals. Secondly, they provide support to local New Testament churches and associated ministries in managing their finances and governance matters. This includes rendering donor-advised fund and other fund management services, as well as offering assistance with asset dissolution for churches during the year. Overall, Believers Stewardship Services Inc seeks to glorify God by empowering Christians to manage their finances in accordance with biblical principles, while also supporting the financial needs of local churches and ministries.
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Impact
October, 2024
Believers Stewardship Services Inc has a significant impact by empowering Christian believers to achieve their financial and estate planning goals in a way that aligns with their values and beliefs. By providing donor advised fund management and other financial services, the organization facilitates charitable giving, allowing individuals, trusts, estates, and both active and dissolved churches to manage their philanthropic efforts effectively.
The organization plays a crucial role in supporting churches and ministries with corporate governance, ensuring they operate with transparency and accountability. Additionally, it aids in the asset dissolution process for churches, helping to execute these transitions smoothly and in accordance with biblical principles. Through its mission, Believers Stewardship Services Inc not only enhances the financial well-being of individuals and organizations but also fosters a culture of generosity and stewardship in the Christian community, ultimately glorifying God through responsible financial management.
This information is meant to be a general summary of Believers Stewardship Services 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 2024.
- Investment Income: $546,857
- Program Service Revenue: $2,765
- Gross Receipts: $8,961,678
Assets and Liabilities:
- Total Assets: $15,426,767
- Total Liabilities: $4,045,633
- Net Assets: $11,381,134
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Organization Details
Founding Year
2001
Principal Officer
Walkter Skip Elliott
NTEE Category
Code: T30 - Philanthropy
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