Overview
What is Olive Branch Ministries?
Olive Branch Ministries is a nonprofit organization situated in Leetonia, Ohio. Their primary focus is to offer residential housing and essential services to mentally challenged adults. They manage foster homes and group homes, covering the associated living expenses. This community-oriented organization employs a team of 23 individuals, dedicated to supporting and improving the lives of mentally challenged adults.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
Olive Branch Ministries has received a Two-Star rating from Charity Navigator, reflecting a score of 64% based solely on the Accountability & Finance beacon. The organization demonstrates strong financial responsibility with a program expense ratio of 99.46%, indicating that nearly all of its funds are allocated directly to programs. Additionally, it has a perfect score in terms of liabilities to assets, suggesting a solid financial footing with no liabilities reported.
However, the organization's rating is impacted by several areas of concern. Only 33% of the board members are independent, which does not meet the ideal standards for governance. The organization also lacks published financial statements and does not have its tax form available on its website, which raises questions about transparency. While Olive Branch Ministries has a conflict of interest policy, a whistleblower policy, and does maintain meeting minutes, the absence of key financial disclosures is a significant limitation.
Overall, while Olive Branch Ministries shows commendable efficiency in program spending and has robust financial management practices, its governance structure and lack of transparency in financial reporting could be improved to enhance its accountability and build greater trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Olive Branch Ministries legitimate?
Olive Branch Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olive Branch Ministries 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: $68,885
Professional Fundraising Fees: $0
Other Salaries and Wages: $299,001
For more financial information, click here
What is the mission statement of Olive Branch Ministries?
Olive Branch Ministries is dedicated to providing residential housing and essential services for mentally challenged adults. Their mission is to create an environment that caters to the unique needs of these individuals, ensuring their well-being and overall quality of life. The organization's activities primarily involve managing foster homes and group homes, covering the necessary living expenses for these mentally challenged adults. By offering residential housing and services, Olive Branch Ministries aims to contribute positively to the lives of mentally challenged adults, providing them with a safe and supportive living environment.
Who is the CEO of Olive Branch Ministries?
Timothy Young is the Executive Director of Olive Branch Ministries.
What is the revenue of Olive Branch Ministries?
Olive Branch Ministries's revenue in 2022 was $547,725.
Who are the executives of Olive Branch Ministries and what are their salaries?
The average compensation at Olive Branch Ministries during 2022 was $15,995. There are 23 employees and 20 volunteers at Olive Branch Ministries.
Here are 9 key members and their salaries:
- Compensation: $68,885
- Related: $0
- Other: $0
- Compensation: $4,072
- 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
- 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 Olive Branch Ministries?
Olive Branch Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Olive Branch Ministries
Olive Branch Ministries, a nonprofit organization, is dedicated to providing residential housing and essential services to mentally challenged adults. Their mission is to create an environment that caters to the unique needs of these individuals, ensuring they live with dignity and independence. The organization invests in the well-being of mentally challenged adults by covering the housing and living expenses for their foster homes and group homes. This commitment enables these individuals to lead fulfilling lives, free from financial constraints that often hinder their overall development and growth.
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Impact
July, 2024
Olive Branch Ministries provides essential residential housing and services to mentally challenged adults in Leetonia, Ohio. By offering foster homes and group homes, they create a supportive and nurturing environment for individuals in need. This impactful work directly improves the quality of life for these adults and helps to address a critical need in the community.
This information is meant to be a general summary of Olive Branch Ministries. 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.
- Program Service Revenue: $437,173
- Gross Receipts: $560,426
Assets and Liabilities:
- Total Assets: $24,040
- Total Liabilities: $0
- Net Assets: $24,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING FOR HANDICAPPED
Revenue
$437,173
Organization Details
Founding Year
2010
Principal Officer
Timothy Young
Main Address
P O BOX 55, LEETONIA, OH, 44431
NTEE Category
Code: L24 - Housing
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