Overview
What is Holy Love Ministries?
Holy Love Ministries is a nonprofit organization situated in North Ridgeville, Ohio, with a focus on charitable giving. Their primary mission revolves around promoting the Word of Mary and prayer. The organization engages in direct charitable activities, working towards the dissemination of Mary's work and encouragement of prayer. With a team of 18 dedicated individuals, Holy Love Ministries operates from 37137 Butternut Ridge Road, extending their efforts to spread spiritual messages and foster prayerful practices.
Official website here: www.holylove.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
Holy Love Ministries has received a Two-Star rating from Charity Navigator, indicating areas that require attention despite showing some strong points in their financial management. The organization boasts an impressive accountability and finance score of 100%, largely due to the absence of any material diversion of assets and a favorable liabilities to assets ratio of 0.00%. Additionally, their program expense ratio is high at 94.96%, which suggests that a significant portion of their funds is directed towards their programs rather than administrative costs.
However, the organization has notable weaknesses, particularly in governance and transparency. Holy Love Ministries lacks independent board members, which is crucial for objective decision-making and oversight. Furthermore, several critical policies, including conflict of interest and whistleblower policies, are missing, which raises concerns about organizational integrity and accountability. The absence of independent financial reviews also detracts from the overall financial transparency of the organization.
While Holy Love Ministries demonstrates a strong commitment to its programs and maintains good financial health, the governance issues highlight a need for improvement to enhance donor confidence and organizational effectiveness. Addressing these shortcomings could significantly improve their rating and overall public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Love Ministries legitimate?
Holy Love Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Love 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: $57,587
Professional Fundraising Fees: $0
Other Salaries and Wages: $502,220
For more financial information, click here
Official website here: www.holylove.org
What is the mission statement of Holy Love Ministries?
Holy Love Ministries is dedicated to charitable giving with the primary objective of promoting the work of Mary and prayer. Their mission encompasses providing financial support to further this cause. In simpler terms, the organization focuses on spreading the teachings of Mary and encourages prayer through its charitable activities.
Official website here: www.holylove.org
Who is the CEO of Holy Love Ministries?
Donald Kyle is the Secretary/Tr of Holy Love Ministries.
Official website here: www.holylove.org
What is the revenue of Holy Love Ministries?
Holy Love Ministries's revenue in 2022 was $1,306,538.
Official website here: www.holylove.org
Who are the executives of Holy Love Ministries and what are their salaries?
The average compensation at Holy Love Ministries during 2022 was $31,100. There are 18 employees at Holy Love Ministries.
Here are 3 key members and their salaries:
- Compensation: $37,115
- Related: $0
- Other: $0
- Compensation: $20,472
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.holylove.org
Where can I find the form 990 for Holy Love Ministries?
Holy Love Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.holylove.org
Learn more at the official website: www.holylove.org
Mission Statement of Holy Love Ministries
Holy Love Ministries is dedicated to charitable giving with the primary objective of spreading the teachings of Mary and promoting prayer. Their mission can be best encapsulated as an endeavor to advance the message of Mary and foster prayerful devotion. This organization channels its charitable efforts towards this purpose, serving as a catalyst for the propagation of Mary's teachings and the promotion of prayerful practices.
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Impact
October, 2024
Holy Love Ministries makes a significant impact by promoting the work of Mary and fostering a culture of prayer. Based in North Ridgeville, Ohio, it engages in direct charitable giving that supports initiatives tied to its mission. By sharing messages of faith and devotion, the organization encourages individuals to deepen their spiritual lives and connect with their community through prayer. This outreach not only enriches the lives of many but also strengthens the bonds of faith among followers, creating a supportive environment centered on religious values.
This information is meant to be a general summary of Holy Love 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.
- Investment Income: $501
- Gross Receipts: $1,306,538
Assets and Liabilities:
- Total Assets: $20,204,244
- Total Liabilities: $7,866
- Net Assets: $20,196,378
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Organization Details
Founding Year
1991
Phone
(440) 327-8006Principal Officer
Donald Kyle
Main Address
37137 BUTTERNUT RIDGE ROAD, NORTH RIDGEVILLE, OH, 44039
Website
www.holylove.orgNTEE Category
Code: X22Z - Religion related
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