Overview
What is Music Ministries?
Music Ministries, Inc., situated in Evansville, Indiana, is a Christian nonprofit organization. Their primary objective is to disseminate the teachings and beliefs of Christianity through the medium of worship music and teachings on both FM and AM radio. With a dedicated team of six employees, Music Ministries strives to uplift and inspire listeners with spiritual messages through their broadcasts.
Official website here: www.thywordnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star Rating
Music Ministries has received an 85% score, translating to a Three-Star rating, primarily reflecting its strong performance in Accountability and Finance. The charity demonstrates a solid governance structure, with 83% of its board members being independent. This independence, along with a commitment to best practices such as having a conflict of interest policy and a whistleblower policy, highlights the organization's transparency and dedication to responsible financial management.
The organization shows a commendable commitment to financial health, with a program expense ratio of 74.19%, indicating that a significant portion of its expenditures goes directly to its programs. Additionally, it maintains a low liabilities-to-assets ratio of 27.29%, suggesting a healthy balance sheet and fiscal responsibility. The charity also meets the necessary requirements for transparency, including posting its tax form on its website and documenting board meeting minutes.
While Music Ministries scores well overall, the rating is solely based on Accountability and Finance metrics. It does not appear to have ratings in other categories, which may limit a comprehensive understanding of its overall impact and effectiveness in fulfilling its mission. Nonetheless, the charity's strong governance practices and financial health are positive indicators of its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Music Ministries legitimate?
Music Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Music 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: $113,729
Professional Fundraising Fees: $0
Other Salaries and Wages: $117,099
For more financial information, click here
Official website here: www.thywordnetwork.org
What is the mission statement of Music Ministries?
Music Ministries, as a Christian organization, is dedicated to spreading the teachings and beliefs of Christianity through the medium of worship music and teachings. They achieve this goal by broadcasting their messages over both FM and AM radio waves. The organization's mission is centered around sharing the faith through musical and instructive content, reaching out to a wide audience and spreading spiritual messages.
Official website here: www.thywordnetwork.org
Who is the CEO of Music Ministries?
Floyd Turner is the Member of Music Ministries.
Official website here: www.thywordnetwork.org
What is the revenue of Music Ministries?
Music Ministries's revenue in 2022 was $617,851.
Official website here: www.thywordnetwork.org
Who are the executives of Music Ministries and what are their salaries?
The average compensation at Music Ministries during 2022 was $38,471. There are 6 employees at Music Ministries.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $96,757
- Related: $0
- Other: $0
- Compensation: $50,971
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thywordnetwork.org
Where can I find the form 990 for Music Ministries?
Music Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thywordnetwork.org
Learn more at the official website: www.thywordnetwork.org
Mission Statement of Music Ministries
Music Ministries, Inc. is a Christian organization dedicated to disseminating the tenets of the Christian faith through the medium of worship music and teachings over both FM and AM radio. Their mission is to serve as a broadcasting platform, using these musical and spiritual messages to reach and inspire a wide audience. By utilizing the power of radio, Music Ministries, Inc. aims to spread the Christian faith, touching the lives of listeners and fostering a sense of spiritual connection and understanding.
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Impact
July, 2024
Music Ministries has a significant impact by broadcasting the beliefs of the Christian faith through worship music and teachings over F.M. and A.M. radio. This allows them to reach a wide audience and spread their message of faith and worship to those who may not have access to traditional church services. Through their work, Music Ministries is able to connect with individuals, inspire spiritual growth, and provide a platform for Christian teachings and worship music to be shared and enjoyed by many.
This information is meant to be a general summary of Music 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.
- Gross Receipts: $634,674
Assets and Liabilities:
- Total Assets: $728,302
- Total Liabilities: $195,185
- Net Assets: $533,117
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Organization Details
Founding Year
1976
Phone
(800) 264-5550Principal Officer
Floyd Turner
Main Address
PO BOX 4164, EVANSVILLE, IN, 47724
Website
www.thywordnetwork.orgNTEE Category
Code: X21Z - Religion related
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