Overview
What is Mexico Mennonite Aid Inc?
Mexico Mennonite Aid Inc is a nonprofit organization situated in Nappanee, Indiana. Its primary objective is to support Mennonite and other families residing in Mexico, extending beyond the country's borders. They achieve this mission by engaging in real estate transactions, providing loans for property purchases, and offering financial assistance. Their activities are geared towards bettering the lives of these households in need. With a modest team of two individuals, Mexico Mennonite Aid Inc demonstrates a strong commitment to assisting the Mennonite community and other households in Mexico.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Mexico Mennonite Aid Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of financial health and accountability. A significant strength of the organization is its fully independent board, which consists of 100% independent members, demonstrating strong governance practices. Additionally, the organization maintains a low liabilities to assets ratio of 5% and a high program expense ratio of nearly 70%, showcasing that a substantial portion of its funds is directed towards its mission-related activities.
However, there are notable weaknesses in terms of transparency and governance policies. The organization has not provided financial statements or essential policies such as conflict of interest, whistleblower, and document retention, which could hinder stakeholders' ability to assess its operations fully. The absence of these documents on their website also reflects a lack of accessibility to crucial information that could enhance accountability.
Overall, while Mexico Mennonite Aid Inc shows promise with its financial management and governance structure, it needs to improve its transparency and documentation practices to boost its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Mexico Mennonite Aid Inc legitimate?
Mexico Mennonite Aid Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mexico Mennonite Aid 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: $25,200
For more financial information, click here
What is the mission statement of Mexico Mennonite Aid Inc?
Mexico Mennonite Aid Inc's mission is centered around supporting Mennonite and other families by purchasing real estate, offering loans for real estate purchases, and providing financial assistance. Their goal extends beyond Mexico, as they aim to assist households residing in various locations. This non-profit organization is dedicated to offering a hand of aid, contributing to the betterment of these families' living situations.
Who is the CEO of Mexico Mennonite Aid Inc?
Galen Nissley is the Board Chairman of Mexico Mennonite Aid Inc.
What is the revenue of Mexico Mennonite Aid Inc?
Mexico Mennonite Aid Inc's revenue in 2022 was $1,023,551.
Who are the executives of Mexico Mennonite Aid Inc and what are their salaries?
The average compensation at Mexico Mennonite Aid Inc during 2022 was $12,600. There are 2 employees and 20 volunteers at Mexico Mennonite Aid Inc.
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Where can I find the form 990 for Mexico Mennonite Aid Inc?
Mexico Mennonite Aid Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mexico Mennonite Aid Inc
Mexico Mennonite Aid Inc is committed to serving Mennonite and other households beyond the borders of its own country. Its mission is multifaceted, encompassing the purchase of real estate, offering loans for real estate purchases, and providing financial aid and assistance to those in need. This nonprofit organization extends its support to households residing not just within Mexico, but beyond its borders as well. By facilitating real estate purchases and offering financial aid, Mexico Mennonite Aid Inc seeks to improve the living conditions and financial stability of the communities it serves.
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Impact
October, 2024
Mexico Mennonite Aid Inc significantly enhances the lives of Mennonite and other households in Mexico through targeted financial assistance. By purchasing real estate and facilitating loans for property acquisition, the organization empowers families to secure stable living conditions. This financial aid directly impacts the ability of households to thrive in their communities, providing them with a sense of security and the opportunity to invest in their future. The organization’s mission to assist those in need fosters economic stability and fosters stronger community ties, ultimately contributing to improved quality of life for those it serves.
This information is meant to be a general summary of Mexico Mennonite Aid 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: $1,673
- Gross Receipts: $1,023,551
Assets and Liabilities:
- Total Assets: $2,611,555
- Total Liabilities: $130,587
- Net Assets: $2,480,968
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Organization Details
Founding Year
1999
Principal Officer
Galen Nissley
Main Address
PO Box 150, Nappanee, IN, 465500150
NTEE Category
Code: Q32 - International
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