Overview
What is New Original Ministries Inc?
New Original Ministries Inc, located in Chicago, Illinois, is a nonprofit organization primarily focused on employment or job training. Their primary mission is centered around the education of children, aiming to provide opportunities and resources for the betterment of young lives. While the specific activities or programs offered by this organization weren't detailed in the information provided, it's clear that their focus lies in educational development and empowerment for children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
New Original Ministries Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization's score of 79% reflects strong governance practices, with 100% of board members being independent and a well-structured board size. The absence of material diversion of assets and the existence of essential policies, such as conflict of interest and whistleblower policies, further demonstrate a commitment to transparency and ethical management.
The charity excels in its financial management, as evidenced by a program expense ratio of 88.49%, which suggests that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, the liabilities to assets ratio is notably strong at -31.85%, indicating that the organization maintains a healthy balance sheet.
While the ratings are largely positive, it is important for potential donors and stakeholders to remain aware of the nuances in nonprofit performance. Continued oversight and regular evaluation of the organization’s impact will be essential for maintaining these standards and further enhancing its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is New Original Ministries Inc legitimate?
New Original Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Original Ministries 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: $734,929
For more financial information, click here
What is the mission statement of New Original Ministries Inc?
New Original Ministries, as an organization, is primarily focused on the mission of educating children. This mission is reflected in their employment or job training program in Chicago, IL. Their goal is to contribute to the overall development and learning of children, ensuring they have the necessary skills and knowledge for their future. The organization may also provide resources or support to facilitate this educational process, although specific details are not provided in the given information.
Who is the CEO of New Original Ministries Inc?
Cheryl Giscombe is the Executive Director of New Original Ministries Inc.
What is the revenue of New Original Ministries Inc?
New Original Ministries Inc's revenue in 2022 was $776,210.
Who are the executives of New Original Ministries Inc and what are their salaries?
There 4 volunteers at New Original Ministries Inc.
Here are 3 key members and their salaries:
- Compensation: $49,000
- Related: $0
- Other: $0
- Compensation: $74,000
- Related: $0
- Other: $0
- Compensation: $49,000
- Related: $0
- Other: $0
Where can I find the form 990 for New Original Ministries Inc?
New Original Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Original Ministries Inc
New Original Ministries, a noteworthy organization, is dedicated to the mission of educating children. Situated in an undisclosed location, this nonprofit focuses on providing employment or job training programs with a primary focus on the academic growth and development of children. By fostering a learning environment, New Original Ministries aims to empower young minds and prepare them for future opportunities. The organization's mission is centered around the belief that quality education is essential for children's personal growth and societal advancement. By investing in the education of children, New Original Ministries strives to create a brighter future for the next generation.
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Impact
October, 2024
New Original Ministries Inc has a significant impact on the Chicago community by focusing on the education of children, particularly through employment and job training programs. By equipping youth with essential skills and knowledge, the organization helps to create pathways to better job opportunities and career readiness. This not only enhances the individual prospects of these children but also contributes to the overall economic vitality of the community. Their efforts foster self-sufficiency and empowerment, allowing participants to break the cycle of poverty and build a brighter future. Through dedicated programs, New Original Ministries Inc plays a crucial role in nurturing the next generation, ensuring they have the tools necessary to succeed in a competitive job market.
This information is meant to be a general summary of New Original Ministries 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.
- Gross Receipts: $776,210
Assets and Liabilities:
- Total Assets: $82,562
- Total Liabilities: -$26,293
- Net Assets: $108,855
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Organization Details
Founding Year
2002
Principal Officer
Cheryl Giscombe
Main Address
1750 E 78TH ST, CHICAGO, IL, 606494514
NTEE Category
Code: J22 - Employment
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