Overview
What is Bibles For Missions Thrift Centers?
Bibles For Missions Thrift Centers is a nonprofit organization with numerous individual stores situated across various states in the United States. The organization relies on a large number of volunteers, totaling hundreds, who contribute their time to manage and operate these thrift stores. Donated items, including a wide array of goods, are welcomed at each store and displayed for sale at significantly reduced prices for the general public. The profits generated from these sales are funneled towards various ministries, such as Bible League International, Minnesota Coalition for Eastern Europe, IGO Worldwide, World Mission, Living Water, and Bellevue Baptist Church-Missions Fund. These funds are utilized to distribute New Testaments and Bibles worldwide, with each store selecting the countries for distribution. The primary mission of Bibles For Missions Thrift Centers is to raise funds for strategically chosen ministries that propagate the message of Jesus Christ globally. Operating under the name Legacy Thrift, this organization has a workforce of 5 individuals.
Official website here: www.legacythrift.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Bibles For Missions Thrift Centers has received a two-star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization has shown strengths in having a fully independent board and maintaining a high program expense ratio, which suggests that a significant portion of funds is directed toward its charitable activities.
However, there are notable limitations in the governance practices, as the organization lacks a whistleblower policy and a document retention and destruction policy. These gaps could pose risks in terms of transparency and accountability. Overall, while the thrift center demonstrates good financial management, addressing these governance weaknesses would enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Bibles For Missions Thrift Centers legitimate?
Bibles For Missions Thrift Centers is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bibles For Missions Thrift Centers 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: $101,572
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,291
For more financial information, click here
Official website here: www.legacythrift.org
What is the mission statement of Bibles For Missions Thrift Centers?
Bibles For Missions Thrift Centers aims to raise funds for strategically chosen ministries that disseminate the message of Jesus Christ worldwide. The organization achieves this by operating numerous thrift stores across various U.S. states and relying on the contributions of hundreds of volunteers. Donated items, sold at reduced prices, contribute to the net proceeds, which are subsequently donated to several international organizations such as The Bible League International, Minnesota Coalition for Eastern Europe, IGO Worldwide, World Mission, Living Water, and Bellevue Baptist Church-Missions Fund. These donations are utilized to distribute New Testaments and Bibles globally, with each store selecting the countries for distribution.
Official website here: www.legacythrift.org
Who is the CEO of Bibles For Missions Thrift Centers?
Dan Rinzema is the President of Bibles For Missions Thrift Centers.
Official website here: www.legacythrift.org
What is the revenue of Bibles For Missions Thrift Centers?
Bibles For Missions Thrift Centers's revenue in 2022 was $6,938,502.
Official website here: www.legacythrift.org
Who are the executives of Bibles For Missions Thrift Centers and what are their salaries?
The average compensation at Bibles For Missions Thrift Centers during 2022 was $39,773. There are 5 employees and 1000 volunteers at Bibles For Missions Thrift Centers.
Here are 9 key members and their salaries:
- Compensation: $101,572
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.legacythrift.org
Where can I find the form 990 for Bibles For Missions Thrift Centers?
Bibles For Missions Thrift Centers's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legacythrift.org
Learn more at the official website: www.legacythrift.org
Mission Statement of Bibles For Missions Thrift Centers
Bibles For Missions Thrift Centers, a nonprofit organization, is dedicated to raising funds for strategically selected ministries that spread the message of Jesus Christ around the globe. The organization achieves this mission by operating numerous stores across various states in the United States. Hundreds of volunteers contribute their time to manage and operate these thrift stores, accepting donated items that are then sold at reduced prices to the public. The net proceeds from these sales are donated to several ministries, including the Bible League International, Minnesota Coalition for Eastern Europe, IGO Worldwide, World Mission, Living Water, and Bellevue Baptist Church-Missions Fund. These contributions are used to distribute New Testaments and Bibles worldwide, with each store selecting the countries where their donations will be sent. Through the tireless efforts of its volunteers, Bibles For Missions Thrift Centers has placed millions of scriptures globally, aiming to spread the word of Jesus Christ.
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Impact
July, 2024
Bibles For Missions Thrift Centers' impact can be seen in the millions of scriptures that have been placed worldwide through their efforts. By raising funds through the operation of thrift stores, they support strategically selected ministries that share the good news of Jesus Christ around the world. This organization operates individual stores in several states in the USA, with hundreds of volunteers donating their time to manage and operate the thrift stores. The donated goods are sold at reduced prices to the public, and the net proceeds are contributed to organizations such as the Bible League International, Minnesota Coalition for Eastern Europe, IGO Worldwide, World Mission, Living Water, and Bellevue Baptist Church-Missions Fund. These funds are used to distribute new testaments and Bibles to countries chosen by each store, making a significant impact on spreading the message of Christianity globally.
This information is meant to be a general summary of Bibles For Missions Thrift Centers. 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: $3,892
- Program Service Revenue: $6,744,738
- Gross Receipts: $6,938,502
Assets and Liabilities:
- Total Assets: $9,731,577
- Total Liabilities: $2,668,871
- Net Assets: $7,062,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE SALES
Revenue
$6,744,738
Organization Details
Founding Year
1992
Phone
(616) 662-3663Principal Officer
Dan Rinzema
Main Address
3386 CENTRAL BOULEVARD, HUDSONVILLE, MI, 49426
Website
www.legacythrift.orgNTEE Category
Code: P29Z - Human services
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