Overview
What is Gospel Ventures Inc?
Gospel Ventures Inc, situated in Barron, Wisconsin, is a nonprofit organization renowned for its missionary work in the Philippines. They have a strong commitment to assisting and constructing churches, using modest contributions from numerous donors. During the COVID-19 pandemic, this spirit of compassion has been particularly evident. The organization is led by its president, who is the sole board member receiving compensation, and they meticulously document their accomplishments. This leader oversees various projects, delivering sermons until a local resident gains the courage and knowledge to preach on their own. The built churches serve as platforms for the spread of the Gospel word, with a leader emerging in each community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Gospel Ventures Inc has received a Three-Star rating from Charity Navigator, reflecting a strong performance in its accountability and finance practices. The charity's overall score is based entirely on its accountability and finance metrics, achieving an 85% rating in this area. This indicates that the organization demonstrates a solid commitment to transparency and responsible financial management.
One of the key strengths highlighted in the evaluation is the presence of a majority independent board, with 100% of its members being independent. Additionally, the organization scores perfectly in areas such as the absence of material diversion of assets, which speaks to its integrity and governance practices. Furthermore, it has a robust conflict of interest policy and maintains comprehensive documentation practices regarding board meetings and record retention.
However, while the Program Expense Ratio is relatively strong at 68.19%, indicating that a significant portion of its expenses supports its programs, there is always room for improvement in increasing this percentage. Overall, Gospel Ventures Inc demonstrates a commendable level of accountability and effectiveness in its operations but should continue to focus on enhancing program efficiency to further bolster its mission impact.
This AI summary has been generated from information found on Charity Navigator.
Is Gospel Ventures Inc legitimate?
Gospel Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gospel Ventures 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: $30,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Gospel Ventures Inc?
Gospel Ventures Inc's mission centers around missionary activity in unspecified locations, with a particular focus on the Philippines. The organization aids in the construction of churches, providing a foundation for the spread of the gospel. Once a church is established, a local leader emerges to continue preaching the word until they gain sufficient courage and knowledge. The organization operates with numerous small donations and has seen an increase in compassion during the COVID-19 pandemic. The president of the organization, who is the only one receiving compensation, keeps track of achievements, oversees various projects, and delivers messages until a local figure is prepared to take over the sermon.
Who is the CEO of Gospel Ventures Inc?
Sheldon Dwyer is the President of Gospel Ventures Inc.
What is the revenue of Gospel Ventures Inc?
Gospel Ventures Inc's revenue in 2022 was $79,108.
Who are the executives of Gospel Ventures Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gospel Ventures Inc?
Gospel Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gospel Ventures Inc
Gospel Ventures Inc, a nonprofit organization, is dedicated to missionary activity in the Philippines. Their mission involves constructing and assisting in the establishment of churches in various areas. Upon completion, a local leader is nurtured and empowered to share the Gospel word, ultimately becoming self-sufficient in their community. During challenging times, such as the COVID-19 pandemic, the organization experienced an outpouring of compassion, which enabled them to continue their missionary work effectively. The president of Gospel Ventures Inc, the only board member receiving compensation, meticulously keeps records of their accomplishments and oversees various projects. Moreover, he plays a crucial role in delivering the message until a native has the courage and knowledge to preach the sermon independently.
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Impact
August, 2024
Gospel Ventures Inc's impact lies in its missionary activities in the Philippines. Through the organization's efforts, churches have been assisted and built using numerous small donations. Particularly during the COVID-19 pandemic, Gospel Ventures Inc demonstrated a great deal of compassion by providing assistance to those in need. President Dwyer, the only compensated board member, diligently keeps records of accomplishments, oversees various projects, and delivers the message until a local leader is capable of preaching. The organization's mission to support and construct churches has been instrumental in spreading the Gospel in the Philippines.
This information is meant to be a general summary of Gospel Ventures 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: $79,108
Assets and Liabilities:
- Total Assets: $16,316
- Total Liabilities: $0
- Net Assets: $16,316
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Organization Details
Founding Year
1978
Phone
(715) 657-3318Principal Officer
Sheldon Dwyer
Main Address
1546 11 1/2 AVE, Barron, WI, 54812
NTEE Category
Code: X12 - Religion related
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