Overview
What is Good Stewards Inc?
Good Stewards Inc, based in Jefferson, Wisconsin, is a nonprofit organization that primarily supports Lakeside Lutheran High School's operations through financial means. They achieve this by operating a thrift resale store, entirely staffed by volunteers. The store sells donated items from the general public, and the profits generated are utilized to further the mission of Lakeside Lutheran High School, the Wisconsin Evangelical Lutheran Synod, and charitable organizations within southern Wisconsin. The thrift store serves as an integral part of Good Stewards Inc's mission, contributing to its overall charitable activities.
Official website here: www.twiceisniceresaleshop.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Good Stewards Inc has received a Two-Star rating from Charity Navigator, indicating that the organization has some strengths but also significant areas for improvement. The overall score of 73% reflects strong accountability in areas such as board independence and financial management. Notably, the organization has achieved full marks for independent board members and a favorable liabilities to assets ratio, indicating good financial health.
However, the nonprofit faces critical shortcomings, particularly in governance and transparency. The absence of a conflict of interest policy and a whistleblower policy, along with missing financial statements on their website, has significantly impacted its overall rating. These factors raise concerns about the organization's commitment to best practices in nonprofit governance.
Despite these issues, Good Stewards Inc demonstrates a high program expense ratio of 97.24%, suggesting that a large portion of its budget is allocated directly to its programs, which is a positive aspect of its operations. Nonetheless, until governance practices are strengthened, potential donors may want to exercise caution.
This AI summary has been generated from information found on Charity Navigator.
Is Good Stewards Inc legitimate?
Good Stewards Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Stewards 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: $52,455
For more financial information, click here
Official website here: www.twiceisniceresaleshop.com
What is the mission statement of Good Stewards Inc?
Good Stewards Inc operates a thrift resale store, entirely staffed by volunteers, selling donated items from the general public. The primary purpose of this operation is to provide financial support for Lakeside Lutheran High School and the Wisconsin Evangelical Lutheran Synod. Additionally, a portion of the profits from the thrift store are directed towards various charitable organizations located in Southern Wisconsin. The mission of Good Stewards Inc is to utilize the thrift store as a means to support these educational and charitable institutions.
Official website here: www.twiceisniceresaleshop.com
What is the revenue of Good Stewards Inc?
Good Stewards Inc's revenue in 2023 was $1,088,292.
Official website here: www.twiceisniceresaleshop.com
Who are the executives of Good Stewards Inc and what are their salaries?
The average compensation at Good Stewards Inc during 2023 was $52,455. There is 1 employee and 170 volunteers at Good Stewards Inc.
Here are 9 key members and their salaries:
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Official website here: www.twiceisniceresaleshop.com
Where can I find the form 990 for Good Stewards Inc?
Good Stewards Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.twiceisniceresaleshop.com
Learn more at the official website: www.twiceisniceresaleshop.com
Mission Statement of Good Stewards Inc
Good Stewards Inc, a nonprofit organization, carries out its mission by operating a thrift resale store. This store is staffed entirely by volunteers and sells donated items from the general public. The primary purpose of this venture is to generate profits, which are then utilized to support the mission of Lakeside Lutheran High School and the Wisconsin Evangelical Lutheran Synod, as well as various charitable organizations situated in Southern Wisconsin. By operating this thrift store, Good Stewards Inc provides financial assistance to Lakeside Lutheran High School, contributing to its overall operations.
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Impact
July, 2024
Good Stewards Inc's impact lies in its operation of a thrift resale store staffed entirely with volunteers. The store sells items donated by the general public, with profits used to support the mission of Lakeside Lutheran High School, the Wisconsin Evangelical Synod, and charitable organizations located in southern Wisconsin. This financial support is vital for Lakeside Lutheran High School's general operations, ensuring its continued success in providing education and support to students. Through their work, Good Stewards Inc plays a key role in supporting both educational and charitable initiatives in their community, making a positive impact on the lives of many individuals.
This information is meant to be a general summary of Good Stewards 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 2023.
- Investment Income: $13,788
- Gross Receipts: $2,151,857
Assets and Liabilities:
- Total Assets: $2,036,968
- Total Liabilities: $59,449
- Net Assets: $1,977,519
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Organization Details
Founding Year
1993
Principal Officer
Robert J Kuykendall
NTEE Category
Code: P29 - Human services
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