Overview
What is Living Hope Ministries?
Living Hope Ministries is a nonprofit organization situated in Minneapolis, Minnesota, with a specific focus on supporting youth in the northeastern part of the city. They offer their services beyond regular school hours during after-school programs and throughout the summer vacation. The primary goal of this organization is to aid in the education of these youth, either by helping them maintain their school attendance or by furthering their academic progress. With a dedicated team of two individuals, Living Hope Ministries strives to make a positive impact on the local community.
Official website here: www.livinghopempls.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 61%)
Living Hope Ministries has received a two-star rating from Charity Navigator, indicating a need for improvement in various areas of its operations. The organization excels in accountability and finance, scoring a perfect 100%, which reflects strong governance and financial integrity. Key strengths include having a majority of independent board members and a solid program expense ratio, ensuring that the funds are primarily used for their intended purposes.
However, notable limitations are present in the nonprofit's policies and transparency practices. The organization scored low on crucial areas such as conflict of interest, whistleblower policies, and document retention, which received no points. Additionally, the liabilities to assets ratio is a concerning area that did not meet expectations, suggesting potential financial risks that could impact the organization's long-term sustainability.
Overall, while Living Hope Ministries demonstrates strong fiscal management, it must address its governance policies and improve transparency to enhance its credibility and operational effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Living Hope Ministries legitimate?
Living Hope Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Living Hope Ministries 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: $30,325
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,160
For more financial information, click here
Official website here: www.livinghopempls.org
What is the mission statement of Living Hope Ministries?
Living Hope Ministries focuses on providing youth services beyond school hours, specifically during afternoons and summer months. Their primary objective is to support these young individuals in their educational pursuits, aiming to help them maintain their attendance in school and make strides in their education. This organization strives to contribute positively to the lives of these young people in a holistic manner.
Official website here: www.livinghopempls.org
What is the revenue of Living Hope Ministries?
Living Hope Ministries's revenue in 2023 was $123,632.
Official website here: www.livinghopempls.org
Who are the executives of Living Hope Ministries and what are their salaries?
The average compensation at Living Hope Ministries during 2023 was $19,242. There are 2 employees at Living Hope Ministries.
Here are 3 key members and their salaries:
- Compensation: $30,325
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.livinghopempls.org
Where can I find the form 990 for Living Hope Ministries?
Living Hope Ministries's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.livinghopempls.org
Learn more at the official website: www.livinghopempls.org
Mission Statement of Living Hope Ministries
Living Hope Ministries, as an organization, is dedicated to providing youth services beyond school hours and during the summer months. Their primary goal is to support these young individuals in their educational journey and help maintain their enrollment in school. By offering these services, Living Hope Ministries aims to contribute positively to the youth's development, fostering a conducive environment for their educational growth.
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Impact
October, 2024
Living Hope Ministries has a significant impact on the youth of Northeast Minneapolis by providing essential after-school and summer programs aimed at enhancing educational outcomes and encouraging school retention. Through structured activities, mentorship, and academic support, the organization helps students stay engaged in their education, equipping them with the skills and resources they need to succeed academically and personally. By focusing on youth development, Living Hope Ministries fosters a supportive environment where young individuals can thrive, ultimately contributing to their growth and the overall well-being of the community.
This information is meant to be a general summary of Living Hope Ministries. 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: $2
- Program Service Revenue: $24,420
- Gross Receipts: $142,176
Assets and Liabilities:
- Total Assets: $559,627
- Total Liabilities: $497,479
- Net Assets: $62,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$24,420
Organization Details
Founding Year
1994
Principal Officer
Steven Moen
Website
www.livinghopempls.orgNTEE Category
Code: O20 - Youth development
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