Overview
What is Friends Network?
Friends Network is a nonprofit organization situated in St. Paul, Minnesota. Their primary focus is on recruiting, training, and dispatching lay missionaries for religious work in various parts of Asia. With a team of six dedicated individuals, they invest in preparing and supporting these volunteers to serve globally. The organization's mission is to contribute to spiritual growth and community development through the efforts of these lay missionaries.
Official website here: www.friendsnet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Friends Network has achieved an 81% overall score, indicating a solid performance in accountability and finance. The charity excels with a 90% rating in Accountability & Finance, showcasing strong governance practices, including 100% independent board members and effective conflict of interest policies. The organization has a commendable program expense ratio of 74.04%, reflecting a significant portion of its resources directed towards its programs.
The Culture & Community score stands at 77%, suggesting that while there are positive aspects to community engagement, there may be areas for improvement. The charity maintains transparency with essential documents such as board meeting minutes and a whistleblower policy readily available. Additionally, the absence of any material diversion of assets indicates sound financial management.
Overall, Friends Network demonstrates a commitment to responsible fiscal management and governance, although there is potential to enhance community involvement. The charity's strong financial health, indicated by a 0.00% liabilities to assets ratio, positions it well for future initiatives, ensuring that it can continue to serve its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Network legitimate?
Friends Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Network 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: $196,858
For more financial information, click here
Official website here: www.friendsnet.org
What is the mission statement of Friends Network?
The Friends Network is committed to recruiting, training, and deploying lay missionaries globally. Their mission involves providing support to these missionaries throughout their service, primarily focusing on mission work in Asia. The organization's activities are primarily centered around this central program, which includes the recruitment, training, and sending of teachers and evangelists for their mission objectives.
Official website here: www.friendsnet.org
Who is the CEO of Friends Network?
Aaron Wakeman is the Director of Friends Network.
Official website here: www.friendsnet.org
What is the revenue of Friends Network?
Friends Network's revenue in 2023 was $572,178.
Official website here: www.friendsnet.org
Who are the executives of Friends Network and what are their salaries?
The average compensation at Friends Network during 2023 was $32,810. There are 6 employees and 20 volunteers at Friends Network.
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Official website here: www.friendsnet.org
Where can I find the form 990 for Friends Network?
Friends Network's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.friendsnet.org
Learn more at the official website: www.friendsnet.org
Mission Statement of Friends Network
Friends Network, as an organization, is dedicated to recruiting, training, and supporting lay missionaries who are sent out to various parts of the world. Their primary mission is to facilitate the deployment of teachers and evangelists for mission work, particularly in Asia. This central program involves covering all associated expenses, ensuring that these individuals are well-equipped and prepared for their mission. By doing so, Friends Network plays a vital role in spreading knowledge and faith, contributing to the betterment of communities around the globe.
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Impact
July, 2024
Friends Network's impact lies in the recruitment, training, sending, and support of lay missionaries around the world. The organization plays a crucial role in enabling individuals to engage in mission work in Asia, particularly in teaching and evangelism. By providing the necessary resources and support, Friends Network empowers these missionaries to make a meaningful difference in communities overseas. Through their efforts, the organization contributes to spreading important messages and teachings globally, ultimately helping to create positive change and promote understanding across different cultures and communities.
This information is meant to be a general summary of Friends Network. 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
- Gross Receipts: $572,178
Assets and Liabilities:
- Total Assets: $18,005
- Total Liabilities: $0
- Net Assets: $18,005
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Organization Details
Founding Year
2000
Phone
(651) 231-2180Principal Officer
Aaron Wakeman
Main Address
PO Box 18038, St Paul, MN, 55118
Website
www.friendsnet.orgNTEE Category
Code: Q220 - International
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