Overview
What is Forgotten Children Ministries?
Forgotten Children Ministries is a compassionate nonprofit organization, headquartered in Birmingham, Alabama, with a specific focus on providing aid to underprivileged children in developing and third-world countries, such as Honduras. The organization operates a 40-acre farm, capable of accommodating up to 80 children, where they offer spiritual, physical, medical, and humanitarian relief. With a dedicated team of three individuals, Forgotten Children Ministries works tirelessly to alleviate poverty and improve the lives of indigent, homeless, distressed, and disadvantaged children in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%
Forgotten Children Ministries has earned a Three-Star out of Four Star rating, reflecting a solid performance in accountability and finance. The organization showcases strong governance, with 90% of its board members being independent, indicating a commitment to effective oversight. Additionally, the charity maintains a high program expense ratio of 86.01%, which suggests that a significant portion of its funding is directed towards its programs rather than administrative costs.
The organization also scores well in various governance metrics, such as having a conflict of interest policy and documented board meeting minutes. With no noted material diversion of assets and a healthy liabilities to assets ratio of 0.15%, Forgotten Children Ministries demonstrates sound financial management practices, reassuring potential donors of its reliability.
While the overall score of 75% is commendable, there is room for improvement in certain areas to enhance transparency and operational efficiency further. Continued attention to these aspects could help elevate its standing among similar organizations and attract more support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Forgotten Children Ministries legitimate?
Forgotten Children Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forgotten Children 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: $100,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $104,293
For more financial information, click here
What is the mission statement of Forgotten Children Ministries?
Forgotten Children Ministries is committed to providing aid and relief to indigent, homeless, distressed, and underprivileged children in developing and third world countries, including Honduras. Their mission encompasses offering spiritual, physical, medical, and humanitarian assistance to these children in need. The organization operates a forty-acre farm capable of housing up to 80 children, providing them with a sanctuary during their times of hardship.
What is the revenue of Forgotten Children Ministries?
Forgotten Children Ministries's revenue in 2023 was $1,105,545.
Who are the executives of Forgotten Children Ministries and what are their salaries?
The average compensation at Forgotten Children Ministries during 2023 was $68,418. There are 3 employees and 200 volunteers at Forgotten Children Ministries.
Here are 9 key members and their salaries:
- Compensation: $111,261
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- Other: $0
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Forgotten Children Ministries?
Forgotten Children Ministries's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Forgotten Children Ministries
Forgotten Children Ministries is dedicated to extending aid and relief to impoverished, homeless, distressed, and underprivileged children residing in developing and third world countries, including but not limited to Honduras. The organization's mission is multifaceted, encompassing spiritual, physical, medical, and humanitarian assistance. This nonprofit aims to improve the living conditions and well-being of these children, offering them a much-needed respite from their hardships.
Forgotten Children Ministries operates a forty-acre farm that can accommodate up to 80 children. This facility serves as a sanctuary for these children, providing them with essential necessities such as food, clothing, and medical care. By offering this comprehensive aid, the organization seeks to uplift the lives of these children, offering them a chance to thrive amidst challenging circumstances. The mission of Forgotten Children Ministries is deeply rooted in its commitment to alleviating suffering and fostering hope for a brighter future for underprivileged children worldwide.
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Impact
July, 2024
Forgotten Children Ministries provides crucial support to indigent, distressed, and underprivileged children in developing countries, with a primary focus on Honduras. Through their efforts, these children receive spiritual guidance, physical care, medical assistance, and humanitarian aid. The organization's impact is profound, as they own and operate a forty-acre farm that can accommodate up to 80 children at a time. This means that dozens of children are given a safe haven and access to essential services that they may not have otherwise received. The work of Forgotten Children Ministries is truly life-changing for these vulnerable children in need.
This information is meant to be a general summary of Forgotten Children 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: $6,040
- Gross Receipts: $1,105,545
Assets and Liabilities:
- Total Assets: $1,778,616
- Total Liabilities: $2,842
- Net Assets: $1,775,774
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Organization Details
Founding Year
2003
Principal Officer
Stanley E Nowell
NTEE Category
Code: X20 - Religion related
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