Overview
What is Nicaragua Resource Network Inc?
Nicaragua Resource Network Inc, with its headquarters at 16162 CAREY ROAD, Westfield, IN 46074, is a dedicated nonprofit organization. Their mission is deeply rooted in Jesus' teachings, aiming to love God and their neighbors as themselves. They accomplish this by channeling their time, talents, and resources towards addressing the spiritual, physical, medical, and educational needs of the underprivileged children and families in Nicaragua. Throughout the year 2022, they engage in various activities at churches, schools, and communities in Nicaragua, striving to make a positive impact in the lives of those in need.
Official website here: www.nicaresourcenet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, Score: 69%)
The Nicaragua Resource Network Inc has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement, particularly regarding its accountability and financial transparency. While it demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 97.32%, several policies crucial for governance, such as a conflict of interest policy and a whistleblower policy, are missing, which raises concerns about oversight and operational integrity.
Despite the shortcomings in financial documentation and policy transparency, the organization has an independent board with 100% of its members being independent, which reflects a positive commitment to unbiased governance. The organization's financial health is indicated by a low liabilities to assets ratio of 0.02%, suggesting strong fiscal management in terms of its obligations.
User feedback showcases a positive experience among donors, with one review highlighting the rewarding experience of sponsoring children in Nicaragua, indicating the organization's impactful work on the ground. However, overall governance weaknesses could potentially limit its effectiveness and accountability in the long term.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Nicaragua Resource Network Inc legitimate?
Nicaragua Resource Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nicaragua Resource Network 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:
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Official website here: www.nicaresourcenet.org
What is the mission statement of Nicaragua Resource Network Inc?
The Nicaragua Resource Network Inc's mission is centered around fulfilling Jesus' command to love God and neighbor. This is achieved by dedicating time, talents, and resources to alleviate the spiritual, physical, medical, and educational needs of impoverished children and families in Nicaragua. The organization actively engages in various activities, primarily at Rey Salomon churches, schools, and communities, to address these needs throughout the year 2022.
Official website here: www.nicaresourcenet.org
Who is the CEO of Nicaragua Resource Network Inc?
Coleman Henderson is the President An of Nicaragua Resource Network Inc.
Official website here: www.nicaresourcenet.org
What is the revenue of Nicaragua Resource Network Inc?
Nicaragua Resource Network Inc's revenue in 2022 was $1,431,544.
Official website here: www.nicaresourcenet.org
Who are the executives of Nicaragua Resource Network Inc and what are their salaries?
There 400 volunteers at Nicaragua Resource Network Inc.
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Official website here: www.nicaresourcenet.org
Where can I find the form 990 for Nicaragua Resource Network Inc?
Nicaragua Resource Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nicaresourcenet.org
Learn more at the official website: www.nicaresourcenet.org
Mission Statement of Nicaragua Resource Network Inc
Nicaragua Resource Network Inc, inspired by Jesus' command to love God and one's neighbor, aims to fulfill this mandate by extending time, talents, and resources to address the spiritual, physical, medical, and educational needs of the impoverished children and families in Nicaragua. The organization's mission is to demonstrate love and compassion by addressing the diverse needs of these vulnerable individuals, thereby embodying the spirit of loving one's neighbor as oneself.
In the pursuit of this mission, Nicaragua Resource Network Inc engages in various activities throughout the year at Rey Salomon churches, schools, and communities in Nicaragua. The organization's efforts are multifaceted, encompassing not only spiritual needs but also physical, medical, and educational requirements. By engaging in these activities, Nicaragua Resource Network Inc seeks to make a tangible difference in the lives of the impoverished children and families in Nicaragua, thereby embodying the spirit of love and compassion that underpins its mission.
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Impact
July, 2024
Nicaragua Resource Network Inc's impact can be seen in its dedication to fulfilling Jesus' command to love God and to "love your neighbor as yourself" by addressing the spiritual, physical, medical, and educational needs of the impoverished children and families of Nicaragua. Through its activities at Rey Salomon churches, schools, and communities in Nicaragua for the calendar year 2022, the organization is making a tangible difference in improving the lives of those in need. The focus on holistic support indicates a commitment to sustainable development and empowering individuals and communities to thrive. The organization's work in Nicaragua exemplifies a mission-driven approach to international aid and a commitment to making a positive impact on those it serves.
This information is meant to be a general summary of Nicaragua Resource Network 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.
- Investment Income: $225
- Gross Receipts: $1,431,544
Assets and Liabilities:
- Total Assets: $725,697
- Total Liabilities: $259
- Net Assets: $725,438
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Organization Details
Founding Year
2007
Phone
(317) 374-7451Principal Officer
Coleman Henderson
Main Address
16162 CAREY ROAD, WESTFIELD, IN, 46074
Website
www.nicaresourcenet.orgNTEE Category
Code: Q30 - International
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