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Lael Ministries Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 431336352 ✦ St louis, MO ✦ Designated as a 501(c)(3)

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Overview

What is Lael Ministries Inc?

Lael Ministries Inc is a nonprofit organization, specifically established to offer financial aid to students and families in need, particularly for educational scholarships and other challenging circumstances. Their primary mission revolves around providing this crucial support, aiming to alleviate financial burdens and ensure access to education for many individuals. The organization's activities are centered around this mission, demonstrating a dedication to uplifting the community through education and financial assistance.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 1-Star out of Four Stars (57%)

Lael Ministries Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is derived entirely from its Accountability & Finance score, which stands at 57%. This rating highlights areas of weakness, particularly the absence of independent board members and several missing governance policies.

The organization has shown a strong program expense ratio of 100%, meaning all its expenses are directed towards its programs. However, it lacks transparency in key areas, as it has not posted required documents on its website, including board meeting minutes and its tax form, which are crucial for public accountability. Additionally, the absence of a whistleblower policy raises concerns about oversight and reporting mechanisms within the organization.

Overall, while Lael Ministries Inc demonstrates effective program spending, its governance structure and lack of publicly available documentation may hinder trust and accountability among potential donors and stakeholders. Improvements in these areas could enhance its rating and public perception significantly.


This AI summary has been generated from information found on Charity Navigator.

Is Lael Ministries Inc legitimate?

Lael Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lael Ministries Inc submitted a form 990EZ, 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.

What is the mission statement of Lael Ministries Inc?

Lael Ministries Inc's mission is centered around providing financial aid. This organization extends its support to students and their families, offering educational scholarships and assisting in addressing various hardship needs. By doing so, Lael Ministries Inc aims to contribute positively to individuals' educational journeys and support them during challenging times. The organization's activities primarily focus on financial assistance, helping to alleviate financial burdens and promote educational opportunities.

Who is the CEO of Lael Ministries Inc?

Holland Anderson is the President of Lael Ministries Inc.

What is the revenue of Lael Ministries Inc?

Lael Ministries Inc's revenue in 2022 was $17,064.

Who are the executives of Lael Ministries Inc and what are their salaries?


Here are 5 key members and their salaries:


Holland Anderson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lyndon Anderson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary G Anderson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Qualls (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Earlene Anderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Lael Ministries Inc?

Lael Ministries Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Lael Ministries Inc

Lael Ministries Inc is an organization committed to providing financial aid to students and families in need. Their mission, in essence, is to offer educational scholarships and assistance for various hardships. This nonprofit aims to alleviate financial burdens, enabling students and families to focus on their educational pursuits and overcome challenges they may be facing. By offering financial assistance, Lael Ministries Inc strives to contribute to the betterment of individuals and their futures.

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Impact




August, 2024

Lael Ministries Inc provides significant impact by offering financial assistance to students and families for educational scholarships and other hardship needs. Through their mission, they contribute towards the educational advancement and alleviate financial burdens for those in need. This assistance helps individuals pursue their academic goals and overcome financial challenges, positively impacting their lives and opportunities for the future.




This information is meant to be a general summary of Lael Ministries 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.

Revenue
$17,064 (2022)
Expenses
$63,164 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $18,794
  • Gross Receipts: $88,867

Assets and Liabilities:

  • Total Assets: $365,721
  • Total Liabilities: $0
  • Net Assets: $365,721

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Organization Details

Principal Officer

Holland Anderson

Main Address

5173 BRYNCASTLE PL, ST LOUIS, MO, 63128

NTEE Category

Code: X20J - Religion related

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