Overview
What is Bonne Terre Helping Hand Ministries?
Bonne Terre Helping Hand Ministries is a nonprofit organization located in Bonne Terre, Missouri. Their primary mission is to provide financial assistance to individuals in need within their community. They achieve this goal by operating a thrift store, where donated items are sold. The profits generated from the sales are then utilized to support those struggling with essential expenses such as food, utilities, and gasoline. The organization, with a small team of two employees, is committed to alleviating financial hardships in their local area.
Official website here: www.bonneterrema.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Bonne Terre Helping Hand Ministries has earned a Three-Star rating from Charity Navigator, indicating a moderate level of performance and accountability. The overall score is driven entirely by the accountability and finance beacon, showcasing the organization's strong financial management practices and transparency in its operations, particularly in the fiscal year 2022.
One of the notable strengths of this nonprofit is its board structure, boasting 100% independent board members, which contributes positively to its governance. Additionally, the organization has no material diversion of assets and maintains a healthy liabilities to assets ratio of 0.14%, demonstrating financial stability. They also allocate all of their program expenses wisely, which is a positive indicator of their commitment to fulfilling their mission.
However, the organization has areas that require improvement, particularly concerning the absence of key policies like conflict of interest and whistleblower protections. These missing elements could affect the overall governance and risk management framework of the organization. Despite these limitations, Bonne Terre Helping Hand Ministries shows a dedication to financial accountability, which is crucial for building trust with its donors and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Bonne Terre Helping Hand Ministries legitimate?
Bonne Terre Helping Hand Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bonne Terre Helping Hand 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,995
For more financial information, click here
Official website here: www.bonneterrema.org
What is the mission statement of Bonne Terre Helping Hand Ministries?
Bonne Terre Helping Hand Ministries is dedicated to providing financial assistance to those in need within its surrounding community. This charitable organization carries out its mission by operating a thrift store that sells donated items. The proceeds generated from these sales are then utilized to offer essential aid such as food, utilities, and gasoline to individuals who are currently unable to meet these basic needs on their own. By doing so, Bonne Terre Helping Hand Ministries aims to alleviate some of the hardships faced by those in financial distress, thereby contributing positively to their community.
Official website here: www.bonneterrema.org
Who is the CEO of Bonne Terre Helping Hand Ministries?
David Wiant is the President of Bonne Terre Helping Hand Ministries.
Official website here: www.bonneterrema.org
What is the revenue of Bonne Terre Helping Hand Ministries?
Bonne Terre Helping Hand Ministries's revenue in 2022 was $41,832.
Official website here: www.bonneterrema.org
Who are the executives of Bonne Terre Helping Hand Ministries and what are their salaries?
The average compensation at Bonne Terre Helping Hand Ministries during 2022 was $9,998. There are 2 employees and 15 volunteers at Bonne Terre Helping Hand Ministries.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bonneterrema.org
Where can I find the form 990 for Bonne Terre Helping Hand Ministries?
Bonne Terre Helping Hand Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bonneterrema.org
Learn more at the official website: www.bonneterrema.org
Mission Statement of Bonne Terre Helping Hand Ministries
Bonne Terre Helping Hand Ministries is dedicated to extending a helping hand to those in need within its local community. Their primary mission is to provide financial assistance, acting as a source of support for individuals who find themselves unable to meet their basic necessities, such as food, utility bills, and gasoline expenses. To achieve this objective, the organization operates a thrift store, where donated items are sold. The revenue generated from these sales is then utilized to fulfill the financial needs of those in need, ensuring they can maintain a decent standard of living. In essence, Bonne Terre Helping Hand Ministries serves as a vital lifeline for those facing hardships, offering a much-needed financial cushion during challenging times.
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Impact
August, 2024
Bonne Terre Helping Hand Ministries has a significant impact on the surrounding community by providing crucial financial assistance to those in need. Through their thrift store operations, where donated items are sold, they are able to generate funds that are then used to provide essential resources such as food, utilities, and gasoline to individuals who are unable to afford them. This assistance directly impacts the lives of those facing financial hardship in Bonne Terre, MO, demonstrating a commitment to philanthropy and improving the well-being of the community.
This information is meant to be a general summary of Bonne Terre Helping Hand 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 2022.
- Investment Income: $22
- Program Service Revenue: $41,810
- Gross Receipts: $41,832
Assets and Liabilities:
- Total Assets: $940,652
- Total Liabilities: $1,407
- Net Assets: $939,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF DONATED PROPERTY
Revenue
$40,478
GIFTS - AREA CHURCHES
Revenue
$900
INDIVID BUSINESS CONTRIBUTION
Revenue
$300
REMAINS INCOME
Revenue
$132
Organization Details
Founding Year
1983
Phone
(573) 358-3508Principal Officer
David Wiant
Main Address
P O BOX 221, BONNE TERRE, MO, 636280221
Website
www.bonneterrema.orgNTEE Category
Code: T30 - Philanthropy
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