Overview
What is New Testament Church Planting?
New Testament Church Planting is a nonprofit organization that offers financial aid to new church establishments by providing low-interest loans. They lend at a rate of 3% and expect repayment within a five-year period. Additionally, they dispatch 15 missionary workers to aid in construction and other necessities of the newly formed churches. This organization supports the growth and development of new religious communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating. This rating is primarily derived from the Accountability & Finance beacon, indicating significant concerns regarding governance practices within New Testament Church Planting.
The organization has received commendations for maintaining zero material diversion of assets and has a strong program expense ratio of 100%. However, notable weaknesses include a complete lack of independent board members, which raises potential conflicts of interest. Additionally, missing policies related to whistleblowing and document retention could suggest inadequate governance measures.
The absence of a website linked on their tax form and inadequate board member independence indicate areas for improvement. While the charity demonstrates fiscal responsibility, enhancing its governance framework could improve transparency and trust with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is New Testament Church Planting legitimate?
New Testament Church Planting is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Testament Church Planting 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: $0
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What is the mission statement of New Testament Church Planting?
New Testament Church Planting's mission involves providing financial assistance to newly established churches through low-interest loans, with a repayment period of five years. The organization also extends its support by deploying 15 missionary workers to help with the construction and other needs of these new churches, aiming to aid in their successful establishment.
Who is the CEO of New Testament Church Planting?
Randall Moody is the President of New Testament Church Planting.
What is the revenue of New Testament Church Planting?
New Testament Church Planting's revenue in 2022 was $105,744.
Who are the executives of New Testament Church Planting and what are their salaries?
There 10 volunteers at New Testament Church Planting.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for New Testament Church Planting?
New Testament Church Planting's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Testament Church Planting
New Testament Church Planting, as an organization, is committed to providing financial assistance to new church plants through low-interest loans. With a lending rate of 3%, they offer flexible repayment terms within a five-year period. Beyond financial aid, the organization deploys 15 missionary workers to support newly established churches by assisting with construction and other necessary tasks. By offering both financial and practical assistance, New Testament Church Planting contributes to the growth and establishment of new churches, thereby expanding the reach of religious communities and fostering spiritual growth.
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Impact
October, 2024
New Testament Church Planting significantly impacts communities by providing essential financial support and resources for new church plants. By offering loans at a low interest rate of 3% with a manageable repayment period of five years, they enable emerging congregations to establish themselves without the burden of overwhelming debt. This financial assistance is critical in helping new churches cover initial expenses, which can include facility construction, renovation, and operational costs.
In addition to financial support, New Testament Church Planting deploys 15 missionary workers to assist with construction and other vital needs of newly established churches. This hands-on support not only helps expedite the building process but also fosters a sense of community and collaboration among congregants. The presence of these missionary workers can create a strong foundation for new churches by providing guidance and mentorship, ensuring their successful integration into the community.
Overall, the impact of New Testament Church Planting extends beyond mere financial assistance; it cultivates thriving church communities that contribute to the spiritual and social fabric of their neighborhoods. By facilitating the growth of new congregations, they help spread their religious mission, promote community engagement, and address local needs, ultimately transforming lives and communities for the better.
This information is meant to be a general summary of New Testament Church Planting. 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: $859
- Gross Receipts: $105,744
Assets and Liabilities:
- Total Assets: $191,296
- Total Liabilities: $0
- Net Assets: $191,296
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Organization Details
Founding Year
1991
Principal Officer
Randall Moody
Main Address
PO BOX 6393, Springfield, MO, 65801
NTEE Category
Code: X21Z - Religion related
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