Overview
What is Catalyst Ministries Inc?
Catalyst Ministries Inc, based in Patchogue, New York, is a nonprofit organization with a mission to spark a deep-rooted passion for Christianity in people. In 2021, they sold their 110-acre retreat property in Putnam County. The following year, they organized five Culture Nights for teenagers in the homes of their board members. Moreover, Catalyst Ministries presented a comprehensive 13-week parenting course. Their activities and mission remain focused on fostering a connection with faith.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 16%
Catalyst Ministries Inc received a low score of 16% from Charity Navigator, which translates to a Zero-Star out of Four Star rating. This rating highlights significant concerns regarding the charity's accountability and financial practices. The absence of independent board members and missing key policies such as conflict of interest and whistleblower protections are major factors contributing to its low rating.
The organization has demonstrated some positive aspects, such as having no material diversion of assets and maintaining records of board meeting minutes. However, the overall financial health is concerning, with a program expense ratio of only 41.17%, suggesting that a smaller portion of its resources is directed towards its programs compared to administrative or other expenses.
In summary, Catalyst Ministries Inc faces challenges in governance and transparency, which potential donors should consider. The charity's lack of essential policies and independent oversight may limit its effectiveness and accountability in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Catalyst Ministries Inc legitimate?
Catalyst Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catalyst Ministries 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Catalyst Ministries Inc?
Catalyst Ministries Inc's mission is centered around stirring a fervent love for Christ in individuals. The organization strives to accomplish this mission by igniting a passion for faith in people. While the provided information does not detail specific activities or strategies to achieve this goal, it is clear that Catalyst Ministries Inc is dedicated to fostering spiritual growth. In 2021, the organization sold its 110-acre retreat property, and in 2022, it hosted Culture Nights for teenagers in the homes of its board members. Additionally, Catalyst Ministries Inc presented a 13-week parenting course, further indicating its commitment to supporting and guiding its community.
Who is the CEO of Catalyst Ministries Inc?
Patrick Mcnally is the Board Member of Catalyst Ministries Inc.
What is the revenue of Catalyst Ministries Inc?
Catalyst Ministries Inc's revenue in 2022 was $4,217.
Who are the executives of Catalyst Ministries Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Catalyst Ministries Inc?
Catalyst Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Catalyst Ministries Inc
Catalyst Ministries Inc, a nonprofit organization, is committed to sparking a deep-seated passion for Christianity in individuals. Their mission is centered around igniting a spiritual fervor within people, encouraging a stronger connection with their faith. Despite selling its 110-acre retreat property in Putnam County in 2021, Catalyst Ministries Inc continued to engage with the community. In 2022, they hosted five Culture Nights for teenagers in the homes of their board members, providing an intimate setting for spiritual exploration and fellowship. Furthermore, the organization offered a comprehensive 13-week parenting course, aiming to equip parents with valuable tools and insights to foster strong, nurturing relationships with their children.
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Impact
August, 2024
Catalyst Ministries Inc has been actively engaging individuals in Patchogue, NY, to ignite a passion for Christ. In 2022, the organization hosted five culture nights for teenagers in the homes of its board members. Additionally, they presented a 13-week parenting course, showcasing their commitment to fostering spiritual growth and community engagement. Through their initiatives, Catalyst Ministries is making a meaningful impact on individuals by nurturing their relationship with Christ and providing valuable resources for personal and spiritual development.
This information is meant to be a general summary of Catalyst 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $4,217
Assets and Liabilities:
- Total Assets: $795,196
- Total Liabilities: $224
- Net Assets: $794,972
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Organization Details
Founding Year
2003
Principal Officer
Patrick Mcnally
Main Address
16 PATRICIA ROAD, PATCHOGUE, NY, 11772
NTEE Category
Code: X20 - Religion related
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