Overview
What is Cord Ministries International?
Cord Ministries International is a nonprofit organization located in Littleton, Colorado. Their primary mission is to support independent missionaries working in various countries such as the USA, Thailand, Honduras, the Czech Republic, Kenya, and Nigeria. By acting as a sending organization, they enable these individuals to carry out their God-appointed ministries. Additionally, they serve as a funding conduit for missionaries, education, and social care projects conducted under Jesus Christ's name. With a small team of five employees, they partner with missionaries across the globe, facilitating their work and contributing to various projects.
Official website here: www.cordmin.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star Rating
Cord Ministries International has received a strong rating of 95% from Charity Navigator, reflecting its commitment to accountability and financial health. This rating is based entirely on a single beacon score, showcasing the organization's exemplary management of finances. With a perfect score in categories such as independent board members and financial oversight, Cord Ministries demonstrates a high level of transparency and ethical governance.
The organization boasts a remarkable program expense ratio of 82.67%, indicating that a significant majority of its funds are directed towards its mission-driven programs rather than administrative or fundraising costs. The absence of liabilities to assets reinforces its financial stability, while the fundraising efficiency ratio of $0.00 suggests effective fundraising practices that do not incur additional costs.
However, the working capital ratio of 0.43 years indicates that the organization may have limited financial reserves to cover short-term liabilities. While this is not uncommon for nonprofits, it may suggest a need for careful financial planning to ensure sustainability. Overall, Cord Ministries International's financial health and governance practices position it as a trustworthy nonprofit in its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Cord Ministries International legitimate?
Cord Ministries International is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cord Ministries International 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: $67,371
Professional Fundraising Fees: $0
Other Salaries and Wages: $166,169
For more financial information, click here
Official website here: www.cordmin.org
What is the mission statement of Cord Ministries International?
Cord Ministries International's mission is centered around facilitating God-appointed ministries. They act as a sending organization for independent missionaries, providing support for their work both financially and in the form of a funding conduit. This support extends to various mission fields and projects, all carried out in the name of Jesus Christ. The organization also plays a significant role in funding education and social care projects. By partnering with individual missionaries, Cord Ministries aids in raising support for their work, which spans across various locations including the USA, Thailand, Honduras, Czech Republic, Kenya, and Nigeria.
Official website here: www.cordmin.org
Who is the CEO of Cord Ministries International?
Michael Ullrich is the Chairman Exec Dir of Cord Ministries International.
Official website here: www.cordmin.org
What is the revenue of Cord Ministries International?
Cord Ministries International's revenue in 2022 was $1,746,817.
Official website here: www.cordmin.org
Who are the executives of Cord Ministries International and what are their salaries?
The average compensation at Cord Ministries International during 2022 was $46,708. There are 5 employees at Cord Ministries International.
Here are 8 key members and their salaries:
- Compensation: $52,204
- Related: $0
- Other: $0
- Compensation: $5,167
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cordmin.org
Where can I find the form 990 for Cord Ministries International?
Cord Ministries International's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cordmin.org
Learn more at the official website: www.cordmin.org
Mission Statement of Cord Ministries International
Cord Ministries International is dedicated to facilitating God-appointed ministry by serving as a sending organization for independent missionaries and acting as a funding conduit for various missionary, educational, and social care projects carried out in the name of Jesus Christ. The organization partners with individual missionaries to raise support for their work on mission fields across the United States, Thailand, Honduras, Czech Republic, Kenya, and Nigeria. By doing so, Cord Ministries International enables these missionaries to spread the message of Christianity and make a positive impact in their respective communities. The organization's mission is centered around empowering and supporting these independent missionaries in their God-given callings, thus furthering the reach of Christianity and positively impacting lives worldwide.
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Impact
July, 2024
Cord Ministries International has had a significant impact by facilitating God-appointed ministry through independent missionaries around the world. By acting as a sending organization and funding conduit, Cord Ministries has enabled individuals to carry out mission work in the USA, Thailand, Honduras, Czech Republic, Kenya, and Nigeria in the name of Jesus Christ. Their partnerships with missionaries have helped raise support for their work, leading to positive outcomes in education, social care projects, and spreading the message of faith.
This information is meant to be a general summary of Cord Ministries International. 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: $653
- Gross Receipts: $1,746,817
Assets and Liabilities:
- Total Assets: $707,393
- Total Liabilities: $0
- Net Assets: $707,393
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Organization Details
Founding Year
2011
Principal Officer
Michael Ullrich
Main Address
PO BOX 620760, Littleton, CO, 801620760
Website
www.cordmin.orgNTEE Category
Code: X12 - Religion related
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