Overview
What is Wagc Christian Legacy Fund?
The Wagc Christian Legacy Fund is a nonprofit organization based in Willmar, Minnesota, with the primary mission of supporting the Willmar Assembly of God. The fund aims to provide and maintain all necessary real properties for this purpose. Its objective is to establish and maintain a missionary and evangelistic church, promoting the Gospel of Jesus Christ both domestically and internationally. This is achieved by providing a place of worship for the Almighty God and offering Christian fellowship for like-minded individuals, allowing the Holy Ghost to be honored according to their distinctive testimony.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating
The Wagc Christian Legacy Fund has received a low rating of 54%, indicating significant concerns regarding its accountability and financial health. While the organization boasts strong governance practices, including 100% independent board members and the presence of conflict of interest and whistleblower policies, other critical financial metrics raise red flags. Specifically, the charity has reported a 0.00% ratio for both liabilities to assets and program expenses, which suggests that it may not be utilizing its resources effectively for its intended charitable purposes.
The organization does score well in various governance areas, demonstrating a commitment to transparency and ethical practices. All board members are independent, which can help ensure unbiased decision-making. However, the missing tax form on its website and the poor program expense ratio indicate potential issues in financial reporting and operational efficiency, which could undermine donor confidence.
Overall, while the Wagc Christian Legacy Fund has some strong governance practices, the lack of financial transparency and effective allocation of resources can be concerning for potential donors. The low rating serves as a warning sign that further scrutiny is warranted before contributing to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Wagc Christian Legacy Fund legitimate?
Wagc Christian Legacy Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wagc Christian Legacy Fund 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
For more financial information, click here
What is the mission statement of Wagc Christian Legacy Fund?
The Wagc Christian Legacy Fund's mission is centered around establishing and maintaining a missionary and evangelistic church. This church serves to propagate the gospel of Jesus Christ globally, both in the home country and abroad. The primary objective is to provide a place of worship for the Almighty God and to foster Christian fellowship among those sharing the same faith. The Holy Spirit is honored in this fellowship according to the distinctive testimony of the organization.
Who is the CEO of Wagc Christian Legacy Fund?
Gary Bonnema is the Treasurer of Wagc Christian Legacy Fund.
What is the revenue of Wagc Christian Legacy Fund?
Wagc Christian Legacy Fund's revenue in 2022 was -$200,163.
Who are the executives of Wagc Christian Legacy Fund and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wagc Christian Legacy Fund?
Wagc Christian Legacy Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wagc Christian Legacy Fund
The Wagc Christian Legacy Fund is dedicated to achieving a specific mission. This mission involves establishing and maintaining a missionary and evangelistic church, serving as a platform for the propagation of Jesus Christ's gospel. This is carried out through various means, both locally and internationally. The organization also provides a sanctuary for worship, honoring the Almighty God, our Heavenly Father, and fostering a sense of Christian fellowship among those who share the same faith. The distinctive testimony of the Wagc Christian Legacy Fund allows for the Holy Ghost to be revered within this community of believers.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Wagc Christian Legacy Fund plays a pivotal role in establishing and maintaining a missionary and evangelistic church dedicated to the propagation of the Gospel of Jesus Christ. Its impact is evident in both local and foreign missions, facilitating outreach efforts and creating opportunities for worship and fellowship among individuals of like faith.
By providing real properties and resources, the Fund supports the mission of the Willmar Assembly of God, ensuring a dedicated space for community gatherings and spiritual enrichment. This fosters a supportive environment where the teachings of Christianity can flourish, allowing for the promotion of faith and the honoring of the Holy Spirit. Through its commitment to these principles, the Fund strengthens the religious community, encourages outreach, and cultivates a deeper connection among believers.
This information is meant to be a general summary of Wagc Christian Legacy Fund. 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: $1,572
- Gross Receipts: $61,572
Assets and Liabilities:
- Total Assets: $7,359,292
- Total Liabilities: $0
- Net Assets: $7,359,292
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2011
Phone
(320) 664-4171Principal Officer
Gary Bonnema
Main Address
3821 ABBOTT DR, WILLMAR, MN, 56201
NTEE Category
Code: X20 - Religion related
If you are a representative of Wagc Christian Legacy Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.