Overview
What is Freeway Ministries Inc?
Freeway Ministries Inc, located in Springfield, Missouri, is a nonprofit organization with a mission to assist individuals who have faced challenges such as incarceration and addiction, enabling them to rebuild their lives. Their work encompasses providing discipleship houses where individuals can learn essential life skills, including budgeting and responsibility, with the ultimate goal of becoming self-sufficient members of society. Additionally, Freeway Ministries extends its reach by sharing the Gospel and implementing programs and services to mend broken lives, thereby extending a helping hand to those often overlooked by society. The organization currently employs 9 individuals.
Official website here: www.freeway-ministries.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
Freeway Ministries Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain areas of accountability and finance. The organization scored a commendable 73% overall, showcasing strengths such as a fully independent board with no material diversion of assets. These elements reflect positively on the governance and integrity of the charity.
However, the organization has notable limitations that have impacted its rating. The absence of a whistleblower policy and a document retention and destruction policy are significant gaps in their governance practices. Additionally, the charity has not posted its tax form on its website, which is a transparency issue that could affect public trust.
Despite these weaknesses, Freeway Ministries Inc demonstrates strong financial management with a program expense ratio of 100%, indicating that all of its expenses are directed towards its programs. Their liabilities to assets ratio is also favorable at 5.89%, suggesting sound financial health. Continued efforts to address governance policies could enhance their rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Freeway Ministries Inc legitimate?
Freeway Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freeway 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: $186,044
For more financial information, click here
Official website here: www.freeway-ministries.com
What is the mission statement of Freeway Ministries Inc?
Freeway Ministries Inc's mission is centered around sharing the gospel and reaching out to individuals who are often overlooked. Their primary goal is to mend broken lives by providing programs and services. They operate discipleship houses, which serve as learning platforms for men and women, enabling them to acquire essential life skills, repair damaged relationships, and transition into productive members of society. The organization aims to provide responsibilities to individuals who may struggle to get back on their feet, such as those recently released from incarceration or recovering from addiction. In addition, Freeway Ministries assists these individuals in finding employment where necessary.
Official website here: www.freeway-ministries.com
Who is the CEO of Freeway Ministries Inc?
Michael Aye is the President of Freeway Ministries Inc.
Official website here: www.freeway-ministries.com
What is the revenue of Freeway Ministries Inc?
Freeway Ministries Inc's revenue in 2022 was $1,007,672.
Official website here: www.freeway-ministries.com
Who are the executives of Freeway Ministries Inc and what are their salaries?
The average compensation at Freeway Ministries Inc during 2022 was $20,672. There are 9 employees at Freeway Ministries Inc.
Here are 6 key members and their salaries:
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Official website here: www.freeway-ministries.com
Where can I find the form 990 for Freeway Ministries Inc?
Freeway Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.freeway-ministries.com
Learn more at the official website: www.freeway-ministries.com
Mission Statement of Freeway Ministries Inc
Freeway Ministries Inc is committed to sharing the gospel and reaching out to individuals who may find it challenging to rebuild their lives. The nonprofit organization achieves this mission by offering disciplship houses. These houses serve as a platform for men and women to learn essential life skills and mend broken relationships, ultimately transforming them into productive members of society. Freeway Ministries' mission is to provide opportunities for individuals who may be recently incarcerated, recovering from addiction, or in need of a fresh start. Within these disciplship houses, individuals learn responsibility, budgeting, and other crucial life skills, equipping them with the tools necessary to succeed independently. Furthermore, Freeway Ministries assists these individuals in finding employment where necessary, thereby empowering them on their journey towards self-sufficiency.
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Impact
July, 2024
Freeway Ministries Inc has a profound impact on individuals who are in need of a fresh start. By offering discipleship houses and programs aimed at helping those recovering from addiction and re-entering society after incarceration, Freeway Ministries plays a crucial role in rebuilding lives. Their mission of sharing the gospel and providing practical support helps mend broken relationships, teaches essential life skills, and fosters responsibility among participants. Through their efforts, Freeway Ministries enables men and women to become productive members of society and offers hope for a better future.
This information is meant to be a general summary of Freeway 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.
- Investment Income: $640
- Program Service Revenue: $976,951
- Gross Receipts: $1,007,672
Assets and Liabilities:
- Total Assets: $2,976,299
- Total Liabilities: $175,496
- Net Assets: $2,800,803
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OFFERINGS
Revenue
$573,786
DONATIONS
Revenue
$212,938
DISCIPLESHIP HOUSE
Revenue
$92,972
T-SHIRT
Revenue
$23,055
LEASE INCOME
Revenue
$74,200
Organization Details
Founding Year
2012
Principal Officer
Michael Aye
Main Address
PO BOX 8655, SPRINGFIELD, MO, 658018655
Website
www.freeway-ministries.comNTEE Category
Code: X20 - Religion related
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