Overview
What is The Foundation For Called Workers?
The Foundation For Called Workers is a nonprofit organization situated in Fenton, Missouri, specifically at 631 Winter View Circle. Their primary mission is to grant financial assistance to 52 individuals, known as "called workers," who are part of the Lutheran Church Missouri Synod (LCMS). These grants are intended to help alleviate educational loan burdens. The Foundation plays a crucial role in supporting these individuals, contributing to their professional development and overall well-being within the LCMS.
Official website here: www.ministryfocus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Foundation For Called Workers has achieved a Three-Star rating from Charity Navigator, reflecting an overall score of 76%. This rating is derived entirely from its Accountability & Finance score, which is also 76%. The organization has demonstrated a strong commitment to accountability, as evidenced by the presence of a majority independent board and a favorable liabilities to assets ratio of 0.00%, indicating solid financial health.
Strengths of the organization include a high program expense ratio of 97.75%, suggesting that most of its resources are directed towards its programs rather than administrative costs. Additionally, the board is entirely independent, with 7 members, and there have been no material diversions of assets reported, showcasing responsible governance practices. The charity's website is also listed on its tax form, adding to its transparency.
However, there are notable limitations in the foundation's policies. It lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could affect its overall accountability. These missing elements have negatively impacted its score in those specific areas and highlight an opportunity for improvement in governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation For Called Workers legitimate?
The Foundation For Called Workers is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For Called Workers 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: $22,603
For more financial information, click here
Official website here: www.ministryfocus.org
What is the mission statement of The Foundation For Called Workers?
The Foundation for Called Workers' mission is centered around providing assistance to called workers of the Lutheran Church Missouri Synod (LCMS). Specifically, the foundation grants funds to aid in the repayment of educational loans. This initiative aims to alleviate financial burdens and support individuals who are dedicated to serving within the LCMS. By providing this financial relief, the foundation enables these called workers to focus on their roles within the church, ultimately contributing to its growth and development.
Official website here: www.ministryfocus.org
What is the revenue of The Foundation For Called Workers?
The Foundation For Called Workers's revenue in 2024 was $1,496,951.
Official website here: www.ministryfocus.org
Who are the executives of The Foundation For Called Workers and what are their salaries?
The average compensation at The Foundation For Called Workers during 2024 was $22,603. There is 1 employee and 9 volunteers at The Foundation For Called Workers.
Here are 8 key members and their salaries:
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Official website here: www.ministryfocus.org
Where can I find the form 990 for The Foundation For Called Workers?
The Foundation For Called Workers's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ministryfocus.org
Learn more at the official website: www.ministryfocus.org
Mission Statement of The Foundation For Called Workers
The Foundation for Called Workers, a non-profit organization, is committed to granting financial aid to called workers within the Lutheran Church Missouri Synod (LCMS). Its primary mission is to assist these individuals by providing aid towards the repayment of their educational loans. By doing so, the foundation aims to alleviate some of the financial burden that these dedicated individuals may face, enabling them to focus more on their vital roles within the church. The organization has granted aid to 52 such called workers, demonstrating its dedication to supporting the education and professional development of these individuals.
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Impact
August, 2024
The Foundation For Called Workers makes a significant impact by providing grants to 52 called workers of the Lutheran Church Missouri Synod (LCMS) to assist with educational loan payments. This support helps alleviate financial burdens for these individuals, allowing them to focus on their important work within the church community.
This information is meant to be a general summary of The Foundation For Called Workers. 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 2024.
- Investment Income: $14,430
- Gross Receipts: $1,496,951
Assets and Liabilities:
- Total Assets: $187,119
- Total Liabilities: $1
- Net Assets: $187,118
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Organization Details
Founding Year
2013
Principal Officer
Kenneth Krueger
Website
www.ministryfocus.orgNTEE Category
Code: X20 - Religion related
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