Overview
What is Universidad Teologica La Palabra Inc?
UniversidadTeologica La Palabra Inc, located in New York City, is a nonprofit organization dedicated to educating and preparing individuals for leadership roles in various ministries worldwide. With a focus on the "whole body of Christ churches," they offer advanced training through their International Bible Institute, which is renowned for providing high-level education to church leaders and ministers seeking recognition. Recently, 12 new students joined the institution, while 20 existing students progressed to higher levels. The organization's headquarters can be found at 535FIFTH AVENUE STE 4 FLR, New York, NY 10117.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (66%)
Universidad Teologica La Palabra Inc has received a Two-Star rating from Charity Navigator, indicating that the organization is in need of improvement. With an overall score of 66%, the nonprofit demonstrates strong performance in areas such as having a majority independent board and solid policies regarding conflicts of interest and document retention. These strengths suggest a level of transparency and governance that is commendable.
However, the organization faces challenges in its financial health, particularly with a liabilities to assets ratio of 64.09% and a program expense ratio of 62.38%. These figures indicate that a significant portion of its assets are tied up in liabilities, which could limit its operational flexibility and long-term sustainability. This financial performance is a crucial area needing attention to improve overall effectiveness.
Despite the noted limitations in financial ratios, the strong governance practices reflect a commitment to accountability. Addressing the financial concerns could enhance the organization's stability and capacity to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Universidad Teologica La Palabra Inc legitimate?
Universidad Teologica La Palabra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Universidad Teologica La Palabra 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 Universidad Teologica La Palabra Inc?
Universidad Teologica La Palabra Inc is dedicated to equipping and training men and women for leadership roles in various Christian ministries globally. Their primary tool for this is the International Bible Institute, which offers advanced training for individuals seeking to serve in church and ministry leadership positions with recognition. The institution has seen the advancement of 20 students to higher levels and the registration of 12 new students. Their mission is to contribute to the development of competent leaders who can effectively serve the diverse Christian communities worldwide.
Who is the CEO of Universidad Teologica La Palabra Inc?
Carlos Contreras is the Senior Director of Universidad Teologica La Palabra Inc.
What is the revenue of Universidad Teologica La Palabra Inc?
Universidad Teologica La Palabra Inc's revenue in 2022 was $48,700.
Who are the executives of Universidad Teologica La Palabra Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Universidad Teologica La Palabra Inc?
Universidad Teologica La Palabra Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Universidad Teologica La Palabra Inc
Universidad Teologica La Palabra Inc is dedicated to preparing individuals for leadership roles within various Christian churches and ministries, both locally and internationally. Through their International Bible Institute, they offer advanced training to aspiring church leaders who seek recognition in their respective fields. The organization's mission is centered around equipping both men and women with the necessary skills and knowledge to effectively serve in various leadership positions within the broader Christian community.
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Impact
August, 2024
The impact of Universidad Teologica La Palabra Inc is significant in providing educational opportunities in theology and related fields. Its mission to offer theological education contributes to the personal and academic growth of individuals seeking to deepen their understanding of faith and spirituality. By offering courses and programs in this field, the university helps to prepare students for leadership roles within religious communities and beyond. Overall, Universidad Teologica La Palabra Inc plays a vital role in fostering knowledge and promoting engagement with theological concepts.
This information is meant to be a general summary of Universidad Teologica La Palabra 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.
- Program Service Revenue: $48,700
- Gross Receipts: $48,700
Assets and Liabilities:
- Total Assets: $15,725
- Total Liabilities: $15,800
- Net Assets: -$75
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION UNDERGRAD EDUC
Revenue
$22,400
TUITION GRAD EDUCATION
Revenue
$26,300
Organization Details
Founding Year
2012
Principal Officer
Carlos Contreras
Main Address
535FIFTH AVENUE STE 4 FLR, New York, NY, 10117
NTEE Category
Code: B40 - Education
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