Overview
What is World Olivet Assembly?
The World Olivet Assembly is a nonprofit organization, specifically an association of churches, based in Dover Plains, New York, with the address 115 Dover Furnace Road. Over the past year, they have made significant strides in expanding their church and missionary networks. This growth includes the establishment of new churches in several regions, such as Europe, the U.S., and the global south. Latin America, South East Asia, and Africa have seen particularly rapid expansion. The recruitment and training of new missionaries have been a top priority, leading to the deployment of several individuals to support these newly formed churches. The mission of the World Olivet Assembly is to spread God's word, help others embrace Jesus Christ, and work towards fulfilling the Great Commission that all believers have received. The organization currently employs a team of 21 individuals.
Official website here: www.worldolivet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning it a Two-Star out of Four Star rating.
World Olivet Assembly has received a mixed review with a 70% rating from Charity Navigator, indicating some strengths in its financial performance but also notable weaknesses in governance and accountability. The organization demonstrates a solid program expense ratio of 66.69%, suggesting a significant portion of its expenditures is directed towards its programs. Additionally, the absence of material diversion of assets and a favorable liabilities to assets ratio highlights its financial stability.
However, the organization has several shortcomings in its governance practices. Key policies such as conflict of interest and whistleblower policies are missing, which raises concerns about transparency and accountability. Moreover, the independent board member structure is weak, with only two independent members, and there is a lack of documentation regarding board meeting minutes and the distribution of tax forms to board members before filing.
Overall, while World Olivet Assembly shows promise in its financial management and funding allocation to programs, the lack of essential governance practices and policies may impact its overall effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is World Olivet Assembly legitimate?
World Olivet Assembly is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Olivet Assembly 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.worldolivet.org
What is the mission statement of World Olivet Assembly?
The World Olivet Assembly is an organization dedicated to religious pursuits, specifically focused on spreading God's word and helping others embrace faith in Jesus Christ. Their mission strives to fulfill the Great Commission bestowed upon all believers. Over the past year, this assembly has seen substantial growth and expansion, with the establishment of new churches and a strengthened missionary network in various regions, including Europe, the US, and the global south. There has been a significant emphasis on recruiting and training new missionaries, leading to the deployment of several individuals to support these newly founded churches.
Official website here: www.worldolivet.org
Who is the CEO of World Olivet Assembly?
Marian Spisak is the Executive Dir. of World Olivet Assembly.
Official website here: www.worldolivet.org
What is the revenue of World Olivet Assembly?
World Olivet Assembly's revenue in 2023 was $17,208,664.
Official website here: www.worldolivet.org
Who are the executives of World Olivet Assembly and what are their salaries?
The average compensation at World Olivet Assembly during 2023 was $3,571. There are 21 employees and 70 volunteers at World Olivet Assembly.
Here are 4 key members and their salaries:
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.worldolivet.org
Where can I find the form 990 for World Olivet Assembly?
World Olivet Assembly's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.worldolivet.org
Learn more at the official website: www.worldolivet.org
Mission Statement of World Olivet Assembly
World Olivet Assembly, an association of churches, is dedicated to spreading the word of God and helping individuals discover their faith in Jesus Christ. In line with the Great Commission, this organization strives to fulfill the mission entrusted to all believers. Over the past year, World Olivet Assembly has made considerable progress in expanding its church and missionary networks.
Notably, there have been successful church establishments in different regions, with a particular emphasis on post-Christian countries in Europe and the global south. These new churches have seen growth in Latin America, South East Asia, and Africa. To support these emerging communities, the recruitment and training of new missionaries have been prioritized, resulting in the deployment of several individuals to these regions.
World Olivet Assembly's primary goal is to share the teachings of God and help people accept Jesus Christ as their savior. By doing so, they aim to fulfill the Great Commission and continue the spread of Christianity. The organization's efforts in church planting and missionary work strengthen their religious network and contribute to the growth of their faith community.
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Impact
October, 2024
World Olivet Assembly has made a significant impact through its extensive church and missionary networks. In the past year, it has initiated new church establishments across multiple regions and focused on strengthening its mission network, particularly in post-Christian countries in Europe and the U.S., while also expanding rapidly in regions such as Latin America, Southeast Asia, and Africa.
The assembly has dedicated considerable resources to the recruitment and training of new missionaries, which has allowed for the effective deployment of individuals to support these newly established churches. This proactive approach aims to proclaim God's word and assist others in coming to faith in Jesus Christ. Additionally, the organization is committed to fulfilling the Great Commission, empowering believers to share their faith and spread religious teachings globally.
This information is meant to be a general summary of World Olivet Assembly. 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 2023.
- Investment Income: $24
- Program Service Revenue: $570,000
- Gross Receipts: $17,208,664
Assets and Liabilities:
- Total Assets: $91,611,996
- Total Liabilities: $42,129,169
- Net Assets: $49,482,827
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Consulting fees
Revenue
$570,000
Organization Details
Founding Year
2012
Principal Officer
Marian Spisak
Main Address
115 Dover Furnace Road, Dover Plains, NY, 12522
Website
www.worldolivet.orgNTEE Category
Code: X90 - Religion related
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