Overview
What is Abounding In Faith Inc?
Abounding In Faith Inc is a nonprofit organization situated in Winter Haven, Florida. With a focus on supporting low-income families, they have established operations to provide high-quality childcare services. Their mission is centered around catering to the needs of children within these families, enabling their parents to maintain employment. With a team of 11 dedicated individuals, Abounding In Faith Inc offers a nurturing environment for children, enabling their parents to pursue work opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Abounding In Faith Inc has received a low rating of 52%, reflecting significant concerns regarding its accountability and financial transparency. While the organization benefits from having a fully independent board, it scores poorly in critical areas such as financial statement availability and the presence of essential policies like conflict of interest and whistleblower protections.
The charity does excel in program expense efficiency, as it has allocated 100% of its expenses toward programs. However, the lack of available financial statements and missing documentation on its website raises questions about its overall financial health and governance practices. Additionally, the liabilities to assets ratio of 77.62% indicates a concerning level of liabilities compared to its assets, which may impact sustainability in the long run.
Overall, while Abounding In Faith Inc has strengths in independent governance and program spending, the significant gaps in financial reporting and policy implementation suggest a need for improvements to enhance accountability and transparency to its donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Abounding In Faith Inc legitimate?
Abounding In Faith Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abounding In Faith 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: $145,240
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,177
For more financial information, click here
What is the mission statement of Abounding In Faith Inc?
Abounding In Faith Inc is dedicated to providing childcare services for children from low-income families. The organization's mission is to enable the parents of these children to work by offering reliable and quality childcare services. By setting up its operations in this manner, Abounding In Faith Inc aims to contribute positively to the lives of these families, ensuring that the children are well-cared for while their parents focus on earning a livelihood. The organization's efforts are instrumental in promoting family stability and improving the overall living conditions of low-income families.
Who is the CEO of Abounding In Faith Inc?
Katina L Campbell is the President of Abounding In Faith Inc.
What is the revenue of Abounding In Faith Inc?
Abounding In Faith Inc's revenue in 2022 was $800,339.
Who are the executives of Abounding In Faith Inc and what are their salaries?
The average compensation at Abounding In Faith Inc during 2022 was $20,765. There are 11 employees at Abounding In Faith Inc.
Here are 4 key members and their salaries:
- Compensation: $141,678
- Related: $0
- Other: $0
- Compensation: $3,562
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Abounding In Faith Inc?
Abounding In Faith Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Abounding In Faith Inc
Abounding in Faith Inc, a nonprofit organization, is dedicated to providing childcare services for children from low-income families. This mission is aimed at enabling the parents of these children to pursue employment opportunities. The organization has established operations specifically tailored to cater to this need, thereby offering a valuable service to the community. By providing childcare, Abounding in Faith Inc contributes to the overall well-being of low-income families, enabling them to maintain a stable income and, in turn, improve their living conditions. The organization's mission is a testament to its commitment to supporting families in need, thereby contributing to a stronger and more inclusive community.
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Impact
July, 2024
Abounding In Faith Inc has made a significant impact by providing childcare services to children of low-income families in Winter Haven, FL. This essential service enables parents to work by ensuring their children are well cared for in a safe and nurturing environment. By addressing the childcare needs of low-income families, Abounding In Faith Inc is helping to support the economic empowerment and stability of these families. The organization's mission to provide childcare services is crucial in ensuring that all children have access to quality care, regardless of their family's financial situation. Through their work, Abounding In Faith Inc is making a difference in the lives of both children and parents in the community.
This information is meant to be a general summary of Abounding In Faith 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: $793,783
- Gross Receipts: $800,339
Assets and Liabilities:
- Total Assets: $1,500,516
- Total Liabilities: $1,144,965
- Net Assets: $355,551
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILDCARE
Revenue
$793,783
Organization Details
Founding Year
2012
Principal Officer
Katina L Campbell
Main Address
PO BOX 7476, Winter Haven, FL, 33883
NTEE Category
Code: P33 - Human services
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