Overview
What is Psalm 119 Association Inc?
Psalm 119 Association Inc, doing business as Woodrow Kroll Ministries, is a nonprofit organization situated in Titusville, Florida. Their primary mission is to connect individuals with the Author of the Bible through the teaching of the Bible. They firmly believe in the significance of God's Word, the growth of God's people, and are grateful for the generosity of God's goodness. The main Woodrow Kroll ministry is the Helios Projects, which aims to distribute a Bible and Christian faith education to pastors worldwide who lack adequate Bible or theology training, reaching approximately 95% of pastors globally. The organization currently employs a team of two individuals.
Official website here: www.wkministries.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating.
Psalm 119 Association Inc has received a Two-Star rating, reflecting some strengths but also notable areas for improvement. The organization excels in its Culture & Community and Leadership & Adaptability scores, both rated at 100, indicating a strong commitment to fostering a positive organizational culture and effective leadership practices. The board is primarily independent, which enhances governance practices, and the organization has established various policies that support accountability and transparency.
However, the Accountability & Finance score is lower at 56, with specific concerns regarding financial ratios. The program expense ratio stands at 35.94%, suggesting that a relatively small portion of its expenses is directed toward its programs. Additionally, the liabilities to assets ratio is notably low at 0.37%, which could raise questions about financial sustainability. While the organization has robust feedback collection and usage practices, the financial management aspects may need further attention to improve overall efficacy and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Psalm 119 Association Inc legitimate?
Psalm 119 Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Psalm 119 Association 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: $141,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wkministries.com
What is the mission statement of Psalm 119 Association Inc?
The Psalm 119 Association Inc, in association with Woodrow Kroll Ministries, exists with the aim of connecting individuals with the Author of the Bible. They are deeply convinced of the greatness of God's Word and its significance in the growth of God's people. The primary ministry under this association is the Helios Projects, which strives to put a Bible and Christian faith education into the hands of the majority of pastors worldwide who lack adequate Bible or theology training.
Official website here: www.wkministries.com
Who is the CEO of Psalm 119 Association Inc?
Timothy Kroll is the President of Psalm 119 Association Inc.
Official website here: www.wkministries.com
What is the revenue of Psalm 119 Association Inc?
Psalm 119 Association Inc's revenue in 2023 was $700,815.
Official website here: www.wkministries.com
Who are the executives of Psalm 119 Association Inc and what are their salaries?
The average compensation at Psalm 119 Association Inc during 2023 was $70,584. There are 2 employees and 3 volunteers at Psalm 119 Association Inc.
Here are 9 key members and their salaries:
- Compensation: $93,536
- Related: $93,536
- Other: $0
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- Other: $0
Official website here: www.wkministries.com
Where can I find the form 990 for Psalm 119 Association Inc?
Psalm 119 Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wkministries.com
Learn more at the official website: www.wkministries.com
Mission Statement of Psalm 119 Association Inc
Psalm 119 Association Inc, in collaboration with Woodrow Kroll Ministries, is committed to bridging individuals with the Author of the Bible through the teaching of the Bible. They are deeply convinced of the significance of God's Word, its impact on spiritual growth, and the blessings that stem from God's generosity. The primary ministry under this association is the Helios Projects. The Helios Projects aim to place a Bible and Christian faith education into the hands of the majority of pastors worldwide who currently lack sufficient Bible or theology training. This initiative is driven by a desire to equip these pastors, thereby strengthening their ability to serve their communities effectively.
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Impact
July, 2024
Psalm 119 Association Inc, also known as Woodrow Kroll Ministry, has a significant impact in connecting people with the Author of the Bible through the teaching of the Bible. Their primary ministry, the Helios Projects, aims to provide Bible and Christian faith education to pastors worldwide who have little to no Bible or theology training. By addressing this need, Psalm 119 Association Inc is helping to equip pastors to better serve their congregations and deepen their understanding of scripture. Through their work, they are contributing to the growth and development of God's people and spreading the message of the Bible to a broader audience.
This information is meant to be a general summary of Psalm 119 Association 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 2023.
- Investment Income: $6,808
- Program Service Revenue: $685,051
- Gross Receipts: $892,245
Assets and Liabilities:
- Total Assets: $2,175,443
- Total Liabilities: $8,174
- Net Assets: $2,167,269
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HELIOS PROJECTS
Revenue
$172,343
HELIOS MINISTRY
Revenue
$510,950
HELIOS BOOK SALES
Revenue
$5,464
HELIOS COST OF GOODS SOLD
Revenue
-$3,706
Organization Details
Founding Year
2013
Phone
(833) 225-5956Principal Officer
Timothy Kroll
Main Address
PO BOX 2013, Titusville, FL, 32781
Website
www.wkministries.comNTEE Category
Code: X20 - Religion related
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