Overview
What is Catalyst Ministries?
Catalyst Ministries is a compassionate nonprofit organization situated in Bloomington, Illinois. Their primary mission is to extend aid and support to women who have endured harrowing experiences of human trafficking, severe abuse, and exploitation. With a dedicated team of nine individuals, they strive to provide these survivors with the necessary resources and assistance they require to rebuild their lives. The organization's activities are centered around rescuing and reaching out to these women, offering them a pathway towards restoration and hope.
Official website here: www.catalystministries.net/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Catalyst Ministries has achieved a solid Three-Star rating with an overall score of 86%, primarily reflecting its strong performance in the Accountability & Finance category. This score indicates a commitment to transparency and responsible financial management, as evidenced by a fully independent board of directors and effective oversight measures, such as an audit committee.
The organization excels in several key areas, with a 100% rating for independent board members and no material diversion of assets, which suggests a robust governance structure. Additionally, it has a favorable liabilities to assets ratio of 47.62%, indicating that it is managing its debts well compared to its assets. However, it should be noted that Catalyst Ministries is missing a whistleblower policy, which could affect its overall accountability framework.
While the charity demonstrates a strong program expense ratio of 64.81%, indicating that a significant portion of its expenses goes directly toward its programs, there is room for improvement in this area as well. The absence of a whistleblower policy may be a concern for potential donors looking for comprehensive accountability measures. Overall, Catalyst Ministries shows a solid foundation and commitment to its mission, but addressing identified gaps could enhance its overall effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Catalyst Ministries?
100% of 8 reviewers on Facebook recommend Catalyst Ministries. Here is a summary of their reviews:
Many users express their appreciation for the community aspect of the ministry, highlighting its importance to the local area. The positive atmosphere is frequently mentioned as a key element that enhances the overall experience. Additionally, the quality of the coffee served has received compliments, further adding to the enjoyment of visiting.
Overall, the sentiment surrounding Catalyst Ministries is overwhelmingly positive, with patrons valuing both the services offered and the welcoming environment created by the organization.
This AI summary has been generated from reviews found on Facebook.
Is Catalyst Ministries legitimate?
Catalyst Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catalyst Ministries 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: $41,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,278
For more financial information, click here
Official website here: www.catalystministries.net/
What is the mission statement of Catalyst Ministries?
Catalyst Ministries is dedicated to aiding women who have endured the traumatic experiences of human trafficking, extreme abuse, and exploitation. Their mission is centered around rescuing and reaching out to these survivors, offering them support and assistance during their recovery process. The organization strives to provide a safe environment and resources to help these women rebuild their lives and regain their dignity. They believe in offering holistic support, addressing both the physical and emotional needs of the survivors. Through their efforts, Catalyst Ministries aims to empower these women to overcome their past and move forward towards a brighter future.
Official website here: www.catalystministries.net/
Who is the CEO of Catalyst Ministries?
Julie Ryan is the Chairman of Catalyst Ministries.
Official website here: www.catalystministries.net/
What is the revenue of Catalyst Ministries?
Catalyst Ministries's revenue in 2022 was $572,231.
Official website here: www.catalystministries.net/
Who are the executives of Catalyst Ministries and what are their salaries?
The average compensation at Catalyst Ministries during 2022 was $14,227. There are 9 employees and 50 volunteers at Catalyst Ministries.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $41,769
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.catalystministries.net/
Where can I find the form 990 for Catalyst Ministries?
Catalyst Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.catalystministries.net/
Learn more at the official website: www.catalystministries.net/
Mission Statement of Catalyst Ministries
Catalyst Ministries, a nonprofit organization, is committed to rescuing and reaching out to women who have survived human trafficking, extreme abuse, and exploitation. Their mission is to extend a helping hand to these vulnerable women, offering them a path towards healing and recovery. The organization's primary objective is to provide support and resources to these survivors, enabling them to rebuild their lives with dignity and hope. By focusing on this crucial mission, Catalyst Ministries aims to make a significant impact in the lives of these women, offering them a chance at a brighter future.
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Impact
July, 2024
Catalyst Ministries has a profound impact on the lives of women who are survivors of human trafficking, extreme abuse, and exploitation. Through their dedicated efforts, they are able to rescue and provide crucial support to these women, helping them rebuild their lives and empowering them to move forward with hope and dignity. Their work makes a significant difference in the lives of these vulnerable individuals, offering them a chance for healing and a brighter future.
This information is meant to be a general summary of Catalyst Ministries. 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.
- Investment Income: $210
- Gross Receipts: $588,898
Assets and Liabilities:
- Total Assets: $1,056,108
- Total Liabilities: $502,919
- Net Assets: $553,189
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Organization Details
Founding Year
2014
Phone
(309) 200-8930Principal Officer
Julie Ryan
Main Address
202 S ELDORADO RD C1, BLOOMINGTON, IL, 61704
Website
www.catalystministries.net/NTEE Category
Code: Q30 - International
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