Overview
What is Faith And Money Network Inc?
Faith And Money Network Inc is a nonprofit organization situated in Washington, D.C., specifically at 1640 Columbia Road NW. Their primary mission is to offer a secure environment for individuals to engage in personal and corporate reflection, addressing their feelings and attitudes towards money, drawing inspiration from biblical teachings. The organization's primary objective is to guide people in developing an authentic faith perspective on the subject of money. With a small team comprising only one employee, Faith And Money Network Inc provides workshops and retreats that aim to help individuals navigate their relationship with money from a spiritual standpoint.
Official website here: www.faithandmoneynetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
Faith And Money Network Inc has received an 83% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization demonstrates strengths in governance with a fully independent board and a low material diversion of assets. Additionally, it effectively manages its finances with a strong program expense ratio of 71.38%, showcasing a commitment to its mission.
However, there are notable areas for improvement. The charity lacks essential policies such as a whistleblower policy and a document retention and destruction policy, which are critical for transparency and accountability. While the organization has some strong governance practices in place, addressing these gaps could enhance its standing and effectiveness.
Overall, Faith And Money Network Inc shows promise with its financial management and governance structure, yet it must work on implementing missing policies to bolster its transparency and accountability. The charity's achievements in financial ratios demonstrate its effective allocation of resources, but the absence of certain governance elements may raise concerns among potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Faith And Money Network Inc legitimate?
Faith And Money Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith And Money Network 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: $59,154
For more financial information, click here
Official website here: www.faithandmoneynetwork.org
What is the mission statement of Faith And Money Network Inc?
Faith and Money Network Inc's mission is centered around enabling individuals to grapple with a genuine faith perspective regarding money. Through their workshops and retreats, they offer a secure environment for people to delve into their personal and corporate money-related issues, feelings, and attitudes, drawing upon a biblical understanding. By doing so, they aim to foster an enlightened approach to money management from a faith perspective.
Official website here: www.faithandmoneynetwork.org
Who is the CEO of Faith And Money Network Inc?
Michael J Little is the Director of Faith And Money Network Inc.
Official website here: www.faithandmoneynetwork.org
What is the revenue of Faith And Money Network Inc?
Faith And Money Network Inc's revenue in 2022 was $181,606.
Official website here: www.faithandmoneynetwork.org
Who are the executives of Faith And Money Network Inc and what are their salaries?
The average compensation at Faith And Money Network Inc during 2022 was $59,154. There is 1 employee and 13 volunteers at Faith And Money Network Inc.
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Official website here: www.faithandmoneynetwork.org
Where can I find the form 990 for Faith And Money Network Inc?
Faith And Money Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.faithandmoneynetwork.org
Learn more at the official website: www.faithandmoneynetwork.org
Mission Statement of Faith And Money Network Inc
Faith and Money Network Inc is dedicated to enabling individuals to grapple with an authentic faith perspective on money. Their mission is to provide a safe space for people to delve into their personal and corporate perspectives on money, drawing from a biblical understanding. Through workshops and retreats, Faith and Money Network Inc aims to foster an environment where individuals can explore their feelings, attitudes, and issues related to money.
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Impact
October, 2024
Faith And Money Network Inc significantly influences individuals by providing a space for them to explore their beliefs and attitudes toward money through a faith-based lens. By organizing workshops and retreats, the organization creates a supportive environment where participants can engage deeply with their personal and corporate financial concerns. This process helps individuals confront and reconcile their feelings about money in a way that aligns with their authentic faith perspectives, fostering a healthier relationship with financial resources. The teachings and discussions are grounded in biblical principles, enabling participants to navigate complex issues surrounding money in a constructive and meaningful manner. The impact extends beyond personal growth, as these insights can ripple into the community, encouraging more thoughtful and responsible stewardship of financial assets.
This information is meant to be a general summary of Faith And Money Network 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.
- Investment Income: $1,759
- Program Service Revenue: $3,538
- Gross Receipts: $181,606
Assets and Liabilities:
- Total Assets: $436,469
- Total Liabilities: $6,795
- Net Assets: $429,674
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ON-LINE COURSE
Revenue
$2,038
RETREAT INCOME
Revenue
$1,500
Organization Details
Founding Year
1981
Phone
(202) 469-8512Principal Officer
Michael J Little
Main Address
1640 COLUMBIA ROAD NW, WASHINGTON, DC, 20009
Website
www.faithandmoneynetwork.orgNTEE Category
Code: X20 - Religion related
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