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Needle's Eye Ministries Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541057092 ✦ Richmond, VA ✦ Designated as a 501(c)(3)

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Overview

What is Needle's Eye Ministries Inc?

Needle's Eye Ministries Inc, located at 104 Berrington CT, Richmond, VA 23221, is an interdenominational Christian ministry primarily serving the business and professional community in the Richmond metropolitan area. With a team of six dedicated individuals, this nonprofit organization offers various programs designed to provide ministry and counseling services. Their mission is centered around supporting this specific community, offering resources and guidance in a faith-based context. The organization's activities and mission remain focused on this community, ensuring that they can navigate life's challenges with spiritual guidance and support.


Official website here: www.needleseye.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 92%, Four-Star out of Four Star Rating

Needle's Eye Ministries Inc has achieved a Four-Star rating from Charity Navigator, reflecting a strong performance in its accountability and financial practices. The organization scored 92% in the Accountability & Finance category, which indicates that it effectively manages its resources and is committed to transparency and ethical governance.

The charity's strengths include having a fully independent board, which scored 8 out of 8 points, and a rigorous audit and oversight committee, which received full marks as well. Additionally, the organization has a very low liabilities-to-assets ratio of 0.99%, indicating sound financial health, and it allocates over 81% of its expenses directly to programs, showcasing a strong commitment to its mission.

However, it is worth noting that while the organization has a robust whistleblower policy, it is currently missing from its documentation, which could be a potential area for improvement. Overall, Needle's Eye Ministries Inc demonstrates a high level of accountability and financial integrity, making it a trustworthy option for potential donors.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Needle's Eye Ministries Inc?

94% of 13 reviewers on Facebook recommend Needle's Eye Ministries. Here is a summary of their reviews:

Many individuals express gratitude for the impactful role that Needle's Eye Ministries has played in their spiritual growth and community connections. Specific programs, such as the Small Group Women's Bible Studies and the Lunch Speaker Series, have been highlighted for their positive influence on participants' faith journeys.

Overall, the sentiment is overwhelmingly positive, with many users appreciating the ministry's commitment to fostering deeper connections and personal development through faith-based initiatives. The organization appears to be making a meaningful difference in the lives of those involved.


This AI summary has been generated from reviews found on Facebook.

Is Needle's Eye Ministries Inc legitimate?

Needle's Eye Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Needle's Eye Ministries 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: $396,552

For more financial information, click here


Official website here: www.needleseye.org

What is the mission statement of Needle's Eye Ministries Inc?

Needle's Eye Ministries Inc is an interdenominational Christian ministry with a primary focus on serving the business and professional community. Their mission is to provide ministry and counseling services primarily to individuals within this community. The organization carries out various programs designed to cater to this specific demographic, aiming to offer support and guidance in their spiritual journeys.


Official website here: www.needleseye.org

Who is the CEO of Needle's Eye Ministries Inc?

Franklin Y Goare is the Treasurer Ex of Needle's Eye Ministries Inc.


Official website here: www.needleseye.org

What is the revenue of Needle's Eye Ministries Inc?

Needle's Eye Ministries Inc's revenue in 2023 was $1,136,103.


Official website here: www.needleseye.org

Who are the executives of Needle's Eye Ministries Inc and what are their salaries?

The average compensation at Needle's Eye Ministries Inc during 2023 was $66,092. There are 6 employees and 60 volunteers at Needle's Eye Ministries Inc.


Here are 10 key members and their salaries:


Jordan Maroon (Executive Di)
  • Compensation: $111,079
  • Related: $0
  • Other: $0
Franklin Y Goare (Treasurer Ex)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Horne (Co Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Mathews (Co Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Saa'Dia Douglas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susie Fife (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lanre Ajibola (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Harrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Delille (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Carter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.needleseye.org

Where can I find the form 990 for Needle's Eye Ministries Inc?

Needle's Eye Ministries Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.needleseye.org

Learn more at the official website: www.needleseye.org

Mission Statement of Needle's Eye Ministries Inc

Needle's Eye Ministries Inc is an interdenominational Christian ministry that primarily targets the business and professional community in the metropolitan area of Richmond, Virginia. Its mission is to provide ministry and counseling services, primarily designed for individuals within this community. The organization aims to support this specific demographic through various programs, offering them spiritual guidance and assistance.

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Impact




July, 2024

Needle's Eye Ministries Inc has a significant impact on the business and professional community in the Richmond, VA metropolitan area through its various programs designed to provide ministry and counseling services.




This information is meant to be a general summary of Needle's Eye Ministries 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.

Revenue
$1,136,103 (2023)
Expenses
$705,334 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $14,788
  • Program Service Revenue: $11,223
  • Gross Receipts: $1,143,368

Assets and Liabilities:

  • Total Assets: $2,013,476
  • Total Liabilities: $20,065
  • Net Assets: $1,993,411

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEETINGS AND EVENTS

Revenue

$11,223

Organization Details

Founding Year

1977

Principal Officer

Franklin Y Goare

Main Address

104 BERRINGTON CT, RICHMOND, VA, 232212702

NTEE Category

Code: X20 - Religion related

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