Overview
What is Lake Christian Ministries Inc?
Lake Christian Ministries Inc, headquartered in Moneta, Virginia, is a nonprofit organization dedicated to uplifting the less fortunate residents of the Smith Mountain Lake community. Their primary mission involves organizing, conducting, supporting, and promoting benevolent activities, offering assistance to a select group in this area. The organization's workforce consists of four dedicated individuals, working tirelessly to fulfill this mission.
Official website here: www.lakechristianministries.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Stars
Lake Christian Ministries Inc has received a Three-Star rating with an overall score of 88%, reflecting strong accountability and financial practices. The rating is solely based on the Accountability & Finance beacon, which signifies the organization’s commitment to transparency and good governance. Notably, the organization boasts 100% independent board members and has shown no material diversion of assets.
Strengths highlighted include a solid program expense ratio of 77.84%, indicating that a significant portion of funds is directed towards its mission. Additionally, the presence of an audit and oversight committee illustrates a proactive approach to financial management. However, some areas for improvement have been identified, such as the absence of a whistleblower policy and a document retention policy, which are critical for enhancing governance standards.
The organization has also faced criticism for not providing its tax form on the website, a transparency measure that can enhance public trust. While Lake Christian Ministries demonstrates a strong financial structure, addressing these limitations could further bolster its accountability and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Christian Ministries Inc legitimate?
Lake Christian Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Christian 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.
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Other Salaries and Wages: $125,428
For more financial information, click here
Official website here: www.lakechristianministries.org
What is the mission statement of Lake Christian Ministries Inc?
Lake Christian Ministries Inc's mission is centered around organizing, conducting, supporting, and promoting benevolent activities to a specific group of residents in a community. This community is not specified but is located near Smith Mountain Lake, Virginia. The organization's primary goal is to provide assistance to those in need within this community. They carry out various benevolent activities, offering support and aid to improve the lives of the selected residents.
Official website here: www.lakechristianministries.org
Who is the CEO of Lake Christian Ministries Inc?
Jon Atchue is the Board Chair of Lake Christian Ministries Inc.
Official website here: www.lakechristianministries.org
What is the revenue of Lake Christian Ministries Inc?
Lake Christian Ministries Inc's revenue in 2022 was $1,228,679.
Official website here: www.lakechristianministries.org
Who are the executives of Lake Christian Ministries Inc and what are their salaries?
The average compensation at Lake Christian Ministries Inc during 2022 was $31,357. There are 4 employees and 225 volunteers at Lake Christian Ministries Inc.
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Official website here: www.lakechristianministries.org
Where can I find the form 990 for Lake Christian Ministries Inc?
Lake Christian Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakechristianministries.org
Learn more at the official website: www.lakechristianministries.org
Mission Statement of Lake Christian Ministries Inc
Lake Christian Ministries Inc is committed to organizing, conducting, supporting, and promoting benevolent activities aimed at assisting selected residents in the Smith Mountain Lake, Virginia community. This nonprofit's mission is to make a positive impact in the lives of those in need, providing them with essential support and resources. Through their benevolent activities, Lake Christian Ministries Inc seeks to uplift and empower the community, ensuring that everyone has access to the help they require. The organization's efforts are focused on supporting the community's less fortunate members, providing them with the assistance they need to overcome challenges and improve their lives.
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Impact
July, 2024
Lake Christian Ministries Inc's impact is seen through its dedicated efforts in organizing, conducting, supporting, and promoting benevolent activities for selected residents of the Smith Mountain Lake community in Virginia. By focusing on the needs of the needy residents in this area, the organization plays a crucial role in providing essential services and support to those who require assistance. Through their mission-driven approach, Lake Christian Ministries Inc positively impacts the lives of individuals in the Smith Mountain Lake community, demonstrating their commitment to serving and supporting the local population.
This information is meant to be a general summary of Lake Christian 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,985
- Gross Receipts: $1,256,126
Assets and Liabilities:
- Total Assets: $1,735,208
- Total Liabilities: $2,763
- Net Assets: $1,732,445
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Organization Details
Founding Year
2001
Phone
(540) 297-3214Principal Officer
Jon Atchue
Main Address
13157 OLD MONETA RD/ P O BOX 695, MONETA, VA, 24121
NTEE Category
Code: P60 - Human services
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