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Proverbs 31 Ministry Inc

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

EIN: 561989197 ✦ Matthews, NC ✦ Designated as a 501(c)(3)

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Overview

What is Proverbs 31 Ministry Inc?

Proverbs 31 Ministry Inc, a nonprofit organization based in Matthews, North Carolina, aims to foster personal relationships with Christ among women. They accomplish this mission through a variety of means, including hosting conferences, providing ministry training, and utilizing daily devotions, a mobile app, online Bible studies, social media, resources, web-based training, podcasts, speaking events, and conferences. Their goal is to share God's word and assist women in their spiritual growth. With a dedicated team of 79 employees, Proverbs 31 Ministry Inc touches the lives of women, offering them spiritual guidance and nurturing opportunities for spiritual development.


Official website here: www.proverbs31.org

What are the reviews and ratings of this charity?

Proverbs 31 Ministry Inc has received a perfect rating of 100% from Charity Navigator, earning a prestigious Four-Star out of Four Stars designation. This rating highlights their strong emphasis on accountability and finance, reflecting sound financial management practices. The organization demonstrates a commitment to transparency with 100% of its board members being independent and various policies addressing conflict of interest and whistleblower protections.

The financial ratios are indicative of stability and efficiency, with 80.48% of expenses allocated directly to programs and a low fundraising cost of only $0.07 for every dollar raised. Additionally, the organization maintains a healthy working capital ratio, suggesting it can sustain operations without reliance on immediate income. However, it's important to note that Proverbs 31 Ministries has not been evaluated in certain impact and community aspects by Charity Navigator.

User reviews from GreatNonprofits could not be fetched, leaving a gap in community feedback. Overall, the strong fiscal health portrayed by Charity Navigator marks Proverbs 31 Ministries as a well-managed nonprofit organization, yet the absence of user review insights means that the lived experiences of beneficiaries and stakeholders remain largely unaddressed.


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

Is Proverbs 31 Ministry Inc legitimate?

Proverbs 31 Ministry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Proverbs 31 Ministry 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: $341,039
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,049,987

For more financial information, click here


Official website here: www.proverbs31.org

What is the mission statement of Proverbs 31 Ministry Inc?

Proverbs 31 Ministry Inc aims to guide women towards a personal relationship with Christ. They achieve this by hosting conferences and offering ministry training. The organization utilizes various tools such as daily devotions, a mobile app, online Bible studies, social media, resources, web-based training, podcasts, speaking events, and conferences to share God's word and assist women in their spiritual growth. Their methods include providing resources, web-based training, and speaking events, all with the goal of helping women deepen their faith.


Official website here: www.proverbs31.org

Who is the CEO of Proverbs 31 Ministry Inc?

Lysa Terkeurst is the Director of Proverbs 31 Ministry Inc. The CEO's salary of Proverbs 31 Ministry Inc is $151,773 and their total compensation is $184,324.


Official website here: www.proverbs31.org

What is the revenue of Proverbs 31 Ministry Inc?

Proverbs 31 Ministry Inc's revenue in 2022 was $7,018,606.


Official website here: www.proverbs31.org

Who are the executives of Proverbs 31 Ministry Inc and what are their salaries?

The average compensation at Proverbs 31 Ministry Inc during 2022 was $55,583. There are 79 employees and 359 volunteers at Proverbs 31 Ministry Inc.


Here are 13 key members and their salaries (Proverbs 31 Ministry Inc's CEO's salary is $151,773 and their total compensation is $184,324):


Lisa Robertson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derwin Gray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adina Boyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Putnam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monty Stepura (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Brown (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy King (Secretary/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lysa Terkeurst (President)
  • Compensation: $97,621
  • Related: $0
  • Other: $243,418
Meredith Brock (Chief Executive Officer)
  • Compensation: $151,773
  • Related: $0
  • Other: $32,551
Contessa Siegner (Senior Director Of It And Operations)
  • Compensation: $107,901
  • Related: $0
  • Other: $14,269
Barb Spencer (Executive Director Of Finance And Operations)
  • Compensation: $111,625
  • Related: $0
  • Other: $22,379
Glynnis Whitwer (Executive Director Of Ministry Content)
  • Compensation: $107,893
  • Related: $0
  • Other: $16,268
Lisa Allen (Executive Director Of Ministry And Staff Development)
  • Compensation: $101,270
  • Related: $0
  • Other: $16,177


Official website here: www.proverbs31.org

Where can I find the form 990 for Proverbs 31 Ministry Inc?

Proverbs 31 Ministry Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.proverbs31.org

Learn more at the official website: www.proverbs31.org

Mission Statement of Proverbs 31 Ministry Inc

Proverbs 31 Ministry Inc, a nonprofit organization, utilizes various platforms such as daily devotions, a mobile app, online Bible studies, social media, web-based training, podcasts, speaking events, and conferences to disseminate God's word and aid women in their spiritual growth. The organization's primary goal is to guide women towards establishing a personal relationship with Christ. This is achieved through hosting conferences and offering ministry training, empowering women to deepen their faith and connection with their divine creator.

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Impact




July, 2024

Proverbs 31 Ministry Inc has made a significant impact by using various platforms such as daily devotions, a mobile app, online Bible studies, social media, resources, web-based training, podcasts, speaking events, and conferences to share God's word and help women grow in Christ. Through their efforts, they have successfully led women into a personal relationship with Christ, provided ministry training, and organized impactful conferences. Their mission to share the word of God and empower women has touched the lives of many individuals, inspiring spiritual growth and personal development.




This information is meant to be a general summary of Proverbs 31 Ministry 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
$7,018,606 (2022)
Expenses
$7,196,812 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$561,270
  • Program Service Revenue: $1,582,848
  • Gross Receipts: $9,339,039

Assets and Liabilities:

  • Total Assets: $13,247,275
  • Total Liabilities: $3,984,808
  • Net Assets: $9,262,467

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Programs

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

SPEAKERS FEES

Revenue

$61,899

CONFERENCE INCOME

Revenue

$325,142

MINISTRY TRAINING & SPECIAL PROJECTS

Revenue

$1,195,807

Organization Details

Founding Year

1996

Principal Officer

Lysa Terkeurst

Main Address

PO BOX 3189, Matthews, NC, 28106

NTEE Category

Code: X99 - Religion related

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