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Foundation For Reformed Theology

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

EIN: 562111985 ✦ Richmond, VA ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For Reformed Theology?

The Foundation for Reformed Theology, situated in Richmond, Virginia, is a nonprofit organization primarily focused on fostering the exploration and application of fundamental theological texts from the Reformed tradition to modern-day life. With a mission to revitalize the faith and daily existence of the church, the organization notably strives to enhance preaching, teaching, and pastoral care through educational opportunities. Their work is centered around encouraging and supporting the study of Reformed theology, ultimately aiming to contribute to the betterment of the church community with a dedicated team of one employee.


Official website here: www.foundationrt.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 62%, Two-Star out of Four Star rating. The Foundation For Reformed Theology has achieved a moderate rating, indicating some strengths in its governance and financial practices, but also highlighting significant areas for improvement. The organization benefits from having a fully independent board and a low liabilities-to-assets ratio, which reflects sound financial management.

Despite these strengths, the rating reveals serious governance weaknesses, particularly in the area of accountability. The organization lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention policy, which can undermine transparency and trust. Furthermore, the absence of the tax form on its website limits accessibility to important financial information.

Additionally, the program expense ratio is relatively low at 59.17%, suggesting that more could be allocated directly to programs. Overall, while the Foundation For Reformed Theology demonstrates some solid governance practices, it faces significant challenges regarding accountability and financial transparency that could impact its effectiveness and reputation.


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

Is Foundation For Reformed Theology legitimate?

Foundation For Reformed Theology is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Reformed Theology 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: $13,960

For more financial information, click here


Official website here: www.foundationrt.org

What is the mission statement of Foundation For Reformed Theology?

The Foundation for Reformed Theology's mission is centered around promoting the study and application of Reformed theology. This is done to renew the faith and life of the church, with a particular focus on improving preaching, teaching, and pastoral care. To achieve this, the foundation encourages and supports the study of the fundamental texts of Reformed theology and their relevance to contemporary life. They also provide educational opportunities for students engaged in the study of Reformed theology.


Official website here: www.foundationrt.org

Who is the CEO of Foundation For Reformed Theology?

Dr Thomas R Currie Iii is the Interim Exec of Foundation For Reformed Theology.


Official website here: www.foundationrt.org

What is the revenue of Foundation For Reformed Theology?

Foundation For Reformed Theology's revenue in 2022 was $75,643.


Official website here: www.foundationrt.org

Who are the executives of Foundation For Reformed Theology and what are their salaries?

The average compensation at Foundation For Reformed Theology during 2022 was $13,960. There is 1 employee at Foundation For Reformed Theology.


Here are 13 key members and their salaries:


Dr Thomas R Currie Iii (Interim Exec)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr G Jacob Savage Iii (Acting Pres/)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr T Christian Currie (2Nd Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr W Mcilwaine Thompson Jr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Richard E Burnett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Jeffrey C Francis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Caroline H Leith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr William S Morris Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Charles E Raynal Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Susan Shimp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Robert T Turner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr James W White Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Lorenzo Small (Direrctor)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.foundationrt.org

Where can I find the form 990 for Foundation For Reformed Theology?

Foundation For Reformed Theology's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.foundationrt.org

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

Mission Statement of Foundation For Reformed Theology

The Foundation for Reformed Theology, in its mission, strives to foster the exploration and implementation of Reformed theology within the church context. Its primary objective is to facilitate the renewal of faith and lifestyle within religious communities. This is achieved predominantly through enhancing preaching, teaching, and pastoral care. The foundation's role extends beyond promotion to providing educational opportunities for individuals engaged in the study of Reformed theology, enabling them to apply these teachings to contemporary life.

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Impact




August, 2024

The Foundation For Reformed Theology has had a significant impact on the study and application of Reformed theology for the renewal of faith and life within the Church. Through its focus on improving preaching, teaching, and pastoral care, the Foundation has contributed to a deeper understanding and engagement with the principles of Reformed theology. Additionally, by encouraging and supporting the study of foundational texts in Reformed theology and their relevance to contemporary life, the Foundation has provided valuable educational opportunities for students seeking to delve into this theological tradition. Overall, the Foundation's work has helped strengthen the faith and practice of individuals and communities within the Church, emphasizing the importance of theological education and scholarly engagement.




This information is meant to be a general summary of Foundation For Reformed Theology. 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
$75,643 (2022)
Expenses
$67,258 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $49,939
  • Gross Receipts: $75,643

Assets and Liabilities:

  • Total Assets: $1,294,398
  • Total Liabilities: $151
  • Net Assets: $1,294,247

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Organization Details

Founding Year

1982

Principal Officer

Dr Thomas R Currie Iii

Main Address

5004 MONUMENT AVE, RICHMOND, VA, 23230

NTEE Category

Code: B125 - Education

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