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:
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Other Salaries and Wages: $9,180
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
What is the revenue of Foundation For Reformed Theology?
Foundation For Reformed Theology's revenue in 2023 was $104,980.
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 2023 was $9,180. There is 1 employee at Foundation For Reformed Theology.
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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 2023 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $42,472
- Gross Receipts: $104,980
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
Mr G Jacob Savage Iii
Website
www.foundationrt.orgNTEE Category
Code: B125 - Education
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