Overview
What is Miracle Lake Inc?
Miracle Lake Inc is a nonprofit organization based in Etowaah, Tennessee, dedicated to providing a residential Christian training center for men seeking an alternative lifestyle, particularly those struggling with issues such as alcoholism, drug addiction, and criminal behavior. The organization, with a workforce of 16 individuals, aims to help these men overcome their life-controlling addictions and lead a fulfilling life. In 2021, 139 men found support and guidance through the program, transforming their lives for the better.
Official website here: www.miraclelake.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (54%)
Miracle Lake Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 54%, the organization faces challenges such as a lack of independent board members, missing critical policies, and the absence of publicly available financial statements.
Despite these issues, the nonprofit demonstrates a high program expense ratio of 86.91%, suggesting that a substantial portion of its expenditures is directed toward its mission-driven activities. However, the absence of a conflict of interest policy and whistleblower protections raises red flags about governance and transparency.
The organization's financial health appears relatively stable, with a liabilities to assets ratio of 0.12%. Still, the deficiencies in transparency and accountability may deter potential donors and raise questions about the organization's operational integrity.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Miracle Lake Inc?
100% of 31 reviewers on Facebook recommend Miracle Lake Inc. Here is a summary of their reviews:
Reviewers consistently highlight the transformative impact of the services offered by Miracle Lake Inc. Many comments emphasize that the experience has been life-changing, showcasing the profound effect the nonprofit has had on individuals seeking support.
Overall, the sentiment towards Miracle Lake Inc is extremely positive, with users expressing gratitude and satisfaction for the help they received. The organization is recognized for effectively delivering on its promises, making a meaningful difference in the lives of those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Miracle Lake Inc legitimate?
Miracle Lake Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miracle Lake 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: $26,208
Professional Fundraising Fees: $0
Other Salaries and Wages: $319,647
For more financial information, click here
Official website here: www.miraclelake.org
What is the mission statement of Miracle Lake Inc?
Miracle Lake Inc operates a residential Christian training center, offering a supportive environment for men struggling with detrimental, life-controlling issues such as alcoholism, drug addiction, and criminal behavior. The organization's primary mission is to help these individuals transform their lives, providing them with an alternative lifestyle free from substance abuse and criminal-minded behavior. In 2021, the center assisted 139 men, many of whom were able to break free from their life-controlling addictions.
Official website here: www.miraclelake.org
Who is the CEO of Miracle Lake Inc?
Byron Goodman is the Chairman of Miracle Lake Inc.
Official website here: www.miraclelake.org
What is the revenue of Miracle Lake Inc?
Miracle Lake Inc's revenue in 2022 was $889,525.
Official website here: www.miraclelake.org
Who are the executives of Miracle Lake Inc and what are their salaries?
The average compensation at Miracle Lake Inc during 2022 was $21,616. There are 16 employees at Miracle Lake Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.miraclelake.org
Where can I find the form 990 for Miracle Lake Inc?
Miracle Lake Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.miraclelake.org
Learn more at the official website: www.miraclelake.org
Mission Statement of Miracle Lake Inc
Miracle Lake Inc, a residential Christian training center, is dedicated to providing a supportive environment for men grappling with detrimental, life-controlling issues such as alcoholism, drug addiction, and criminal behavior. Its mission is to offer these individuals an alternative lifestyle, helping them break free from the chains of their addictions and criminal mindsets. In 2021 alone, 139 men entered the program and found new begins, demonstrating the center's commitment to making a positive impact in the lives of those seeking change.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
Miracle Lake Inc's impact is profound in the community, as it provides a transformative opportunity for men with detrimental life-controlling backgrounds. Through its residential Christian training center, the organization has helped numerous individuals break free from addictions, criminal behavior, and other challenges. In 2021 alone, 139 men entered the program and experienced positive outcomes, highlighting the tangible difference Miracle Lake Inc is making in the lives of those seeking a new path. Through its mission of providing a supportive environment rooted in Christian principles, Miracle Lake Inc is actively contributing to the mental health and well-being of individuals in need.
This information is meant to be a general summary of Miracle Lake 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.
- Program Service Revenue: $160,748
- Gross Receipts: $889,525
Assets and Liabilities:
- Total Assets: $540,021
- Total Liabilities: $0
- Net Assets: $540,021
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$160,748
Organization Details
Founding Year
1986
Phone
(423) 263-2583Principal Officer
Byron Goodman
Main Address
PO BOX 327, ETOWAH, TN, 37331
Website
www.miraclelake.orgNTEE Category
Code: F22Z - Mental health
If you are a representative of Miracle Lake Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.