Overview
What is Rick Bonfim Ministries Inc?
Rick Bonfim Ministries Inc is a nonprofit organization located in Watkinsville, Georgia, with a focus on spreading the Christian faith. They carry out their mission by conducting evangelism efforts in the United States, as well as in Brazil, Israel, and Cuba. The organization, which employs a team of five individuals, sends mission groups to these countries to spread their faith and beliefs. They are dedicated to making a positive impact in these regions and within their own community.
Official website here: www.latterain.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Rick Bonfim Ministries Inc has received an overall score of 81%, which corresponds to a Three-Star rating. This score is primarily based on the charity's Accountability & Finance performance, indicating a strong emphasis on transparency and responsible financial management. The accountability metrics reflect positively on the organization, showing no material diversion of assets and a solid program expense ratio of 77.50%, suggesting a significant portion of funds is directed towards its programs.
The organization benefits from having a fully independent board, with all eight members meeting the qualifications for independence. Additionally, it maintains comprehensive policies regarding conflict of interest and whistleblowing, which further enhances its governance framework. The liabilities to assets ratio of 31.47% indicates a healthy balance sheet, reinforcing the organization's financial stability.
While the charity shows strengths in accountability and program expenditure, the overall rating does not provide insights into program effectiveness or impact, which are crucial for potential donors. Therefore, while it demonstrates strong governance and financial health, stakeholders may want to seek additional information regarding its operational outcomes and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Rick Bonfim Ministries Inc legitimate?
Rick Bonfim Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rick Bonfim 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $48,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,634
For more financial information, click here
Official website here: www.latterain.com
What is the mission statement of Rick Bonfim Ministries Inc?
Rick Bonfim Ministries Inc's mission is centered around spreading the Christian faith. They accomplish this mission through various means, including evangelism activities in the United States, Brazil, Israel, and Cuba. Mission teams are dispatched to Brazil, Israel, and Cuba, and they actively engage in evangelism within the United States as well. The organization's primary objective is to spread the teachings and beliefs of Christianity, reaching out to individuals across these four countries.
Official website here: www.latterain.com
Who is the CEO of Rick Bonfim Ministries Inc?
Rick Bonfim is the President of Rick Bonfim Ministries Inc.
Official website here: www.latterain.com
What is the revenue of Rick Bonfim Ministries Inc?
Rick Bonfim Ministries Inc's revenue in 2022 was $1,066,192.
Official website here: www.latterain.com
Who are the executives of Rick Bonfim Ministries Inc and what are their salaries?
The average compensation at Rick Bonfim Ministries Inc during 2022 was $35,543. There are 5 employees at Rick Bonfim Ministries Inc.
There is 1 key member and their salary:
- Compensation: $48,080
- Related: $0
- Other: $15,762
Official website here: www.latterain.com
Where can I find the form 990 for Rick Bonfim Ministries Inc?
Rick Bonfim Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.latterain.com
Learn more at the official website: www.latterain.com
Mission Statement of Rick Bonfim Ministries Inc
Rick Bonfim Ministries, a nonprofit organization, is dedicated to spreading the Christian faith. They achieve this mission through various means, including evangelism efforts in the United States, Brazil, Israel, and Cuba. The organization sends mission groups to these countries, and within the United States, they engage in evangelism activities as well. The primary goal of Rick Bonfim Ministries is to share the teachings of Christianity, reaching out to individuals and communities in several nations.
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Impact
July, 2024
Rick Bonfim Ministries Inc has a profound impact on spreading the Christian faith through evangelism activities in the United States, Brazil, Israel, and Cuba. This organization sends mission groups to various countries and conducts evangelism efforts locally in the United States. Their dedication to sharing the message of Christianity has touched the lives of many individuals, helping to strengthen faith and promote spiritual growth within communities.
This information is meant to be a general summary of Rick Bonfim 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: $31,500
- Program Service Revenue: $58,374
- Gross Receipts: $1,066,192
Assets and Liabilities:
- Total Assets: $477,424
- Total Liabilities: $150,270
- Net Assets: $327,154
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CUBA MISSION TRIPS
Revenue
$30,671
BRAZIL MISSION TRIPS
Revenue
$22,747
PERU MISSION TRIPS
Revenue
$4,956
Organization Details
Founding Year
1984
Phone
(706) 353-1546Principal Officer
Rick Bonfim
Main Address
1711 MERIWEATHER DR STE 104, WATKINSVILLE, GA, 30677
Website
www.latterain.comNTEE Category
Code: X20Z - Religion related
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