Overview
What is Missionary Companion Ministries Inc?
Missionary Companion Ministries Inc is a nonprofit organization based in Tampa, Florida, with a single employee. Their primary mission is to support foreign and domestic Christian missionaries by managing their finances and ensuring accountability. The organization receives and manages donations from supporters, offering administrative support and facilitating communication between the missionaries and their home base. They also provide necessary supplies and materials, as well as offering pastoral ministry, ensuring the well-being and safety of the missionaries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Missionary Companion Ministries Inc has received a Two-Star rating from Charity Navigator, reflecting an overall score derived solely from its Accountability & Finance metrics. The organization demonstrates a strong commitment to transparency and effective financial management, as evidenced by a high program expense ratio of 94.82%, indicating that a significant portion of its funds goes directly to its mission.
The organization excels in several key areas of governance and financial health. It boasts an independent board with seven members, all of whom contribute to its accountability framework, and it has a perfect score in documenting board meeting minutes and ensuring no material diversion of assets. Furthermore, its liabilities to assets ratio stands at an impressive 0.00%, showcasing solid financial stability.
Despite these strengths, the overall rating suggests there may be areas for improvement, particularly in enhancing its overall performance beyond the current scoring metrics. Continued efforts to bolster its operations and outreach could help lift its rating in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Missionary Companion Ministries Inc legitimate?
Missionary Companion Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Missionary Companion 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: $23,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Missionary Companion Ministries Inc?
Missionary Companion Ministries Inc is a support service dedicated to assisting both domestic and foreign Christian missionaries. Their mission primarily involves providing administration, accountability, and funding management for these missionaries. Christian supporters contribute funds, which are then accounted for and managed specifically for the missionaries. The organization ensures financial security for the missionaries, managing their pledges and donations. Through constant communication from the home base, they also offer supplies, materials, and spiritual pastoral ministry to the missionaries, should the need arise for travel.
Who is the CEO of Missionary Companion Ministries Inc?
Don M Rasmussen is the Director of Missionary Companion Ministries Inc.
What is the revenue of Missionary Companion Ministries Inc?
Missionary Companion Ministries Inc's revenue in 2022 was $645,531.
Who are the executives of Missionary Companion Ministries Inc and what are their salaries?
The average compensation at Missionary Companion Ministries Inc during 2022 was $23,500. There is 1 employee and 5 volunteers at Missionary Companion Ministries Inc.
Here are 5 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
Where can I find the form 990 for Missionary Companion Ministries Inc?
Missionary Companion Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Missionary Companion Ministries Inc
Missionary Companion Ministries Inc serves as a support system for both domestic and foreign Christian missionaries. Their mission is to offer administrative, accountability, and funding management services. They receive, account for, and manage contributions from Christian supporters, allocating these funds to specific missionaries. This organization provides a secure home base for these missionaries, ensuring constant communication and offering supplies, materials, and spiritual pastoral ministry when needed. By managing these aspects, Missionary Companion Ministries Inc enables missionaries to focus on their primary mission of spreading the Christian faith.
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
July, 2024
Missionary Companion Ministries Inc has made a significant impact by providing essential support services for both foreign and domestic Christian missionaries. This includes offering administration, accountability, and funding management for missionaries, ensuring that contributions from Christian supporters are properly receipted, accounted for, and managed for specific individuals on the mission field. The organization's work allows missionaries to focus on their essential work of spreading the gospel without worrying about logistical or financial challenges. Additionally, Missionary Companion Ministries Inc also provides home base security for missionaries, maintaining constant communication with them and traveling to their locations with necessary supplies, materials, and spiritual pastoral ministry. Through their dedicated support, this ministry enables missionaries to carry out their vital work effectively and safely, ultimately making a positive impact on communities around the world.
This information is meant to be a general summary of Missionary Companion 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: $36
- Program Service Revenue: $206
- Gross Receipts: $645,531
Assets and Liabilities:
- Total Assets: $183,581
- Total Liabilities: $0
- Net Assets: $183,581
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.
INTEREST ON IRS OVERPMT
Revenue
$206
Organization Details
Founding Year
1984
Principal Officer
Don M Rasmussen
Main Address
17953 HOLLY BROOK DRIVE, TAMPA, FL, 33647
NTEE Category
Code: X20 - Religion related
If you are a representative of Missionary Companion Ministries 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.