Overview
What is 1040 Visions?
1040 Visions, based in Suffolk, Virginia, is a nonprofit organization dedicated to assisting underprivileged communities. Their mission encompasses several areas, including providing clean water through well drilling projects, offering educational scholarships for elementary and secondary students, constructing necessary buildings, and fostering community development. They also aim to inspire and support individuals and churches committed to following Jesus and serving the unreachable, coordinating partnerships, offering training, encouragement, and humanitarian and educational aid.
Official website here: www.1040visions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
1040 Visions has received a Three-Star rating from Charity Navigator, with an overall score of 76%. This rating reflects strong performance in Accountability & Finance, based on the organization's adherence to financial best practices. The organization boasts a perfect score for having a majority of independent board members and has no material diversion of assets, indicating a commitment to transparency and integrity.
Despite its strengths, 1040 Visions does have areas needing improvement. Notably, the charity lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are important for governance and accountability. However, the charity has demonstrated strong financial management, with a program expense ratio of 96.48%, indicating that nearly all funds are directed towards its programs.
Overall, while 1040 Visions shows commendable financial stewardship and governance in certain areas, the absence of specific policies suggests a need for a more robust framework to enhance accountability. Addressing these gaps could further strengthen the charity's operations and trust with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is 1040 Visions legitimate?
1040 Visions is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1040 Visions 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: $0
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Official website here: www.1040visions.org
What is the mission statement of 1040 Visions?
1040 Visions, as an organization, is dedicated to mobilizing churches and individuals who wish to adhere to Jesus' Great Commission. They achieve this by fostering partnerships and providing support to individuals involved in outreach to the unreached. Their mission includes coordinating these partnerships to train and encourage those in the field, as well as offering humanitarian and educational aid to those in need. Specifically, they assist with projects such as well drilling for clean water, offering educational scholarships, building projects, and community development.
Official website here: www.1040visions.org
Who is the CEO of 1040 Visions?
Wanda Rowe is the President of 1040 Visions.
Official website here: www.1040visions.org
What is the revenue of 1040 Visions?
1040 Visions's revenue in 2022 was $181,401.
Official website here: www.1040visions.org
Who are the executives of 1040 Visions and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
Official website here: www.1040visions.org
Where can I find the form 990 for 1040 Visions?
1040 Visions's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1040visions.org
Learn more at the official website: www.1040visions.org
Mission Statement of 1040 Visions
1040 Visions, a non-profit organization, is dedicated to mobilizing churches and individuals who wish to follow Jesus in the Great Commission. Its mission is twofold: it supports those involved in ministry to the unreached by coordinating partnerships, providing training, and offering encouragement to individuals in the field. Additionally, 1040 Visions provides humanitarian and educational aid to those in need. This aid includes initiatives such as assisting with well drilling for clean water projects, offering educational scholarships for elementary and secondary students, constructing buildings, and contributing to community development. By doing so, 1040 Visions aims to make a positive impact on the lives of those who are less fortunate.
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Impact
October, 2024
1040 Visions has a significant impact on communities by mobilizing churches and individuals who are committed to fulfilling the Great Commission. Through their efforts, they provide essential support to those engaged in ministry to unreached populations. This includes forming partnerships that facilitate training and encouragement for field workers, ensuring they are well-equipped to serve effectively.
The organization also focuses on humanitarian and educational aid for those in need. They undertake projects such as drilling wells to ensure access to clean water, which is vital for health and well-being. Additionally, 1040 Visions provides educational scholarships for elementary and secondary students, helping to promote literacy and learning opportunities. Their community development initiatives further uplift underserved areas, fostering self-sustainability and resilience.
In essence, 1040 Visions is making a tangible difference in the lives of individuals and communities by addressing both spiritual and physical needs, creating a holistic approach to outreach and support.
This information is meant to be a general summary of 1040 Visions. 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: $5
- Gross Receipts: $181,401
Assets and Liabilities:
- Total Assets: $110,765
- Total Liabilities: $0
- Net Assets: $110,765
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Organization Details
Founding Year
2013
Phone
(757) 651-9144Principal Officer
Wanda Rowe
Main Address
PO BOX 888, SUFFOLK, VA, 23439
Website
www.1040visions.orgNTEE Category
Code: P33 - Human services
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