Overview
What is Church Management & Tax Confernece Inc?
Church Management and Tax Conferences Inc, renowned as a national leader, specializes in educating churches and non-profit organizations about tax-exempt matters. Their primary mission is to provide valuable insights and guidance in managing financial and tax-related aspects for these organizations. By focusing on church management and tax-exempt matters, they position themselves as a trusted resource for organizations seeking to navigate complex financial and regulatory landscapes.
Official website here: www.cmtc@cmtc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Church Management & Tax Conference Inc has received a two-star rating from Charity Navigator, indicating that there are significant concerns regarding its accountability and financial practices. With an overall score of 62%, the organization has room for improvement, particularly in the composition and independence of its board members and the availability of financial statements. These factors are critical for enhancing transparency and building donor trust.
Despite the shortcomings in governance, the nonprofit does demonstrate strengths in some operational areas. Notably, it has a high program expense ratio of 97.35%, showing its commitment to directing funds towards its programs. Additionally, it has a solid record regarding material diversion of assets and other compliance measures, which reflects a degree of operational integrity.
However, areas such as the lack of independent board members and deficiencies in financial reporting practices highlight the need for the organization to strengthen its governance framework. Implementing a whistleblower policy and better financial transparency could greatly enhance its accountability and performance rating in the future.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Church Management & Tax Confernece Inc?
100% of 40 reviewers on Facebook recommend Church Management & Tax Conference Inc. Here is a summary of their reviews:
Many individuals express the need for guidance in managing church operations and understanding tax laws, highlighting the organization's expertise in these crucial areas. Reviewers particularly praise Dr. Michael Chitwood for his ability to assist churches facing challenges, positioning him as a valuable resource for those in need of support.
Overall, attendees feel that the organization delivers significant benefits, reinforcing that participation in the conference can lead to practical solutions for various church-related issues. Many believe that this nonprofit effectively empowers churches to navigate their dilemmas successfully.
This AI summary has been generated from reviews found on Facebook.
Is Church Management & Tax Confernece Inc legitimate?
Church Management & Tax Confernece Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Church Management & Tax Confernece 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: $82,226
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,853
For more financial information, click here
Official website here: www.cmtc@cmtc.org
What is the mission statement of Church Management & Tax Confernece Inc?
Church Management and Tax Conferences Inc, commonly known as CMTC, is renowned for being a pioneer in the field of tax-exempt organizations and churches. Their mission is centered around educating churches and non-profit organizations. CMTC positions itself as a leading authority in this domain, providing essential knowledge and resources to these organizations. The organization's activities primarily focus on sharing expertise in tax-related matters, aiming to empower and support churches and non-profits in their operations.
Official website here: www.cmtc@cmtc.org
Who is the CEO of Church Management & Tax Confernece Inc?
H Michael Chitwood is the Ceo (Cmtc) of Church Management & Tax Confernece Inc. The CEO's salary of Church Management & Tax Confernece Inc is $82,226 and their total compensation is $82,226.
Official website here: www.cmtc@cmtc.org
What is the revenue of Church Management & Tax Confernece Inc?
Church Management & Tax Confernece Inc's revenue in 2022 was $2,143,843.
Official website here: www.cmtc@cmtc.org
Who are the executives of Church Management & Tax Confernece Inc and what are their salaries?
The average compensation at Church Management & Tax Confernece Inc during 2022 was $28,180. There are 6 employees and 20 volunteers at Church Management & Tax Confernece Inc.
Here are 3 key members and their salaries (Church Management & Tax Confernece Inc's CEO's salary is $82,226 and their total compensation is $82,226):
- Compensation: $82,226
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cmtc@cmtc.org
Where can I find the form 990 for Church Management & Tax Confernece Inc?
Church Management & Tax Confernece Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmtc@cmtc.org
Learn more at the official website: www.cmtc@cmtc.org
Mission Statement of Church Management & Tax Confernece Inc
Church Management & Tax Conferences Inc, recognized as a national authority, is dedicated to educating churches and non-profit organizations on tax-exempt matters. Their mission is to serve as a leader in this field, providing valuable insights and guidance to these organizations. By doing so, they aim to ensure that these entities are well-informed and compliant with tax regulations, thereby fostering their continued success and ability to serve their communities effectively.
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Impact
July, 2024
Church Management & Tax Conference Inc's impact is significant in educating churches and nonprofit organizations on tax-exempt laws and regulations. As the nation's leader on tax-exempt organizations and churches, they play a crucial role in helping these entities navigate complex financial and legal matters. By providing educational conferences and resources, they empower churches and nonprofits to operate efficiently and effectively within the boundaries of the law. This ultimately leads to improved compliance, financial stability, and stronger governance within the community.
This information is meant to be a general summary of Church Management & Tax Confernece 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: $581,056
- Gross Receipts: $2,282,740
Assets and Liabilities:
- Total Assets: $7,851,317
- Total Liabilities: $3,924,088
- Net Assets: $3,927,229
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Registeration Fees
Revenue
$88,561
Clergy consultation
Revenue
$6,495
Subordinate membership
Revenue
$196,000
Church services provided
Revenue
$290,000
Organization Details
Founding Year
1986
Phone
(800) 345-9117Principal Officer
H Michael Chitwood
Main Address
5746 Marlin Road, Chattanooga, TN, 37411
Website
www.cmtc@cmtc.orgNTEE Category
Code: S40 - Community improvement
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