Overview
What is Texarkana Baptist Orphanage?
Texarkana Baptist Orphanage is a compassionate nonprofit organization situated in Malvern, Arkansas. Its primary mission is to offer a safe and nurturing environment for neglected children, housing between 7 and 20 children from struggling families. Operating as a residential, custodial care facility, it functions as a group home, providing essential care and support to its young residents. The orphanage's purpose is to provide these children with a stable home environment during challenging times, contributing positively to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Texarkana Baptist Orphanage has received a two-star rating from Charity Navigator, indicating a need for improvement despite some strong financial indicators. The organization has an overall score of 71%, which reflects its commitment to accountability and transparency. Notably, the orphanage boasts a 100% independent board, with all eight board members having no conflicts of interest, and it has successfully documented its board meeting minutes.
In terms of financial health, the orphanage demonstrates a solid program expense ratio of 93.58%, meaning that a significant majority of its expenses are directed towards its programs. Additionally, the liability to assets ratio is at a commendable 0.00%, suggesting that it has effectively managed its debts. However, despite these positive aspects, the overall rating indicates that there are still areas where the organization could improve to enhance its impact and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Texarkana Baptist Orphanage legitimate?
Texarkana Baptist Orphanage is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texarkana Baptist Orphanage 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: $91,695
Professional Fundraising Fees: $0
Other Salaries and Wages: $268,299
For more financial information, click here
What is the mission statement of Texarkana Baptist Orphanage?
Texarkana Baptist Orphanage is committed to providing care for neglected children. The organization serves as a residential facility, offering a home and custodial care to approximately 7 to 20 children from troubled families. Located in an unspecified location, Texarkana Baptist Orphanage operates as a group home, providing a safe and nurturing environment for these children in need. Its mission is focused on offering these children a chance at a better life, providing them with the care and support they require.
Who is the CEO of Texarkana Baptist Orphanage?
Allen Hagood is the Chairman of Texarkana Baptist Orphanage.
What is the revenue of Texarkana Baptist Orphanage?
Texarkana Baptist Orphanage's revenue in 2022 was $1,070,720.
Who are the executives of Texarkana Baptist Orphanage and what are their salaries?
The average compensation at Texarkana Baptist Orphanage during 2022 was $14,400. There are 25 employees at Texarkana Baptist Orphanage.
Here are 5 key members and their salaries:
- Compensation: $26,558
- Related: $0
- Other: $0
- Compensation: $2,166
- Related: $0
- Other: $0
- Compensation: $1,949
- Related: $0
- Other: $0
- Compensation: $650
- Related: $0
- Other: $0
- Compensation: $433
- Related: $0
- Other: $0
Where can I find the form 990 for Texarkana Baptist Orphanage?
Texarkana Baptist Orphanage's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Texarkana Baptist Orphanage
Texarkana Baptist Orphanage, a nonprofit organization, is dedicated to providing care for neglected children. Situated in a residential setting, the orphanage serves as a group home for up to 20 children from troubled families. Its primary mission is to offer a nurturing environment and provide essential care for these children, acting as a custodial care facility. The orphanage's focus is on ensuring the well-being and development of these children, providing them with a home and the support they need to overcome their challenging backgrounds.
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Impact
July, 2024
Texarkana Baptist Orphanage has a significant impact on the lives of neglected children in the community. By providing a safe and nurturing home environment for 7 to 20 children from troubled families, the organization plays a crucial role in addressing the needs of vulnerable youth. Through its residential, custodial care facilities, Texarkana Baptist Orphanage offers support, stability, and a sense of belonging to children who may have experienced neglect or hardship. This impact extends beyond just providing shelter, as the organization's mission focuses on caring for and empowering these children to have a brighter future.
This information is meant to be a general summary of Texarkana Baptist Orphanage. 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: $165,992
- Gross Receipts: $1,070,720
Assets and Liabilities:
- Total Assets: $5,064,899
- Total Liabilities: $0
- Net Assets: $5,064,899
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Organization Details
Founding Year
1909
Principal Officer
Allen Hagood
Main Address
PO BOX 1179, MALVERN, AR, 72104
NTEE Category
Code: P70Z - Human services
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