Overview
What is Lake Whitney Ministerial Alliance?
The Lake Whitney Ministerial Alliance is a nonprofit organization situated in Whitney, Texas. Their primary mission is to collaborate with local churches and other organizations in the Lake Whitney area to address the needs of its residents and visitors. Their key service is a food bank, which provides essential food and personal items to those in need. Operating three days a week, Monday, Wednesday, and Thursday, the food bank assists an estimated 7,321 individuals annually. The Lake Whitney Ministerial Alliance, also known as Our Daily Bread Whitney Food Bank, strives to improve the lives of community members through their tireless efforts.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Lake Whitney Ministerial Alliance has received a rating of 73% from Charity Navigator, indicating a moderate level of financial health and accountability. The organization has shown strong governance, with 100% of its board members being independent, which enhances its credibility and trustworthiness. The absence of material diversion of assets and a perfect score for documenting board meeting minutes further underscores its commitment to transparency.
Financially, the Lake Whitney Ministerial Alliance maintains a solid program expense ratio of 86.6%, suggesting that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, the organization's liabilities to assets ratio stands at 0.00%, indicating a strong financial position without debt. These factors point to effective financial management.
Despite its strengths, the two-star rating suggests that there may be areas for improvement in overall financial health or operational effectiveness. Continued efforts in enhancing transparency and efficiency could help bolster its rating and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Whitney Ministerial Alliance legitimate?
Lake Whitney Ministerial Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Whitney Ministerial Alliance 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.
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What is the mission statement of Lake Whitney Ministerial Alliance?
The Lake Whitney Ministerial Alliance, a non-profit organization, exists to facilitate collaboration among churches and other organizations in the Lake Whitney area. Its primary purpose is to address the needs of individuals residing or visiting the area. One of its key initiatives is a food bank that provides food and essential items to those in need. The food bank operates three days a week, serving approximately 7,321 individuals throughout the year. In essence, the Lake Whitney Ministerial Alliance operates as a platform for cooperation among local faith-based organizations, aiming to support the community by addressing its essential needs.
Who is the CEO of Lake Whitney Ministerial Alliance?
Karen Williams is the President of Lake Whitney Ministerial Alliance.
What is the revenue of Lake Whitney Ministerial Alliance?
Lake Whitney Ministerial Alliance's revenue in 2022 was $161,784.
Who are the executives of Lake Whitney Ministerial Alliance and what are their salaries?
There 512 volunteers at Lake Whitney Ministerial Alliance.
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Where can I find the form 990 for Lake Whitney Ministerial Alliance?
Lake Whitney Ministerial Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Whitney Ministerial Alliance
Lake Whitney Ministerial Alliance, a nonprofit organization, aims to serve as a collaborative platform for churches and other organizations in the Lake Whitney area. Its purpose is to work closely with the pastors and ministers of the region, with the primary goal of addressing the needs of individuals who reside or visit Lake Whitney. One of the key initiatives of Lake Whitney Ministerial Alliance is its food bank, which provides essential food and personal care items to those in need. Operating three days a week, this service assists an estimated 7,321 individuals annually, demonstrating its commitment to alleviating hunger and improving the well-being of the community.
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Impact
October, 2024
Lake Whitney Ministerial Alliance plays a crucial role in addressing the service needs of the Lake Whitney area. Through its food bank, it provides essential food and personal product items to individuals and families in need. Operating three days a week—Monday, Wednesday, and Thursday—for three hours each day, the food bank has assisted an estimated 7,321 people over the past year. This initiative not only alleviates hunger but also fosters a sense of community support by bringing together local churches and organizations to collaborate effectively in meeting the needs of residents and visitors. The alliance’s mission to unite religious leaders and community resources amplifies its impact, ensuring that vulnerable populations receive the assistance they require to thrive in the Lake Whitney area.
This information is meant to be a general summary of Lake Whitney Ministerial Alliance. 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: $4,894
- Gross Receipts: $183,717
Assets and Liabilities:
- Total Assets: $1,090,614
- Total Liabilities: $0
- Net Assets: $1,090,614
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Organization Details
Founding Year
2011
Phone
(254) 694-3155Principal Officer
Karen Williams
Main Address
PO BOX 1502, WHITNEY, TX, 76692
NTEE Category
Code: P20 - Human services
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