Overview
What is Hunt County Shared Ministries Inc?
Hunt County Shared Ministries Inc is a nonprofit organization situated in Greenville, Texas. Their primary mission is to offer financial aid to individuals in need within the Northeast Texas area. This support includes assisting with essential expenses such as food, rent, utilities, and medical bills. In addition to financial assistance, the organization also operates a food pantry, providing donated food items to those in need in the area. The organization relies on donations to fund its initiatives, which ultimately help alleviate hardships for the less fortunate in the community.
Official website here: www.hcsmfish.org
What are the reviews and ratings of this charity?
Charity Navigator gives Hunt County Shared Ministries Inc a 76% rating, which translates to a Three-Star out of Four Star rating. This score reflects a strong emphasis on accountability and financial management, which is essential for maintaining trust with donors and the community. The rating indicates that the organization operates with a level of transparency and responsibility in its financial dealings.
One of the organization's strengths is its independent board structure, scoring full points for having a majority of independent members. Additionally, it shows no signs of material diversion of assets, reflecting sound ethical practices. High program expense ratios suggest that a significant portion of its funding is directed toward its mission-driven activities, which is a positive indicator for potential donors.
However, there are some areas for improvement, particularly regarding governance policies. The organization is noted to be missing a whistleblower policy and a document retention and destruction policy, which could present risks in oversight and accountability. Additionally, while the working capital ratio is noted, it suggests potential challenges in financial liquidity that could affect long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Hunt County Shared Ministries Inc legitimate?
Hunt County Shared Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hunt County Shared 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: $60,675
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,471
For more financial information, click here
Official website here: www.hcsmfish.org
What is the mission statement of Hunt County Shared Ministries Inc?
Hunt County Shared Ministries Inc is dedicated to providing financial aid to individuals in need within the northeast Texas area. Beyond monetary support, the organization also donates food pantry items to those struggling financially. The donations received allow the organization to assist indigent individuals in purchasing necessary food items, as well as cover expenses such as rent, utilities, and medical bills. By providing these essential resources, Hunt County Shared Ministries Inc aims to alleviate some of the financial burdens faced by those in need.
Official website here: www.hcsmfish.org
Who is the CEO of Hunt County Shared Ministries Inc?
Walter Jeffers is the Board Member of Hunt County Shared Ministries Inc.
Official website here: www.hcsmfish.org
What is the revenue of Hunt County Shared Ministries Inc?
Hunt County Shared Ministries Inc's revenue in 2022 was $2,920,216.
Official website here: www.hcsmfish.org
Who are the executives of Hunt County Shared Ministries Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.hcsmfish.org
Where can I find the form 990 for Hunt County Shared Ministries Inc?
Hunt County Shared Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hcsmfish.org
Learn more at the official website: www.hcsmfish.org
Mission Statement of Hunt County Shared Ministries Inc
Hunt County Shared Ministries Inc is an organization dedicated to providing financial assistance to indigent individuals residing in the northeast Texas area. Their mission extends beyond monetary support, as they also donate food pantry items to those in need within the region. By receiving donations, the organization is able to distribute funds to the indigent, enabling them to purchase essential items such as food. Moreover, Hunt County Shared Ministries Inc maintains a food pantry, stocked with necessary items, which they distribute to those in need. Additionally, the organization utilizes the donations to assist individuals with paying their rent, utilities, and medical bills. This holistic approach helps alleviate some of the financial burdens faced by the indigent in the northeast Texas area.
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Impact
July, 2024
Hunt County Shared Ministries Inc's impact is significant in providing financial support for indigent people in the Northeast Texas area. Through donations of money, the organization is able to assist individuals in need with the purchase of food, rent, utilities, and medical bills. Additionally, the organization maintains a food pantry for distribution to the indigent, as well as others in need in the community. This support plays a vital role in helping those facing financial hardships to meet their basic needs and improve their quality of life.
This information is meant to be a general summary of Hunt County Shared 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: $148
- Gross Receipts: $2,939,162
Assets and Liabilities:
- Total Assets: $424,640
- Total Liabilities: $2,082
- Net Assets: $422,558
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Organization Details
Founding Year
1990
Phone
(903) 455-0545Principal Officer
Walter Jeffers
Main Address
PO BOX 124, GREENVILLE, TX, 75403
Website
www.hcsmfish.orgNTEE Category
Code: X21M - Religion related
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