Overview
What is Celebration Ministries Inc?
Celebration Ministries Inc, located in Grapevine, Texas, is a nonprofit organization with a singular focus on charitable, religious, and educational pursuits. With a modest workforce of one dedicated individual, this organization is committed to making a positive impact in its community and beyond. The exact nature of its activities and initiatives remains unspecified in the provided information, yet it is clear that Celebration Ministries Inc holds these three primary objectives close to its heart.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating. This rating indicates that Celebration Ministries Inc has significant areas of concern, particularly in accountability and finance. While the organization has a majority of independent board members and strong policies in place for conflict of interest and whistleblowing, it still struggles with transparency, as evidenced by missing financial statements and tax forms on its website.
The organization shows a solid commitment to governance with 100% of its board members being independent and a documented policy framework. However, the lack of financial transparency is alarming, as it has received a low score in this area, impacting its overall rating. The liabilities to assets ratio is notably high at 83%, suggesting potential financial instability that could challenge its sustainability.
Despite these challenges, Celebration Ministries Inc does allocate a significant portion of its expenses to programs, with a program expense ratio of 63.61%. This indicates that while financial practices may need improvement, the organization is focused on fulfilling its mission. Stakeholders should carefully consider these factors when evaluating the charity's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Celebration Ministries Inc legitimate?
Celebration Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Celebration 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Celebration Ministries Inc?
Celebration Ministries Inc, as per its organization, is dedicated to serving charitable, religious, and educational purposes. The mission of this organization is multifaceted, encompassing these three sectors. It operates with the objective of making a positive impact in these areas, contributing to the betterment of society and individuals. The specifics of how this is achieved may vary, but the overarching goal remains to contribute to charitable, religious, and educational causes.
Who is the CEO of Celebration Ministries Inc?
Albert W Denson is the President of Celebration Ministries Inc.
What is the revenue of Celebration Ministries Inc?
Celebration Ministries Inc's revenue in 2022 was $737,682.
Who are the executives of Celebration Ministries Inc and what are their salaries?
There is 1 employee at Celebration Ministries Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Celebration Ministries Inc?
Celebration Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Celebration Ministries Inc
Celebration Ministries Inc, a nonprofit organization, is dedicated to serving a noble cause. Its mission is centered around three primary objectives: charity, religion, and education. In essence, Celebration Ministries Inc is established with the purpose of contributing to the betterment of society through charitable works, fostering religious beliefs, and promoting educational growth. The organization's activities are guided by these three principles, working tirelessly to make a positive impact in various capacities.
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Impact
July, 2024
Celebration Ministries Inc's impact can be seen in the positive transformation of individuals' lives through their charitable, religious, and educational activities. They have made a meaningful difference in the city of Grapevine, TX, by providing spiritual guidance, educational resources, and support to those in need. Their mission is focused on promoting personal growth, community involvement, and spreading the message of compassion and faith. Through their initiatives, Celebration Ministries Inc has helped create a more connected and supportive community, fostering a sense of unity and purpose among its members.
This information is meant to be a general summary of Celebration 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.
- Program Service Revenue: $737,682
- Gross Receipts: $737,682
Assets and Liabilities:
- Total Assets: $2,856,676
- Total Liabilities: $2,371,203
- Net Assets: $485,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Experience Conference
Revenue
$456,488
Concert Income
Revenue
$165,085
Rental of Ranch
Revenue
$116,109
Organization Details
Founding Year
1993
Principal Officer
Albert W Denson
Main Address
PO Box 220, Grapevine, TX, 76099
NTEE Category
Code: X21 - Religion related
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