Overview
What is Lovem Ministries Inc?
Lovem Ministries Inc is a nonprofit organization based in Fort Worth, Texas, with a postal address at PO Box 6802. Their primary mission is to spread the Gospel of Jesus Christ through various avenues, including churches, religious conferences, prisons, college campuses, and Christian schools. They are actively engaged in full-time ministry, serving as religious leaders and educators. Their work extends beyond local communities, reaching out nationally and internationally to promote Christian evangelism and missions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
Lovem Ministries Inc has received a low rating of 56% from Charity Navigator, which reflects significant concerns regarding its accountability and financial practices. The score is derived solely from the Accountability & Finance beacon, indicating that the organization may lack transparency and robust governance structures.
Key weaknesses highlighted include a total absence of independent board members and the failure to meet various financial documentation standards, such as posting tax forms on its website and maintaining a conflict of interest policy. While the organization scored well in areas like the material diversion of assets and the liabilities to assets ratio, the overall lack of adherence to best practices raises important questions about its operational integrity.
Despite some favorable financial management scores, such as a high program expense ratio, the deficiencies in governance and transparency are substantial. Prospective donors and supporters should consider these factors carefully when evaluating Lovem Ministries Inc's effectiveness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lovem Ministries Inc legitimate?
Lovem Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lovem 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: $63,900
For more financial information, click here
What is the mission statement of Lovem Ministries Inc?
Lovem Ministries Inc. is dedicated to spreading the Gospel of Jesus Christ full-time. Their mission extends beyond local churches, encompassing various groups and institutions such as prisons and religious conferences. They actively promote Christian evangelism and missions on a national and international scale. This involves preaching and teaching in churches, religious gatherings, prisons, college campuses, and Christian schools. The organization's primary objective is to share the message of Christianity, fostering spiritual growth and unity among its followers.
Who is the CEO of Lovem Ministries Inc?
Jody Kennedy is the Board Member of Lovem Ministries Inc.
What is the revenue of Lovem Ministries Inc?
Lovem Ministries Inc's revenue in 2022 was $662,275.
Who are the executives of Lovem Ministries Inc and what are their salaries?
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 Lovem Ministries Inc?
Lovem Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lovem Ministries Inc
Lovem Ministries Inc, as a nonprofit organization, is dedicated to the mission of spreading the gospel of Jesus Christ. They achieve this by working full-time, engaging with various groups such as churches, prisons, and other communities. Their primary objective is to promote Christian evangelism and missions, both locally and globally. This is accomplished through preaching and teaching in various settings, including churches, religious conferences, prisons, college campuses, and Christian schools. By doing so, Lovem Ministries Inc aims to spread the message of Jesus Christ and inspire spiritual growth in those they encounter.
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Impact
July, 2024
Lovem Ministries Inc has a profound impact on spreading the message of the Gospel of Jesus Christ. Through their dedicated work in ministering to prisons, churches, and various groups, they promote Christian evangelism and missions both locally and internationally. By preaching and teaching in a variety of settings including churches, religious conferences, prisons, college campuses, and Christian schools, Lovem Ministries Inc plays a vital role in sharing the teachings of Christianity with diverse audiences. Their commitment to reaching out and spreading the message of Christ positively impacts the lives of those they encounter.
This information is meant to be a general summary of Lovem 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.
- Gross Receipts: $662,275
Assets and Liabilities:
- Total Assets: $272,851
- Total Liabilities: $0
- Net Assets: $272,851
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Organization Details
Founding Year
1995
Principal Officer
Jody Kennedy
Main Address
PO BOX 6802, FORT WORTH, TX, 76115
NTEE Category
Code: X20 - Religion related
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