Overview
What is Gospel Lakes Ministries Inc?
Gospel Lakes Ministries Inc is a nonprofit organization that operates a recreational facility and retreat center. Their primary mission is to spread the teachings of Jesus Christ to children and their families. They achieve this by hosting weekend camps for inner-city children as part of their programs, aiming to provide a fun and spiritual environment for these children and their families. The organization operates with the goal of promoting Christian values and fostering a strong spiritual connection within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Gospel Lakes Ministries Inc has achieved an 80% rating from Charity Navigator, indicating a solid performance in the area of accountability and finance. This rating is based on the organization’s strong governance practices, including a fully independent board, with 83% of its members being independent and five in total. The organization also demonstrates transparency by documenting board meeting minutes and having a well-defined conflict of interest policy.
Financially, Gospel Lakes Ministries excels with a low liabilities to assets ratio of 0.46%, reflecting good management of resources. The program expense ratio is impressive at 90.95%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. This efficiency highlights the organization's commitment to its mission and effective use of donations.
While the organization has a robust financial standing and governance structure, it is important for prospective donors to continue monitoring its performance over time. Overall, Gospel Lakes Ministries Inc represents a trustworthy choice for those looking to support a nonprofit with strong financial health and accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Gospel Lakes Ministries Inc legitimate?
Gospel Lakes Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gospel Lakes 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: $40,440
For more financial information, click here
What is the mission statement of Gospel Lakes Ministries Inc?
Gospel Lakes Ministries Inc has a mission to provide and operate a recreational facility and retreat, serving primarily children and their families. The primary objective of this organization is to spread the teachings of Jesus Christ through this setting. The ministry offers weekend camps for inner-city children as part of its programs, aiming to engage and educate these young individuals in spiritual lessons.
Who is the CEO of Gospel Lakes Ministries Inc?
Bob Jester is the Chairman of Gospel Lakes Ministries Inc.
What is the revenue of Gospel Lakes Ministries Inc?
Gospel Lakes Ministries Inc's revenue in 2022 was $462,657.
Who are the executives of Gospel Lakes Ministries Inc and what are their salaries?
The average compensation at Gospel Lakes Ministries Inc during 2022 was $13,480. There are 3 employees and 584 volunteers at Gospel Lakes Ministries Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Gospel Lakes Ministries Inc?
Gospel Lakes Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gospel Lakes Ministries Inc
Gospel Lakes Ministries, a nonprofit organization, is committed to spreading the teachings of Jesus Christ to children and their families. They achieve this mission by operating a recreation facility and retreat center. The primary aim of this retreat is to serve as a platform where the Gospel can be shared with young individuals and their families, fostering spiritual growth and understanding. As part of their programs, Gospel Lakes Ministries organizes weekend camps for inner city children, providing a unique and engaging environment for spiritual learning and development. The organization's mission is to create a space where children can connect with their faith and build meaningful relationships, ultimately strengthening their families and communities.
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Impact
July, 2024
Gospel Lakes Ministries Inc operates a recreation facility and retreat in New Waverly, TX, with the mission of spreading the Gospel of Jesus Christ to children and their families. They offer weekend camps for inner city children as part of their programs. Through their activities and outreach, Gospel Lakes Ministries has a direct impact on positively influencing the lives of children and families, providing them with spiritual guidance and a supportive community. Their focus on spreading the teachings of Jesus Christ helps individuals grow spiritually and build connections with others in a faith-based environment.
This information is meant to be a general summary of Gospel Lakes 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: $10,991
- Program Service Revenue: $3,195
- Gross Receipts: $462,657
Assets and Liabilities:
- Total Assets: $907,076
- Total Liabilities: $4,229
- Net Assets: $902,847
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAMP RENTAL FEES
Revenue
$3,195
Organization Details
Founding Year
1999
Phone
(936) 767-5055Principal Officer
Bob Jester
Main Address
675 FM 2963E, NEW WAVERLY, TX, 77358
NTEE Category
Code: X21 - Religion related
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