Overview
What is Savecom?
Savecom is a small, nonprofit organization situated in Auburn, Washington. Their primary purpose is to collect and distribute charitable contributions to a variety of religious and philanthropic ministries, as endorsed by their governing board. Their mission is centered around promoting and supporting the Apostolic Faith through charitable contributions and services. With a modest workforce of just one employee, Savecom plays a modest yet significant role in channeling funds towards the betterment of religious and charitable organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (53%)
Savecom has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The organization notably lacks independent board members, which raises questions about governance and oversight. While it has not shown any material diversion of assets, the absence of key policies such as conflict of interest and whistleblower policies is concerning.
On a positive note, Savecom has a program expense ratio of 100%, suggesting that all its expenses are directed towards its programs. Additionally, the organization has a favorable liabilities to assets ratio at 0.00%, indicating that it is not in debt. However, the lack of transparency, illustrated by missing disclosures and policies, could hinder its credibility and effectiveness in the long term.
Overall, while Savecom demonstrates strong programmatic spending, its governance and accountability measures are insufficient, leading to its low rating from Charity Navigator. Stakeholders may want to consider these factors when evaluating the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Savecom legitimate?
Savecom is a legitimate nonprofit organization registered as a 501(c)(3) entity. Savecom 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: $21,473
For more financial information, click here
What is the mission statement of Savecom?
Savecom's mission is centered around receiving and distributing charitable contributions for the purpose of supporting ministry services and advancing the Apostolic Faith. The organization serves as a conduit for funds, channeling them to various religious and charitable organizations that align with its mission, as approved by its board of directors. The primary objective of Savecom is to contribute to the betterment of these ministries and the faith they represent.
Who is the CEO of Savecom?
Kenneth Bow is the Treasurer of Savecom.
What is the revenue of Savecom?
Savecom's revenue in 2022 was $191,523.
Who are the executives of Savecom and what are their salaries?
The average compensation at Savecom during 2022 was $21,473. There is 1 employee at Savecom.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Savecom?
Savecom's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Savecom
Savecom, as a nonprofit organization, is dedicated to collecting and distributing charitable contributions for the promotion and advancement of religious and philanthropic endeavors, in accordance with the decisions made by its board of directors. Its mission is centered around the disbursement of funds to various charitable and religious ministries, aligning with its objective of furthering the Apostolic Faith.
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Impact
October, 2024
Savecom plays a significant role in promoting and supporting ministry services aligned with the Apostolic Faith. By receiving and disbursing charitable contributions, it directly impacts various religious and charitable initiatives, helping to sustain and expand their reach. This support enables these ministries to effectively carry out their missions, foster community engagement, and provide essential services to those in need, ultimately strengthening faith-based outreach and development in the Auburn, WA area and beyond. Through careful approval processes guided by its board of directors, Savecom ensures that contributions are allocated to worthy causes that align with its mission, furthering both spiritual and community well-being.
This information is meant to be a general summary of Savecom. 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: $191,523
Assets and Liabilities:
- Total Assets: $1,781,098
- Total Liabilities: $0
- Net Assets: $1,781,098
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Organization Details
Founding Year
2007
Principal Officer
Kenneth Bow
Main Address
1402 Auburn Way N STE 307, Auburn, WA, 98002
NTEE Category
Code: X21 - Religion related
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