Overview
What is Wesleyan Covenant Association?
The Wesleyan Covenant Association (WCA) is a nonprofit organization that serves as a platform for ministers, congregations, and laypersons who adhere to United Methodist doctrine and uphold a profound respect for Scripture. Established with a mission to strengthen and support these individuals, the WCA hosts national and regional meetings to inspire, equip, and foster accountability in churches and members. The organization collaborates with partner organizations that are already making significant strides in various aspects of ministry, such as leadership development, ministry resourcing, and missions engagement. Regular communication is maintained to keep members informed about the association's activities and to provide opportunities for training and networking. In essence, the WCA is a collective of like-minded individuals working together to promote the Gospel from a Wesleyan theological perspective within the United Methodist Church.
Official website here: www.wesleyancovenant.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Wesleyan Covenant Association has achieved a high rating of 96%, reflecting strong accountability and financial health. This score is derived entirely from a single beacon score focused on Accountability & Finance, indicating a solid governance structure and effective financial management. Key indicators include a fully independent board with 94% of its members being independent and a strong program expense ratio of 80.84%, which shows that the majority of their resources are directed towards their mission.
In addition to its excellent financial practices, the organization also demonstrates robust oversight mechanisms, including comprehensive audit and oversight committees, and policies for conflict of interest and whistleblower protection. The absence of any material diversion of assets further solidifies the trustworthiness of the organization. Furthermore, all necessary documents, including board meeting minutes, are well maintained and accessible.
While the rating highlights significant strengths, it is important to note that the evaluation is based solely on accountability and finance, with no assessment of program outcomes or impact. Therefore, potential donors may want to consider additional factors beyond financial metrics when evaluating the overall effectiveness of the Wesleyan Covenant Association.
This AI summary has been generated from information found on Charity Navigator.
Is Wesleyan Covenant Association legitimate?
Wesleyan Covenant Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesleyan Covenant Association 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: $182,603
Professional Fundraising Fees: $0
Other Salaries and Wages: $339,608
For more financial information, click here
Official website here: www.wesleyancovenant.org
What is the mission statement of Wesleyan Covenant Association?
The Wesleyan Covenant Association is an organization that brings together congregations, clergy, and laity who share a common mission. Their objective is to propagate the Gospel from a Wesleyan theological perspective within the United Methodist Church. The association aims to cooperate and support each other in this mission. They hold national and regional meetings to inspire, equip, and foster accountability among churches and members. The WCA also collaborates with partner organizations engaged in various ministries, including leadership development, ministry resourcing, missions engagement, and other aspects of ministry. Regular communication keeps members informed about the association's activities and provides opportunities for training and networking.
Official website here: www.wesleyancovenant.org
Who is the CEO of Wesleyan Covenant Association?
James Therrell is the Director of Wesleyan Covenant Association.
Official website here: www.wesleyancovenant.org
What is the revenue of Wesleyan Covenant Association?
Wesleyan Covenant Association's revenue in 2022 was $1,623,488.
Official website here: www.wesleyancovenant.org
Who are the executives of Wesleyan Covenant Association and what are their salaries?
The average compensation at Wesleyan Covenant Association during 2022 was $104,442. There are 5 employees and 200 volunteers at Wesleyan Covenant Association.
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- Compensation: $142,728
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- Other: $35,000
Official website here: www.wesleyancovenant.org
Where can I find the form 990 for Wesleyan Covenant Association?
Wesleyan Covenant Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wesleyancovenant.org
Learn more at the official website: www.wesleyancovenant.org
Mission Statement of Wesleyan Covenant Association
The Wesleyan Covenant Association is an organization that brings together congregations, clergy, and laity who share a common goal: to advocate for the Gospel from a Wesleyan theological perspective within the United Methodist Church. Their mission is centered around cooperation and collaboration, aiming to promote the Gospel in a manner consistent with Wesleyan theology within their church community.
To accomplish this mission, the Wesleyan Covenant Association organizes national and regional meetings. These gatherings serve to inspire, equip, and empower churches and their members, fostering a sense of unity and accountability within the association. The WCA also identifies and collaborates with partner organizations that are already engaged in various forms of ministry, such as leadership development, ministry resourcing, and missions engagement.
The association maintains regular communication with its members to keep them informed about the latest happenings and opportunities for training and networking within the organization. By working together, the Wesleyan Covenant Association aims to promote the Gospel and strengthen the United Methodist Church from a Wesleyan theological perspective.
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Impact
July, 2024
The Wesleyan Covenant Association has had a significant impact within the United Methodist Church by promoting the Gospel from a Wesleyan theological perspective. It serves as a platform for like-minded congregations, clergy, and laity to come together to uphold United Methodist doctrine and a high view of Scripture. Through national and regional meetings, the WCA inspires and equips members for effective ministry while fostering accountability. Additionally, the association collaborates with partner organizations engaged in leadership development, ministry resourcing, and missions engagement to further its mission. The WCA's regular communication and opportunities for training and networking help keep members informed and connected, contributing to its influence within the United Methodist Church.
This information is meant to be a general summary of Wesleyan Covenant Association. 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: $1,590
- Program Service Revenue: $69,257
- Gross Receipts: $1,623,488
Assets and Liabilities:
- Total Assets: $433,072
- Total Liabilities: $224,272
- Net Assets: $208,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conference Revenue
Revenue
$69,257
Organization Details
Founding Year
2016
Phone
(614) 626-2699Principal Officer
James Therrell
Main Address
P O Box 130609, The Woodlands, TX, 77393
Website
www.wesleyancovenant.orgNTEE Category
Code: X99 - Religion related
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