Overview
What is Transformation Ministries Inc?
Transformation Ministries Inc, based in South Bend, Indiana, is a dedicated nonprofit organization with a mission to positively influence the youth leaders of their community. They achieve this by investing heavily in a select group of students, aiming to foster positive change in their peers, families, and community. The organization, which employs 16 individuals, seeks to transform the hearts and minds of urban youth and their families, ultimately connecting others to the city in a positive manner. In the year ending June 30, 2023, ISI, a part of Transformation Ministries Inc, served 111 students.
Official website here: www.transformation58.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
Transformation Ministries Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization has an impressive 88% of its board members serving independently, which is indicative of good governance practices. Additionally, it scores full marks for its financial oversight, ensuring that there are no material diversions of assets and demonstrating a solid liabilities-to-assets ratio.
Strengths of Transformation Ministries include a high program expense ratio of 67.73%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. Furthermore, the organization exhibits excellent financial health with 11.60 years of working capital available, signaling sustainability and the capacity to maintain operations effectively.
However, the organization has some areas that require attention, as it lacks a whistleblower policy and a document retention and destruction policy, both of which resulted in zero points in those categories. Additionally, the fundraising efficiency ratio is notably low at $0.01, which may indicate a need for improvement in fundraising strategies. Overall, while Transformation Ministries demonstrates strong financial accountability, addressing these weaknesses could further enhance its operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Transformation Ministries Inc?
100% of reviewers on Facebook recommend Transformation Ministries Inc, with all five reviews highlighting positive experiences. Here is a summary of their feedback:
Many users praise the organization for its genuine care and support, particularly emphasizing how it creates a safe environment for children in South Bend. The warmth and authenticity displayed by the staff resonate strongly with families, who feel reassured that their kids are in a nurturing place.
Overall, the sentiments reflect a deep appreciation for the impact Transformation Ministries Inc has on the community, showcasing its dedication to providing a caring space for youth.
This AI summary has been generated from reviews found on Facebook.
Is Transformation Ministries Inc legitimate?
Transformation Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transformation 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: $82,537
Professional Fundraising Fees: $0
Other Salaries and Wages: $318,070
For more financial information, click here
Official website here: www.transformation58.com
What is the mission statement of Transformation Ministries Inc?
Transformation Ministries Inc, as stated in their mission description, seeks to transform the hearts and minds of urban youth and their families. They aim to achieve this by connecting others to the city in a positive manner. The organization operates an initiative called Iron Sharpens Iron (ISI), which focuses on investing deeply in a select group of student leaders in the South Bend community. The goal is to empower these youth to become positive influences, challenging, encouraging, and sharpening their peers, families, and community. By investing heavily in a few students, Transformation Ministries Inc hopes to achieve greater long-term benefits. In the year ending June 30, 2023, they served 111 students through this program.
Official website here: www.transformation58.com
Who is the CEO of Transformation Ministries Inc?
Redgina Hill is the President of Transformation Ministries Inc.
Official website here: www.transformation58.com
What is the revenue of Transformation Ministries Inc?
Transformation Ministries Inc's revenue in 2023 was $3,049,594.
Official website here: www.transformation58.com
Who are the executives of Transformation Ministries Inc and what are their salaries?
The average compensation at Transformation Ministries Inc during 2023 was $25,038. There are 16 employees and 200 volunteers at Transformation Ministries Inc.
Here are 9 key members and their salaries:
- Compensation: $77,790
- Related: $0
- Other: $1,800
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.transformation58.com
Where can I find the form 990 for Transformation Ministries Inc?
Transformation Ministries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.transformation58.com
Learn more at the official website: www.transformation58.com
Mission Statement of Transformation Ministries Inc
Transformation Ministries Inc, as an organization, is committed to transforming the minds and hearts of urban youth and their families. This is achieved by positively engaging others with the city. The mission of Transformation Ministries Inc is to cultivate urban youth leaders in the South Bend community, encouraging them to become influential figures who motivate, inspire, and challenge their peers, families, and community. The organization believes in investing heavily in a select group of students at a deep level, with the expectation of yielding significant long-term benefits. In the year ending June 30, 2023, Transformation Ministries Inc served 111 students, demonstrating their dedication to this mission.
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Impact
July, 2024
Transformation Ministries Inc, through its Iron Sharpens Iron (ISI) program, has made a significant impact on the South Bend community by serving 111 students in the year ending June 30, 2023. The organization is dedicated to transforming the hearts and minds of urban youth and their families, as well as connecting others to the city in a positive way. By heavily investing in a small number of students at a deep level, Transformation Ministries Inc is equipping the youth leaders of South Bend to become positive influencers who challenge, encourage, and sharpen their peers, families, and community. This approach is believed to produce greater long-term benefits for the community.
This information is meant to be a general summary of Transformation 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 2023.
- Investment Income: $53,456
- Program Service Revenue: $300
- Gross Receipts: $3,049,750
Assets and Liabilities:
- Total Assets: $6,946,622
- Total Liabilities: $0
- Net Assets: $6,946,622
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY USAGE
Revenue
$300
Organization Details
Founding Year
2019
Phone
(574) 737-4020Principal Officer
Redgina Hill
Main Address
1519 PORTAGE AVE, SOUTH BEND, IN, 46616
Website
www.transformation58.comNTEE Category
Code: X21 - Religion related
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