Overview
What is Apc Ministries Inc?
Apc Ministries Inc, located in Porter, Texas, functions as a nonprofit organization with a primary focus on distributing charitable contributions to various religious and philanthropic ministry services, as sanctioned by their board of directors. Their mission is centered around receiving and dispersing funds for the betterment of ministry services, contributing to the advancement of the Apostolic Faith.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 67%)
Apc Ministries Inc has been rated as needing improvement with a two-star rating, reflecting its 67% score. The organization shows strengths in its financial performance, notably achieving a program expense ratio of 100%, indicating that all its expenses are directed towards its programs. Additionally, it has a good liabilities to assets ratio of 7.99%, which suggests a solid financial footing in managing its liabilities compared to its assets.
However, there are significant organizational weaknesses that need to be addressed. Notably, Apc Ministries Inc has no independent board members, which can raise concerns regarding governance and oversight. Furthermore, several essential policies, including conflict of interest, whistleblower, and document retention, are missing, which could potentially impact accountability and transparency.
The organization also falls short in its public transparency efforts, as it lacks a website link on its tax form and has not posted its tax form on its nonprofit website. These gaps in information can hinder the public's ability to access important financial details about the organization, thereby affecting donor trust. Overall, while there are some positive financial indicators, the lack of independent oversight and transparency policies marks areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Apc Ministries Inc legitimate?
Apc Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Apc 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: $82,515
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,873
For more financial information, click here
What is the mission statement of Apc Ministries Inc?
Apc Ministries Inc's mission involves receiving and dispersing charitable contributions to support various ministry services and advance the Apostolic Faith. The organization's primary objective is to use these contributions to fund religious and charitable activities, as approved by their board of directors. Their mission is centered around furthering the Apostolic Faith through these charitable contributions and ministry services.
Who is the CEO of Apc Ministries Inc?
Joel Mccoy is the President of Apc Ministries Inc.
What is the revenue of Apc Ministries Inc?
Apc Ministries Inc's revenue in 2022 was $837,918.
Who are the executives of Apc Ministries Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Apc Ministries Inc?
Apc Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Apc Ministries Inc
Apc Ministries Inc, a nonprofit organization, is dedicated to collecting and distributing charitable contributions to support various ministry services and advance the Apostolic Faith. Their mission is to channel funds towards religious and charitable initiatives that align with the approval of their board of directors. By doing so, Apc Ministries Inc contributes to the broader community, furthering the causes they deem worthy and in line with their religious beliefs.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Apc Ministries Inc's impact lies in the dissemination of charitable contributions to support various religious and charitable ministry services approved by its board of directors. Through these disbursements, Apc Ministries Inc plays a crucial role in advancing the Apostolic Faith and contributing to the well-being of communities in need.
This information is meant to be a general summary of Apc 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: $837,918
Assets and Liabilities:
- Total Assets: $2,518,450
- Total Liabilities: $201,295
- Net Assets: $2,317,155
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2018
Principal Officer
Joel Mccoy
Main Address
Po Box 186, Porter, TX, 77365
NTEE Category
Code: X20 - Religion related
If you are a representative of Apc Ministries Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.