Overview
What is Loaves And Fishes Ministries Of Fremont County Inc?
Loaves and Fishes Ministries of Fremont County Inc, situated in Canon City, Colorado, is a nonprofit organization committed to providing essential food support to those in need within the county. Their mission is deeply rooted in sharing God's love by serving individuals and families who are grappling with their fundamental needs. With a dedicated workforce of 29 employees, they strive to make a tangible difference in the community by offering food resources.
Official website here: www.lfministries.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
Loaves And Fishes Ministries Of Fremont County Inc has achieved a commendable 92% rating, which reflects strong accountability and financial health. The charity scored a perfect 10 out of 10 for having an independent board and demonstrated excellent financial practices, with no material diversion of assets reported. Their program expense ratio is notably high at 92.22%, indicating that a significant majority of their expenditures directly support their mission, which is a positive sign for potential donors.
The organization's financial management is robust, evident from a low liabilities to assets ratio of just 2.87% and a working capital ratio of 1.32 years, which indicates they have sufficient funds to cover their liabilities. Additionally, the charity has implemented comprehensive policies for conflict of interest, whistleblower protections, and document retention, contributing to their strong governance framework.
While the data does not highlight any specific areas for improvement, the organization's perfect fundraising efficiency ratio, indicating no costs in fundraising, suggests they operate with very minimal overhead. Overall, Loaves And Fishes Ministries appears to be an effective and transparent organization focused on its charitable goals.
This AI summary has been generated from information found on Charity Navigator.
Is Loaves And Fishes Ministries Of Fremont County Inc legitimate?
Loaves And Fishes Ministries Of Fremont County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loaves And Fishes Ministries Of Fremont County 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: $58,412
Professional Fundraising Fees: $0
Other Salaries and Wages: $575,226
For more financial information, click here
Official website here: www.lfministries.org
What is the mission statement of Loaves And Fishes Ministries Of Fremont County Inc?
Loaves and Fishes Ministries of Fremont County Inc is devoted to expressing God's love by assisting individuals and families who are facing challenges in meeting their fundamental needs. Their mission is centered around providing food to those who are in need within the county. The organization's activities are driven by this mission, aiming to alleviate hunger and offer support to those who are struggling with their basic necessities.
Official website here: www.lfministries.org
What is the revenue of Loaves And Fishes Ministries Of Fremont County Inc?
Loaves And Fishes Ministries Of Fremont County Inc's revenue in 2023 was $2,159,932.
Official website here: www.lfministries.org
Who are the executives of Loaves And Fishes Ministries Of Fremont County Inc and what are their salaries?
The average compensation at Loaves And Fishes Ministries Of Fremont County Inc during 2023 was $21,850. There are 29 employees and 968 volunteers at Loaves And Fishes Ministries Of Fremont County Inc.
Here are 10 key members and their salaries:
- Compensation: $58,412
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.lfministries.org
Where can I find the form 990 for Loaves And Fishes Ministries Of Fremont County Inc?
Loaves And Fishes Ministries Of Fremont County Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lfministries.org
Learn more at the official website: www.lfministries.org
Mission Statement of Loaves And Fishes Ministries Of Fremont County Inc
Loaves and Fishes Ministries of Fremont County Inc is a nonprofit organization committed to sharing God's love by serving individuals and families who are facing challenges with their basic needs. Their mission is to provide food to those in need within Fremont County, demonstrating compassion and care in their actions. By offering this essential resource, Loaves and Fishes Ministries aims to alleviate some of the hardships faced by struggling families, helping them to focus on other aspects of their lives with a sense of stability and support. The organization's mission reflects a deep-seated belief in the importance of serving others and upholding the values of love and compassion in the community.
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Impact
July, 2024
Loaves And Fishes Ministries Of Fremont County Inc has a significant impact in Canon City, Colorado by providing food to individuals and families in need. Their mission of sharing the love of God through this service directly addresses the basic needs of those struggling in the community. By offering food assistance, they are able to make a positive impact on the lives of individuals and families facing food insecurity in Fremont County.
This information is meant to be a general summary of Loaves And Fishes Ministries Of Fremont County 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: $9,821
- Program Service Revenue: $90,350
- Gross Receipts: $2,159,932
Assets and Liabilities:
- Total Assets: $2,424,128
- Total Liabilities: $69,646
- Net Assets: $2,354,482
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
New Creations Inn Program
Revenue
$90,350
Organization Details
Founding Year
1985
Principal Officer
Deidra Clement
Website
www.lfministries.orgNTEE Category
Code: P60Z - Human services
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