Overview
What is Bethel Ministries Inc?
Bethel Ministries Inc, located in Sparta, Tennessee (38583), is a compassionate nonprofit organization dedicated to assisting those in need. Their primary mission is to raise funds, primarily through the sales of a thrift store, to provide aid to less fortunate individuals. With a staff of 59 dedicated individuals, Bethel Ministries Inc strives to make a positive impact in their community and beyond, working tirelessly to fulfill their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41% (Zero-Star out of Four Star Rating)
Bethel Ministries Inc has received a low rating of 41% from Charity Navigator, primarily due to significant deficiencies in accountability and financial transparency. The organization scored poorly in key areas, including independent board member representation and the distribution of financial statements, which raises concerns about governance practices. While there were no material diversions of assets reported, the overall lack of financial oversight is troubling.
One of the few strengths noted in the evaluation is the program expense ratio, which indicates that a portion of their funds is allocated towards their charitable programs. However, this positive aspect is overshadowed by the organization's failure to demonstrate adequate financial health and effective fundraising strategies. The ratings reflect a concerning imbalance in how funds are managed and reported.
Overall, potential donors and supporters may find the low accountability score to be a significant red flag. The absence of a conflict of interest policy, whistleblower policy, and other governance documents can undermine trust in the organization. As such, individuals considering support for Bethel Ministries Inc should weigh these factors carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Bethel Ministries Inc legitimate?
Bethel Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethel 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: $90,909
Professional Fundraising Fees: $0
Other Salaries and Wages: $438,282
For more financial information, click here
What is the mission statement of Bethel Ministries Inc?
Bethel Ministries Inc's mission is centered around providing assistance to those in need. They accomplish this by generating funds, primarily through the sale of items at thrift stores and various other means. The organization's primary objective is to extend aid to the less fortunate community. By doing so, they aim to make a positive impact on the lives of those in need. Their activities are focused on raising funds, which are then used to provide essential support.
Who is the CEO of Bethel Ministries Inc?
David Burdette is the Vice President of Bethel Ministries Inc. The CEO's salary of Bethel Ministries Inc is $39,196 and their total compensation is $39,196.
What is the revenue of Bethel Ministries Inc?
Bethel Ministries Inc's revenue in 2022 was $2,298,617.
Who are the executives of Bethel Ministries Inc and what are their salaries?
The average compensation at Bethel Ministries Inc during 2022 was $8,969. There are 59 employees and 10 volunteers at Bethel Ministries Inc.
Here are 7 key members and their salaries (Bethel Ministries Inc's CEO's salary is $39,196 and their total compensation is $39,196):
- Compensation: $39,196
- Related: $0
- Other: $0
- Compensation: $38,290
- Related: $0
- Other: $0
- Compensation: $9,910
- Related: $0
- Other: $0
- Compensation: $3,513
- 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 Bethel Ministries Inc?
Bethel Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bethel Ministries Inc
Bethel Ministries Inc, as a nonprofit organization, is dedicated to providing assistance to those in need. They achieve this mission by leveraging multiple sources of income, primarily through the sales of goods at their thrift stores and various other means. The primary objective of Bethel Ministries Inc is to mobilize these funds to extend aid and support to less fortunate individuals. The organization's work is centered around the belief that every person deserves a chance to improve their living conditions and overcome challenges, and Bethel Ministries Inc plays a vital role in realizing this vision. By raising funds through various means, the organization is able to extend a helping hand to those in need, making a tangible difference in their lives.
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Impact
July, 2024
Bethel Ministries Inc's impact is significant in providing help and aid to the less fortunate in Sparta, Tennessee. Through its mission of raising funds from thrift store sales and other various means, Bethel Ministries Inc is able to directly support individuals in need within the community. Their focus on human services allows them to address a range of essential needs and make a positive difference in the lives of those facing challenges.
This information is meant to be a general summary of Bethel 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.
- Program Service Revenue: $2,293,267
- Gross Receipts: $2,298,617
Assets and Liabilities:
- Total Assets: $628,503
- Total Liabilities: $385,485
- Net Assets: $243,018
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE SALES
Revenue
$2,293,267
Organization Details
Phone
(931) 739-8899Principal Officer
David Burdette
Main Address
650 N SPRING ST, SPARTA, TN, 38583
NTEE Category
Code: P29 - Human services
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