Overview
What is Grindstone Ministries Inc?
Grindstone Ministries Inc is a nonprofit organization committed to offering disaster and humanitarian aid. In 2022, their projects include constructing Kaleb House, serving as a sanctuary for trafficking survivors, assisting individuals affected by natural disasters like tornadoes and hurricanes, and participating in various mission initiatives. Their mission encompasses providing essential support and relief to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating)
Grindstone Ministries Inc has received a two-star rating from Charity Navigator, reflecting a score of 73%. While the organization shows exceptional performance in the Culture & Community category with a perfect score of 100%, its overall rating indicates areas for improvement, particularly in accountability and finance. Despite these challenges, the organization exhibits strong governance practices, including 100% independent board members and no reported diversion of assets.
The financial health of Grindstone Ministries is commendable, highlighted by a program expense ratio of 92.92%, indicating that a significant portion of its resources is directed towards its programs. Additionally, the organization maintains a favorable liabilities to assets ratio of 0.00%, which suggests a solid financial standing. The organization also excels in its feedback collection and usage practices, scoring a full 100%, demonstrating an effective engagement with its community stakeholders.
While Grindstone Ministries has notable strengths in governance and program expenditure, the overall rating signals that further enhancements are needed in its accountability practices to improve transparency and financial management. The commitment to continuous improvement is essential for building trust and sustainability in its mission-driven initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Grindstone Ministries Inc legitimate?
Grindstone Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grindstone 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,250
For more financial information, click here
What is the mission statement of Grindstone Ministries Inc?
Grindstone Ministries Inc. is committed to providing disaster and humanitarian relief. They carry out this mission by offering essential support for various projects in 2022. Notable initiatives include constructing a safe haven, Kaleb House, for survivors of trafficking, aiding victims of natural disasters such as tornadoes and hurricanes, and participating in various mission projects. Their efforts are aimed at providing relief and support during times of crisis.
Who is the CEO of Grindstone Ministries Inc?
Theodore J Morris is the Vice Preside of Grindstone Ministries Inc.
What is the revenue of Grindstone Ministries Inc?
Grindstone Ministries Inc's revenue in 2022 was $949,212.
Who are the executives of Grindstone Ministries Inc and what are their salaries?
The average compensation at Grindstone Ministries Inc during 2022 was $24,250. There is 1 employee and 100 volunteers at Grindstone Ministries Inc.
Here are 3 key members and their salaries:
- Compensation: $55,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Grindstone Ministries Inc?
Grindstone Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grindstone Ministries Inc
Grindstone Ministries Inc is dedicated to providing disaster and humanitarian relief. Their mission encompasses offering essential support for various projects, including constructing Kaleb House as a sanctuary for survivors of trafficking, aiding individuals affected by natural disasters such as tornadoes and hurricanes, and participating in various mission projects in 2022. This nonprofit organization is committed to making a significant impact in the lives of those in need, ensuring they receive the necessary aid and assistance during challenging times.
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Impact
July, 2024
Grindstone Ministries Inc's impact includes providing disaster and humanitarian relief to those in need. They have been instrumental in supporting projects such as the construction of Kaleb House, a safe haven for survivors of trafficking, and aiding victims of tornadoes and hurricanes. Additionally, they actively participate in various mission projects to provide crucial support to communities in need. Their work in public safety and humanitarian aid has made a significant impact on those they serve.
This information is meant to be a general summary of Grindstone 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: $965,537
Assets and Liabilities:
- Total Assets: $717,026
- Total Liabilities: $0
- Net Assets: $717,026
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Organization Details
Founding Year
2019
Principal Officer
Theodore J Morris
Main Address
807 W BROADWAY STREET, SPIRO, OK, 74959
NTEE Category
Code: M20 - Public safety
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