Overview
What is St Teresa Ministries Inc?
St. Teresa Ministries Inc, established in May 2020, is a Catholic nonprofit organization based in Bowling Green, Kentucky. With a mission to serve those in need in the community, they provide food, essentials, and emergency aid to low-income earners and the elderly. Utilizing assets from the STM Thrift Store and fostering community partnerships, they've been successful in their mission. They financially support Holy Spirit St. Vincent de Paul and St. Joseph de Paul food pantries, which serve a significant number of clients. In addition, they've donated to various local organizations, such as Habitat for Humanity, Family Enrichment Center's Wee Care Program, and the Good Samaritan Group, to aid in providing meals, basic toiletries, and affordable childcare. Looking forward to the future, they plan to maintain their relationships with existing organizations and seek out new ones with similar missions. Despite a planned move in 2023 and increased expenses, they remain hopeful about the growth of their sales and donations. The community's support, regardless of size, is deeply appreciated by St. Teresa Ministries Inc.
Official website here: www.svdpbg.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 69%)
St Teresa Ministries Inc has received a two-star rating, indicating a need for improvement in its overall accountability and financial practices. While the organization demonstrates strengths such as a fully independent board and a high program expense ratio of 79.11%, which shows a significant focus on its mission-related activities, there are several critical areas where it falls short. Notably, the organization has not provided financial statements or essential policies like conflict of interest and whistleblower policies.
The lack of transparency in financial reporting, evidenced by a score of zero for the availability of financial statements, raises concerns about the organization's overall accountability. Additionally, the absence of a conflict of interest policy and other governance documentation further highlights areas that require immediate attention. The Liabilities to Assets Ratio is favorable at 0.65%, indicating financial stability, but the missing documents and policies suggest that there is work to be done to enhance organizational integrity.
In summary, while St Teresa Ministries Inc shows promise through its independent governance and efficient program spending, the organization needs to address its deficiencies in financial reporting and policy implementation to build trust and improve its rating. Addressing these weaknesses will be crucial for enhancing its reputation and ensuring accountability to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about St Teresa Ministries Inc?
92% of 25 reviewers on Facebook recommend St. Teresa Ministries Inc. Here is a summary of their reviews:
Many individuals highlight the compassion and thoughtfulness of the staff associated with the nonprofit. Although some reviewers have not had direct experiences with the organization, they express confidence in the positive impact made by the people involved. The reputation of the staff at the connected thrift store is particularly noted, suggesting that the nonprofit is likely supported by dedicated and caring individuals.
Overall, it seems that the sentiments surrounding St. Teresa Ministries Inc. are quite favorable, reflecting trust in the organization and its mission. The common theme in the feedback emphasizes the conscientious nature of those who work there, which contributes to a positive perception of the nonprofit as a whole.
This AI summary has been generated from reviews found on Facebook.
Is St Teresa Ministries Inc legitimate?
St Teresa Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Teresa 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: $344,068
For more financial information, click here
Official website here: www.svdpbg.org/
What is the mission statement of St Teresa Ministries Inc?
St. Teresa Ministries' mission is centered around providing essential aid to low-income earners and the elderly. This is achieved through the utilization of St. Teresa Ministries Thrift Store assets and by fostering and strengthening community partnerships. The organization believes in serving its community in various ways, viewing itself as a nonprofit Catholic organization with a purpose to assist those in need. St. Teresa Ministries looks forward to its future, guided by the Holy Spirit, aiming to embody the compassionate role of Jesus Christ.
Official website here: www.svdpbg.org/
Who is the CEO of St Teresa Ministries Inc?
Owen Herndon is the President of St Teresa Ministries Inc.
Official website here: www.svdpbg.org/
What is the revenue of St Teresa Ministries Inc?
St Teresa Ministries Inc's revenue in 2022 was $1,169,963.
Official website here: www.svdpbg.org/
Who are the executives of St Teresa Ministries Inc and what are their salaries?
The average compensation at St Teresa Ministries Inc during 2022 was $13,763. There are 25 employees at St Teresa Ministries Inc.
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Official website here: www.svdpbg.org/
Where can I find the form 990 for St Teresa Ministries Inc?
St Teresa Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.svdpbg.org/
Learn more at the official website: www.svdpbg.org/
Mission Statement of St Teresa Ministries Inc
St. Teresa Ministries, a nonprofit Catholic organization, began its operations in May 2020 with a mission to assist those in need within the community. Their primary focus is to provide food, essential items, and emergency services to low-income earners and the elderly. They achieve this mission by leveraging the assets of their STM Thrift Store and by actively fostering and enhancing community partnerships. The organization believes in its purpose to help individuals in various ways, with a strong conviction that they are called to be the hands and feet of Jesus Christ. St. Teresa Ministries looks forward to a future guided by the Holy Spirit, continuing its mission to serve and support those in need within its community.
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Impact
July, 2024
St. Teresa Ministries Inc has made a significant impact in the Bowling Green community by providing food, basic necessities, and emergency services to low-income earners and the elderly. Through partnerships and donations, they have supported local food pantries, affordable housing initiatives, childcare programs, and community outreach projects. Their dedication to serving those in need exemplifies their mission to be the hands and feet of Jesus Christ in Bowling Green. The organization's continued growth and outreach efforts demonstrate their commitment to making a positive difference in the lives of individuals and families facing challenges.
This information is meant to be a general summary of St Teresa 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.
- Investment Income: $8,792
- Gross Receipts: $1,274,203
Assets and Liabilities:
- Total Assets: $1,411,002
- Total Liabilities: $5,930
- Net Assets: $1,405,072
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Organization Details
Phone
(270) 904-1832Principal Officer
Owen Herndon
Main Address
600 US 31W BYPASS, BOWLING GREEN, KY, 42101
Website
www.svdpbg.org/NTEE Category
Code: P29 - Human services
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