Overview
What is Mexican Gospel Mission Inc?
Mexican Gospel Mission Inc is a nonprofit organization based in Phoenix, Arizona, with a focus on assisting Hispanic ministries and operating a Bible college. Their mission is to recognize the powerful working of God in the Hispanic world and serve as a spirit-led team of fundamental Baptist missionary servants. They are committed to multiplying Christlike leaders by serving Bible-believing local churches for the glory of Jesus Christ. With a team of 17 dedicated individuals, the organization's operations span across various aspects of Hispanic ministry, contributing to the growth and strengthening of local churches in the Hispanic community.
Official website here: www.mgmi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%)
Mexican Gospel Mission Inc has received a rating of "Needs Improvement" from Charity Navigator, with an overall score of 69%, which translates to a two-star rating. The organization demonstrates strong accountability in certain areas, notably with 87% of its board members being independent and maintaining a low liabilities to assets ratio of 2.33%. Furthermore, it allocates a high percentage (82.56%) of its expenses directly towards programs, indicating a commitment to its mission.
However, there are significant areas where the organization lacks transparency and compliance with best practices. No financial statements were available, which resulted in a score of zero in that category. Additionally, essential policies such as a conflict of interest policy, whistleblower policy, and document retention policy are missing, suggesting room for improvement in governance practices.
Overall, while Mexican Gospel Mission Inc shows promise through its financial management and program dedication, the absence of key policies and documentation limits its rating and reflects a need for enhanced organizational practices. Addressing these issues could contribute to a stronger rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mexican Gospel Mission Inc legitimate?
Mexican Gospel Mission Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mexican Gospel Mission 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: $422,600
For more financial information, click here
Official website here: www.mgmi.org
What is the mission statement of Mexican Gospel Mission Inc?
Mexican Gospel Mission Inc's mission is centered around recognizing the powerful work of God in the Hispanic world. They aim to assemble a spirit-led team of fundamental Baptist missionary servants, committed to multiplying Christlike leaders by serving Bible-believing local churches. This mission is carried out with the intention of bringing glory to Jesus Christ. The organization's operations include supporting missions, aiding Hispanic ministries, and managing a Bible college.
Official website here: www.mgmi.org
Who is the CEO of Mexican Gospel Mission Inc?
David R Shumate is the Secretary/Tr of Mexican Gospel Mission Inc.
Official website here: www.mgmi.org
What is the revenue of Mexican Gospel Mission Inc?
Mexican Gospel Mission Inc's revenue in 2022 was $625,536.
Official website here: www.mgmi.org
Who are the executives of Mexican Gospel Mission Inc and what are their salaries?
The average compensation at Mexican Gospel Mission Inc during 2022 was $24,859. There are 17 employees at Mexican Gospel Mission Inc.
Here are 5 key members and their salaries:
- Compensation: $34,207
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mgmi.org
Where can I find the form 990 for Mexican Gospel Mission Inc?
Mexican Gospel Mission Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mgmi.org
Learn more at the official website: www.mgmi.org
Mission Statement of Mexican Gospel Mission Inc
Mexican Gospel Mission Inc is a nonprofit organization dedicated to recognizing the powerful workings of God in the Hispanic world. Their mission is to assemble a team of spirit-led fundamental Baptist missionary servants who are committed to multiplying Christlike leaders by serving Bible-believing local churches, ultimately glorifying Jesus Christ. In their pursuit of this mission, Mexican Gospel Mission Inc engages in various operations aimed at supporting Hispanic ministries and operating a Bible college. Their ultimate goal is to contribute to the growth and strengthening of the Hispanic Christian community.
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Impact
July, 2024
Mexican Gospel Mission Inc's impact is deeply rooted in recognizing the powerful working of God in the Hispanic world. Their spirit-led team of fundamental Baptist missionary servants is dedicated to multiplying Christlike leaders by serving Bible-believing local churches for the glory of Jesus Christ. Through their operations in missions, assisting Hispanic ministries, and supporting a Bible college, they are actively spreading the message of faith and empowering communities to grow spiritually. Their work in Phoenix, AZ, reflects a commitment to fostering a strong foundation of religious belief and leadership within the Hispanic community, ultimately creating a lasting impact on individuals and churches.
This information is meant to be a general summary of Mexican Gospel Mission 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: $20
- Program Service Revenue: $31,960
- Gross Receipts: $625,536
Assets and Liabilities:
- Total Assets: $323,733
- Total Liabilities: $7,571
- Net Assets: $316,162
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES & OTHER INCOME
Revenue
$31,960
Organization Details
Founding Year
1941
Phone
(602) 272-0312Principal Officer
David R Shumate
Main Address
POST OFFICE BOX 6128, PHOENIX, AZ, 850056128
Website
www.mgmi.orgIf you are a representative of Mexican Gospel Mission 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.