Overview
What is Fmi Inc?
Fmi Inc is a nonprofit organization located in Newtown Square, Pennsylvania. Their primary focus is to provide financial assistance and training to indigenous pastors in developing countries. This support is aimed at strengthening local churches and religious communities. Fmi Inc's mission revolves around empowering indigenous pastors and churches, thereby fostering spiritual growth and community development in these regions. With a workforce of three dedicated individuals, they contribute to the betterment of communities worldwide.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Fmi Inc has received an 86% score from Charity Navigator, indicating a strong focus on accountability and financial management. The organization excels in various areas, particularly with a fully independent board of directors and effective oversight, which are reflected in its high scores for board independence and financial statements. Its program expense ratio of 85.04% demonstrates a substantial commitment to allocating resources towards its programs.
The charity's strong financial health is evident from its low liabilities-to-assets ratio of 1.50%, showcasing a robust financial position. Furthermore, Fmi Inc has no reported material diversion of assets and maintains a comprehensive conflict of interest policy, ensuring transparency and integrity in its operations. These factors contribute to the overall positive rating, highlighting the organization’s responsible management practices.
However, while the high accountability and finance score is commendable, the lack of ratings in other beacons means that the charity's overall impact and effectiveness in addressing its mission are not assessed here. Prospective donors may want to consider these aspects alongside the financial metrics when evaluating their support for Fmi Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Fmi Inc legitimate?
Fmi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fmi 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: $100,745
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,273
For more financial information, click here
What is the mission statement of Fmi Inc?
FMI Inc's mission involves supporting indigenous pastors and churches in developing countries. This is accomplished by providing them with financial assistance and training. The organization aims to empower local religious leaders and their communities, fostering the growth and strength of faith-based organizations in these regions. By doing so, FMI Inc contributes to the spiritual and community development in these countries. The organization's activities are focused on uplifting indigenous pastors, enabling them to serve their communities more effectively.
What is the revenue of Fmi Inc?
Fmi Inc's revenue in 2023 was $783,958.
Who are the executives of Fmi Inc and what are their salaries?
The average compensation at Fmi Inc during 2023 was $59,006. There are 3 employees and 2 volunteers at Fmi Inc.
Here are 10 key members and their salaries:
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- Other: $35,321
- Compensation: $35,400
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- Other: $30,025
Where can I find the form 990 for Fmi Inc?
Fmi Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fmi Inc
Fmi Inc, a nonprofit organization, is dedicated to supporting indigenous pastors and churches in developing countries. Their mission is centered around providing financial assistance and training to these pastors in their respective regions. By doing so, Fmi Inc aims to empower local religious leaders and their communities, fostering the growth and development of churches in these regions. By offering financial aid and educational resources, Fmi Inc enables indigenous pastors to effectively serve their communities, ultimately contributing to the overall improvement of the regions they inhabit.
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Impact
July, 2024
Fmi Inc's impact involves providing crucial financial assistance and training to indigenous pastors in developing countries. By supporting these pastors and churches, Fmi Inc plays a significant role in strengthening and empowering local communities in need. Through their mission of supporting indigenous pastors and churches, Fmi Inc contributes to the spiritual and social well-being of these underserved populations, ultimately fostering greater stability and growth in developing countries.
This information is meant to be a general summary of Fmi 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: $11,930
- Gross Receipts: $900,771
Assets and Liabilities:
- Total Assets: $353,600
- Total Liabilities: $5,338
- Net Assets: $348,262
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Organization Details
Founding Year
1986
Principal Officer
Bruce Farra
NTEE Category
Code: Q33 - International
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