Barnabas Ministries
- Assets
- $59.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lenoir City, TN
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 01-0573990
Organization Overview
Barnabas Ministries is located in Lenoir City, TN. The organization was established in 2002. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barnabas Ministries is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Barnabas Ministries generated $52.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $55.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Hutchison President | 40 | $0 | |
Jonathan Hutchison Secretary | 0 | $0 | |
Jim Matlock Vice President | 0 | $0 | |
David Matlock Board Member | 0 | $0 | |
John E Wampler Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,960 |
| Total Program Service Revenue | $6,020 |
| Membership dues | $0 |
| Investment income | $1,167 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $142 |
| Total Revenue | $52,289 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,830 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,100 |
| Printing, publications, postage, and shipping | $4,508 |
| Other expenses | $38,799 |
| Total expenses | $55,237 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,437 |
| Other assets | $0 |
| Total assets | $59,620 |
| Total liabilities | $864 |
| Net assets or fund balances | $58,756 |