L I F E Ministries Inc
- Assets
- $1.7m
- Revenue
- $376.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Wolfeboro Falls, NH
- Founding
- 10/1985
- Data as of
- 03/2022
- EIN
- 02-0387107
Organization Overview
L I F E Ministries Inc is located in Wolfeboro Falls, NH. The organization was established in 1985. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 03/2022, L I F E Ministries Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L I F E Ministries Inc 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 03/2022, L I F E Ministries Inc generated $376.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $157.7k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS AN EXTENSION OF THE OUTREACH MINISTRIES OF THE CHRISTIAN CHURCHES IN THE WOLFEBORO AREA, THE MISSION AND PURPOSE OF THE L.I.F.E. MINISTRIES IS TO SHARE THE POWER OF THE GOSPEL OF JESUS CHRIST BY REACHING OUT TO PEOPLE TO MEET THEIR PHYSICAL AND SPIRITUAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOOD AND SOME BASIC NECESSITIES TO LOW INCOME FAMILIES/PERSONS IN NEED.
PROVIDE FOOD AND SOME BASIC NECESSITIES TO LOW INCOME FAMILIES/PERSONS IN NEED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Turner President | OfficerTrustee | 22 | $0 |
Susan Hugel Secretary | OfficerTrustee | 2 | $0 |
Deborah Lynch Asst Treasur | OfficerTrustee | 8 | $0 |
Diana Scott Treasurer | OfficerTrustee | 10 | $0 |
Rev Bill Petersen Director | Trustee | $0 | |
Judy Cole Director | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $345,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,293 |
| Total Program Service Revenue | $0 |
| Investment income | $30,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $376,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105 |
| Advertising and promotion | $7,879 |
| Office expenses | $6,616 |
| Information technology | $2,274 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,820 |
| Insurance | $5,328 |
| All other expenses | $0 |
| Total functional expenses | $157,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,833 |
| Savings and temporary cash investments | $50,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $48,651 |
| Investments—publicly traded securities | $1,368,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,660,406 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,660,406 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,660,406 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that L I F E Ministries Inc has recieved totaling $24,287.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support, food distribution | $18,250 |
Jacob & Eugenie Bucky Memorial Foundation Inc Queensbury, NY PURPOSE: FOOD FOR NEEDYFAMILIES | $5,000 |
Henry F Hurlburt Iii Charitable Trust Wolfeboro, NH PURPOSE: GENERAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Sheperd Food Bank Auburn, ME | $53,999,694 | $81,382,745 |
Vermont Foodbank Barre, VT | $37,316,599 | $36,820,063 |
The Food Bank Of Western Massachusetts Inc Hatfield, MA | $32,478,592 | $28,657,996 |
Worcester County Food Bank Inc Shrewsbury, MA | $18,509,870 | $19,136,564 |
The Open Door Cape Ann Food Pantry Inc Gloucester, MA | $8,508,042 | $7,338,820 |
Merrimack Valley Food Bank Inc Lowell, MA | $5,091,196 | $5,773,148 |
Family Pantry Of Cape Cod Corp The Harwich, MA | $8,217,901 | $5,260,045 |
Brookline Food Pantry Inc Brookline, MA | $2,189,044 | $2,580,358 |
The Salem Pantry Inc Salem, MA | $730,790 | $2,165,519 |
Augusta Food Bank Augusta, ME | $1,219,516 | $1,872,352 |
Centre Street Food Pantry Inc Newton, MA | $631,600 | $1,597,898 |
Share Outreach Incorporated Milford, NH | $2,894,736 | $1,574,463 |