Heartsprings International Ministries Inc
- Assets
- $969.2k
- Revenue
- $28.3k
- Investments
- $756.2k
- Employees
- 0
- Location
- Ft Lauderdale, FL
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 02-0509479
Organization Overview
Heartsprings International Ministries Inc is located in Ft Lauderdale, FL. The organization was established in 2002. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartsprings International 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 12/2021, Heartsprings International Ministries Inc generated $28.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $70.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PURPOSE IS TO RESPOND TO HUMAN NEEDS, INCLUDING BUT NOT LIMITED TO THOSE IN TIMES OF DISASTER, LIVING IN OVERSEAS COUNTRIES OR EXPERIENCING GAPS IN OTHER NEEDS. THE PRIMARY ACTIVITIES TO FULFILL THAT PURPOSE INCLUDE BEING RESPONSIVE TO SPECIFIC COMMUNITY-BASED NEEDS WHILE COMMUNICATING AND ENCOURAGING WISDOM, UNDERSTANDING, KNOWLEDGE, AND COUNSEL TO SPREAD THE WORD OF JESUS CHRIST. THE FOUNDATION WILL RAISE FUNDS FOR THE PURPOSE OF MAKING DISTRIBUTIONS FROM TIME TO TIME IN THE DISCRETION OF THE DIRECTORS OF THE FOUNDATION IN RESPONSE TO HUMAN NEED. ONE EXAMPLE OF THE FOUNDATION'S PAST REPONSE TO HUMAN NEED INCLUDED (BUT WAS NOT LIMITED TO) CONTRIBUTING SAFE WATER SYSTEMS TO BE PLACED IN FOREIGN COMMUNITIES. FUTURE ENDEAVORS OF THE FOUNDATION WILL CONTINUE TO RESPOND TO HUMAN NEEDS (BOTH PHYSICALLY AND SPIRITUALLY) USING A VARIETY OF DELIVERY METHODS, INCLUDING BOTH IN-PERSON AND ONLINE, BASED ON THE SPECIFIC NEEDS IDENTIFIED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Hartlage Director | 1 | $0 | |
Georgie Raley Director | 1 | $0 | |
Steven Jones Director | 1 | $0 | |
Susan Wilkins Secretary | 2 | $0 | |
Larry Wilkins President | 2 | $0 | |
Sean Ragains Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,526 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,016 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,767 |
| Capital Gain Net Income | $7,767 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $234 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,424 |
| Printing and publications | $0 |
| Other expenses | $40,196 |
| Total operating and administrative expenses | $45,654 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $70,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $212,969 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $756,191 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $969,160 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |
Allegany Franciscan Ministries Inc Palm Harbor, FL | $132,053,877 | $12,610,220 |
Christian Sharing Center Inc Longwood, FL | $4,167,594 | $10,357,110 |
Maimonides-Shalom Academy Inc Fort Lauderdale, FL | $17,956,185 | $11,187,159 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
Phil Waldrep Evangelistic Association Decatur, AL | $5,783,944 | $9,174,147 |
Providence Ministries Inc Dalton, GA | $6,212,621 | $7,183,854 |
North Point Productions Inc Alpharetta, GA | $13,308 | $5,389,705 |
Liberty Counsel Inc Orlando, FL | $2,666,429 | $5,572,566 |
Lighthouse Ministries Inc Lakeland, FL | $7,559,592 | $6,055,240 |
Partnership For Southern Equity Atlanta, GA | $12,175,489 | $13,586,243 |