Lake Area Shared Ministries
- Assets
- $106.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Quinlan, TX
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 03-0415402
Organization Overview
Lake Area Shared Ministries is located in Quinlan, TX. The organization was established in 2003. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Lake Area Shared 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 12/2021, Lake Area Shared Ministries generated $103.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $106.2k during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Dian Wright Secretary | 25 | $0 | |
Vonda Jack President | 25 | $0 | |
Roger Taylor Executive Director | 40 | $0 | |
Michelle Frazier Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,358 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $103,358 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $58,328 |
| Printing, publications, postage, and shipping | $7,848 |
| Other expenses | $39,532 |
| Total expenses | $106,208 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $106,711 |
| Other assets | $0 |
| Total assets | $106,711 |
| Total liabilities | $0 |
| Net assets or fund balances | $106,711 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Area Shared Ministries has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Farmers Electric Charitablefoundation Greenville, TX PURPOSE: ASSISTANCE FOR THE NEEDY. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Of Hope Austin, TX | $30,630,297 | $30,889,522 |
New Orleans Mission Inc New Orleans, LA | $5,963,143 | $11,588,055 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
City Of Faith Prison Ministries Monroe, LA | $6,013,159 | $9,077,995 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Greater St Stephen Ministries New Orleans, LA | $35,746,422 | $4,835,716 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |