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.
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 |
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 |
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 |
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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 |
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Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |