Lassid Ministries Inc
- Assets
- $239.4k
- Revenue
- $590.3k
- Investments
- $0.0
- Employees
- 13
- Location
- Milwaukee, WI
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 04-3698740
Organization Overview
Lassid Ministries Inc, operating under the name Convergence Resource Center, is located in Milwaukee, WI. 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. As of 12/2022, Convergence Resource Center employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Convergence Resource Center 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 12/2022, Convergence Resource Center generated $590.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $625.5k during the year ending 12/2022. While expenses have increased by 26.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SERVICES TO WOMEN REBUILDING THEIR LIVES AFTER TRAUMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRC PROVIDED TRAINING, RAISED AWARENESS, AND EDUCATED THE COMMUNITY BY PARTICIPATING IN MANY EVENTS. CURRENT PROGRAM SERVICES INCLUDE 1)THROUGH THE EYES OF A PARENT; 2)SOLACE SUPPORT LINE; 3)HUMAN AND SEX TRAFFICKING SUPPORT INITIATIVE; AND 4)SWISH. THE THROUGH THE EYES OF A PARENT PROGRAM PROVIDES SUPPORT FOR THE FAMILY MEMBERS OF HUMAN TRAFFICKING SURVIVORS, WALKING WITH THEM THROUGH THE UNTHINKABLE AS THEY POSITION THEMSELVES FOR THEIR LOVED ONE TO RETURN HOME, DEAL WITH A LOVED ONE ACTIVELY INVOLVED IN THE COMMERCIAL SEX TRADE AGAINST THEIR WILL, OR COPE WITH HARSH REALIZATIONS.THE SOLACE SUPPORT LINE PROVIDES A WARM LINE OF SUPPORT FOR HUMAN TRAFFICKING SURVIVORS. THIS IS NOT AN EMERGENCY OR SERVICE LINE. THIS LINE IS USED FOR SURVIVORS THAT JUST NEED TO COMMUNICATE WITH SOMEONE VIA PHONE OR TEXT.THE HUMAN AND SEX TRAFFICKING SUPPORT INITIATIVE BUILDS A NETWORK OF SUPPORT FOR HUMAN TRAFFICKING SURVIVORS. WE PARTNER WITH OTHER ORGANIZATIONS TO PROVIDE A RANGE OF SUPPORT.THE SWISH PROVIDES A VARIETY OF SERVICES DESIGNED TO HELP OUR WORKS OF ART (THAT'S WHAT WE CALL OUR CLIENTS) OBTAIN LIFE-SUSTAINING EMPLOYMENT.
CRC PROVIDED TRAINING, RAISED AWARENESS, AND EDUCATED THE COMMUNITY BY PARTICIPATING IN MANY EVENTS. CURRENT PROGRAM SERVICES INCLUDE 1)THROUGH THE EYES OF A PARENT; 2)SOLACE SUPPORT LINE; 3)HUMAN AND SEX TRAFFICKING SUPPORT INITIATIVE; AND 4)SWISH. THE THROUGH THE EYES OF A PARENT PROGRAM PROVIDES SUPPORT FOR THE FAMILY MEMBERS OF HUMAN TRAFFICKING SURVIVORS, WALKING WITH THEM THROUGH THE UNTHINKABLE AS THEY POSITION THEMSELVES FOR THEIR LOVED ONE TO RETURN HOME, DEAL WITH A LOVED ONE ACTIVELY INVOLVED IN THE COMMERCIAL SEX TRADE AGAINST THEIR WILL, OR COPE WITH HARSH REALIZATIONS.THE SOLACE SUPPORT LINE PROVIDES A WARM LINE OF SUPPORT FOR HUMAN TRAFFICKING SURVIVORS. THIS IS NOT AN EMERGENCY OR SERVICE LINE. THIS LINE IS USED FOR SURVIVORS THAT JUST NEED TO COMMUNICATE WITH SOMEONE VIA PHONE OR TEXT.THE HUMAN AND SEX TRAFFICKING SUPPORT INITIATIVE BUILDS A NETWORK OF SUPPORT FOR HUMAN TRAFFICKING SURVIVORS. WE PARTNER WITH OTHER ORGANIZATIONS TO PROVIDE A RANGE OF SUPPORT.THE SWISH PROVIDES A VARIETY OF SERVICES DESIGNED TO HELP OUR WORKS OF ART (THAT'S WHAT WE CALL OUR CLIENTS) OBTAIN LIFE-SUSTAINING EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Thelma Newby Chair | OfficerTrustee | 5 | $0 |
Arnold Cifax Sr Vice Chair | OfficerTrustee | 5 | $0 |
Ken Hayes Treasurer | OfficerTrustee | 5 | $0 |
Shirley Mallett Director | Trustee | 2 | $0 |
Dr Debbie Lassiter Ceo, Director | OfficerTrustee | 40 | $74,972 |
Penny Smith Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $275,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $290,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $565,997 |
| Total Program Service Revenue | $5,434 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$363 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $590,307 |
| 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. | $143,566 |
| Compensation of current officers, directors, key employees. | $59,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,847 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,106 |
| Payroll taxes | $19,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,690 |
| Advertising and promotion | $6,945 |
| Office expenses | $53,362 |
| Information technology | $975 |
| Royalties | $0 |
| Occupancy | $61,670 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,876 |
| Interest | $505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $244 |
| Insurance | $2,602 |
| All other expenses | $0 |
| Total functional expenses | $625,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,446 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,647 |
| 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 | $3,384 |
| Net Land, buildings, and equipment | $4,638 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,301 |
| Total assets | $239,416 |
| Accounts payable and accrued expenses | $40,953 |
| Grants payable | $0 |
| Deferred revenue | $9,000 |
| 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 | $109,697 |
| Total liabilities | $159,650 |
| Net assets without donor restrictions | $79,766 |
| 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 | $239,416 |