Pivot Ministries Inc
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Bridgeport, CT
- Founding
- 03/1966
- Data as of
- 12/2021
- EIN
- 06-0839030
Organization Overview
Pivot Ministries Inc is located in Bridgeport, CT. The organization was established in 1966. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 12/2021, Pivot Ministries Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pivot 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, Pivot Ministries Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $821.6k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE REHABILITATION OF MEN FOR WHOM DRUGS ARE AN OVERRIDING PROBLEM IN THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATION OF MEN FOR WHOM DRUGS AND ALCOHOL ARE AN OVERRIDING PROBLEM IN THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Forti President | OfficerTrustee | 5 | $0 |
Kim Matthews Secretary | OfficerTrustee | 5 | $0 |
Richard Williams Executive Director | OfficerTrustee | 40 | $0 |
David West Treasurer | OfficerTrustee | 5 | $0 |
Susan Tracy Director | Trustee | 5 | $0 |
Rev Gail Paige-Bowman Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,000 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $815,441 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $875,441 |
| Total Program Service Revenue | $46,246 |
| Investment income | $63 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,101 |
| Net Income from Fundraising Events | $239,738 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,170,684 |
| 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. | $180,938 |
| Compensation of current officers, directors, key employees. | $10,340 |
| Compensation to disqualified persons | $140,024 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,663 |
| Advertising and promotion | $0 |
| Office expenses | $18,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $371 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,719 |
| Insurance | $57,362 |
| All other expenses | $112,821 |
| Total functional expenses | $821,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,012 |
| Savings and temporary cash investments | $150,630 |
| Pledges and grants receivable | $70,100 |
| Accounts receivable, net | $1,700 |
| 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 | $12,320 |
| Net Land, buildings, and equipment | $726,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $378,212 |
| Total assets | $1,819,684 |
| Accounts payable and accrued expenses | $11,860 |
| 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 | $20,979 |
| Total liabilities | $32,839 |
| Net assets without donor restrictions | $1,786,845 |
| 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 | $1,819,684 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pivot Ministries Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Richard Riley Conarroe Foundation Inc Southport, CT PURPOSE: DRUG AND ALCOHOL ADDICTION TREATMENT PROGRAMS | $3,000 |
Endowment Analysis
| Net Contributions | $350,000 |
| Ending Balance | $350,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Merrimack Valley Young Mens Christian Association Inc Lawrence, MA | $41,011,916 | $17,586,641 |
Bronfman Youth Fellowships In Israel Inc New York, NY | $984,006 | $2,136,263 |
Manchester Area Conference Of Churches Inc Manchester, CT | $3,217,255 | $1,782,333 |
Project Extreme Lawrence, NY | $1,424,331 | $2,267,205 |
Youth For Christ Usa Inc Halfmoon, NY | $3,427,160 | $2,127,989 |
Pivot Ministries Inc Bridgeport, CT | $1,819,684 | $1,170,684 |
Long Island Youth For Christ Inc Huntington Station, NY | $902,623 | $954,188 |
Next Gen Usa Leadership Foundation Inc Attn Eric Prusan Garden City, NY | $41,794 | $420,805 |
Orthodox Christian Fellowship Brookline, MA | $339,588 | $519,035 |
Island Kids Inc New York, NY | $179,658 | $691,484 |
Conscious Kids Inc Brooklyn, NY | $6,240,786 | $494,088 |
Albany Catholic Youth Assoc Inc Albany, NY | $1,046,557 | $206,837 |