Aldersgate Special Needs Ministry
- Assets
- $3.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Ballentine, SC
- Founding
- 10/1974
- Data as of
- 06/2023
- EIN
- 20-0371139
Organization Overview
Aldersgate Special Needs Ministry is located in Ballentine, SC. The organization was established in 1974. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Aldersgate Special Needs Ministry employed 40 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aldersgate Special Needs Ministry 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 06/2023, Aldersgate Special Needs Ministry generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 26.5% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING AND CARE ASSISTANCE FOR MENTALLY CHALLENGED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LODGING AND ROUND THE CLOCK CARE FOR MENTALLY CHALLENGED ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Thomas Executive Di | Trustee | 40 | $84,427 |
Wc Hammett Chair | Officer | 2 | $0 |
Michelle Hunt Secretary | Officer | 2 | $0 |
Mike Simpson Vice Chair | Officer | 2 | $0 |
Daly Ward Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,822,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,822,576 |
| Total Program Service Revenue | $162,463 |
| Investment income | $8,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,993,062 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $847,870 |
| Pension plan accruals and contributions | $6,127 |
| Other employee benefits | $79,068 |
| Payroll taxes | $66,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,977 |
| Advertising and promotion | $6,512 |
| Office expenses | $18,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,600 |
| Travel | $4,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,077 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,557 |
| Insurance | $40,604 |
| All other expenses | $59,718 |
| Total functional expenses | $1,403,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623,907 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $285 |
| Net Land, buildings, and equipment | $680,373 |
| Investments—publicly traded securities | $1,506,523 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,418 |
| Other assets | $399,819 |
| Total assets | $3,216,325 |
| Accounts payable and accrued expenses | $358,208 |
| 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 | $0 |
| Total liabilities | $358,208 |
| Net assets without donor restrictions | $2,858,117 |
| 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 | $3,216,325 |