North Raleigh Ministries Inc
- Assets
- $2.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 65
- Location
- Raleigh, NC
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 20-0496814
Organization Overview
North Raleigh Ministries Inc is located in Raleigh, NC. The organization was established in 2004. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, North Raleigh Ministries Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Raleigh 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, North Raleigh Ministries Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 14.6% 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.
Since 2014, North Raleigh Ministries Inc has awarded 11 individual grants totaling $594,357. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EQUIP FAMILIES AND INDIVIDUALS IN CRISIS WITH THE RESOURCES AND SKILLS NEEDED TO ACHIEVE STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT NRM WE PROVIDED FOOD ASSISTANCE, FINANCIAL LITERACY, ONE-ONE CASE MANAGEMENT, AND OTHER SUPPORTIVE SERVICES TO NORTH RALEIGH RESIDENTS EXPERIENCING FINANCIAL HARDSHIP.
DONATED CLOTHES AND HOUSEHOLD ITEMS NOT BEING SOLD IN THE THRIFT SHOPPE WERE GIVEN TO OTHER 501(C)(3) ORGANIZATIONS TO DISTRIBUTE TO OTHER NEEDY INDIVIDUALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Pygott Executive Director | OfficerTrustee | 40 | $94,712 |
Charles Breeding Board Chair | OfficerTrustee | 2 | $0 |
Henry Knight Treasurer | OfficerTrustee | 2 | $0 |
Liz David Vice Chair | OfficerTrustee | 2 | $0 |
Rhonda Davis Secretary | OfficerTrustee | 2 | $0 |
Dick Wilson Immediate Past Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,386,317 |
| Noncash contributions included in lines 1a–1f | $2,911,446 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,540,417 |
| Total Program Service Revenue | $0 |
| Investment income | $2,068 |
| 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 | -$71,745 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,470,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,211 |
| Grants and other assistance to domestic individuals. | $561,474 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,212 |
| Compensation of current officers, directors, key employees. | $5,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $901,230 |
| Pension plan accruals and contributions | $10,267 |
| Other employee benefits | $78,874 |
| Payroll taxes | $80,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,704 |
| Advertising and promotion | $10,104 |
| Office expenses | $160,256 |
| Information technology | $3,970 |
| Royalties | $0 |
| Occupancy | $614,787 |
| Travel | $4,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,585 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,019 |
| Insurance | $22,472 |
| All other expenses | $0 |
| Total functional expenses | $2,767,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,580 |
| Savings and temporary cash investments | $1,386,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,738 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $340,963 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $88,529 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,633 |
| Total assets | $2,243,323 |
| Accounts payable and accrued expenses | $35,570 |
| 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 | $35,570 |
| Net assets without donor restrictions | $1,692,557 |
| Net assets with donor restrictions | $515,196 |
| 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 | $2,243,323 |
Grants Awarded
Over the last fiscal year, North Raleigh Ministries Inc has awarded $249,738 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Whitley City, KY PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION BY PROVIDING MUCH NEEDED ASSISTANCE THOUGH CHURCH SUPPORTED PARTNERSHIPS. | $109,415 |
Whitley City, KY PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION BY PROVIDING MUCH NEEDED ASSISTANCE THOUGH CHURCH SUPPORTED PARTNERSHIPS. | $109,415 |
Raleigh, NC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION BY PROVIDING MUCH NEEDED ASSISTANCE THOUGH CHURCH SUPPORTED PARTNERSHIPS. | $9,004 |
Raleigh, NC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION BY PROVIDING MUCH NEEDED ASSISTANCE THOUGH CHURCH SUPPORTED PARTNERSHIPS. | $9,004 |
Raleigh, NC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION BY PROVIDING MUCH NEEDED ASSISTANCE THOUGH CHURCH SUPPORTED PARTNERSHIPS. | $6,450 |
Raleigh, NC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION BY PROVIDING MUCH NEEDED ASSISTANCE THOUGH CHURCH SUPPORTED PARTNERSHIPS. | $6,450 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Raleigh Ministries Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Wake Electric Care Inc Youngsville, NC PURPOSE: COMMUNITY | $1,000 |
Endowment Analysis
| Beg. Balance | $15,196 |
| Net Contributions | $500,000 |
| Ending Balance | $515,196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |
South Carolina Christian Foundation Spartanburg, SC | $40,412,678 | $17,223,785 |
Acca Inc Annandale Christian Community For Action Annandale, VA | $4,445,077 | $8,164,971 |