Living Faith Broadcasting Inc
- Assets
- $1.2m
- Revenue
- $500.0
- Investments
- $1.2m
- Employees
- 0
- Location
- Bristol, VA
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 20-1680481
Organization Overview
Living Faith Broadcasting Inc is located in Bristol, VA. The organization was established in 2005. According to its NTEE Classification (X82) the organization is classified as: Religious Television, 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. Living Faith Broadcasting Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS ESTABLISHED FOR THE SOLE PURPOSE OF OWNING THE STOCK OF LIVING FAITH MINISTRIES, INC. WHICH IS EXEMPT UNDER 501(C)(3) AND IS A CHRISTIAN BASED TELEVISION NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION WAS ESTABLISHED FOR THE SOLE PURPOSE OF BORROWING MONEY AND PURCHASING ALL THE RIGHTS, TITLE AND INTEREST IN LIVING FAITH MINISTRIES, INC. FROM TOOKLAND PENTACOSTAL CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Smith President/director | OfficerTrustee | 1 | $0 |
Lisa Smith V-P & Secretary/director | OfficerTrustee | 1 | $0 |
Alan Ward Director | Trustee | 1 | $0 |
Denise Mcgeorge Director | Trustee | 1 | $0 |
Dr Rev W A Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,999 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,188,632 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,191,631 |
| Accounts payable and accrued expenses | $0 |
| 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 | $396,367 |
| Total liabilities | $396,367 |
| Net assets without donor restrictions | $0 |
| 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 | $795,264 |
| Total liabilities and net assets/fund balances | $1,191,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Word Broadcasting Network Inc Louisville, KY | $8,903,414 | $3,811,676 |
Living Faith Ministries Inc Bristol, VA | $15,068,859 | $2,998,597 |
32 North Media Inc Chesapeake, VA | $1,341,963 | $1,226,574 |
Beyond The Walls Inc Martinsville, VA | $0 | $244,634 |
Promise Of Hope Ministries Chattanooga, TN | $632,009 | $122,229 |
Falls Church Public Cable Tv Access Corporation Falls Church, VA | $88,210 | $32,463 |
Living Faith Broadcasting Inc Bristol, VA | $1,191,631 | $500 |
Christian Worldview Broadcasting Corporation Memphis, TN | $1,381,415 | $8,262 |