Larry Black Ministries Inc
- Assets
- $265.6k
- Revenue
- $117.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, MS
- Founding
- 11/2005
- Data as of
- 12/2023
- EIN
- 20-3325521
Organization Overview
Larry Black Ministries Inc is located in Madison, MS. The organization was established in 2005. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larry Black 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 12/2023, Larry Black Ministries Inc generated $117.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $76.2k during the year ending 12/2023. While expenses have increased by 15.2% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN MINISTRY SUPPORT AND DEVELOPMENT
SERVE AS A CONSULTANT TO CHURCHES SEEKING NEW PASTORS
SERVE AS A MENTOR TO MEN AND WOMEN WHO ARE SERVING IN LOCAL CHURCHES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry J Black Executive Di | 0 | $24,000 | |
Dr Charles Carter Director | 0 | $0 | |
Robert Roy Ward Chairman | 0 | $0 | |
Robert L Crocker MD Director | 0 | $0 | |
Allan Black Director | 0 | $0 | |
Rita Black Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,005 |
| Interest on Savings | $2,101 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,106 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $100 |
| Printing and publications | $361 |
| Other expenses | $9,693 |
| Total operating and administrative expenses | $36,042 |
| Contributions, gifts, grants paid | $40,150 |
| Total expenses and disbursements | $76,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,584 |
| Savings and temporary cash investments | $260,976 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $265,560 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Larry Black Ministries Inc has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEW ORLEANS BAPTIST THEOLOGICAL PURPOSE: REFURBISH COMPUTER LAB | $15,000 |
NEW ORLEANS BAPTIST THEOLOGICAL PURPOSE: C/V EQUIPMENT FOR CLASSROOM | $25,000 |