Sherry White Ministries Inc
- Assets
- $224.8k
- Revenue
- $269.3k
- Investments
- $0.0
- Employees
- 14
- Location
- Wauchula, FL
- Founding
- 07/2006
- Data as of
- 12/2023
- EIN
- 20-4076755
Organization Overview
Sherry White Ministries Inc is located in Wauchula, FL. The organization was established in 2006. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Sherry White Ministries Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherry White 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, Sherry White Ministries Inc generated $269.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $264.9k during the year ending 12/2023. While expenses have increased by 19.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHERRY WHITE MINISTRIES INC IS A RELIGIOUS ORGANIZATION THAT HAS BEEN ESTABLISHED TO TEACH THE BIBLE,ESTABLISH CHURCHES,SCHOOLS AND OTHER RELATED SPIRITUAL & RELIGIOUS ORGANIZATIONS, TO ORDAIN & AUTHORIZED MINISTRIES, DISCIPLES AND TEACHERS SPREADING THE GOOD NEWS OF JESUS CHRIST
Describe the Organization's Program Activity:
OTHER PROGRAM SERVICES
NEW BETHLEHAM ORPHANAGE IN THE DOMINCAN REPUBLIC IS A HOME FOR GIRLS THAT HAVE NO MEANS OF SUPPORTS. THE LYDIA HOUSE LADIES EXPERIENCE LOVE AND COMPASSION FOR THE CHILDREN.
PIONEER VILLAGE IS A MULTIPURPOSE FACILITY BEING BUILT TO PROVIDE A SAFE ENVIRONMENT FOR WORMEN IN OUR PROGRAMS TO REUNITE WITH THEIR FAMILIES.
LYDIA HOUSE IS A HOME FOR WOMEN WITH A VARIETY OF NEEDS INCLUDING THOSE WHO HAVE BEEN IN PRISON, HOMELESS FROM REHABILITATION CENTERS, BATTERED AND ABUSED. LYDIA HOUSE USES EDUCATIONAL MATERIALS AND MORAL PRINCIPLES TO PREPARE THEM TO JOIN THE JOB MARKET AS PRODUCTIVE CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace Preston Director | Trustee | 5 | $0 |
Terry Cherry Director | Trustee | 5 | $0 |
Deborah Sosa Director | Trustee | 5 | $0 |
John M White Director | Trustee | 10 | $0 |
Montry Thompson Sectdirector | Trustee | 10 | $0 |
Sherry White President Director | Officer | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $118,725 |
| Membership dues | $0 |
| Fundraising events | $142,630 |
| Related organizations | $0 |
| 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 | $261,355 |
| Total Program Service Revenue | $7,935 |
| Investment income | $5 |
| 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 | $269,295 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,625 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,300 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,600 |
| Compensation of current officers, directors, key employees. | $15,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $389 |
| Advertising and promotion | $126 |
| Office expenses | $6,677 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,733 |
| Travel | $510 |
| 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 | $2,792 |
| All other expenses | $0 |
| Total functional expenses | $264,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,867 |
| Savings and temporary cash investments | $10,285 |
| 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 | $205,612 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $224,764 |
| Accounts payable and accrued expenses | $13,990 |
| 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 | $13,990 |
| 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 | $210,774 |
| Total liabilities and net assets/fund balances | $224,764 |
Grants Awarded
Over the last fiscal year, Sherry White Ministries Inc has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PIONEER VILLAGE INC | | | $0 |
LYDIAS HOUSE INC | | | $0 |