Joseph Storehouse Ministries Inc is located in Woodbridge, VA. The organization was established in 1996. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Joseph Storehouse Ministries Inc employed 51 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Joseph Storehouse 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, Joseph Storehouse Ministries Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN SCHOOL & ACADEMY/EDUCATIONAL SERVICES. SERVE AS AN EXTENSION OF THE FAMILY & HOME, PARTNERING WITH THE FAMILY AND CHURCH COMMUNITY TO PRESENT AN OPTIMAL ENVIRONMENT FOR NURTURING & LEARNING. PRESENTATION OF EDUCATIONAL MATERIALS THAT BUILD READING & MATH SKILLS TO INCOME CHALLENGED DEMOGRAPHICS. SEND MISSIONARIES ABROAD AND SUPPORT OTHER MINISTRIES THAT FEED AND CLOTH CHILDREN WHILE EDUCATING THEM IN CHRISTIAN PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CHRITIAN EDUCATION PROGRAM WAS IMPLEMENTED TO OVER 100 CHILDREN AGES 3 WEEKS TO 4 YEARS. THE ABEKA ALONG WITH THE HIGH REACH PROGRAMS AIDE THE TEACHERS OFFERING LANGUAGE DEVELOPMENT TO AGES 8 MONTHS TO 4 YEARS OF AGE. THE DEVELOPMENT EVALUATION GUIDELINE CONTINUED FOR AGES 16 MONTHS AND OLDER TO HELP IDENTIFY AREAS OF ACADEMIC AND SOCIAL STRENGHTS AND WEAKNESSES, THEN TO GIVE INDIVIDUAL ATTENTION TO TARGETED AREAS. THE YEAR 2020 WAS CHALLENGING AS MOST OF THE PARENTS PULLED THEIR CHILDREN FROM THE FACILITIES TO KEEP THEM SAFE FROM COVID. WE WERE ABLE TO SEND LESSON PLANS TO PARENTS AND CONNECT WITH THEIR CHILDREN ONLINE THROUGH ZOOM AND OFFER CARE FOR ESSENTIAL WORKERS DURING COVID. WE SHIFTED ALOT OF RESCOUCES TO SANITATION AND SAFETY.
2020 WAS A CHALLENGING YEAR BEGINNING ON MARCH 16. OUR GOVENOR MANDATED THAT ALL PRIVATE & PUBLIC SCHOOLS BE CLOSED. AS A RESULT, WE SENT OUR STUDENTS HOME AND PROVIDED ONLINE TEACHING THROUGH ZOOM. WE CONTINUED TO PAY OUR TEACHERS AND SCHOOL RE-OPENED IN SEPTEMBER WITH SMALLER CLASSROOM SIZES AND CONTINUED WITH ZOOM FOR STUDENTS WHO REMAINED AT HOME. WE CONTINUED OUR FULLY ACCREDITED CHRISTIAN BASED PROGRAM FOR K-5 THRU 5TH GRADE WHILE SHIFTING RESOURCES TO SAFTY AND SANITATION. ACADEMIC AND SOCIAL STRENGTHS AND WEAKNESSES WERE IDENTIFIED & SPECIAL TUTORING GIVEN THROUGH OUR ONLINE TEACHERS. MOST OF THE STUDENTS MAINTAINED A A HIGH ACADEMIC LEVEL, HOWEVER SEVERAL STUDENT DROPPED TO A HIGH 70% DUE TO THE ONLINE OPTION. NO TESTING WAS GIVEN IN MAY TO DETERMINE STUDENT LEVELS DUE TO COVID RESTRICTIONS.
DUE TO COVID, OUR PUBLIC SCHOOL ENROLLMENT DROPPED 75%. STUDENTS ATTENDED PRIOR TO MARCH 16, 2020 AND WE DID HAVE SMALL GROUP SUMMER CAMP PROGRAMS THROUGHOUT THE ORGANIZATION AT ACADEMIES IN 3 LOCATIONS. ALL PROGRAMS ARE CHRISTIAN BASED AND INCLUDED ACTIVITIES TO HELP STUDENTS THROUGH THE ANXIETY AND FEAR SURROUNDING COVID. WE WERE ABLE TO SOCIAL DISTANCE AND STILL GIVE THE CHILDREN ALOT OF OUTSIDE ACTIVITIES, FRESH AIR AND TIME WITH THEIR FRIENDS. WE CONTINUED TO EMPLASIZE GOOD CHARACTER DEVELOPMENT, STRONG FRIENDSHIPS AND POSITIVE ATTITUDES. WE SHIFTED RESOURCES TO SAFETY AND SANITATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Deborah L Patten Chief Operat | OfficerTrustee | $0 | |
Robert Macarthur Patten Board Chairm | OfficerTrustee | $0 | |
Charles Bennett Director | Trustee | $0 | |
Sonoell B Clark Director | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $228,729 |
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 | $228,729 |
Total Program Service Revenue | $1,461,894 |
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 | $1,690,623 |
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 | $597,825 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,733 |
Payroll taxes | $196,111 |
Fees for services: Management | $45,500 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $41,301 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $8,485 |
Advertising and promotion | $51,419 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $631,874 |
Travel | $20,462 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,598 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $233 |
Insurance | $17,395 |
All other expenses | $19,624 |
Total functional expenses | $1,877,198 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $115,198 |
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 | $253,777 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $26,024 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $205,438 |
Total assets | $600,437 |
Accounts payable and accrued expenses | $6,307 |
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 | $293,087 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $10,094 |
Total liabilities | $309,488 |
Net assets without donor restrictions | $290,949 |
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 | $600,437 |
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