Dare For More Ministries Inc
- Assets
- $693.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Chattanooga, TN
- Founding
- 09/2008
- Data as of
- 09/2023
- EIN
- 20-5648351
Organization Overview
Dare For More Ministries Inc is located in Chattanooga, TN. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 09/2023, Dare For More Ministries Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dare For More 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 09/2023, Dare For More Ministries Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $996.5k during the year ending 09/2023. While expenses have increased by 41.8% per year over the past 6 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
MISSION STATEMENT:THE MISSION OF DARE FOR MORE IS TO BRING HOPE AND HEALING TO WOMEN BY ENCOURAGING AND EQUIPPING THEM TO CHANGE THEIR OWN LIVES, THE LIVES OF THOSE THEY LOVE, AND THE WORLD AROUND THEM.VISION STATEMENT: WE ARE DEDICATED TO ASSURING EVERY WOMAN HAS FREEDOM, HOPE, AND A FUTURE.
Describe the Organization's Program Activity:
THE INTERNATIONAL OUTREACH PROJECT IMPACTED APPROXIMATELY 10,610 INDIVIDUALS IN 2022-2023. THE COUNTRIES IMPACTED BY THE MINISTRY WERE GUATEMALA AND DOMINICAN REPUBLIC.
CONFERENCE AND TRAINING: ENCOURAGING AND EQUIPPING WOMEN TO OVERCOME LIFE'S CHALLENGES AND CRISES THAT ARISE IN LIFE. DARE FOR MORE USED ONLINE TEACHING OPPORTUNITIES THAT WERE LAUNCHED AS A RESULT OF THE COVID-19 PANDEMIC. THE NUMBER OF INDIVIDUALS THAT WERE INVOLVED IN THIS TEACHING WAS 5,783. PRODUCTS AND RESOURCES PROVIDED MATERIALS FOR PERSONAL GROWTH AND SUCCESSFUL LIVING. INCLUDED ARE THE DONATION OF BOOKS, WORKBOOKS, BIBLES, AND OTHER RESOURCES TO HELP SPIRITUALLY, EMOTIONALLY, AND MENTALLY.
HEARTS AND HOPE: ASSISTANCE TO OVER 612 WOMEN AND GIRLS RESCUED FROM SEX TRAFFICKING, ABUSE, AND POVERTY, IN THE FORM OF PROVIDING ITEMS SUCH AS: FOOD, CLEAN WATER, CLOTHING, SKILLS TRAINING, SAFETY, AND HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reba Bowman Executive Director | OfficerTrustee | 40 | $55,935 |
Zach Bowman Board Chair | OfficerTrustee | 2.6 | $0 |
Penny Dirago President Elect | OfficerTrustee | 2.88 | $0 |
Joe Dirago Treasurer | OfficerTrustee | 1.38 | $0 |
Morgan Cooper Board Member | Trustee | 0.07 | $0 |
Donald Hardee Board Member | Trustee | 0.67 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $843,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $843,270 |
| Total Program Service Revenue | $22,005 |
| Investment income | $1,917 |
| 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 | $62,295 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,107,987 |
| 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 | $449,915 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,935 |
| Compensation of current officers, directors, key employees. | $5,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,593 |
| Fees for services: Management | $5,020 |
| Fees for services: Legal | $4,283 |
| Fees for services: Accounting | $7,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,707 |
| Office expenses | $40,832 |
| Information technology | $23,623 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $162,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,296 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,593 |
| Insurance | $17,360 |
| All other expenses | $0 |
| Total functional expenses | $996,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,946 |
| Savings and temporary cash investments | $178,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,994 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,543 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $693,553 |
| Accounts payable and accrued expenses | $41,600 |
| 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 | $41,600 |
| 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 | $651,953 |
| Total liabilities and net assets/fund balances | $693,553 |