Heritage Ministries Inc
- Assets
- $66.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynch, KY
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 20-5924643
Organization Overview
Heritage Ministries Inc is located in Lynch, KY. The organization was established in 2007. According to its NTEE Classification (X03) the organization is classified as: Professional Societies & Associations, 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. Heritage 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, Heritage Ministries Inc generated $159.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $145.3k during the year ending 12/2021. While expenses have increased by 5.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED SURPLUS STORE FOR BUILDING SUPPLY NEED.PERFORMED MINISTRY RELATED SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Sim President | 0 | $0 | |
Linda Sim Secretary | 0 | $0 | |
Jamie Reynolds Director | 0 | $0 | |
Thomas G Barnes Director | 0 | $0 | |
Mike Reynolds Vice President | 0 | $0 | |
Ronald Wollwert Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,584 |
| Total Program Service Revenue | $4,694 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $599 |
| Total Revenue | $159,877 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,293 |
| Professional fees and other payments to independent contractors | $2,363 |
| Occupancy, rent, utilities, and maintenance | $18,798 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $84,839 |
| Total expenses | $145,293 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,189 |
| Other assets | $0 |
| Total assets | $66,721 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,721 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Ministries Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Robert E Frazier Tri-City Area Charitable Foundation Inc Lexington, KY PURPOSE: PARTIAL FUNDING FOR 2021 COMMUNITY "EMPTY STOCKING" PROGRAM TO AID ECONOMICALLY DISADVANTAGED PERSONS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Relevate Group Inc Franklin, TN | $1,501,466 | $2,180,148 |
Serve India Ministries Charleston, IL | $3,073,434 | $2,815,609 |
Roslyn Managers Corporation Richmond, VA | $142,028 | $1,072,112 |
Marysville Area Ministerial Association Marysville, OH | $929,180 | $825,824 |
Eastside Community Ministry Inc Zanesville, OH | $978,348 | $922,564 |
Link Incorporated Sterling, VA | $281,119 | $286,985 |
Geneseo-Atkinson Food Pantry Geneseo, IL | $1,853,809 | $404,082 |
At Work On Purpose Inc Cincinnati, OH | $160,001 | $393,398 |
Amigos En Cristo Inc Springfield, IL | $316,527 | $392,779 |
Leavener Ministry Inc Fishers, IN | $284,634 | $292,209 |
Gaining Christ Ministries Arnold, MO | $156,565 | $244,492 |
Lamar Area Christian Ministries Association Inc Lamar, MO | $298,403 | $195,969 |