Much Ministries Inc
- Assets
- $2.1m
- Revenue
- $682.5k
- Investments
- $0.0
- Employees
- 5
- Location
- St Simons Island, GA
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 20-8162133
Organization Overview
Much Ministries Inc is located in St Simons Island, GA. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Much Ministries Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Much 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, Much Ministries Inc generated $682.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $570.3k during the year ending 12/2021. 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
MUCH MINISTRIES EXISTS TO BRING SPIRITUAL, ECONOMICAL, AND SOCIAL TRANSFORMATION TO INDIVIDUALS, FAMILIES AND COMMUNITIES THROUGH EDUCATION, DEVELOPMENT AND JOB OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKET PLACE GONAIVES (MPG):WE HAVE TRANSFORMED AN ABANDONED 12,000 SQ FT INDUSTRIAL WAREHOUSE, INTO A VIBRANT, BEAUTIFUL 27,000 SQ FT MULTI BUSINESS COMPLEX. THE 1.4 ACRES, 40 YEARS AGO WAS THE "LES ALUMETTES SA" KNOWN ALL OVER HAITI AS THE MATCH FACTORY. OUR ANCHOR TENANT IS THE 1ST FULL SERVICE GROCERY STORE OUT SIDE THE NATIONS CAPITOL. THE NEWLY CREATED 2ND FLOOR WILL HOST RETAIL SHOPS, 2ND STORY GOODS, CLASS ROOMS AND A CONFERENCE AUDITORIUM. THE GROUNDS WILL BE BEAUTIFULLY LANDSCAPED, HOSTING A GARDEN CENTER AND ARTISAN VILLAGE PROMOTING LOCAL ARTISANS. THE SPIRIT OF EXCELLENCE DEMONSTRATED IN THE MPG WILL BE AN INVITATION TO EVERY BUSINESS AND ASPIRING ENTREPRENEUR. THE 100+ JOBS CREATED GIVE VIRTUE TO THIS PROJECT, BUT THE LARGER IMPACT IS THE TRANSFORMATIONAL ENVIRONMENT THAT WILL LEAD THE WAY TO CHANGE THROUGH A HOST OF ENTREPRENEURIAL OPPORTUNITIES. MARKET PLACE GONAIVES WILL CALL GONAIVES TO ITS HISTORICAL ROOTS OF CHANGE IN HAITI.
SECOND STORY GOODS:JOBS PROGRAMS FACILITATING EMPLOYMENT IN GONAIVES, HAITI:- ASSISTING ARTISANS TO RECOGNIZE THEIR CREATIVE POTENTIAL- CONNECTING ARTISANS TO END MARKETS FOR THEIR PRODUCTS THROUGH DISTRIBUTION- FACILITATING THE ORGANIZATION OF GUILDS- PROVIDING CREATIVE INSPIRATION AND FACILITATING ACCESS TO MATERIALS & RESOURCES- JOB SKILLS TRAINING
PROLEAD PROGRAM:CREATING OPPORTUNITIES AND REMOVING BARRIERS FOR INDIVIDUALS WITH SKILLS TO BE INVOLVED IN GAINFUL EMPLOYMENT. REHABILITATE FAILING BUSINESSES THROUGH EVALUATION AND STRATEGIC COACHING. INCUBATE NEW BUSINESSES WITH POTENTIAL TO CREATE JOBS.OUR TEAM OF TRAINED COACHES TEACH A 12 WEEK COURSE THAT PREPARES PEOPLE TO BE BETTER EMPLOYEES, MAKING THEM INVALUABLE TO THE COMPANIES THAT HIRE THEM. OVER 400 MEN AND WOMEN HAVE COMPLETED THE COURSE AND ARE MAKING BIG CHANGES IN BUSINESSES THROUGHOUT THE CITY. PROLEAD IS A CULTURAL CHANGING EVENT THAT IS CRITICAL TO OUR SUCCESS IN TRANSFORMING GONAIVES AND HAITI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beaver Brooks CFO - See Schedule O | OfficerTrustee | 40 | $103,360 |
Adrian Morffi Chairman | OfficerTrustee | 5 | $0 |
Jan Stewart Treasurer | OfficerTrustee | 5 | $0 |
Kathy Brooks Executive Director - See Sch O | Trustee | 20 | $103,360 |
Lever Stewart Director | Trustee | 1 | $0 |
Mary Thompson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $412,624 |
| Noncash contributions included in lines 1a–1f | $194,144 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,863 |
| Total Program Service Revenue | $4,843 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,483 |
| Net Gain/Loss on Asset Sales | $67,003 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $142,293 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $682,485 |
| 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 | $5,498 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,360 |
| Compensation of current officers, directors, key employees. | $80,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,909 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,191 |
| Advertising and promotion | $4,351 |
| Office expenses | $40,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,669 |
| Travel | $33,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,697 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,204 |
| Insurance | $2,009 |
| All other expenses | $9,364 |
| Total functional expenses | $570,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,910 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,194 |
| Inventories for sale or use | $37,668 |
| Prepaid expenses and deferred charges | $3,664 |
| Net Land, buildings, and equipment | $1,599,813 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,142,631 |
| Accounts payable and accrued expenses | $115,652 |
| 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 | $510,276 |
| Other liabilities | $0 |
| Total liabilities | $625,928 |
| 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 | $1,516,703 |
| Total liabilities and net assets/fund balances | $2,142,631 |