Entrusted Ministries
- Assets
- $97.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algonquin, IL
- Founding
- 11/2007
- Data as of
- 12/2023
- EIN
- 20-8363137
Organization Overview
Entrusted Ministries is located in Algonquin, IL. The organization was established in 2007. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Entrusted Ministries 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, Entrusted Ministries generated $131.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $133.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3
ENTRUSTED WITH A CHILD'S HEART HAS IMPACTED TENS OF THOUSANDS OF FAMILIES GLOBALLY THROUGH ITS BIBLICAL TEACHING AND PRACTICAL APPLICATION. (CONTINUED SEE ATTACHMENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Corning Chairman | 0.5 | $0 | |
Beth Corning Exec. Director | 40 | $60,126 | |
Julie Southard President | 0.5 | $0 | |
Jen Freckman Vice President | 0.5 | $0 | |
Jim Jodrey Treasurer | 0.5 | $0 | |
Nancy Mcdonaugh Asst. Treasurer | 0.5 | $3,144 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,338 |
| Total Program Service Revenue | $10,697 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $131,035 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $90,068 |
| Professional fees and other payments to independent contractors | $1,891 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $330 |
| Other expenses | $41,455 |
| Total expenses | $133,744 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,740 |
| Other assets | $0 |
| Total assets | $97,740 |
| Total liabilities | $209 |
| Net assets or fund balances | $97,531 |