Citynet Ministries Inc
- Assets
- $71.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Perkasie, PA
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 23-3039566
Organization Overview
Citynet Ministries Inc is located in Perkasie, PA. The organization was established in 2000. 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, Citynet Ministries Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citynet 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, Citynet Ministries Inc generated $49.6k 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 (16.3%) each year. All expenses for the organization totaled $31.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.1%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
THE CITYNET MINISTRIES PROGRAMS HAVE ENGAGED IN JOINT EFFORTS TO PLANT AND SUPPORT GOSPEL-CENTERED CHURCHES THAT BRING A MINISTRY OF WORD AND DEED TO AREAS OF NEED AROUND PHILADEPHIA, PENNSYLVANIA AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sellers Treasurer | 2 | $0 | |
Brian Weatherspoon President | 2 | $0 | |
Kenneth Smith Executive Dir. | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,643 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6 |
| Total Revenue | $49,649 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,217 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,352 |
| Total expenses | $31,569 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,157 |
| Other assets | $0 |
| Total assets | $71,157 |
| Total liabilities | $994 |
| Net assets or fund balances | $70,163 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Citynet Ministries Inc has recieved totaling $7,150.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,150 |
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