Interest Ministries
- Assets
- $2.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 4
- Location
- South Barrington, IL
- Founding
- 08/1955
- Data as of
- 06/2022
- EIN
- 23-7032704
Organization Overview
Interest Ministries is located in South Barrington, IL. The organization was established in 1955. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Interest Ministries employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interest 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 06/2022, Interest Ministries generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 16.3% 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.
Since 2015, Interest Ministries has awarded 150 individual grants totaling $2,970,315. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EQUIP AND ENCOURAGE THOSE WHO SERVE GOD IN DIFFICULT PLACES AMONG THE POOR, MARGINALIZED AND SPIRITUALLY UNREACHED. WE ESPECIALLY ASSIST PROGRAMS THAT TOUCH CHILDREN, YOUTH AND THOSE WHO ARE MOST NEEDY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS, TRAINING, COACHING AND NETWORKING FOR WORKERS AND PROGRAMS THAT ASSIST CHILDREN, YOUTH, AND THE MOST NEEDY IN THE CONTEXT OF POVERTY, INNER-CITIES AND AMONG THE SPIRITUALLY UNREACHED BY THE GOOD NEWS OF GOD'S KINGDOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Glass Chair & Secretary | OfficerTrustee | 0 | $0 |
Terry Williams Treasurer | OfficerTrustee | 0 | $1,483 |
Mark Dyer President | OfficerTrustee | 30 | $12,400 |
Jeanne Ley Vice-President | OfficerTrustee | 0 | $0 |
Debbie Bates Asst. Treasurer | Officer | 20 | $40,910 |
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 | $2,407,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,407,032 |
| Total Program Service Revenue | $7,958 |
| Investment income | $31,035 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,446,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,413,280 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,035 |
| Compensation of current officers, directors, key employees. | $34,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,885 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,831 |
| Fees for services: Accounting | $12,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,203 |
| Advertising and promotion | $0 |
| Office expenses | $15,178 |
| Information technology | $5,069 |
| Royalties | $0 |
| Occupancy | $926 |
| Travel | $20,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,305 |
| All other expenses | $0 |
| Total functional expenses | $1,778,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $790,134 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,610,814 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,400,948 |
| Accounts payable and accrued expenses | $1,939 |
| 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 | $1,939 |
| Net assets without donor restrictions | $1,938,749 |
| Net assets with donor restrictions | $460,260 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,400,948 |
Grants Awarded
Over the last fiscal year, Interest Ministries has awarded $429,750 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHT HOPE INTERNATIONAL PURPOSE: General Support | $40,000 |
CENTRAL ARIZONA SHELTER SERVICES PURPOSE: General Support | $25,000 |
ARIZONA FOUNDATION FOR WOMEN PURPOSE: General Support | $10,000 |
UPWARD COMM SVC PURPOSE: General Support | $9,050 |
ARIZONA SUNSHINE ANGELS PURPOSE: General Support | $10,000 |
CHRYSALIS PURPOSE: General Support | $20,000 |