Living Waters Ministries Inc
- Assets
- $430.3k
- Revenue
- $290.1k
- Investments
- $0.0
- Employees
- 52
- Location
- Delevan, NY
- Founding
- 04/1972
- Data as of
- 12/2023
- EIN
- 23-7156726
Organization Overview
Living Waters Ministries Inc is located in Delevan, NY. The organization was established in 1972. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Living Waters Ministries Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Waters 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 12/2023, Living Waters Ministries Inc generated $290.1k 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 (9.9%) each year. All expenses for the organization totaled $430.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE YOUTH CAMPS UNDER THE ENTITIES RELIGIOUS PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUMMER & WINTER CAMPS AND RETREATS FOR YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Aarum President | Officer | 40 | $45,000 |
Wesley T Aarum Ceo/vice Pre | Officer | 5 | $0 |
Joshua Aarum Secretary | Officer | 40 | $33,000 |
Daryl Dekalb Treasurer | Officer | 1 | $0 |
Julie Aarum Director | Trustee | 5 | $5,600 |
Connie Aarum Director | Trustee | 1 | $0 |
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 | $191,949 |
| Noncash contributions included in lines 1a–1f | $12,304 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,949 |
| Total Program Service Revenue | $91,494 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $224 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,869 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,200 |
| 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. | $87,600 |
| Compensation of current officers, directors, key employees. | $29,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,296 |
| Payroll taxes | $11,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,700 |
| Fees for services: Accounting | $6,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,804 |
| Office expenses | $16,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,982 |
| Travel | $718 |
| 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 | $29,436 |
| Insurance | $56,949 |
| All other expenses | $653 |
| Total functional expenses | $430,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,788 |
| Savings and temporary cash investments | $10,151 |
| 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 | $19,767 |
| Prepaid expenses and deferred charges | $3,913 |
| Net Land, buildings, and equipment | $278,979 |
| Investments—publicly traded securities | $15,236 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,500 |
| Total assets | $430,334 |
| Accounts payable and accrued expenses | $2,116 |
| 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 | $2,116 |
| Net assets without donor restrictions | $428,218 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $430,334 |