Nora Lam Ministries
- Assets
- $148.2k
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 5
- Location
- San Jose, CA
- Founding
- 02/2019
- Data as of
- 03/2018
- EIN
- 23-7418355
Organization Overview
Nora Lam Ministries is located in San Jose, CA. The organization was established in 2019. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 03/2023, Nora Lam Ministries employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nora Lam 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 03/2018, Nora Lam Ministries generated $7.9m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $7.8m during the year ending 03/2018. While expenses have increased by 0.9% per year over the past 3 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE GOOD NEWS AND TEACHING OF JESUS CHRIST IN CHINA AND THROUGHOUT THE WORLD; PROVIDE AID AS RELIEF AND DEVELOPMENT ASSISTANCE TO THE POOR AND NEEDY WORLDWIDE.
Describe the Organization's Program Activity:
PROVIDE AID AS RELIEF AND DEVELOPMENT ASSISTANCE TO THE POOR AND NEEDY WORLDWIDE.
PROMOTE THE GOOD NEWS AND TEACHING OF JESUS CHRIST IN CHINA AND THROUGHOUT THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Lam President/ceo | OfficerTrustee | 20 | $51,971 |
Susan Lam Secretary | OfficerTrustee | 20 | $0 |
Bruce Barnes Treasurer | OfficerTrustee | 1 | $0 |
Doug Kendrick Cfo/program Director | Officer | 1 | $0 |
Ruth Kendrick Chief Operating Officer | Officer | 5 | $31,176 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mail America Communication Direct Mailing Expenses | 3/30/16 | $182,995 |
La Communications Inc Direct Mailing Expenses | 3/30/16 | $227,185 |
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 | $7,897,932 |
| Noncash contributions included in lines 1a–1f | $6,738,972 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,897,932 |
| Total Program Service Revenue | $0 |
| Investment income | $577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$15,420 |
| 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 | $7,883,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,738,972 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $219,879 |
| Compensation of current officers, directors, key employees. | $58,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,804 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,704 |
| Payroll taxes | $15,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,216 |
| Fees for services: Accounting | $38,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,233 |
| Advertising and promotion | $0 |
| Office expenses | $38,079 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,028 |
| Travel | $100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,951 |
| Interest | $58,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,628 |
| Insurance | $1,447 |
| All other expenses | $422,507 |
| Total functional expenses | $7,806,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,469 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,805 |
| 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 | $4,806 |
| Net Land, buildings, and equipment | $62,379 |
| Investments—publicly traded securities | $23,389 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,377 |
| Total assets | $148,225 |
| Accounts payable and accrued expenses | $70,249 |
| 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 | $704,563 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,379 |
| Total liabilities | $788,191 |
| Unrestricted restricted net Assets | -$639,966 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$639,966 |
Grants Awarded
Over the last fiscal year, Nora Lam Ministries has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN AID MISSION PURPOSE: Program support | $15,000 |
CHRISTIAN INFORMATION SERVICES PURPOSE: Program support | $5,000 |