Forever Faithful Ministries
- Assets
- $13.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mineola, TX
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-1315813
Organization Overview
Forever Faithful Ministries is located in Mineola, TX. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forever Faithful 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 12/2021, Forever Faithful Ministries generated $78.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $76.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Matter President | 40 | $0 | |
Julie Edwards Vp/secretary | 35 | $0 | |
Tracy Michaud Officier | 35 | $0 | |
Ellen Taylor Director | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,650 |
| Total Program Service Revenue | $68,607 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,145 |
| Total Revenue | $78,402 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $14,088 |
| Occupancy, rent, utilities, and maintenance | $8,861 |
| Printing, publications, postage, and shipping | $84 |
| Other expenses | $53,428 |
| Total expenses | $76,461 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,095 |
| Other assets | $0 |
| Total assets | $13,095 |
| Total liabilities | $19,955 |
| Net assets or fund balances | -$6,860 |