Reality Ministries Inc
- Assets
- $3.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 27
- Location
- Durham, NC
- Founding
- 04/2008
- Data as of
- 06/2023
- EIN
- 26-1514118
Organization Overview
Reality Ministries Inc is located in Durham, NC. The organization was established in 2008. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Reality Ministries Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reality 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 06/2023, Reality Ministries Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 13.1% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
REALITY MINISTRIES IS A LOCAL NON-PROFIT SERVING PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REALITY MINISTRIES CONDUCTS DAILY PROGRAMS FOR PEOPLE WITH DISABILITIES. THIS YEAR WE AVERAGED SERVING OVER 230 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES WEEKLY AND A TOTAL OF 600 FRIENDS WITH AND WITHOUT DISABILITIES MONTHLY. THE HEART OF THIS MINISTRY IS FRIENDSHIP ROOTED IN CHRIST'S LOVE. OUR HOPE IS THAT LIFE-LONG FRIENDSHIPS WILL BE MADE AMOUNG PARTICIPANTS AND VOLUNTEERS. ALL PARTICIPANTS HAVE A THREE ON ONE VOLUNTEER.
REALITY MINISTRIES HAS ESTABLISHED 4 COMMUNAL LIVING HOUSES (CORNER HOUSE, ISAAC HOUSE, AND 2 FRIENDSHIP HOUSES) THAT ALLOW PARTICIPANTS WITH INTELLECTUAL DEVELOPMENTAL DISABILITIES TO LIVE ON THEIR OWN WITH THE SUPPORT OF REALITY VOLUNTEERS AND STAFF. ALL OF THE RESIDENTS PAY A DISCOUNTED RENT TO LIVE IN THE HOUSES AND COMMIT TO CARING FOR EACH OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Mcswain Executive Director | Officer | 40 | $68,007 |
Needham Bryan Board Member | Trustee | 1 | $0 |
Cari Carson Board Member | Trustee | 1 | $0 |
Lakeila Jackson Board Member | Trustee | 1 | $0 |
Tanya Johnson Board Member | Trustee | 1 | $0 |
Allison Kirkland Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $134,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,308,835 |
| Noncash contributions included in lines 1a–1f | $475,264 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,443,335 |
| Total Program Service Revenue | $195,280 |
| Investment income | $554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$30,146 |
| Net Gain/Loss on Asset Sales | -$133 |
| Net Income from Fundraising Events | -$275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,232 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,614,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $85,892 |
| Compensation of current officers, directors, key employees. | $9,339 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $695,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $106,916 |
| Payroll taxes | $60,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,393 |
| Advertising and promotion | $0 |
| Office expenses | $16,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,161 |
| Travel | $925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,308 |
| Interest | $11,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,260 |
| Insurance | $51,664 |
| All other expenses | $76,391 |
| Total functional expenses | $1,338,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $714,022 |
| 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 | $2,417,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,131,737 |
| Accounts payable and accrued expenses | $8,561 |
| 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 | $179,706 |
| Other liabilities | $0 |
| Total liabilities | $188,267 |
| Net assets without donor restrictions | $2,689,333 |
| Net assets with donor restrictions | $254,137 |
| 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 | $3,131,737 |