Life Builders Ministries International
- Assets
- $61.6k
- Revenue
- $282.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-2574680
Organization Overview
Life Builders Ministries International is located in Lake Forest, IL. The organization was established in 2009. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., 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. Life Builders Ministries International 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 12/2022, Life Builders Ministries International generated $282.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $279.6k during the year ending 12/2022. While expenses have increased by 10.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MOBILIZE AND EQUIP RELIGIOUS AND COMMUNITY LEADERS TO RESPOND TO THE HIV/AIDS CRISIS, COVID-19 PANDEMIC AND POVERTY. WE ADDRESS POVERTY BY CARING FOR WIDOWS AND ORPHANS THROUGH THE PROVISIONS OF EDUCATION AND HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DATE, THE ORGANIZATION HAS HELPED OVER 100 POVERTY STRICKEN FAMILIES RECEIVE LOW-INCOME HOUSING, 85 WIDOWS AND PROGRAM GRADUATES HAVE BENEFITTED FROM THE SMALL BUSINESS LOAN PROGRAM, AND OVER 140 ORPHANS AND VULNERABLE CHILDREN ARE RECEIVING SPONSORSHIP THROUGH THE HOME-BASED ORPHAN SPONSORSHIP PROGRAM WITH POTENTIAL TO GROW. ADDITIONALLY, WE BUILT LIFE BUILDERS HOSPITAL WHICH SERVES A LOCAL COMMUNITY OF 35,000 PEOPLE WHO WOULD OTHERWISE BE WITHOUT HEALTHCARE. LIFE BUILDERS ACADEMY NOW FEATURES A BOARDING SCHOOL AND CURRENT ENROLLMENT EXCEEDS 200 STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE. WE ENVISION A TRULY TRANSFORMED NIGERIAN SOCIETY FREE OF POVERTY WHERE ALL ORPHANS AND WIDOWS RECEIVE HOLISTIC CARE AND BECOME IMPORTANT CONTRIBUTING MEMBERS OF SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Thomas Treasurer | OfficerTrustee | 5 | $0 |
Joe Ahn Director | Trustee | 1 | $0 |
Dr Jamie Lee Director | OfficerTrustee | 1 | $0 |
Marshall Reavis Director | OfficerTrustee | 1 | $0 |
John David Director | OfficerTrustee | 1 | $0 |
Jennifer Locklear Secretary/director | OfficerTrustee | 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 | $282,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,587 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $282,587 |
| 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 | $277,629 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $175 |
| Total functional expenses | $279,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $750 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,625 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $61,625 |
| 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 | $61,625 |