The information for Midwest Christian Ministries is as of the organization's most recent filing in December '21. This organization is located in Des Moines, IA. It has been in existence for 10 years, following its founding in 2011.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Midwest Christian Ministries is classified under the NTEE code X19, which indicates that it falls under the major classification of Religion-Related. The minor classification for this organization is Support N.E.C., meaning it provides various forms of support except for financial assistance or fund raising for other organizations within the Religion Related, Spiritual Development category. As a 501(c)(3) organization, Midwest Christian Ministries is categorized under the C Section Code 3, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations. The mission of the organization is to make rental office space available at or below cost to 501(c)(3) organizations described in IRS 509(A)(1) or 509(A)(2) that have as their primary purpose the spreading of the Gospel of Jesus Christ as taught in the Holy Bible.
The organization's program area focuses on providing rental office space at or below cost to 501(c)(3) organizations that are dedicated to spreading the gospel of Jesus Christ as taught in the Holy Bible. This program area falls within the general fund and includes reporting all revenues, support, and functional expenses that are not specifically reported by another fund or program.
Midwest Christian Ministries appears to be well-governed based on the provided information. The organization has a small number of voting members, which suggests a streamlined decision-making process. Additionally, all members are independent, indicating that there are no potential conflicts of interest among the governing body. The fact that board meetings and committee meetings are documented demonstrates a commitment to transparency and accountability. This documentation allows for a record of discussions and decisions, ensuring that all members are informed and involved in the organization's governance. Furthermore, Midwest Christian Ministries has a conflict of interest policy in place, which requires disclosure of conflicts. This policy helps to prevent any potential conflicts from influencing decision-making processes, ensuring that the organization's best interests are prioritized. However, there are areas where the organization could improve its governance practices. For instance, the absence of a written whistleblower policy may hinder the reporting of any unethical behavior or misconduct. Additionally, the lack of a document retention policy raises concerns about the organization's ability to maintain important records and documents. Overall, Midwest Christian Ministries demonstrates a strong commitment to governance through its independent board members, documented meetings, and conflict of interest policy. However, implementing additional policies such as a whistleblower policy and a document retention policy would further enhance the organization's governance practices.
Over the given time period, Midwest Christian Ministries has experienced overall growth. Contributions and grants received increased from $10.4K in 2019 to $15.4K in 2021, demonstrating an upward trend in financial support. Additionally, investment income rose from $2.2K in 2019 to $4.1K in 2021, indicating an increase in returns from investments. Other revenue also saw significant growth, rising from $7.0K in 2019 to $23.7K in 2021. This suggests that the organization has diversified its revenue sources. Total revenue increased from $110.5K in 2019 to $132.4K in 2021, reflecting the overall growth of the organization. However, program service revenue decreased slightly from $90.9K in 2019 to $89.1K in 2021. Despite this, the overall growth in revenue indicates that Midwest Christian Ministries has grown over the given time period.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William R Gustoff Secretary | OfficerTrustee | 0 | $0 |
Lemar Koethe President | OfficerTrustee | 0 | $0 |
Janice Scavo Treasurer | OfficerTrustee | 0 | $0 |
Greg Crawford Vice President | OfficerTrustee | 0 | $0 |
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 | $15,400 |
Noncash contributions included in lines 1a–1f | $15,400 |
Total Revenue from Contributions, Gifts, Grants & Similar | $15,400 |
Total Program Service Revenue | $89,140 |
Investment income | $4,118 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $6,894 |
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 | $132,359 |
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. | $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 | $1,650 |
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 | $6,903 |
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 | $20,866 |
Insurance | $1,265 |
All other expenses | $4,022 |
Total functional expenses | $93,162 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $251,171 |
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 | $917,274 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,168,445 |
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 | $1,168,445 |
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 | $1,168,445 |
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