Hearts Cry Childrens Ministry
- Assets
- $784.8k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 51
- Location
- Raleigh, NC
- Founding
- 07/2011
- Data as of
- 06/2023
- EIN
- 26-3138306
Organization Overview
Hearts Cry Childrens Ministry is located in Raleigh, NC. The organization was established in 2011. According to its NTEE Classification (Q70) the organization is classified as: International Human Rights, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, Hearts Cry Childrens Ministry employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts Cry Childrens Ministry 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, Hearts Cry Childrens Ministry 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 21.8% each year . All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 28.0% 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
THE ORGANIZATION PROVIDES A HOME AND THERAPY CENTER FOR SPECIAL NEEDS ORPHANS AND WORKS TO PLACE CHILDREN FROM ORPHANAGES INTO THEIR FOREVER FAMILIES WHILE ADVOCATING FOR CHILRENS RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ORPHANAGE HOME IN PANAMA CURRENTLY HOUSING CHILDREN WITHOUT PARENTAL CARE OF WHOM ALL HAVE SPECIAL MEDICAL NEEDS. THIS IS THE FIRST ORPHANAGE AND THERAPY CENTER OF THIS TYPE IN THE COUNTRY OF PANAMA AND WILL CONTINUE TO GROW IN CAPACITY TO HOUSE 55 SPECIAL NEEDS CHILDREN WITHOUT PARENTAL CARE, WHILE PROVIDING THERAPY TO OTHER SIMILARLY SITUATED CHILDREN NOT HOUSED ON-SITE. ALSO ASSIST FAMILIES AND ORPHANAGES AS THEY PROVIDE FOR THE NEEDS OF ORPHANS IN THEIR CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Hedspeth President, Panama Bod | OfficerTrustee | 40 | $0 |
Steve Swayne Director | Trustee | 1 | $0 |
Todd Ussery Vice Chairman, Us Bod | OfficerTrustee | 1 | $0 |
Dan Gunn Treasurer, Us Bod | OfficerTrustee | 1 | $0 |
George Deloache Secretary, Us Bod | OfficerTrustee | 1 | $0 |
Misty Hedspeth Chairman Us Bod, VP Treasurer, Panama Bod | OfficerTrustee | 25 | $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 | $1,604,372 |
| Noncash contributions included in lines 1a–1f | $23,452 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,604,372 |
| Total Program Service Revenue | $0 |
| Investment income | $152 |
| 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 | $1,604,759 |
| 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. | $40,434 |
| Compensation of current officers, directors, key employees. | $40,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $897,321 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,991 |
| Payroll taxes | $123,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,556 |
| Fees for services: Accounting | $28,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,327 |
| Advertising and promotion | $8,265 |
| Office expenses | $28,990 |
| Information technology | $6,479 |
| Royalties | $0 |
| Occupancy | $57,764 |
| Travel | $49,633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,560 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,964 |
| Insurance | $14,315 |
| All other expenses | $14,019 |
| Total functional expenses | $1,515,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,451 |
| Savings and temporary cash investments | $285,809 |
| 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 | $435,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $784,757 |
| 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 | $50,960 |
| Total liabilities | $50,960 |
| Net assets without donor restrictions | $733,797 |
| 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 | $784,757 |