Life Discovery Ministries
- Assets
- $47.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 27-0124196
Organization Overview
Life Discovery Ministries is located in Phoenix, AZ. The organization was established in 2007. 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. Life Discovery 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 12/2022, Life Discovery Ministries generated $60.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $64.3k during the year ending 12/2022. While expenses have increased by 2.3% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Olson Executive Director | 30 | $2,000 | |
Mark Walth Executive Director | 20 | $15,750 | |
Bethany Larson President | 2 | $0 | |
Jerry Mccaleb Vice President | 4 | $0 | |
Angie Nelson Secretary | 12 | $0 | |
Eleanor Devries Treasurer | 20 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,048 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,048 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,268 |
| Professional fees and other payments to independent contractors | $1,236 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $626 |
| Other expenses | $18,485 |
| Total expenses | $64,252 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,716 |
| Other assets | $0 |
| Total assets | $47,716 |
| Total liabilities | $780 |
| Net assets or fund balances | $46,936 |