Target One Ministries Inc
- Assets
- $472.9k
- Revenue
- $168.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Martinsburg, PA
- Founding
- 12/2010
- Data as of
- 06/2022
- EIN
- 27-2828582
Organization Overview
Target One Ministries Inc is located in Martinsburg, PA. The organization was established in 2010. 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. As of 06/2023, Target One Ministries Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Target One 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 06/2022, Target One Ministries Inc generated $168.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $104.2k during the year ending 06/2022. While expenses have increased by 3.8% 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
TO ENCOURAGE AND TRAIN INDIVIDUALS IN CHRISTIAN PRINCIPLES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TARGET ONE HAS MADE IMPROVEMENTS TO THE SOUND, VIDEO, AND ENGINEERING ABILITY TO DELIVER THE MESSAGES EACH WEEK TO THE CONGREGATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Raymond Fletcher Jr Treasurer | OfficerTrustee | 5 | $0 |
James Gregg Board Member | OfficerTrustee | 0 | $0 |
Adam Gonsman Vice President | OfficerTrustee | 5 | $0 |
Fred Gonsman Board Member | Officer | 2 | $0 |
Joe Amick Board Member | Officer | 2 | $0 |
Philip Waite President | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,555 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,400 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,052 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,903 |
| Statement of Expenses | |
|---|---|
| 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. | $22,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $852 |
| Office expenses | $7,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,974 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,423 |
| Insurance | $763 |
| All other expenses | $0 |
| Total functional expenses | $104,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,528 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $472,858 |
| Accounts payable and accrued expenses | $5,362 |
| 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 | $69,358 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,201 |
| Total liabilities | $75,921 |
| Net assets without donor restrictions | $396,937 |
| 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 |
| Total liabilities and net assets/fund balances | $396,937 |