Heart Ministries Inc
- Assets
- $505.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- West Point, VA
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-3090782
Organization Overview
Heart Ministries Inc is located in West Point, VA. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart 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 12/2022, Heart Ministries Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 21.6% per year over the past 7 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
HEART MINISTRIES, INC. IS A CHRISTIAN NON-PROFIT MISSIONARY ORGANIZATION LOCATED IN WEST POINT, VA. FOUNDED THROUGH AN IMMEDIATE NEED TO GET FINANCIAL AND HUMANITARIAN RESOURCES OVERSEAS, HEART NOW SERVES AS A U.S. SPONSOR FOR MINISTRY PARTNERS IN HAITI, INDIA, INDONESIA, KENYA, MEXICO, PAKISTAN, AND THE UNITED STATES. PART OF OUR PARTNERSHIP INCLUDES MISSION TRIPS, ON-SITE EVALUATION, AND PARTICIPATION IN THE MINISTRIES. AREAS OF SERVICE INCLUDE EDUCATION, MEDICAL CARE, ORPHANAGES, TRAFFICKING AND EXPLOITATION, INFANT CARE, DEVELOPMENTAL DISABILITIES, CLEAN WATER AND FEEDING PROJECTS, COMMUNITY DEVELOPMENT, LEADERSHIP TRAINING, AND YOUTH BUSINESS SKILLS TRAINING.OUR PRIMARY GOAL IS TO SERVE MISSIONARIES, SCHOOLS, ORPHANAGES, AND OTHER MINISTRIES AROUND THE WORLD BY GIVING THEM A PLACE TO RECEIVE THEIR FINANCIAL SUPPORT, ASSISTING WITH FUNDRAISING, SHARING CONNECTIONS, AND COVERING THEM IN PRAYER. OUR MISSION IS TO ENSURE THE TIMELY DISTRIBUTION OF EVANGELICAL AND HUMANITARIAN RESOURCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OBJECTIVE OF THE ORGANIZATION IS TO PROVIDE ASSISTANCE FOR HUMNITARIAN CAUSES.THE ORGANIZATION AIMS TO END THE CYCLE OF POVERTY, ILLITERACY, AND ABUSE BY PROVIDING FINANCIAL AND SPIRITUAL ASSISTANCE. BY SPONSORING EDUCATION, PORVIDING FEEDING PROGRAMS, TRAINING TEACHERS AND LOVING PEOPLE, THE ORGANIZATION SEEMS TO ALLEVIATE DESPAIR AND PROVIDE PEOPLE AND COMMUNITIES WITH TOOLS TO CARE FOR THEMSELVES, THEIR FAMILIES AND THE SURROUNDING WORLD. OUR MISSION IS TO ENSURE THE TIMELY DISTRIBUTION OF EVANGELICAL AND HUMANITARIAN RESOURCES TO A LOST AND HURTING WORLD. AREAS OF SERVICE INCLUDE EDUCATION, MEDICAL CARE, ORPHANAGES, TRAFFICKING AND EXPLOITATION, INFANT CARE, DEVELOPMENTAL DISABILITIES, CLEAN WATER AND FEEDING PROJECTS, COMMUNITY DEVELOPMENT, LEADERSHIP TRAINING, AND YOUTHBUSINESS SKILLS TRAINING.OUR PRIMARY GOAL IS TO SERVE MISSIONARIES, SCHOOLS, ORPHANAGES, AND OTHER MINISTRIES AROUND THE WORLD BY GIVING THEM A PLACE TO RECEIVE THEIR FINANCIAL SUPPORT, ASSISTING WITH FUNDRAISING, SHARING CONNECTIONS, AND COVERING THEM IN PRAYER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin S Massey Jr Treasurer | OfficerTrustee | 40 | $13,500 |
Christine Branch Secretary | OfficerTrustee | 0.25 | $0 |
Christopher R Burgess Chairman | OfficerTrustee | 12 | $0 |
Constance Collins-Davis Director | OfficerTrustee | 0.25 | $0 |
Steven G Tuck Director | OfficerTrustee | 0.25 | $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 | $1,120,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,120,202 |
| 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 | $1,120,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $124,435 |
| Grants and other assistance to Foreign Orgs/Individuals | $848,709 |
| 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 | $31,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $100 |
| 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 | $1,526 |
| Information technology | $4,294 |
| Royalties | $0 |
| Occupancy | $5,600 |
| Travel | $148 |
| 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 | $1,506 |
| All other expenses | $93 |
| Total functional expenses | $1,021,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,157 |
| Savings and temporary cash investments | $405,205 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $505,362 |
| 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 | $505,362 |
| 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 | $505,362 |