Transformed Hearts Ministries Inc
- Assets
- $20.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Post Falls, ID
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 27-5071373
Organization Overview
Transformed Hearts Ministries Inc is located in Post Falls, ID. The organization was established in 2012. 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. Transformed Hearts 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, Transformed Hearts Ministries Inc generated $99.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $119.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TRANSFORMED HEARTS MINISTRIES, INC. PROVIDED 641 HOURS OF INDIVIDUAL PRAYER MINISTRY, TRAINED INTERNS IN PRAYER MINISTRY AND MENTORED PRAYER MINISTERS NATIONALLY AND INTERNATIONALLY.CONSULTED WITH MINISTRY LEADERS FOR BOTH THEIR PERSONAL DEVELOPMENT AND FOR THE GROWTH OF THEIR MINISTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thea Loughery President | 40 | $48,904 | |
Louise Koestner Director | 0 | $0 | |
Sarah Compton Treasurer | 40 | $50,144 | |
Mark Engel Director | 1 | $0 | |
Jacci Mckee Director | 1 | $0 | |
John Filler Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,201 |
| Total Program Service Revenue | $45,574 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $99,778 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $99,048 |
| Professional fees and other payments to independent contractors | $2,925 |
| Occupancy, rent, utilities, and maintenance | $9,114 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,099 |
| Total expenses | $119,186 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,654 |
| Other assets | $0 |
| Total assets | $20,928 |
| Total liabilities | $1,598 |
| Net assets or fund balances | $19,330 |