Third Millennium Ministries Inc
- Assets
- $8.2m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 66
- Location
- Casselberry, FL
- Founding
- 09/1998
- Data as of
- 06/2022
- EIN
- 31-1598585
Organization Overview
Third Millennium Ministries Inc is located in Casselberry, FL. The organization was established in 1998. 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 06/2022, Third Millennium Ministries Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third Millennium 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, Third Millennium Ministries Inc generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $5.6m during the year ending 06/2022. While expenses have increased by 6.9% 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.
Since 2018, Third Millennium Ministries Inc has awarded 18 individual grants totaling $330,640. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHRISTIAN EDUCATION TO HUNDREDS OF THOUSANDS OF PASTORS AROUND THE WORLD WHO LACK SUFFICIENT TRAINING FOR MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIRD MILLENNIUM MINISTRIES SEEKS TO FOLLOW THE EXAMPLE OF PAUL AND THE REFORMERS BY UTILIZING MODERN TECHNOLOGY AND TEACHING DEVICES TO BRING ADVANCED CHRISTIAN EDUCATION TO UNDERPRIVILEGED NATIONS. THE MULTIMEDIA CURRICULUM IS DISTRIBUTED FREE OF CHARGE. FURTHER DISTRIBUTION AVENUES ARE REGULARLY SOUGHT AND PURSUED.THIRD MILLENNIUM MINISTRIES STRIVES TO PRODUCE THEOLOGICALLY ASTUTE AND CULTURALLY SENSITIVE TRANSLATIONS. OUR TRANSLATORS ARE NATIVE SPEAKERS IN EACH OF OUR FIVE TARGET LANGUAGES: ENGLISH, SPANISH, RUSSIAN, CHINESE (MANDARIN), AND ARABIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard L Pratt Jr President | Officer | 40 | $150,000 |
Eric Linares Executive Director | 40 | $132,547 | |
James David Pillow VP Of Global Distribution | 40 | $112,837 | |
Andrew Lamb VP Of Global Opprotunities | 40 | $107,016 | |
Raymond Mclaughlin VP Of Finance And Operations, Delivery Systems | 40 | $101,049 | |
Rev Dr Gary Waldecker Training And Partnership Consultant | 40 | $100,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $147,825 |
| Related organizations | $0 |
| Government grants | $599,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,110,704 |
| Noncash contributions included in lines 1a–1f | $158,507 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,857,889 |
| Total Program Service Revenue | $0 |
| Investment income | $284,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $661 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,349,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,280 |
| 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. | $149,999 |
| Compensation of current officers, directors, key employees. | $12,633 |
| Compensation to disqualified persons | $2,885,335 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $402,005 |
| Payroll taxes | $320,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,651 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,813 |
| Travel | $170,057 |
| 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 | $48,369 |
| Insurance | $14,167 |
| All other expenses | $0 |
| Total functional expenses | $5,615,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,837,735 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,260 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,359 |
| Prepaid expenses and deferred charges | $17,953 |
| Net Land, buildings, and equipment | $123,905 |
| Investments—publicly traded securities | $5,215,288 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,248,500 |
| Accounts payable and accrued expenses | $99,779 |
| 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 | $354,172 |
| Total liabilities | $453,951 |
| Net assets without donor restrictions | $5,915,979 |
| Net assets with donor restrictions | $1,878,570 |
| 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 | $8,248,500 |
Grants Awarded
Over the last fiscal year, Third Millennium Ministries Inc has awarded $59,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Orange Park, FL PURPOSE: FOR TECHNOLOGY, STAFFING, DEVELOPMENT OF NEW PROJECTS, AND TRAINING, PRIMARILY IN AFRICA | $54,000 |
REDEEMER DUBAI PURPOSE: FOR THE FORMATION OF A BIBLE TRAINING CENTER IN THE MIDDLE EAST | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Third Millennium Ministries Inc has recieved totaling $1,845,814.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $843,300 |
Wiseheart Foundation Memphis, TN PURPOSE: GENERAL SUPPORT | $728,833 |
American Endowment Foundation Hudson, OH PURPOSE: RELIGION | $55,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $48,951 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $46,925 |
Thomas M Garrott Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $21,000 |
Endowment Analysis
| Beg. Balance | $2,241,212 |
| Net Contributions | $672,994 |
| Other Expense | $1,035,636 |
| Ending Balance | $1,878,570 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ For All Nations Orlando, FL | $10,548,183 | $19,908,436 |
United Against Poverty Inc Vero Beach, FL | $21,479,964 | $11,068,487 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Campus Outreach Serve Inc Hoover, AL | $4,070,578 | $8,268,154 |
Third Millennium Ministries Inc Casselberry, FL | $8,248,500 | $7,349,091 |
Suncoast Haven Of Rest Rescue Mission Inc Pinellas Park, FL | $540,922 | $5,432,743 |
Avant Garde Academy Inc Hollywood, FL | $1,307,443 | $5,391,830 |
The Rauner Family Foundation Key Largo, FL | $61,036,083 | $5,579,241 |
Buckhead Christian Ministry Inc Atlanta, GA | $4,936,507 | $4,578,885 |
Christians Reaching Out To Society Inc Lake Worth, FL | $3,934,731 | $3,748,964 |
Choice Book Of Gulf State Inc Theodore, AL | $0 | $1,459,933 |
North Georgia Camp And Retreat Ministries Inc Dahlonega, GA | $18,005,770 | $6,432,475 |