Cultivation Ministries Ltd
- Assets
- $372.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Charles, IL
- Founding
- 04/1990
- Data as of
- 06/2022
- EIN
- 36-3725503
Organization Overview
Cultivation Ministries Ltd is located in Saint Charles, IL. The organization was established in 1990. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cultivation Ministries Ltd 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, Cultivation Ministries Ltd generated $35.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $90.7k during the year ending 06/2022. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Mercadante President | 40 | $67,010 | |
Diane Honeyman Treasurer | 5 | $3,253 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,892 |
| Total Program Service Revenue | $3,000 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $35,069 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $81,498 |
| Professional fees and other payments to independent contractors | $2,000 |
| Occupancy, rent, utilities, and maintenance | $2,059 |
| Printing, publications, postage, and shipping | $433 |
| Other expenses | $4,689 |
| Total expenses | $90,679 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $372 |
| Other assets | $0 |
| Total assets | $372 |
| Total liabilities | $0 |
| Net assets or fund balances | $372 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cultivation Ministries Ltd has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Usa Naperville, IL | $4,051,813 | $10,198,645 |
Wesley Village Inc Macomb, IL | $11,643,378 | $8,896,317 |
Doulos Ministries Inc Independence, MO | $17,094,809 | $7,030,778 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
International House Of Prayer Kansas City, MO | $184,048 | $5,377,714 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Leadership Resources International Palos Heights, IL | $4,418,909 | $4,858,234 |
Vcy America Inc Milwaukee, WI | $9,863,404 | $4,388,148 |
Kentucky Baptist Assemblies Inc Louisville, KY | $21,761,753 | $7,127,086 |
International Fellowship Of Evangelical Students Usa Inc Madison, WI | $6,456,796 | $6,176,291 |
Reaching And Teaching International Ministries Incorporated Louisville, KY | $1,667,834 | $4,162,224 |