First Love International Ministries
- Assets
- $3.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 36
- Location
- Loves Park, IL
- Founding
- 05/2001
- Data as of
- 06/2023
- EIN
- 36-4423774
Organization Overview
First Love International Ministries is located in Loves Park, IL. The organization was established in 2001. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, First Love International Ministries employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Love International Ministries 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 06/2023, First Love International Ministries generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $4.3m during the year ending 06/2023. While expenses have increased by 2.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN MISSIONARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING OVERSEAS MISSIONARIES TO ASSIST PASTORS & NATIONAL WORKERS IN THEIR HUMANITARIAN AND EVANGELICAL OUTREACH EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Thomas Clinton Fmr Presiden | Officer | 40 | $75,340 |
Mike Addis Director | Trustee | 1 | $0 |
Mike Lentini Director | Trustee | 1 | $0 |
Beth Lowery Secretary | OfficerTrustee | 1 | $0 |
Robert Opperman Treasurer | OfficerTrustee | 1 | $0 |
Pheobe Wilhelm Director | Trustee | 1 | $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 | $3,694,606 |
| Noncash contributions included in lines 1a–1f | $6,317 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,694,606 |
| Total Program Service Revenue | $0 |
| Investment income | $55,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,247 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,745,349 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,866,708 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,482 |
| Compensation of current officers, directors, key employees. | $70,915 |
| Compensation to disqualified persons | $312,436 |
| Other salaries and wages | $861,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,641 |
| Payroll taxes | $76,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $177 |
| Fees for services: Other | $18,601 |
| Advertising and promotion | $0 |
| Office expenses | $34,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $199,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,821 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,640 |
| Insurance | $41,747 |
| All other expenses | $71,219 |
| Total functional expenses | $4,264,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,059 |
| 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 | $35,129 |
| Net Land, buildings, and equipment | $211,896 |
| Investments—publicly traded securities | $309,548 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,250 |
| Other assets | $2,409,611 |
| Total assets | $3,134,493 |
| 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 | $25,849 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,849 |
| Net assets without donor restrictions | $3,108,644 |
| 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 | $3,134,493 |