Jubilee Ministries Inc
- Assets
- $136.3k
- Revenue
- $189.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Peoria, IL
- Founding
- 08/1989
- Data as of
- 12/2023
- EIN
- 37-1246444
Organization Overview
Jubilee Ministries Inc is located in Peoria, IL. The organization was established in 1989. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jubilee 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 12/2023, Jubilee Ministries Inc generated $189.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $208.8k during the year ending 12/2023. While expenses have increased by 11.1% per year over the past 9 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
HONORING GOD BY HELPING PEOPLE TO HELP THEMSELVES BY GETTING, KEEPING, AND IMPROVING THEIR JOB
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HELPED OVER 1000 PEOPLE WITH JOB ASSISTANCE IN STARTING A NEW JOB. THIS WAS TYPICALLY FOR STEEL TOWED SHOES, A UNIFORM OR TRANSPORTATION. WE SIGNED UP OVER 70 PEOPLE FOR IL CENT COMMUNITY COLLEGES WORKFORCE EQUITY INITIATIVE THAT HELPS THEM JUMP UP TO A LIVING WAGE OF $25-$30/HR OR MORE BY GETTING TARGETED EDUCATION SUCH AS WELDING OR TRUCK DRIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Ward Director | Trustee | 0 | $0 |
Leslie Mcknight Director | Trustee | 0 | $0 |
Gia Jones Treasurer Director | OfficerTrustee | 0 | $0 |
Robert O Kaiser President Director | OfficerTrustee | 20 | $0 |
Rosemary Mcmullough Secretary Director | OfficerTrustee | 0 | $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 | $188,584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,584 |
| Total Program Service Revenue | $0 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,049 |
| Net Gain/Loss on Asset Sales | -$3,991 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $189,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,784 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,604 |
| Advertising and promotion | $800 |
| Office expenses | $1,565 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,721 |
| Travel | $23,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,584 |
| All other expenses | $1,845 |
| Total functional expenses | $208,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,513 |
| 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 | $4,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $112,134 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,619 |
| Total assets | $136,266 |
| 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 | $35,288 |
| Secured mortgages and notes payable | $21,654 |
| Unsecured mortgages and notes payable | $35,137 |
| Other liabilities | $0 |
| Total liabilities | $92,079 |
| Net assets without donor restrictions | $0 |
| 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 | $44,187 |
| Total liabilities and net assets/fund balances | $136,266 |
Grants Awarded
Over the last fiscal year, Jubilee Ministries Inc has awarded $31,784 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ADULT AND TEEN CHALLENGE GREATER MI PURPOSE: HELP MINISTRY | $7,500 |
MT OLIVE COM RESTORATION MINISTRY PURPOSE: HELP MINISTRY | $16,241 |
VAR 501C3 PURPOSE: HELP MINISTRY | $8,043 |