Restoration Ministries Inc
- Assets
- $1.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Loveland, CO
- Founding
- 11/2018
- Data as of
- 12/2021
- EIN
- 38-4072592
Organization Overview
Restoration Ministries Inc is located in Loveland, CO. The organization was established in 2018. 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. Restoration 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 12/2021, Restoration Ministries Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 69.5% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESTORATION MINISTRIES IS AN INDEPENDENT MINISTRY FOUNDED ON THE TEACHINGS OF JESUS CHRIST. OUR FOCUS IS TO DO GOD'S WILL, HIS WAY, IN DAILY PORTIONS. WE ARE DEDICATED TO HELPING OTHERS PURSUE A DEEPER RELATIONSHIP WITH GOD SO THEY MIGHT SEE NOT ONLY WHO GOD IS, BUT TO SEE THEMSELVES THROUGH GOD'S EYES. WE ARE HELPING TO PREPARE THE BRIDE OF CHRIST TO RESTORE GOD'S CREATION - PEOPLE, PLACES AND THINGS THROUGH PRAYER.WE ARE CALLED TO LOVE OTHERS. PART OF LOVING IS THROUGH MEETING THE MATERIALNEEDS OF OTHERS AS GOD HIGHLIGHTS AND DIRECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINISTRY ENCOURAGES AND PRAYS FOR THE RESTORATION OF CREATION - BOTH FOR PEOPLE AND LAND. FOUR LAND MISSIONS WERE COMPLETED IN 2021. EACH MISSION INVOLVES A MINIMUM OF 10 PEOPLE. MORE PEOPLE WERE INVOLVED IN THE PRE-MISSION PREPARATION AND PRAYER. WE PRAYED FOR MANY, MANY PEOPLE. MANY MEMBERS ATTENDED TWO VIRTUAL CONFERENCES AND LEADERS WERE ABLE TO ATTEND ONE IN-PERSON CONFERENCE.A STATE WORSHIP AND TRAINING SESSION WAS HELD. TEAM MEETINGS WERE BOTH VIRTUAL AND IN-PERSON. IN-PERSON MEETINGS GENERALLY INVOLVED FELLOWSHIP MEALS. THE PRESIDENT HAS SPIRITUAL AND TRAINING OVERSIGHT RESPONSIBILITIES FOR RELATED LIKE-MINDED MINISTRIES IN COLORADO AND GATHERED THE LEADERS FOR MEETINGS.THE BOARD OF DIRECTORS LOOKED AT A NUMBER OF PROPERTIES FOR POSSIBLE MEETING/TRAINING SITES AS WELL AS MEETING WITH CONSULTANTS AND HAD REGULARLY SCHEDULED BOARD MEETINGS. WE WERE ABLE TO HELP A NUMBER OF PEOPLE THROUGH BENEVOLENCE GIVING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harriette Osborn Pres/treasurer | OfficerTrustee | 0 | $0 |
Bonnie Hautamaki Secretary | OfficerTrustee | 0 | $0 |
David Arns Director | Trustee | 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 | $1,500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,501,823 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation of current officers, directors, key employees. | $5,400 |
| 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 | $270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $455 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $258 |
| Total functional expenses | $52,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,750 |
| Savings and temporary cash investments | $1,927,102 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,938,852 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $1,938,852 |
| Total liabilities and net assets/fund balances | $1,938,852 |
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