Restoration Ministries Inc
- Assets
- $1.7m
- Revenue
- $34.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Loveland, CO
- Founding
- 11/2018
- Data as of
- 12/2023
- 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 12/2023, Restoration Ministries Inc generated $34.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (71.6%) each year. All expenses for the organization totaled $67.2k during the year ending 12/2023. 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
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
TRAINED A CHURCH IN CANADA IN HOW TO PRAY FOR RESTORATION OF BOTH PEOPLE AND THE LAND. WHILE THERE, WE PRAYED AT FOUR LOCATIONS, CLEANSING THE LAND OF DEMONIC DEFILEMENT.TRAVELED TO AND CLEANSED THE LAND AT TWELVE CITIES IN COLORADO. PRAYED WITH NUMEROUS INDIVIDUALS.MINISTERED REGULARLY AT A HOME FOR RESTORATION OF SURVIVORS OF SEX TRAFFICKING AND PROVIDED A PORTION FOOD FOR A MONTHLY DINNER AND WORSHIP EVENING.PROVIDED BENEVOLENT FUNDS FOR MEMBERS TO REACH OUT TO THEIR COMMUNITIES TO THE HOMELESS, A DISABLED VETERAN AND A GROUP OF ELDERLY PEOPLE. ALSO HELPED WITH MEDICAL EXPENSES OF A MEMBER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harriette Osborn Pres/treasurer | OfficerTrustee | 24 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $34,356 |
| 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 | $34,356 |
| 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. | $41,850 |
| Compensation of current officers, directors, key employees. | $6,277 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,105 |
| Advertising and promotion | $0 |
| Office expenses | $975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,453 |
| Travel | $8,861 |
| 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 | $3,100 |
| Insurance | $0 |
| All other expenses | $30 |
| Total functional expenses | $67,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,437 |
| Savings and temporary cash investments | $1,135,007 |
| 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 | $534,237 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,670,681 |
| 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 | $1,670,681 |
| Total liabilities and net assets/fund balances | $1,670,681 |