K-Life Ministries
- Assets
- $6.2m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 95
- Location
- Branson, MO
- Founding
- 09/1991
- Data as of
- 08/2023
- EIN
- 43-1592949
Organization Overview
K-Life Ministries is located in Branson, MO. The organization was established in 1991. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 08/2023, K-Life Ministries employed 95 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. K-Life 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 08/2023, K-Life Ministries generated $7.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $8.3m during the year ending 08/2023. 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
CHRISTIAN MINISTRY TO HIGH SCHOOL YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED WEEKLY MEETINGS FOR JR & SR HIGH YOUTH IN EACH OF OUR (25) SUBORDINATE AREAS, INCLUDING CLUB MEETINGS, SM GROUP BIBLE STUDIES, & REGULAR OUTINGS, RETREATS, & OTHER ACTIVITIES. OVER 2,500 TEENS INVOLVED WEEKLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tipp Holland Chairman | OfficerTrustee | 1 | $0 |
Smith Brookhart Treasurer | OfficerTrustee | 1 | $0 |
Brent Hull Secretary | OfficerTrustee | 1 | $0 |
David Hudiburg Board Member | Trustee | 1 | $0 |
Rudy Littler Board Member | Trustee | 1 | $0 |
Doug Goodwin National Board Member | 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 | $3,189,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,189,936 |
| Total Program Service Revenue | $3,508,998 |
| Investment income | $20,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,265 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $859,576 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,621,652 |
| 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. | $78,846 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,524,022 |
| Pension plan accruals and contributions | $47,214 |
| Other employee benefits | $271,250 |
| Payroll taxes | $178,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $264,079 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,733,765 |
| Advertising and promotion | $25,922 |
| Office expenses | $73,179 |
| Information technology | $35,592 |
| Royalties | $0 |
| Occupancy | $259,429 |
| Travel | $59,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $849,808 |
| Interest | $4,795 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,343 |
| Insurance | $110,209 |
| All other expenses | $0 |
| Total functional expenses | $8,315,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,404,982 |
| Savings and temporary cash investments | $3,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,404 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,802 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,540,540 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,162,798 |
| Accounts payable and accrued expenses | $108,226 |
| 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 | $82,352 |
| Other liabilities | $0 |
| Total liabilities | $190,578 |
| Net assets without donor restrictions | $5,972,220 |
| 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 | $6,162,798 |