Africa Renewal Ministries Inc
- Assets
- $3.2m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 10
- Location
- San Antonio, TX
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 43-2004779
Organization Overview
Africa Renewal Ministries Inc is located in San Antonio, TX. The organization was established in 2003. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Africa Renewal Ministries Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Africa Renewal 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 12/2022, Africa Renewal Ministries Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RENEW AFRICA THROUGH THE GOSPEL OF JESUS CHRIST AND THE LOCAL CHURCH BY EMBRACING CHILDREN, EQUIPPING LEADERS, AND EMPOWERING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFRICA RENEWAL MINISTRIES (ARM OR ORGANIZATION) RECEIVES FUNDS FROM DONORS AND THEN ADMINISTERS DONATIONS, OFFERINGS, GIFTS AND OTHER CONTRIBUTIONS VIA WIRE TRANSFERS FOR GENERAL AND RESTRICTED GRANT PURPOSES TO AFRICA RENEWAL MINISTRIES IN UGANDA (ARM UGANDA), A REGISTERED NON-GOVERNMENTAL ORGANIZATION (NGO) GOVERNED BY THE UGANDA MINISTRY OF INTERNAL AFFAIRS. ARM UGANDA MAINTAINS ACCOUNTING SYSTEMS, PROCESSES AND CONTROLS FOR TRACKING FUNDS RECEIVED. THEIR FINANCIAL STATEMENTS ARE AUDITED ANNUALLY BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM. ARM UGANDA IS ENHANCING ITS MONITORING AND FUNCTIONALITY TO PROVIDE TIMELY AND STREAMLINED ACCOUNTING PROCESSES, TOGETHER WITH CENTRALIZED FINANCIAL OPERATIONS, AND HAS AN INTERNAL AUDITOR ON STAFF WHO MONITORS THE USE OF FUNDS ACROSS THE LOCAL FIELD OFFICES. ARM UGANDA IS ALSO BEING ENCOURAGED TO APPLY FOR ACCREDITATION UNDER THE AFRICAN COUNCIL FOR ACCREDITATION AND ACCOUNTABILITY (AFCAA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Park Chairman | OfficerTrustee | 5 | $0 |
Jay Mathis Director | Trustee | 2 | $21,830 |
Adam Kimball Director | Trustee | 2 | $0 |
Rev Peter Kasirivu Founder/director | Trustee | 5 | $0 |
Richard Lopez Secretary | OfficerTrustee | 2 | $0 |
David Barnes Treasurer | OfficerTrustee | 2 | $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 | $6,221,018 |
| Noncash contributions included in lines 1a–1f | $2,222 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,221,018 |
| Total Program Service Revenue | $0 |
| Investment income | $191 |
| 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 | $6,231,749 |
| 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 | $3,499,123 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,936 |
| Compensation of current officers, directors, key employees. | $16,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,970 |
| Pension plan accruals and contributions | $8,271 |
| Other employee benefits | $60,419 |
| Payroll taxes | $27,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $41,791 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,507 |
| Office expenses | $50,941 |
| Information technology | $9,693 |
| Royalties | $0 |
| Occupancy | $46,801 |
| Travel | $74,266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,018 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,240 |
| Insurance | $4,943 |
| All other expenses | $0 |
| Total functional expenses | $4,282,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,923,504 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $330 |
| 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 | $18,699 |
| Investments—publicly traded securities | $7,928 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,884 |
| Total assets | $3,157,345 |
| Accounts payable and accrued expenses | $433,427 |
| 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 | $215,353 |
| Total liabilities | $648,780 |
| Net assets without donor restrictions | $2,508,565 |
| 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 | $3,157,345 |