Lmbm Inc
- Assets
- $1.0m
- Revenue
- $174.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Chagrin Falls, OH
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 45-5590090
Organization Overview
Lmbm Inc is located in Chagrin Falls, OH. The organization was established in 2014. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Lmbm Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lmbm 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, Lmbm Inc generated $174.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $294.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LET ME BE MINISTRIES INC'S(LMBM INC)MISSION IS TO OFFER PRACTICAL APPLICATION OF TEACHINGS IN THE MESSAGE OF HOPE THROUGH FAITH BY INSPIRING AND RESTORING ALL PEOPLE THROUGH ENRICHING PERSONAL GROWTH, ENCOURAGING FULLNESS OF LIFE AND RESTORING THE VALUE OF FAMILY THROUGH GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LET ME BE MINISTRIES INC (LMBM INC) SERVES AS EXTENSION OF THE CHURCH BY OFFERING PRACTICAL APPLICATIONS OF TEACHINGS BY ALLOWING GOD INTO PEOPLE'S DAILY LIVES AND INSPIRING THE WORLD WITH ENRICHMENT OF GROWTH, LIFE AND FAMILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Wasinski Executive Di | Officer | 40 | $51,600 |
Elizabeth Peterson Treasurer | Officer | 20 | $23,725 |
Aimee Wasinski Secretary | Officer | 5 | $3,000 |
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 | $147,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,780 |
| Total Program Service Revenue | $12,050 |
| Investment income | $813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,071 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,325 |
| Compensation of current officers, directors, key employees. | $20,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,445 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,050 |
| Advertising and promotion | $1,455 |
| Office expenses | $14,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,897 |
| Insurance | $9,146 |
| All other expenses | $9,958 |
| Total functional expenses | $294,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,325 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $865,736 |
| Investments—publicly traded securities | $1,347 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,909 |
| Total assets | $1,003,317 |
| 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 | $1,032,632 |
| Total liabilities | $1,032,632 |
| 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 | -$29,315 |
| Total liabilities and net assets/fund balances | $1,003,317 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lmbm Inc has recieved totaling $16,360.
| Awarding Organization | Amount |
|---|---|
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $10,517 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: RESTORE 2021 TOUR PROMOTION & EXPENSES | $5,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manna On Main Street Lansdale, PA | $3,444,081 | $9,699,470 |
Ratio Christi Inc Lafayette, IN | $1,792,968 | $3,407,344 |
South Hills Interfaith Ministries Bethel Park, PA | $5,280,298 | $3,515,168 |
Refuge Of Hope Ministries Canton, OH | $8,587,366 | $3,214,948 |
Reform America Columbus Ohio, OH | $2,659,129 | $2,527,886 |
Eastern Area Community Ministries Inc Louisville, KY | $494,469 | $1,262,535 |
Pleasant Valley Ecumenical Network Saylorsburg, PA | $1,295,832 | $1,280,687 |
Access Of West Michigan Grand Rapids, MI | $443,094 | $798,030 |
Grace On Wings Incorporated Indianapolis, IN | $405,431 | $969,890 |
Jackson Interfaith Nonprofit Housing Corporation Jackson, MI | $2,838,235 | $902,209 |
Love Inc Love In The Name Of Christ Jenison, MI | $999,872 | $932,236 |
Presentation Ministries Inc Cincinnati, OH | $3,255,819 | $893,000 |