Assets For Christ Inc
- Assets
- $1.7m
- Revenue
- $325.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Black Creek, GA
- Founding
- 05/2014
- Data as of
- 04/2024
- EIN
- 46-2788207
Organization Overview
Assets For Christ Inc is located in Black Creek, GA. The organization was established in 2014. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, 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. Assets For Christ 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 04/2024, Assets For Christ Inc generated $325.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $118.7k during the year ending 04/2024. While expenses have increased by 3.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACQUISITION, DEVELOPMENT, MAINTENANCE, OWNERSHIP, LEASING AND SALE OF PROPERTY FOR THE BENEFIT OF PRESBYTERIAN CHURCH IN AMERICA (PCA) MEMEBER, CHURCHES, CHURCH PLANTS, AND OTHER RELIGIOUS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin C Daniel Executive Di | 0 | $0 | |
Marsha Grovenstein Secretary | 0 | $0 | |
Pastor John Fender Trustee | 0 | $0 | |
Cindy Daniel Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $310,000 |
| Interest on Savings | $15,898 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $325,898 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $45,190 |
| Taxes | $0 |
| Depreciation | $54,486 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,583 |
| Total operating and administrative expenses | $118,691 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $118,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,726 |
| Savings and temporary cash investments | $116,542 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,765 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,474,093 |
| Other assets | $2,502 |
| Total assets | $1,673,628 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Assets For Christ Inc has awarded $477,698 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GODS PIT CREW PURPOSE: TRAILER FOR TORNADO VICTIMS | $70,000 |
FIRST PRESBYTERIAN CHURCH OF POOLER PURPOSE: BUILDING FUND | $100,000 |
RUF PURPOSE: CAMPUS MINISTRY SUPPORT | $11,000 |