Redeeming Love Ministries
- Assets
- $415.5k
- Revenue
- $697.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Colorado Springs, CO
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 46-3985600
Organization Overview
Redeeming Love Ministries is located in Colorado Springs, CO. The organization was established in 2015. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. As of 12/2022, Redeeming Love Ministries employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redeeming Love 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 12/2022, Redeeming Love Ministries generated $697.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.4% each year . All expenses for the organization totaled $522.6k during the year ending 12/2022. While expenses have increased by 45.9% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER WITH OTHER ORGANIZATIONS TO SPREAD THE GOSPEL MESSAGE OF JESUS CHRIST THROUGH EDUCATION, FEEDING, AND MEDICAL SUPPORT OF THE INDIGENT/ORPHANED CHILDREN OF THE DEMOCRATIC REPUBLIC OF THE CONGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDEEMING LOVE MINISTRIES OPERATES EXCLUSIVELY FOR CHARITABLE AND MINISTERIAL PURPOSES, ENGAGING IN INFORMATIONAL AND FUNDRAISING ACTIVITIES FOR THE MISSION OF SUPPORTING AND NURTURING OF THE CHILDREN OF THE DEMOCRATIC REPUBLIC OF CONGO WITH HEALTHY FOOD, PROPER MEDICAL CARE, SOUND SCHOOLING AND THE WORD OF GOD. DURING 2022, RLM PROVIDED FUNDING TO BUILD 8 WELLS THAT PROVIDE CLEAN WATER TO COMMUNITIES THAT DID NOT HAVE IT, BUILT HOMES FOR WIDOWS AND THEIR CHILDREN, BUILT A SCHOOL IN A MOUNTAIN COMMUNITY, INCLUDING BLACKBOARDS, DESKS, CLEAN WATER AND BATHROOMS; GIVEN FOOD MONTHLY TO OVER 500 HOUSEHOLDS, SENT OVER 600 CHILDREN TO SCHOOL. RLM ALSO STARTED BUILDING A HOPE CENTER IN KAVUMU AND LUWINDJA THAT WILL PROVIDE BOTH SPIRITUAL AND PHYSICAL NOURISHMENT FOR THE FAMILIES OF BOTH COMMUNITIES AND PROVIDE OPPORTUNITIES FOR LEARNING TRADE, AGRICULTURE AND MICROFINANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Mwozi President | Officer | 40 | $43,507 |
Linda Washington Board Member | Trustee | 10 | $0 |
Beth Landt Board Member | Trustee | 5 | $0 |
Agnes Romer Bookkeeper | Trustee | 10 | $0 |
Mary Robison Board Member | Trustee | 5 | $0 |
Lynn Badger Board Member | Trustee | 10 | $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 | $696,908 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $696,908 |
| Total Program Service Revenue | $0 |
| Investment income | $51 |
| 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 | $696,959 |
| 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 | $405,516 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $43,507 |
| Compensation of current officers, directors, key employees. | $10,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,521 |
| Fees for services: Management | $2,075 |
| 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 | $0 |
| Advertising and promotion | $6,803 |
| Office expenses | $16,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,400 |
| Travel | $18,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,229 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $522,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,476 |
| Savings and temporary cash investments | $201,357 |
| 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 | $12,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $415,522 |
| Accounts payable and accrued expenses | $1,047 |
| 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 | $1,047 |
| Net assets without donor restrictions | $414,475 |
| 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 | $415,522 |