Point Fm Ministries Inc
- Assets
- $287.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stephens City, VA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 47-4447824
Organization Overview
Point Fm Ministries Inc is located in Stephens City, VA. The organization was established in 2017. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, 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. Point FM 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 12/2021, Point FM Ministries Inc generated $95.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $67.9k during the year ending 12/2021. While expenses have increased by 35.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CONDUCTED AND MAINTAINED A NON-COMMERCIAL, EDUCATIONAL FM BROADCASTING STATION IN CONFORMITY WITH FCC REGULATIONS AND THE LAWS OF THE COMMONWEALTH OF VA, IN FURTHERANCE OF AN EDUCATIONAL, INSTRUCTIONAL, AND CULTURAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard B Clemenson Executive Dir. | 40 | $21,000 | |
Faith E Clemenson Director | 20 | $3,400 | |
James Imoh Director | 0 | $0 | |
Maurice Mcgrew Executive Dir. | 0 | $0 | |
Len Burdick Director | 0 | $0 | |
Philip Dinello Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,080 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,080 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,736 |
| Professional fees and other payments to independent contractors | $2,705 |
| Occupancy, rent, utilities, and maintenance | $15,916 |
| Printing, publications, postage, and shipping | $2,978 |
| Other expenses | $18,532 |
| Total expenses | $67,867 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,180 |
| Other assets | $0 |
| Total assets | $287,930 |
| Total liabilities | $110,715 |
| Net assets or fund balances | $177,215 |
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