Homers 2 42 Inc
- Assets
- $505.7k
- Revenue
- $348.9k
- Investments
- $0.0
- Employees
- 28
- Location
- Lenexa, KS
- Founding
- 09/2001
- Data as of
- 06/2022
- EIN
- 48-1241015
Organization Overview
Homers 2 42 Inc is located in Lenexa, KS. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Homers 2 42 Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homers 2 42 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 06/2022, Homers 2 42 Inc generated $348.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $350.6k during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 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
CHRISTIAN MINISTRY TO PLANT CHURCHES AND EVANGELISM USING THE COFFEEHOUSE TO SPREAD THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATED COMMUNITY LEADERSHIP EVENTS WHERE THE GOSPEL OF JESUS CHRIST WAS PRESENTED. COORDINATED, SPONSORED, AND HOSTED PRAYER AND BIBLE STUDY GROUPS IN THE KANSAS CITY AREA. OPERATED A CHRISTIAN COFFEEHOUSE FEATURING CHRISTIAN CONCERTS, WORKSHOPS, AND BIBLE TEACHINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron Whetstone Executive Director | OfficerTrustee | 5 | $0 |
Jerri Whetstone Executive Director | 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 | $113,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,250 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,371 |
| 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 | $202,246 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $126 |
| Grants and other assistance to domestic individuals. | $8,097 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,828 |
| Payroll taxes | $30,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,363 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,006 |
| Office expenses | $1,489 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,121 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,308 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,639 |
| Insurance | $5,827 |
| All other expenses | $4,949 |
| Total functional expenses | $350,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,176 |
| 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 | $423,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,711 |
| Total assets | $505,676 |
| Accounts payable and accrued expenses | $47,967 |
| 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 | $241,711 |
| Secured mortgages and notes payable | $34,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,642 |
| Total liabilities | $337,320 |
| 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 | $11,000 |
| Retained earnings, endowment, accumulated income, or other funds | $157,356 |
| Total liabilities and net assets/fund balances | $505,676 |