Gods Way Ministries Inc
- Assets
- $522.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Milford, DE
- Founding
- 01/1999
- Data as of
- 12/2023
- EIN
- 52-2016052
Organization Overview
Gods Way Ministries Inc is located in Milford, DE. The organization was established in 1999. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Gods Way Ministries Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gods Way 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 12/2023, Gods Way Ministries Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gods Way Ministries Inc has awarded 34 individual grants totaling $507,429. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN BASED OUTREACH MINISTRY SHARING THE GOSPEL OF JESUS CHRIST TO THOSE WITH LIFE CONTROLLING PROBLEMS AND THOSE WHO NEED ENCOURAGEMENT AND GUIDANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINISTRY OPERATES 3 RETAIL THRIFT STORES TO PROVIDE GOOD SALABLE MERCHANDISE TO THOSE IN NEED. A BENEVOLENCE/VOLUNTEER EXCHANGE PROGRAM IS OFFERED TO PROVIDE GOODS TO INDIVIDUALS WHO CANNOT PAY IN EXCHANGE FOR VOLUNTEER TIME. THE THRIFT STORES PROVIDE VOLUNTEER OPPORTUNITIES TO THOSE WHO NEED TO FULFILL PROBATION, COMMUNITY SERVICE AND FOOD STAMP REQUIREMENTS. THE ORGANIZATION CONTRACTED WITH THREE STATEWIDE NON-PROFIT ORGANIZATIONS TO OFFER JOB OPPORTUNITIES TO CONTRACTED WORK VOLUNTEERS. THESE VOLUNTEERS ARE PREPARING AND TRAINING TO RE-ENTER THE WORK PLACE TO OBTAIN FINANCIAL INDEPENDENCE.
THE ORGANIZATION PROVIDES MINISTRY OUTREACH BY ACTING AS A REFERRAL SOURCE TO INDIVIDUALS LOOKING FOR CHRISTIAN BASED RESOURCES WITHIN THE STATE OF DELAWARE AND THROUGHOUT THE U.S., PROVIDES BIBLICALLY BASED COUNSELING TO THOSE IN NEED, AND FINANCIALLY SUPPORTS THE VARIOUS NATIONAL AND INTERNATIONAL NON-PROFIT MINISTRIES THAT SPECIFICALLY MEET THE NEEDS OF CHILDREN AND PROVIDE RECOVERY BASED INTERVENTION AND HOUSING TO THOSE WITH ADDICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Wood Secretary | OfficerTrustee | 40 | $115,354 |
Roger Wood President | OfficerTrustee | 40 | $91,742 |
Dennis Yatuzis Director | Trustee | 0 | $0 |
David Wilkerson Director | Trustee | 0 | $0 |
Wayne Wilkerson Director | Trustee | 0 | $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 | $810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $810 |
| Total Program Service Revenue | $1,011,355 |
| Investment income | $62 |
| 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 | $1,012,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,560 |
| Grants and other assistance to domestic individuals. | $49,544 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $207,096 |
| Compensation of current officers, directors, key employees. | $207,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,400 |
| Payroll taxes | $30,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,068 |
| Advertising and promotion | $1,664 |
| Office expenses | $951 |
| Information technology | $1,036 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,549 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,086 |
| Insurance | $13,235 |
| All other expenses | $46,582 |
| Total functional expenses | $1,018,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,362 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $489,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,630 |
| Total assets | $522,666 |
| 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 | $501,174 |
| Unsecured mortgages and notes payable | $90,769 |
| Other liabilities | $12,867 |
| Total liabilities | $604,810 |
| Net assets without donor restrictions | -$82,144 |
| 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 | $522,666 |
Grants Awarded
Over the last fiscal year, Gods Way Ministries Inc has awarded $0 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JOYCE MEYER MINISTRIES INC PURPOSE: HAND OF HOPE | $0 |
METRO WORLD CHILD FOUNDATION INC | | | $0 |
FEED THE CHILDREN INC | | | $0 |