Loxafamosity Ministries Inc
- Assets
- $119.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Surfside Beach, SC
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 52-2400448
Organization Overview
Loxafamosity Ministries Inc is located in Surfside Beach, SC. The organization was established in 2004. According to its NTEE Classification (X01) the organization is classified as: Alliances & Advocacy, 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. Loxafamosity 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 12/2022, Loxafamosity Ministries Inc generated $120.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $123.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. 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
2022
Describe the Organization's Program Activity:
Part 3
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Spielman President | 40 | $78,000 | |
Brain Irby Director | 1 | $0 | |
Brodie Mcclain Director | 1 | $0 | |
Tim Harman Director | 1 | $0 | |
Josh Young Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,780 |
| 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 | $120,780 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $96,171 |
| Professional fees and other payments to independent contractors | $450 |
| Occupancy, rent, utilities, and maintenance | $7,277 |
| Printing, publications, postage, and shipping | $101 |
| Other expenses | $19,625 |
| Total expenses | $123,624 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $106,109 |
| Other assets | $0 |
| Total assets | $118,957 |
| Total liabilities | $2,508 |
| Net assets or fund balances | $116,449 |