Needles Eye Ministries Inc
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Richmond, VA
- Founding
- 05/1978
- Data as of
- 06/2022
- EIN
- 54-1057092
Organization Overview
Needles Eye Ministries Inc is located in Richmond, VA. The organization was established in 1978. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Needles Eye Ministries Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Needles Eye 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 06/2022, Needles Eye Ministries Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $649.6k during the year ending 06/2022. While expenses have increased by 3.8% 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
INTERDENOMINATIONAL CHRISTIAN MINISTRY DIRECTED PRIMARILY TO THE BUSINESS AND PROFESSIONAL COMMUNITY IN THE RICHMOND, VA METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PROGRAMS DESIGNED TO PROVIDE MINISTRY AND COUNSELING SERVICES PRIMARILY TO THOSE WITHIN THE BUSINESS AND PROFESSIONAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judson E Childress Jr Former Execu | OfficerTrustee | 2 | $141,624 |
Jordan Maroon Executive Di | OfficerTrustee | 40 | $116,147 |
Haider Sharifi Chair | OfficerTrustee | 1 | $0 |
Franklin Y Goare Treasurer Ex | OfficerTrustee | 1 | $0 |
Saa'dia Douglas Director | Trustee | 1 | $0 |
Susan Horne Director | Trustee | 1 | $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 | $634,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,747 |
| Total Program Service Revenue | $11,936 |
| Investment income | $6,884 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $804,747 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,458,314 |
| 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 | $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 | $391,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,713 |
| Payroll taxes | $18,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,166 |
| Advertising and promotion | $19 |
| Office expenses | $42,757 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,382 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,721 |
| Insurance | $1,960 |
| All other expenses | $0 |
| Total functional expenses | $649,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,277 |
| Savings and temporary cash investments | $1,372,158 |
| 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 | $3,464 |
| Investments—publicly traded securities | $117,157 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,580,056 |
| Accounts payable and accrued expenses | $22,539 |
| 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 | $22,539 |
| Net assets without donor restrictions | $1,473,477 |
| Net assets with donor restrictions | $84,040 |
| 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 | $1,580,056 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Needles Eye Ministries Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Christian Family Foundation Richmond, VA PURPOSE: RELIGIOUS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of The Blind Inc Baltimore, MD | $35,001,742 | $21,045,026 |
University Of Maryland Eye Association Pa Baltimore, MD | $2,137,638 | $8,234,651 |
Metrolina Association For The Blind Inc Charlotte, NC | $1,978,768 | $3,646,463 |
Kleb Inc Louisville, KY | $1,708,878 | $3,338,144 |
Conexus Richmond, VA | $2,113,559 | $3,416,760 |
Lions Volunteer Blind Industries Inc Morristown, TN | $6,170,102 | $1,326,528 |
Lions Medical Eye Bank And Research Center Of Eastern Virginia Inc Norfolk, VA | $3,467,664 | $2,434,440 |
American Council Of The Blind Inc Alexandria, VA | $5,964,246 | $2,166,772 |
Prevention Of Blindness Society Of Metropolitan Washington Inc Washington, DC | $29,901,307 | $2,060,250 |
Kentucky Optometric Association Frankfort, KY | $1,137,225 | $1,149,939 |
Cabell Wayne Association Of The Blind Inc Huntington, WV | $1,907,157 | $860,137 |
Mid-South Lions Sight And Hearing Service Memphis, TN | $169,992 | $860,951 |