Lake Christian Ministries Inc
- Assets
- $1.9m
- Revenue
- $852.0k
- Investments
- $47.8k
- Employees
- 4
- Location
- Moneta, VA
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 54-2034650
Organization Overview
Lake Christian Ministries Inc is located in Moneta, VA. The organization was established in 2001. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Lake Christian Ministries Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Christian 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, Lake Christian Ministries Inc generated $852.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $659.4k during the year ending 12/2023. While expenses have increased by 10.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE, CONDUCT, SUPPORT AND PROMOTE BENEVOLENT ACTIVITIES TO SELECTED RESIDENTS OF THE SMITH MOUNTAIN LAKE, VIRGINIA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION AND CONDUCT OF BENEVOLENT ACTIVITIES AND SUPPORT FOR NEEDY RESIDENTS OF THE SMITH MOUNTAIN LAKE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Atchue Board Chair | OfficerTrustee | 2 | $0 |
Jim Bennett Facility Imp | Trustee | 2 | $0 |
James Caskie Finance Chai | Trustee | 1 | $0 |
Andy Crawford Dir | Trustee | 1 | $0 |
Rich Ellis Communicatio | Trustee | 1 | $0 |
Jim Gilbert Dir | 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 | $690,775 |
| Noncash contributions included in lines 1a–1f | $80,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $690,775 |
| Total Program Service Revenue | $0 |
| Investment income | $45,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,463 |
| Net Income from Fundraising Events | $111,286 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $851,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $402,088 |
| 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 | $129,907 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $983 |
| Payroll taxes | $9,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45 |
| Fees for services: Accounting | $4,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,106 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,743 |
| Travel | $1,681 |
| 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 | $20,245 |
| Insurance | $8,089 |
| All other expenses | $780 |
| Total functional expenses | $659,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319 |
| Savings and temporary cash investments | $1,072,183 |
| 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 | $6,871 |
| Net Land, buildings, and equipment | $552,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $47,829 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $251,296 |
| Total assets | $1,930,569 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,604 |
| Total liabilities | $2,604 |
| Net assets without donor restrictions | $1,243,348 |
| Net assets with donor restrictions | $684,617 |
| 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 | $1,930,569 |