New Life Ministries Inc
- Assets
- $212.7k
- Revenue
- $368.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Raleigh, NC
- Founding
- 07/1978
- Data as of
- 12/2021
- EIN
- 56-1177254
Organization Overview
New Life Ministries Inc is located in Raleigh, NC. The organization was established in 1978. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life 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 12/2021, New Life Ministries Inc generated $368.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $275.3k during the year ending 12/2021. While expenses have increased by 1.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND EXECUTE FACETS OF CHRISTIAN MINISTRY FOR THE SPIRITUAL AND MATERIAL BENEFIT OF ORPHANS AND STATE-RUN ORPHANAGES IN THE COUNTRIES OF THE FORMER SOVIET UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW LIFE MINISTRIES TRAINS AND UNDERWRITES SIX FULL-TIME, PART-TIME AND SEASONAL STAFF IN UKRAINE, BELARUS AND LATVIA. IN ADDITION, NEW LIFE MINISTRIES TRAINS AND SPONSORS VOLUNTEER TEAMS IN UKRAINE AND BELARUS THAT TRAVEL TO AND WORK WITH STATE-RUN ORPHANAGES IN THOSE COUNTRIES, ONE WEEKEND A MONTH, SEPTEMBER THROUGH MAY. NLM ALSO PROVIDES MATERIAL SUPPORT THAT HAS RANGED FROM WEEK-LONG DENTAL CLINICS TO REPLACING AGED KITCHEN EQUIPMENT, INSTALLING HOT WATER HEATERS, INDUSTRIAL WASHERS AND DRYERS, AND RENOVATIONS OF SHOWERS AND BATHROOMS.
SUMMER CAMPS: NEW LIFE MINISTRIES SPONSORS SUMMER CAMPS IN WESTERN UKRAINE, MOST RECENTLY IN THE TOWN OF TRUSKOVYETS.
THE FRESH START PROGRAM PROVIDES TRANSITION HELP FOR ORPHANS WHO HAVE AGED OUT OF THE STATE-RUN ORPHANAGE SYSTEM. THE PROGRAM HAS APARTMENTS IN LATVIAN CITIES OF REZEKNE AND RIGA, UNDERWRITING APARTMENT RENTS, UTILITIES, FOOD, SCHOOL EXPENSES, TRANSPORTATION, PERSONAL EXPENSES, ETC.
TRAVEL AND VARIOUS PROGRAM EXPENSES USED FOR ALL EXEMPT PURPOSES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,004 |
| All other contributions, gifts, grants, and similar amounts not included above | $326,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,580 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| 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 | $368,583 |
| 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 | $95,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,856 |
| Payroll taxes | $7,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,656 |
| Office expenses | $4,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,084 |
| Travel | $77,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,268 |
| Total functional expenses | $275,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,879 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $156,776 |
| Total assets | $212,655 |
| Accounts payable and accrued expenses | $2,510 |
| 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 | $1,000 |
| Total liabilities | $3,510 |
| Net assets without donor restrictions | $209,145 |
| 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 | $212,655 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Life Ministries Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth For Tomorrow New Life Center Inc Bristow, VA | $9,215,138 | $38,263,991 |
Upward Unlimited Spartanburg, SC | $35,641,784 | $21,946,822 |
Memphis Leadership Foundation Inc Memphis, TN | $2,752,638 | $7,362,693 |
Snowbird Outfitters Inc Andrews, NC | $8,374,125 | $4,995,769 |
Shepherds Hill Academy Inc Martin, GA | $1,457,455 | $2,744,719 |
Trail Life Usa Inc Belton, SC | $3,526,891 | $2,835,024 |
Growing Leaders Peachtree Corners, GA | $1,677,783 | $2,391,080 |
Rocketown Of Middle Tennessee Nashville, TN | $14,416,102 | $2,100,744 |
For The Kingdom Inc Memphis, TN | $3,127,241 | $2,655,731 |
Child Evangelism Fellowship Inc Columbia, SC | $1,233,921 | $1,595,148 |
Fellowship Of Christian Cheerleaders Inc Suwanee, GA | $282,175 | $1,169,666 |
Camp Watermarks Inc Scottsville, VA | $473,245 | $1,279,665 |