New Life Ministries Inc
- Assets
- $528.8k
- Revenue
- $663.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Raleigh, NC
- Founding
- 07/1978
- Data as of
- 12/2022
- 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 12/2022, New Life Ministries Inc generated $663.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $343.9k during the year ending 12/2022. While expenses have increased by 4.4% 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
2022
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 VOLUNTEERS AND STAFF IN UKRAINE AND BELARUS THAT TRAVEL TO AND MINISTER IN ORPHANAGES, 15 CURRENTLY IN UKRAINE, ONCE EVERY MONTH. IN ADDITION, PROVIDING MATERIAL HELP, MEDICINES, DISINFECTANT SUPPLIES, CLOTHES, FOOD, PLAYGROUND EQUIPMENT, BEDS, AND OTHER PHYSICAL HELP. IN ADDITION, SPONSORSHIP OF WEEK-LONG DENTAL CLINICS HAVE BEEN PROVIDED FOR ORPHANS AND ORPHANGES THERE, INCLUDING DENTAL WORK, FLUORIDE TREATMENTS, AND DENTAL HYGIENE TEACHING. MATERIAL HELP HAS ALSO INCLUDED PURCHASE OF APPLIANCES NEEDED LIKE HOT WATER HEATERS, BACK UP GENERATORS, KITCHEN EQUIPMENT INCLUDING STOVES AND OVENS, INDUSTRIAL WASHERS AND DRYERS, AND RENOVATIONS OF SHOWERS AND BATHROOMS. A COMPUTER LAB FOR SNOVSK ORPHANGE WAS PROVIDED WITH DONATED LAPTOPS AS WELL AS SCHOOL DESKS, CHAIRS, PROJECTORS AND SCREENS. MOST RECENTLY, FUNDS TO BUILD AND RENOVATE BOMB SHELTERS HAVE BEEN PROVIDED FOR UKRAINIAN ORPHANGES.
TRAVEL AND VARIOUS PROGRAM EXPENSES USED FOR ALL EXEMPT PURPOSES
NEW LIFE MINISTRIES SPONSORS SUMMER CAMPS FOR ORPHANS IN THE WESTERN UKRAINIAN TOWN OF TRUSKOVYETS WHICH ALSO INCLUDES LIFESKILLS LESSONS DESIGNED TO HELP OLDER ORPHANS PREPARE FOR WHEN THEY "AGE OUT" OF THE ORPHANAGE SYSTEM.
THE FRESH START PROGRAM PROVIDES TRANSITION HELP FOR ORPHANS WHO HAVE "AGED OUT" OF THE ORPHANAGE SYSTEM, BUT WHO WANT TO CONTINUE THEIR EDUCATION. TRANSITION APARTMENTS, FUNDS FOR FOOD AND UTILITIES, EDUCATIONAL EXPENSES, SCHOOL SUPPLIES, TRANSPORTATION, ETC. ARE PROVIDED FOR THOSE WHO WANT TO CONTINUE THEIR EDUCATION IN EITHER TRAINING SCHOOLS TO LEARN A MARKETABLE SKILL OR EVEN UNIVERSITY STUDIES IF THE ORPHAN HAS RECEIVED THEIR DIPLOMA AND CAN PASS ENTRANCE EXAMS.
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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 | $661,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $661,023 |
| Total Program Service Revenue | $0 |
| Investment income | $2,270 |
| 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 | $663,293 |
| 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 | $139,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,819 |
| Payroll taxes | $10,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,899 |
| Office expenses | $11,046 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $91,029 |
| 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 | $0 |
| Insurance | $2,019 |
| All other expenses | $5,460 |
| Total functional expenses | $343,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,163 |
| 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 | $241,610 |
| Total assets | $528,773 |
| 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 | $1,000 |
| Total liabilities | $1,000 |
| Net assets without donor restrictions | $527,773 |
| 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 | $528,773 |