Family Education Resource Ministries
- Assets
- $2.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 47
- Location
- Matthews, NC
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 56-2190439
Organization Overview
Family Education Resource Ministries is located in Matthews, NC. The organization was established in 2000. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Family Education Resource Ministries employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Education Resource Ministries 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, Family Education Resource Ministries generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 5 years. 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
ASSIST FAMILIES WITH CHRISTIAN EDUCATION, TRAINING AND RESOURCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY EDUCATION RESOURCE MINISTRIES IS A MINISTRY TO FAMILIES TO PROVIDE QUALITY CHRISTIAN EDUCATION, TRAINING AND RESOURCES AND TO ASSIST IN THAT THROUGH GRACE ACADEMY, SPORTS CAMPS , MISSIONS, PUBLISHING AND LOCAL CHURCH MINISTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Taylor Board Member | Trustee | 0 | $0 |
Robert Daniel Chairman/president | OfficerTrustee | 40 | $43,160 |
Susan Daniel Vice President | OfficerTrustee | 40 | $55,000 |
Jeanne Corwin Secretary/treasurer | OfficerTrustee | 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 | $22,165 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,165 |
| Total Program Service Revenue | $1,297,887 |
| Investment income | $705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,252 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,326,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,403 |
| Grants and other assistance to domestic individuals. | $2,234 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,338 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,615 |
| Payroll taxes | $55,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $105 |
| Office expenses | $9,671 |
| Information technology | $34,894 |
| Royalties | $0 |
| Occupancy | $78,085 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,300 |
| Insurance | $20,709 |
| All other expenses | $0 |
| Total functional expenses | $1,313,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,093,183 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,714 |
| 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 | $1,593,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,605 |
| Total assets | $2,695,666 |
| Accounts payable and accrued expenses | $6 |
| Grants payable | $0 |
| Deferred revenue | $309,858 |
| 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 | $1,137,497 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,447,361 |
| Net assets without donor restrictions | $0 |
| 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 | $1,248,305 |
| Total liabilities and net assets/fund balances | $2,695,666 |