Forgiven Ministry Inc
- Assets
- $679.1k
- Revenue
- $214.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Taylorsville, NC
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 56-2225945
Organization Overview
Forgiven Ministry Inc is located in Taylorsville, NC. The organization was established in 2001. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Forgiven Ministry Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forgiven Ministry 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, Forgiven Ministry Inc generated $214.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $271.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET THE SPIRITUAL AND PHYSICAL NEEDS OF OFFENDERS, EX-OFFENDERS AND THEIR FAMILIES RESULTING IN FORGIVENESS, HEALING, AND RESTORED RELATIONSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPS - CONNECTING AND RECONCILING INMATES AND THEIR CHILDREN THROUGH A DAY OF STRUCTURED RELATIONSHIP BUILDING ACTIVITIES CONDUCTED INSIDE THE PRISON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Barnes Vice-President | OfficerTrustee | 20 | $22,645 |
Scottie Barnes President | OfficerTrustee | 20 | $20,800 |
Rentz Johnson Treasurer | OfficerTrustee | 0 | $0 |
Donnie Rogers Chairman | OfficerTrustee | 0 | $0 |
Mary Ann Winchell Director | Trustee | 0 | $0 |
Scott Hendren Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,992 |
| Total Program Service Revenue | $0 |
| Investment income | $48 |
| 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 | $214,040 |
| 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. | $43,445 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,839 |
| Payroll taxes | $9,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,669 |
| Advertising and promotion | $0 |
| Office expenses | $6,844 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,279 |
| Travel | $746 |
| 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 | $14,638 |
| Insurance | $14,850 |
| All other expenses | $0 |
| Total functional expenses | $271,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,604 |
| 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 | $13,971 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $246,557 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $679,132 |
| Accounts payable and accrued expenses | $7,793 |
| 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 | $7,793 |
| Net assets without donor restrictions | $443,281 |
| Net assets with donor restrictions | $228,058 |
| 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 | $679,132 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Forgiven Ministry Inc has recieved totaling $86,580.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $43,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $19,400 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $15,628 |
Bolick Foundation Conover, NC PURPOSE: GENERAL OPERATING FUND | $5,000 |
Renee L Mcguire Foundation Pearland, TX PURPOSE: SUPPORT GENERAL MINISTRY | $2,000 |
Samuel L Westerman Foundation Bloomfield Hills, MI PURPOSE: RELIGIOUS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helping Hands Support Inc Tallulah Falls, GA | $13,757,216 | $16,732,365 |
Mcmahon-Parater Scholarship Foundation Richmond, VA | $5,471,128 | $7,331,353 |
Generous Giving Inc Chattanooga, TN | $3,327,639 | $5,314,758 |
Scarritt-Bennett Center Nashville, TN | $14,856,749 | $3,569,416 |
Hope Force International Brentwood, TN | $877,266 | $1,952,003 |
Bland Ministry Center And Dental Clinic Bland, VA | $767,570 | $1,192,002 |
Diocesan Properties Inc Nashville, TN | $4,806,854 | $1,460,278 |
Mid America Student Housing Inc Cordova, TN | $11,551,197 | $1,103,864 |
Cross Outreach Ministries Inc Bluffton, SC | $23,088,498 | $1,457,913 |
Missionary Support Services Inc Monroe, NC | $382,802 | $863,129 |
Appointment Congo Raleigh, NC | $156,180 | $552,430 |
Men And Women Of Action Cleveland, TN | $951,179 | $765,917 |