Gary Oates Ministries Inc
- Assets
- $11.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Moravian Falls, NC
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 56-2318791
Organization Overview
Gary Oates Ministries Inc is located in Moravian Falls, NC. The organization was established in 2006. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Gary Oates Ministries Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gary Oates 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, Gary Oates Ministries Inc generated $96.5k 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 (12.8%) each year. All expenses for the organization totaled $91.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED LEADERSHIP MINISTRY CONFERENCES WITHIN THE STATESINTERNATIONAL IN COLUMBIA SOUTH AMERICA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Oates President | 50 | $522,232 | |
Michael Rogers Director | 1 | $0 | |
Bonnie Jones Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $96,548 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $9,115 |
| Salaries, other compensation, and employee benefits | $53,201 |
| Professional fees and other payments to independent contractors | $1,725 |
| Occupancy, rent, utilities, and maintenance | $13,442 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,888 |
| Total expenses | $91,371 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,299 |
| Other assets | $0 |
| Total assets | $11,304 |
| Total liabilities | $354 |
| Net assets or fund balances | $10,950 |