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 12/2021, 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 12/2021, Gary Oates Ministries Inc generated $95.9k 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 (15.5%) each year. All expenses for the organization totaled $101.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.4%) 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED LEADERSHIP MINISTRY CONFERENCES DUE TO COVID ALLCONFERENCES IN THE STATES WERE DONE VIA ZOOMINTERNATIONAL IN COLUMBIA SOUTH AMERICA
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gary Oates President | 50 | $48,264 | |
Bonnie Jones Director | 1 | $0 | |
Michael Rogers Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $91,721 |
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 | $95,885 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $8,460 |
Salaries, other compensation, and employee benefits | $64,734 |
Professional fees and other payments to independent contractors | $2,285 |
Occupancy, rent, utilities, and maintenance | $12,689 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $12,935 |
Total expenses | $101,848 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $6,042 |
Other assets | $0 |
Total assets | $6,047 |
Total liabilities | $274 |
Net assets or fund balances | $5,773 |
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