Lamb Institute
- Assets
- $3.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Mount Pleasant, SC
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 57-1086826
Organization Overview
Lamb Institute is located in Mount Pleasant, SC. The organization was established in 2001. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Lamb Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lamb Institute 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, Lamb Institute generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IN PARTNERSHIP WITH ASOCIACION PARA EL SERVICIO MUNDIAL LAMB HONDURAS EMPOWERS THE DISADVANTAGED IN HONDURAS BY PROVIDING RESOURCES AND OPPORTUNITIES FOR CHURCHES INDIVIDUALS TO JOIN GODS WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAMB PROVIDE SUPPORT TO ASOCIACION PARA EL SERVICIO MUNDIAL LAMB HONDURAS FOR THE FOLLOWING - GODS LITTLEST LAMBS CHILDRENS HOME, A RESIDENTIAL CHILDRENS PROGRAM IN SAN BUENAVENTURA, HONDURAS ABOUT 45 MINUTES FROM THE CAPITAL, WHICH PROVIDES FULL TIME CARE FOR - 10 BABIES AND 50 CHILDREN AGES 3-17 WHO HAVE BEEN ABANDONED OR ABUSED. LAMB HONDURAS, MANAGES A HOLISTIC COMMUNITY DEVELOPMENT PROGRAM WHICH AIMS TO HELP INDIVIDUALS BETTER PROVIDE FOR THEMSELVES AND THEIR FAMILY THROUGH A GROUP BASE MODEL OF FINANCIAL, EMOTIONAL AND SPIRITUAL SUPPORT. GODS LITTLEST LAMB DAYCARE SCHOOL, A PRIVATE CHRISTIAN DAYCARE K-GRADE 9 SCHOOL HAS ENROLLMENT OF 195 CHILDREN IN FLOR DEL CAMPO A VERY POOR INNER-CITY NEIGHBORHOOD IN TEGUCIGALPA, HONDURAS. WITHOUT THIS SCHOOL MANY OF THESE CHILDREN WOULD BE LEFT UNATTENDED, UNCARED FOR AND UNSCHOOLED. ALONZO MOVEMENT, A YOUTH OUTREACH MINISTRY FOR APPROXIMATELY 200 YOUNG PEOPLE KEEPS THEM OUT OF GANGS THROUGH CHRISTIAN COMMUNITY YOUTH GROUPS.
LAMB PROVIDES CHURCH MEMBERS AND INDIVIDUALS THE OPPORTUNITY TO JOIN IN GODS WORK PRIMARILY THROUGH SHORT TERM MISSION TRIPS. THESE TEAM BASED TRIPS NOT ONLY DRAW PARTICIPANTS CLOSER TO THE LORD, BUT THEY ARE ACTIVELY ENGAGED IN CONSTRUCTION AND/OR BUILDING MAINTENANCE WHILE IN HONDURAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Magaret Merritt Exec. Director | Officer | 40 | $82,996 |
Gottshalk Addison Board Member | Trustee | 2 | $0 |
Gottshalk Tammy Board Member | Trustee | 2 | $0 |
Keller Susan Board Member | Trustee | 2 | $0 |
Macmurphy Joanna Board Member | Trustee | 2 | $0 |
Hogwood Elizabeth Board Member | Trustee | 2 | $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 | $2,799,499 |
| Noncash contributions included in lines 1a–1f | $16,649 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,799,499 |
| Total Program Service Revenue | $0 |
| Investment income | $19,744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $225,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,044,599 |
| 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 | $1,503,698 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,996 |
| Compensation of current officers, directors, key employees. | $17,429 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,327 |
| Pension plan accruals and contributions | $13,760 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,938 |
| Information technology | $19,264 |
| Royalties | $0 |
| Occupancy | $14,587 |
| Travel | $2,778 |
| 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 | $3,922 |
| All other expenses | $0 |
| Total functional expenses | $1,792,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,879,672 |
| Savings and temporary cash investments | $1,072,364 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,214 |
| 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 | $1,150 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,955,400 |
| Accounts payable and accrued expenses | $1,707 |
| 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 | $15,233 |
| Total liabilities | $16,940 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,938,460 |
| 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 | $2,955,400 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Lamb Institute has recieved totaling $1,402,075.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: RELIGIOUS | $1,306,360 |
Community Foundation Of Northwest Georgia Inc Dalton, GA PURPOSE: FAITH & RELIGION | $39,600 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,795 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $8,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
South Carolina Christian Foundation Spartanburg, SC | $40,412,678 | $17,223,785 |
Cabarrus Cooperative Christian Ministry Inc Concord, NC | $3,832,033 | $7,565,999 |
Providence Ministries Inc Dalton, GA | $6,212,621 | $7,183,854 |
Clover Garden School Inc Burlington, NC | $26,998,192 | $6,754,546 |
Marc Group Inc Emp Ben Pl Hendersonville, NC | $202,500 | $5,540,252 |