Forsyth Jail & Prison Ministries
- Assets
- $1.0m
- Revenue
- $660.2k
- Investments
- $87.4k
- Employees
- 7
- Location
- Winston Salem, NC
- Founding
- 12/1978
- Data as of
- 12/2023
- EIN
- 58-1334695
Organization Overview
Forsyth Jail & Prison Ministries is located in Winston Salem, NC. The organization was established in 1978. According to its NTEE Classification (I43) the organization is classified as: Inmate Support, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Forsyth Jail & Prison Ministries employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forsyth Jail & Prison 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, Forsyth Jail & Prison Ministries generated $660.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $629.5k during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MINISTRY TO INCARCERATED INDIVIDUALS IN JAIL AND PRISON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINISTERED TO INMATES IN FORSYTH COUNTY JAIL AND FORSYTH COUNTY PRISON.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hogsed Officer | Officer | 40 | $104,418 |
Cathy Owen Director | Trustee | 2 | $0 |
Harry Neal Director | Trustee | 2 | $0 |
Trinette Kirkman Director | Trustee | 2 | $0 |
Chris Lyon Director | Trustee | 2 | $0 |
George Harris Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $423,073 |
| Membership dues | $0 |
| Fundraising events | $150,549 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $629,845 |
| Total Program Service Revenue | $0 |
| Investment income | $19,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,992 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $660,167 |
| 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. | $104,418 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,717 |
| Pension plan accruals and contributions | $40,186 |
| Other employee benefits | $26,207 |
| Payroll taxes | $22,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,704 |
| Advertising and promotion | $0 |
| Office expenses | $19,447 |
| Information technology | $7,469 |
| Royalties | $0 |
| Occupancy | $2,048 |
| Travel | $6,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,190 |
| Interest | $8 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,310 |
| Insurance | $7,543 |
| All other expenses | $0 |
| Total functional expenses | $629,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $615,198 |
| Savings and temporary cash investments | $69,888 |
| 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 | $700 |
| Prepaid expenses and deferred charges | $729 |
| Net Land, buildings, and equipment | $8,874 |
| Investments—publicly traded securities | $219,821 |
| Investments—other securities | $87,399 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,002,609 |
| Accounts payable and accrued expenses | $7,359 |
| 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 | $7,359 |
| Net assets without donor restrictions | $848,619 |
| Net assets with donor restrictions | $146,631 |
| 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 | $1,002,609 |