Carol Elaine Ministries
- Assets
- $45.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 09/1985
- Data as of
- 12/2023
- EIN
- 58-1582137
Organization Overview
Carol Elaine Ministries is located in Chattanooga, TN. The organization was established in 1985. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carol Elaine 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, Carol Elaine Ministries generated $120.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $138.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
MINISTRY, EDUCATION, CONFERENCES, INSPIRATION, MOTIVATION AND MENTORING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Elaine Whitney President And Pastor | 30 | $30,000 | |
Terry Barrett Director | 1 | $0 | |
Scott R Whitney Director | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,585 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $30 |
| Total Revenue | $120,457 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,989 |
| Professional fees and other payments to independent contractors | $2,838 |
| Occupancy, rent, utilities, and maintenance | $1,505 |
| Printing, publications, postage, and shipping | $193 |
| Other expenses | $101,846 |
| Total expenses | $138,371 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,497 |
| Other assets | $0 |
| Total assets | $45,099 |
| Total liabilities | $813 |
| Net assets or fund balances | $44,286 |