Icthus Ministries Inc
- Assets
- $690.5k
- Revenue
- $106.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bryson City, NC
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 58-1970858
Organization Overview
Icthus Ministries Inc is located in Bryson City, NC. The organization was established in 1992. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Icthus 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, Icthus Ministries Inc generated $106.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $70.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 years. 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
RETREAT CENTER FOR YOUTH, CHURCH,AND CIVIC GROUPS HOST GATHERINGS; ATHLETIC, COMMUNITY, AND MILITARY GROUPS. FUNCTION IS PRIMARLY RELIGIOUS IN APP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A RETREAT CENTER & PROGRAMS FOR YOUTH, CHURCH AND CIVIC GROUPS. ALSO, PROVIDED TEMPORARY REFUGE FOR PASTORS AND THEIR FAMILY. DURING FALL AND SPRING WE HOSTED AND SERVED LOCAL ATHLETIC & COMMUNITY FUNCTIONS. 874 INDIVIDUALS WERE SERVED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Dingle Directorpresident | OfficerTrustee | 50 | $21,378 |
Kent Busing Directortreasurer | OfficerTrustee | 2 | $0 |
Edith Dingle Directorsecretary | OfficerTrustee | 30 | $0 |
Rodney Mitchell Director | Trustee | 0.1 | $0 |
John Rogers Directors | Trustee | 0.1 | $0 |
Diane Busing Director | Trustee | 1 | $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 | $90,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,643 |
| Total Program Service Revenue | $14,902 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $900 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $468 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,913 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $21,378 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,979 |
| Advertising and promotion | $0 |
| Office expenses | $362 |
| Information technology | $443 |
| Royalties | $0 |
| Occupancy | $10,255 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $909 |
| Insurance | $4,287 |
| All other expenses | $4,178 |
| Total functional expenses | $70,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,047 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $618,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $690,541 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $690,541 |
| Total liabilities and net assets/fund balances | $690,541 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Icthus Ministries Inc has recieved totaling $6,040.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |
Outreach Foundation Of The Presbyterian Church Inc Franklin, TN | $10,682,704 | $9,066,746 |
Christian Relief Services - 21st Century Campaign Inc Alexandria, VA | $158,124,944 | $23,648,742 |
Epworth By The Sea Inc St Simons Island, GA | $22,098,975 | $11,861,370 |
Equip Leadership Inc Duluth, GA | $5,673,774 | $7,651,794 |
Score International Inc Chattanooga, TN | $7,470,885 | $5,241,961 |
Missionary Athletes International Charlotte, NC | $3,307,948 | $5,472,845 |
Persecution Project Foundation Culpeper, VA | $1,374,670 | $4,791,069 |