New Testament Restoration Foundation Inc
- Assets
- $1.9m
- Revenue
- $187.2k
- Investments
- $865.8k
- Employees
- 1
- Location
- Atlanta, GA
- Founding
- 04/1999
- Data as of
- 12/2020
- EIN
- 58-2221461
Organization Overview
New Testament Restoration Foundation Inc is located in Atlanta, GA. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Testament Restoration Foundation 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 12/2020, New Testament Restoration Foundation Inc generated $187.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $160.0k during the year ending 12/2020. While expenses have increased by 4.4% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HOUSING TO INDIGENT PERSONS, DISTRIBUTING CHURCH MATERIALS, SPONSORING TEACHER WORKSHOPS AND GIVING FINANCIAL AID TO CHURCH WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTING CHURCH MATERIALS, SPONSORING WEEK-END TEACHING WORKSHOPS AND GIVING FINANCIAL BENEFITS TO CHURCH WORKERS.
DISTRIBUTING CHURCH MATERIALS, SPONSORING WEEK-END TEACHING WORKSHOPS AND GIVING FINANCIAL BENEFITS TO CHURCH WORKERS.
DISTRIBUTING CHURCH MATERIALS, SPONSORING WEEK-END TEACHING WORKSHOPS AND GIVING FINANCIAL BENEFITS TO CHURCH WORKERS.
DISTRIBUTING CHURCH MATERIALS, SPONSORING WEEK-END TEACHING WORKSHOPS AND GIVING FINANCIAL BENEFITS TO CHURCH WORKERS.
DISTRIBUTING CHURCH MATERIALS, SPONSORING WEEK-END TEACHING WORKSHOPS AND GIVING FINANCIAL BENEFITS TO CHURCH WORKERS.
DISTRIBUTING CHURCH MATERIALS, SPONSORING WEEK-END TEACHING WORKSHOPS AND GIVING FINANCIAL BENEFITS TO CHURCH WORKERS.
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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 | $58,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,781 |
| Total Program Service Revenue | $0 |
| Investment income | $104,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,173 |
| Net Gain/Loss on Asset Sales | $6,996 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,232 |
| 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 | $65,000 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,543 |
| Fees for services: Other | $51,991 |
| Advertising and promotion | $0 |
| Office expenses | $19,053 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,123 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $160,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,850 |
| 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 | $205,313 |
| Investments—publicly traded securities | $815,949 |
| Investments—other securities | $865,762 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,898,874 |
| 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 | $1,898,874 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,898,874 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Testament Restoration Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mag Mutual Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ For All Nations Orlando, FL | $10,548,183 | $19,908,436 |
Corporate Chaplains Of America Inc Wake Forest, NC | $14,993,771 | $19,711,827 |
Precept Ministries Of Reach Out Inc Chattanooga, TN | $10,987,140 | $15,669,576 |
Lake Junaluska Assembly Inc Lake Junaluska, NC | $31,377,440 | $12,754,761 |
Holy Angels Inc Belmont, NC | $12,927,862 | $9,334,354 |
United Against Poverty Inc Vero Beach, FL | $21,479,964 | $11,068,487 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Proverbs 31 Ministry Inc Matthews, NC | $13,247,275 | $7,018,606 |
Campus Outreach Serve Inc Hoover, AL | $4,070,578 | $8,268,154 |
Intend Ministries Murfreesboro, TN | $2,990,387 | $7,592,867 |
Third Millennium Ministries Inc Casselberry, FL | $8,248,500 | $7,349,091 |
Suncoast Haven Of Rest Rescue Mission Inc Pinellas Park, FL | $540,922 | $5,432,743 |