Christian Renewal Ministries Inc
- Assets
- $2.5m
- Revenue
- $965.9k
- Investments
- $0.0
- Employees
- 16
- Location
- Milltown, NJ
- Founding
- 05/1979
- Data as of
- 12/2022
- EIN
- 59-1724840
Organization Overview
Christian Renewal Ministries Inc is located in Milltown, NJ. The organization was established in 1979. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Christian Renewal Ministries Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Renewal 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 12/2022, Christian Renewal Ministries Inc generated $965.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $800.6k during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROCLAIM THE GOSPEL OF CHRIST AND STIMULATE CHRISTIAN SPIRITUAL GROWTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDITORIAL AND PRODUCTION COSTS FOR VARIOUS LITERATURE MINISTRIES & THE RENEWAL JOURNAL
PULPIT AND SEMINAR MINISTRIES
MISSION SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul L Chang Director | Trustee | 2 | $0 |
William Hsu Chairman | Trustee | 30 | $0 |
Daniel Shih Director | Trustee | 1 | $0 |
Lydia Yao Director | Trustee | 1 | $0 |
Ting W Lee Executive Director | Trustee | 40 | $58,000 |
Lie Hsu Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $127,125 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $752,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $879,782 |
| Total Program Service Revenue | $11,349 |
| Investment income | $7,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,421 |
| Net Rental Income | $0 |
| 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 | $45,578 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $965,855 |
| 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. | $58,000 |
| Compensation of current officers, directors, key employees. | $11,600 |
| Compensation to disqualified persons | $330,382 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,528 |
| Fees for services: Accounting | $2,600 |
| 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 | $11,071 |
| Information technology | $0 |
| Royalties | $10,549 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $4,802 |
| All other expenses | $173,651 |
| Total functional expenses | $800,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $598,857 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,309 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $271,780 |
| Prepaid expenses and deferred charges | $95,662 |
| Net Land, buildings, and equipment | $854,373 |
| Investments—publicly traded securities | $549,094 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,469,075 |
| Accounts payable and accrued expenses | $89,389 |
| 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 | $89,389 |
| Net assets without donor restrictions | $2,379,686 |
| 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 | $2,469,075 |