Heart Missionary Training Institute Inc
- Assets
- $13.0k
- Revenue
- $284.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Lake Wales, FL
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 59-3279263
Organization Overview
Heart Missionary Training Institute Inc is located in Lake Wales, FL. The organization was established in 1996. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Heart Missionary Training Institute Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Missionary Training Institute 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, Heart Missionary Training Institute Inc generated $284.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $271.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) 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
HEART SEEKS TO EDUCATE, EQUIP AND EMPOWER PEOPLE WITH PRACTICAL SKILLS IN CULTURAL ADAPTATION, PROBLEM SOLVING, AND COMMUNITY DEVELOPMENT FOR THE PURPOSE OF MEETING THE NEEDS OF THE HUNGRY AND OPPRESSED WHILE SHARING THE GOOD NEWS OF GOD'S LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAMS WERE CONDUCTED IN 2021 WHICH PROVIDED COLLEGE LEVEL TRAINING COURSES FOR INDIVIDUALS PREPARING TO BECOME MISSIONARIES OR COMMUNITY DEVELOPMENT WORKERS IN UNDERDEVELOPED REGIONS OF THE WORLD. (APPROX. 80% OF OUR WORK)
HUNGER EDUCATION AND MISSION EDUCATION PROGRAMS WERE CONDUCTED FOR SCHOOLS AND CHURCHES. (APPROX. 20% OF OUR WORK)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip N Murphy Executive Di | Officer | 40 | $42,000 |
Paul Dreger Director | Trustee | 1 | $0 |
Duane Goldman Secretary/re | Trustee | 1 | $0 |
Allison Felix Director | Trustee | 1 | $0 |
Jonathan Holloway Director | Trustee | 1 | $0 |
Ryan Quam 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 | $196,386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,386 |
| Total Program Service Revenue | $45,073 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,176 |
| 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 | $157,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,384 |
| Travel | $7,689 |
| 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 | $0 |
| All other expenses | $26,230 |
| Total functional expenses | $271,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,464 |
| Savings and temporary cash investments | $36 |
| 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 | $7,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,037 |
| 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 | $44,012 |
| Other liabilities | $2,434 |
| Total liabilities | $46,446 |
| Net assets without donor restrictions | -$33,409 |
| 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 | $13,037 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heart Missionary Training Institute Inc has recieved totaling $110.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $60 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bay Haven Charter Academy Inc Panama City, FL | $72,477,162 | $30,327,754 |
Circus Arts Conservatory Inc Sarasota, FL | $8,250,938 | $3,678,261 |
Youth Automotive Training Center Of Broward Inc Deerfield Beach, FL | $53,993,495 | $5,483,147 |
Edventure Charter School Inc Hypoluxo, FL | $1,173,630 | $2,133,014 |
Believers Academy Inc West Palm Beach, FL | $1,332,397 | $2,105,906 |
Central Florida Leadership Academy Orlando, FL | $907,146 | $949,448 |
Donna J Beasley Tri-County Apprenticeship Academy Inc Fort Myers, FL | $2,484,680 | $1,196,685 |
Georgia Association For Career & Technical Education Inc Marietta, GA | $923,695 | $850,463 |
Suncoast Developers Guild Inc Saint Petersburg, FL | $243,974 | $739,389 |
Citation Jet Pilots Safety And Education Foundation Inc Enterprise, FL | $314,548 | $637,068 |
Florida School Of Traditional Midwifery Inc Gainesville, FL | $713,081 | $663,052 |
Florida Association For Career And Technical Education Inc Tallahassee, FL | $536,597 | $623,685 |