Parker Street Ministries Inc
- Assets
- $3.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 34
- Location
- Lakeland, FL
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 59-3579886
Organization Overview
Parker Street Ministries Inc is located in Lakeland, FL. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Parker Street Ministries Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parker Street 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, Parker Street Ministries Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.8% 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
PARKER STREET MINISTRIES IS A CHRIST-CENTERED ORGANIZATION COMMITTED TO INDIVIDUAL, FAMILY AND COMMUNITY RESTORATION, RECONCILIATION AND REVITALIZATION BEGINNING IN LAKELAND'S PARKER STREET COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL CAPABILITY OCCURS THROUGH AFTER-SCHOOL PROGRAM ENRICHMENTS FOR K-8, FAMILY WORKSHOPS, AND YOUNG ADULT BOOT CAMPS. A FUTURE WORKFORCE PROGRAM TEACHES FINANCIAL FITNESS AND SOFT JOB SKILLS WHILE PAYING STIPENDS FOR SPENDING AND FOR RESTRICTED SAVINGS ACCOUNTS. DESIRABLE NEIGHBORHOOD ACTIVITIES LEVERAGE VOLUNTEERS AND PARTNERSHIPS WITH LANDLORDS AND OUTSIDE AGENCIES TO WORK TOWARD STABILIZING FAMILIES AND BEAUTIFYING THE BLIGHTED NEIGHBORHOOD. ACTIVITIES INCLUDE NEIGHBORHOOD CLEANUPS, LANDSCAPING, HOME REPAIRS, AND RENOVATIONS. A HEALTHY COMMUNITY IS ENCOURAGED THROUGH ACTIVITIES SUCH AS: NEIGHBORHOOD CHRISTMAS STORE, COMMUNITY GATHERINGS, AFTER-SCHOOL ENRICHMENTS, HEALTHY MEALS AND SNACKS, FITNESS ACTIVITIES FOR ALL AGES, AND MORE. VOLUNTEERS ARE VITAL RESOURCES FOR DELIVERING PROGRAMS. IN 2022, 929 UNDUPLICATED VOLUNTEERS LOGGED 5,774 HOURS THROUGH PSM AND 53 OF THOSE VOLUNTEERS WERE NEIGHBORHOOD RESIDENTS. THE IN-KIND VALUE OF VOLUNTEER HOURS IN 2022 WAS 183,521 (INDEPENDENT SECTOR). MEASURES, PROGRAM INFORMATION, AND FINANCIAL DOCUMENTS CAN BE FOUND AT PSMLAKELAND.ORG OR AT GUIDESTAR.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Mitchell Executive Di | Officer | 40 | $84,940 |
Scott Macdonald Past Chair | OfficerTrustee | 0.25 | $0 |
Lance Schmidt CPA Treasurer | OfficerTrustee | 0.25 | $0 |
Teresa Bray Chair | OfficerTrustee | 0.25 | $0 |
Lynn Andersen Director | Trustee | 0.25 | $0 |
Howard Bayless Director | Trustee | 0.25 | $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 | $1,363,218 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,363,218 |
| Total Program Service Revenue | $0 |
| Investment income | $5,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,962 |
| 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 | $1,383,216 |
| 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 | $557,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,251 |
| Payroll taxes | $42,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,779 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,964 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $127,297 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $363 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,444 |
| Insurance | $0 |
| All other expenses | $1,173 |
| Total functional expenses | $1,077,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,901 |
| 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 | $2,207,980 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $299,069 |
| Total assets | $3,074,950 |
| Accounts payable and accrued expenses | $16,254 |
| 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 | $5,881 |
| Total liabilities | $22,135 |
| Net assets without donor restrictions | $3,038,545 |
| Net assets with donor restrictions | $14,270 |
| 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 | $3,074,950 |