Memorial Drive Ministries Inc
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Stone Mountain, GA
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 61-1871930
Organization Overview
Memorial Drive Ministries Inc is located in Stone Mountain, GA. The organization was established in 2018. 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, Memorial Drive Ministries Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Drive 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, Memorial Drive Ministries Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.3% each year . All expenses for the organization totaled $410.5k during the year ending 12/2022. While expenses have increased by 13.8% per year over the past 4 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
MEMORIAL DRIVE MINISTRIES, INC., PROVIDES A SHARED MINSTRY SPACE FOR THE CHURCHES, NONPROFITS, AND RECREATIONAL GROUPS SERVING THE UNDER-RESOURCED POPULATION IN CLARKSTON, GA, ESPECIALLY THE RESETTLED REFUGEE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORSHIPPING COMMUNITIES: MEMORIAL DRIVE MINISTRIES, INC. (MDM) PROVIDES WORSHIP SPACE FOR FIVE DIFFERENT WORSHIPPING COMMUNITIES WHO WORSHIP IN FIVE DIFFERENT LANGUAGES. THESE COMMUNITIES SHARE THE SANCTUARY AND CHAPEL SPACES. HAVING A SAFE, AFFORDABLE, AND WELCOMING ENVIRONMENT HAS ENABLED THESE CONGREGATIONS TO GROW IN SIZE AND IN SERVICES PROVIDED TO THEIR CONGREGATIONS AND THEIR COMMUNITY. THESE SERVICES INCLUDE A YOUTH PROGRAM AND A CHILDREN'S MINISTRY. DURING 2020, THESE COMMUNITIES ALSO DONATED FOOD AND FINANCIAL RESOURCES TO MEMBERS OF THEIR COMMUNITIES IN NEED. TOGETHER THESE COMMUNITIES SERVE OVER 250 MEMBERS, MOST OF WHO ARE REFUGEES OR IMMIGRANTS PRIMARILY FROM AFRICA AND BURMA.
NONPROFIT ORGANIZATIONS: MDM PROVIDES SPACE FOR FIVE DIVERSE NONPROFIT ORGANIZATIONS OFFERING SERVICES TO THE COMMUNITY. SERVICES INCLUDE: ENGLISH CLASSES, EDUCATIONAL OPPORTUNITIES FOR NONTRADITIONAL GRADE AND HIGH SCHOOL STUDENTS, A COMMUNITY GARDEN PROGRAM, A SEWING ACADEMY, AND A BAKERY. THESE SERVICES ASSIST REFUGEES WITH INTEGRATION INTO THEIR NEW COUNTRY, PROVIDE OPPORTUNITIES FOR CREATING COMMUNITY, AND PROVIDE VOCATIONAL TRAINING FOR SEWING AND WORKING IN A SERVE SAFE KITCHEN. TOGETHER THESE ORGANIZATIONS SERVE OVER 200 MEMBERS OF THE COMMUNITY. DURING 2020, THESE ORGANIZATIONS ALSO DELIVERED FOOD, PROVIDED FINANCIAL SUPPORT, AND CREATED A MULTI-LANGUAGE HOTLINE WHICH PROVIDED INFORMATION ON COVID-19 AND AVAILABLE RESOURCES TO OVER 500 COMMUNITY MEMBERS.
RECREATIONAL GROUPS: IN ADDITION TO THE WORSHIPPING COMMUNITIES AND SEVERAL OF THE NONPROFIT ORGANIZATIONS, THE GYM IS USED BY VARIOUS RECREATIONAL GROUPS, INCLUDING BASKETBALL, KARATE, AND BADMINTON. THESE GROUPS PROVIDE OPPORTUNITIES FOR PEOPLE OF ALL AGES AND ETHNIC BACKGROUNDS TO COME TOGETHER FOR HEALTHY, TEAM BUILDING ACTIVITIES. THESE GROUPS SERVE ROUGHLY 50 COMMUNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Cashwell President | OfficerTrustee | 6 | $0 |
Nancy Phillimore Treasurer | OfficerTrustee | 7 | $0 |
Fran Mohr Board Member | OfficerTrustee | 6 | $0 |
Aisha Brooks-Ltyle Ex Officio | Trustee | 0.25 | $0 |
Joy Fisher Ex Officio | Trustee | 0.5 | $0 |
Logan Thore Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $316,616 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $498,021 |
| Noncash contributions included in lines 1a–1f | $145,015 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $814,637 |
| Total Program Service Revenue | $250,210 |
| Investment income | $182 |
| 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 | $1,065,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,851 |
| 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. | $71,934 |
| Compensation of current officers, directors, key employees. | $17,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,443 |
| Payroll taxes | $11,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,109 |
| Office expenses | $1,792 |
| Information technology | $4,431 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,849 |
| 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 | $7,670 |
| Insurance | $36,113 |
| All other expenses | $1,380 |
| Total functional expenses | $410,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,411 |
| Savings and temporary cash investments | $887,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,956 |
| 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 | $93,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,661 |
| Total assets | $1,098,040 |
| Accounts payable and accrued expenses | $12,134 |
| 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 | $12,134 |
| Net assets without donor restrictions | $384,402 |
| Net assets with donor restrictions | $701,504 |
| 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 | $1,098,040 |
Grants Awarded
Over the last fiscal year, Memorial Drive Ministries Inc has awarded $22,550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMANI WOMEN CENTER PURPOSE: THE ASSISTANCE PROVIDED SCHOLARSHIPS FOR AMANI SEWING ACADEMY, RENT AND UTILITY SUPPORT, AND OTHER SUPPORT SERVICES. | $16,550 |
CENTER FOR VICTIMS OF TORTURE PURPOSE: ASSISTANCE WAS PROVIDED FOR AFGHAN MENTAL HEALTH SUPPORT IN THE STATE OF GEORGIA. | $6,000 |