Fairhaven Ministries Inc
- Assets
- $800.5k
- Revenue
- $340.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Roan Mountain, TN
- Founding
- 03/1980
- Data as of
- 09/2023
- EIN
- 62-1074266
Organization Overview
Fairhaven Ministries Inc is located in Roan Mountain, TN. The organization was established in 1980. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 09/2023, Fairhaven Ministries Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairhaven 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 09/2023, Fairhaven Ministries Inc generated $340.8k 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 (3.8%) each year. All expenses for the organization totaled $361.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FAIRHAVEN MINISTRIES EXISTS TO PROVIDE A SAFE, COMFORTABLE, AND CONFIDENTIAL ENVIRONMENT FOR OUR GUESTS TO EXPERIENCE REST, RENEWAL, AND RESTORATION IN CHRIST. WE ALSO PROVIDE SUPPORTIVE RESOURCES INCLUDING CONSULTING AND COUNSELING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MINISTRY MAINTAINS A GIFT SHOP WHICH OFFERS A VARIETY OF BOOKS TO RESOURCE OUR GUESTS FOR MANY OF THE ISSUES THEY ARE FACING. ALL SALES ARE AT A DISCOUNTED PRICE.
OUR MINISTRY OFFERS SOUND BIBLICAL AND PSYCHOLOGICAL COUNSELING SERVICES TO HELP PASTORS, MISSIONARIES, AND OTHERS AS THEY FACE DIFFICULT SITUATIONS IN THEIR LIVES, AND AS THEY DEAL WITH THOSE UNDER THEIR CARE WHO ARE GOING THROUGH CRISIS EVENTS. THE COUNSELING SERVICE IS AVAILABLE AS NEEDED TO LOW INCOME CLERGY THROUGH SCHOLARSHIPS. SERVING OTHERS. ALL SALES ARE AT A DISCOUNTED PRICE.
OUR MINISTRY PROVIDES LODGING FOR CHRISTIAN LEADERS (PASTORS, MISSIONARIES, OTHER FULL-TIME WORKERS IN CHURCHES OR CHRISTIAN ORGANIZATIONS) AT SUBSIDIZED (REDUCED RATES BELOW COST) RENTAL FEES. WE DO THIS IN LIGHT OF THE FACT THAT THE AVERAGE PASTOR/MISSIONARY OFTEN RECEIVES RELATIVELY LOW SALARIES. OUR REDUCED RATES FOR CLERGY ENABLES THEM TO "GET AWAY" FOR REST, REFLECTION, AND RENEWAL AT AFFORDABLE PRICES. OUR STAFF WORK HARD TO ACCOMPLISH THE MISSION. THEIR TASKS INCLUDE: PHONE RECEPTION, GUEST RECEPTION, HOUSEKEEPING, BUILDINGS AND GROUND MAINTENANCE, CONSTRUCTION, PURCHASING OF SUPPLIES AND FURNISHINGS, ETC. HOUSEKEEPING, BUILDING AND GROUNDS MAINTENANCE AND CONSTRUCTION, PURCHASING OF SUPPLIES AND FURNISHINGS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Lewis Director | Trustee | 1 | $0 |
Timothy Rees Secretary | OfficerTrustee | 1 | $0 |
Doll Evans Director | Trustee | 1 | $0 |
Lyndsey Jolley Director | Trustee | 1 | $0 |
Jeff Crowder Director | Trustee | 1 | $0 |
John Davies Chairman/vice President | OfficerTrustee | 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 | $131,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,413 |
| Total Program Service Revenue | $201,366 |
| Investment income | $4,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,760 |
| 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. | $71,620 |
| Compensation of current officers, directors, key employees. | $50,134 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $171 |
| Office expenses | $2,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,689 |
| Travel | $4,691 |
| 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 | $32,742 |
| Insurance | $31,823 |
| All other expenses | $28,952 |
| Total functional expenses | $361,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,317 |
| Savings and temporary cash investments | $241,118 |
| 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 | $3,554 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $511,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $800,541 |
| 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 | $1,790 |
| Total liabilities | $1,790 |
| Net assets without donor restrictions | $654,285 |
| Net assets with donor restrictions | $144,466 |
| 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 | $800,541 |