Penuel Ridge Retreat Center
- Assets
- $362.1k
- Revenue
- $98.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Ashland City, TN
- Founding
- 11/1984
- Data as of
- 12/2022
- EIN
- 62-1207484
Organization Overview
Penuel Ridge Retreat Center is located in Ashland City, TN. The organization was established in 1984. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penuel Ridge Retreat Center 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, Penuel Ridge Retreat Center generated $98.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $103.9k during the year ending 12/2022. While expenses have increased by 1.6% 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
PENUEL RIDGE IS A SPIRITUAL RETREAT CENTER, FOSTERING VALUES OF CONTEMPLATION, SILENCE, HOSPITALITY, REST, SOCIAL JUSTICE, AND COMMUNION WITH NATURE. OUR MOST SIGNIFICANT ACTIVITIES ARE RETREAT OFFERINGS, A SOLIDARITY PROGRAM WITH THE HOMELESS, AND CARE OF CREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENUEL RIDGE RETURNED TO PRE-PANDEMIC CAPACITY, OFFERING SELF-GUIDED DAY AND OVERNIGHT RETREATS. THE RETREAT CENTER WELCOMED 1,615 INDIVIDUALS, REPRESENTING A VAST ARRAY OF SPIRITUAL TRADITIONS IN SUPPORT OF OUR COMMITMENT TO INTERFAITH HOSPITALITY. EACH GUEST WAS GIVEN THE LATITUDE TO ENGAGE IN ACTIVITIES UNIQUE TO THEIR INDIVIDUAL NEEDS WHILE UTILIZING THE TOOLS OF CONTEMPLATION, SILENCE, AND REST TO REPLENISH THEIR WELLSPRING OF STRENGTH. PENUEL RIDGE WELCOMED 29 UNIQUE GROUPS FOR DAY AND OVERNIGHT RETREATS, REPRESENTING AN ARRAY OF FAITH TRADITIONS AND WELLNESS PRACTICES. PENUEL RIDGE RETURNED TO ITS PRE-PANDEMIC PRACTICE OF OFFERING UNIQUELY THEMED AND SPONSORED DAY RETREATS FOR THE GENERAL PUBLIC TO ENGAGE IN CONTEMPLATIVE PRACTICES WHICH NURTURED THEIR SPIRITUAL, MENTAL, AND PHYSICAL WELLNESS. THEMED RETREATS INCLUDED: QUENCHING A DEEP THIRST...A GUIDED SILENT RETREAT OFFERED MONTHLY; AUTUMN CONTEMPLATIVE NATURE WALK SERIES OFFERED FOR 6 CONSECUTIVE WEEKS, AND THE ANNUAL HOWARD THURMAN RETREAT. ON-SITE PRIVATE SPIRITUAL DIRECTION SESSIONS CONTINUED TO BE OFFERED 3 TIMES PER MONTH.
THE COMMITMENT OF SERVICE TO AND SOCIAL JUSTICE FOR THE UNHOUSED IN OUR COMMUNITY IS AT THE HEART OF PENUEL RIDGE. ALTHOUGH WE CONTINUED TO PAUSE ON-SITE PROGRAMMING IN 2022, SERVICE CONTINUED WITH OUR COLLABORATIVE PARTNER, FOCUSING RESOURCES ON COMMUNITY OUTREACH ABOARD PUBLIC TRANSPORTATION AND THROUGH THE SERVING OF HOT MEALS FROM A FOOD TRUCK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Mitchem Director | Trustee | 12 | $0 |
Joyce Peacock Treasurer, Director | OfficerTrustee | 5 | $0 |
Vic Sorrell Secretary, Director | OfficerTrustee | 3 | $0 |
Chris Christian Director | Trustee | 3 | $0 |
Jackie L Halstead President, Director | OfficerTrustee | 5 | $0 |
Rev Dr Thomas Kleinert Director | Trustee | 3 | $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 | $31,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,239 |
| Total Program Service Revenue | $67,310 |
| Investment income | $4 |
| 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 | $98,553 |
| 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 | $36,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,254 |
| Payroll taxes | $2,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,223 |
| Advertising and promotion | $616 |
| Office expenses | $1,478 |
| Information technology | $7,536 |
| Royalties | $0 |
| Occupancy | $20,273 |
| Travel | $1,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $326 |
| Interest | $1,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,821 |
| Insurance | $4,357 |
| All other expenses | $0 |
| Total functional expenses | $103,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,381 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,540 |
| 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 | $334,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $362,100 |
| Accounts payable and accrued expenses | $2,540 |
| 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 | $24,851 |
| Total liabilities | $27,391 |
| Net assets without donor restrictions | $330,095 |
| Net assets with donor restrictions | $4,614 |
| 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 | $362,100 |