Welcome Home Ministries
- Assets
- $2.5m
- Revenue
- $1.3m
- Investments
- $40.0k
- Employees
- 17
- Location
- Nashville, TN
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 62-1515995
Organization Overview
Welcome Home Ministries is located in Nashville, TN. The organization was established in 1994. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Welcome Home Ministries employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Welcome Home Ministries 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, Welcome Home Ministries generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PHYSICAL, EMOTIONAL, AND SPIRITUAL SUPPORT TO INDIVIDUALS AT THEIR POINT OF NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELCOME HOME MINISTRIES WAS FORMED IN 1992 AS A NOT-FOR-PROFITORGANIZATION TO PROVIDE PHYSICAL, EMOTIONAL, AND/OR SPIRITUALSUPPORT TO INDIVIDUALS AT THEIR POINT OF NEED. WELCOME HOMEPROVIDES THESE INDIVIDUALS WITH EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Murray Executive Director | Officer | 45 | $80,530 |
Barclay Bloodworth Secretary | OfficerTrustee | 1 | $0 |
Eddie Phillips President | OfficerTrustee | 1 | $0 |
Chris Slonecker Treasurer | OfficerTrustee | 2 | $0 |
Kurt Koehn Board Member | Trustee | 1 | $0 |
Edward Vinsang Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,612 |
| Related organizations | $0 |
| Government grants | $236,139 |
| All other contributions, gifts, grants, and similar amounts not included above | $521,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $854,793 |
| Total Program Service Revenue | $345,754 |
| Investment income | $14 |
| 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 | $1,312,543 |
| 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. | $80,530 |
| Compensation of current officers, directors, key employees. | $6,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,588 |
| Payroll taxes | $0 |
| 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 | $101,225 |
| Travel | $119,702 |
| 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 | $93,825 |
| Insurance | $57,458 |
| All other expenses | $11,161 |
| Total functional expenses | $1,045,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,157 |
| 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 | $2,343,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $40,027 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,477,012 |
| Accounts payable and accrued expenses | $25,786 |
| 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 | $353,664 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $379,450 |
| Net assets without donor restrictions | $2,070,293 |
| Net assets with donor restrictions | $27,269 |
| 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 | $2,477,012 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Welcome Home Ministries has recieved totaling $152,208.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR UNRESTRICTED USE | $60,000 |
Memorial Foundation Inc Hendersonville, TN PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $50,000 |
United Way Of Middle Tennessee Inc Nashville, TN PURPOSE: PROGRAM OPNS (OBI) | $15,000 |
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $10,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: TO PROVIDE SUPPORTED EMPLOYMENT SERVICES FOR 110 CLIENTS SEEKING RECOVERY IN WELCOME HOME MINISTRIES~' ALCOHOL AND DRUG RECOVERY SUPPORT PROGRAM. | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,002 |
Endowment Analysis
| Beg. Balance | $33,599 |
| Earnings | $6,428 |
| Ending Balance | $40,027 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |