Streets Ministries Inc
- Assets
- $11.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 33
- Location
- Memphis, TN
- Founding
- 05/1999
- Data as of
- 07/2023
- EIN
- 62-1763815
Organization Overview
Streets Ministries Inc is located in Memphis, TN. The organization was established in 1999. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 07/2023, Streets Ministries Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Streets 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 07/2023, Streets Ministries Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $1.8m during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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
STREETS MINISTRIES, THROUGH THE LOVE OF JESUS CHRIST, ENGAGES, ENCOURAGES AND EQUIPS YOUTH TO ACHIEVE THEIR POTENTIAL BY REALIZING THEIR GOD-GIVEN PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINISTRY ACTIVITIES INCLUDE MENTORING, OUTREACH, EDUCATIONAL AND RECREATIONAL PROGRAMS OUTSIDE OF THE STRUCTURE OF SCHOOL FOR 300 PLUS YOUTH DAILY BETWEEN BOTH STREETS LOCATIONS.
EDUCATION - STREETS PATHWAYS MENTORING STRIVES TO EQUIP OUR MEMBERS WITH THE KNOWLEDGE, SKILLS, AND EXPERIENCES THEY'LL NEED TO REACH THEIR FULL POTENTIAL PERSONALLY AND PROFESSIONALLY. THE PATHWAYS PROGRAM IS DESIGNED TO HELP MIDDLE AND HIGH SCHOOL STUDENTS FIND SUCCESS IN SCHOOL AND THEN TRANSITION TO COLLEGE, VOCATIONAL SCHOOL, MILITARY, OR THE WORKFORCE. WE TRAIN OUR MENTORS TO FOCUS ON HELPING OUR STUDENTS GROW IN THE AREAS OF: SOCIAL SKILLS, LITERACY, ACADEMIC IMPROVEMENT, COLLEGE AND CAREER READINESS, AND SPIRITUAL DEVELOPMENT.STREETS SMART IS A LITERACY PROGRAM FOR 2ND AND 3RD GRADE STUDENTS. THE GOAL FOR STREETS SMART IS FOR ALL STUDENTS TO BE READING ON 3RD GRADE LEVEL BY THE COMPLETION OF THE PROGRAM. THIS LITERACY PROGRAM SERVES APPROXIMATELY 30 STUDENTS YEARLY.
SENDING OUT URBAN LEADERS (SOUL) ACTIVITIES INCLUDE RECRUITING, TRAINING, AND RESOURCING POTENTIAL LEADERS IN ORDER TO IMPACT THE YOUTH OF MEMPHIS WITH THE GOSPEL OF JESUS CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon Conley Director | Trustee | 3 | $0 |
Elliot Cunningham Director | Trustee | 3 | $0 |
Rev Eli T Morris III Director/secretary | OfficerTrustee | 3 | $0 |
Richard L Webb Director/treasurer | OfficerTrustee | 5 | $0 |
Tina Edge Director | Trustee | 3 | $0 |
Amy Grow Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,000 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,509,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,592,363 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,182 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $38,127 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $321 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,679,993 |
| 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. | $208,109 |
| Compensation of current officers, directors, key employees. | $41,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $511,861 |
| Pension plan accruals and contributions | $1,673 |
| Other employee benefits | $96,728 |
| Payroll taxes | $63,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,455 |
| 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 | $69,215 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $347,997 |
| Travel | $0 |
| 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 | $274,542 |
| Insurance | $54,141 |
| All other expenses | $8,295 |
| Total functional expenses | $1,849,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,161,688 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $42,601 |
| 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 | $6,172,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,434,990 |
| Total assets | $11,812,267 |
| Accounts payable and accrued expenses | $30,159 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| 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 | $3,513,611 |
| Total liabilities | $3,593,770 |
| Net assets without donor restrictions | $8,218,497 |
| Net assets with donor restrictions | $0 |
| 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 | $11,812,267 |