Reaching Hearts International Inc
- Assets
- $4.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, MD
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 62-1813479
Organization Overview
Reaching Hearts International Inc is located in Laurel, MD. The organization was established in 2000. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reaching Hearts International 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 12/2023, Reaching Hearts International Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 5 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
COMMUNITY AND MISSIONARY OUTREACH DOMESTICALLY AND IN COUNTRIES OUTSIDE THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TITHES (CONFERENCE OF SDA) TITHES FORWARDED TO SDA CONFERENCES PER DONOR REQUEST.
CONGREGATIONAL SUPPORT SERVICES CONGREGATION PROPERTY EXPENSES PROVIDING THE FOLLOWING SERVICES: BIBLE STUDY AND YOUNG ADULT OUTREACH; BIBLE STUDY AND WORSHIP SERVICES FOR 10 TO 50 PEOPLE EACH WEDNESDAY; CONGREGATION WORSHIP SERVICES FOR 200 TO 250 PEOPLE EACH WEEKEND; BIBLE STUDY SERVICES FOR 10 TO 20 PEOPLE EACH MONDAY; REGULAR BIBLE STUDY GROUPS OF 15 TO 25 PEOPLE; BIBLE STUDY AT THE WORLD BANK FOR 7 TO 15 PEOPLE EACH WEDNESDAY; AND HOMELESS OUTREACH MINISTRY TO APPROXIMATELY 500 INDIVIDUALS DURING THE YEAR.
BROADCASTING SERVICES NATIONAL RADIO MINISTRY REACHING PEOPLE FOR CHRIST. LISTENING PUBLIC APPROXIMATELY 2 MILLION; EXPANDED RADIO MINISTRY INCLUDES XM SATELLITE RADIO AND 3ABN RADIO WITH NATIONAL REACH; INTERNET SERVICES INCLUDING BROADCAST STREAMING WITH WORLD-WIDE ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Oxentenko President | OfficerTrustee | 50 | $2,640 |
Mervyn John Board Chairman | OfficerTrustee | 12 | $0 |
John Domm Secretary | OfficerTrustee | 3 | $0 |
Thomas Kunjoo CPA Treasurer | OfficerTrustee | 2 | $0 |
Jon Green Director | Trustee | 5 | $0 |
Diana Oxentenko Director | Trustee | 15 | $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 | $1,116,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,116,899 |
| Total Program Service Revenue | $0 |
| Investment income | $11,769 |
| 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 | $1,128,668 |
| 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. | $3,086 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,337 |
| Advertising and promotion | $0 |
| Office expenses | $3,008 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,201 |
| Travel | $1,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $227,026 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,331 |
| Insurance | $16,226 |
| All other expenses | $0 |
| Total functional expenses | $1,061,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,781 |
| Savings and temporary cash investments | $1,043,437 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,725,593 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,841,811 |
| 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 | $54,987 |
| Other liabilities | $0 |
| Total liabilities | $54,987 |
| Net assets without donor restrictions | $4,786,824 |
| 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 | $4,841,811 |