Mount Olive Ministry Inc
- Assets
- $643.1k
- Revenue
- $626.4k
- Investments
- $0.0
- Employees
- 20
- Location
- Mount Olive, MS
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 64-0884158
Organization Overview
Mount Olive Ministry Inc is located in Mount Olive, MS. The organization was established in 1997. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Mount Olive Ministry Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Olive Ministry 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 12/2021, Mount Olive Ministry Inc generated $626.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $421.5k during the year ending 12/2021. While expenses have increased by 10.2% 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
REVITALIZING MOUNT OLIVE NEIGHBORHOODS THROUGH SPIRITUAL AND COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MOUNT OLIVE MINISTRIES OPERATES A K-12 GRADE PRIVATE SCHOOL (GRACE CHRISTIAN SCHOOL). MOUNT OLIVE MINISTRIES PURCHASED 80 ACRES OF LAND TO BUILD GCS A NEW K-12 SCHOOL. GCS IS FOCUSED DRIVEN ON STEM EDUCATION WHICH ADVANCE STUDENT EDUCATIONS. THE NEW SCHOOL WILL PROVIDE A TRADE CENTER FOR STUDENTS TO CONSIDER A TRADE CAREER, A STEM LAB, SPORTS ACTIVITIES, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Duckworth Board Member | Trustee | 1 | $0 |
Natasha Leggett Secretary | OfficerTrustee | 1 | $0 |
Rakeem Duckworth Board Member | Trustee | 1 | $0 |
Ricky Mclaurin Board Member | Trustee | 1 | $0 |
Roselana Harper Board Member | Trustee | 1 | $0 |
Steve Duckworth Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $536,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $586,054 |
| Total Program Service Revenue | $29,435 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,774 |
| Net Gain/Loss on Asset Sales | $11,026 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $626,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,835 |
| 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. | $84,450 |
| Compensation of current officers, directors, key employees. | $12,365 |
| Compensation to disqualified persons | $32,763 |
| Other salaries and wages | $107,582 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,571 |
| Payroll taxes | $22,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,863 |
| Advertising and promotion | $0 |
| Office expenses | $31,517 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,976 |
| Travel | $6,945 |
| 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 | $18,614 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $421,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,778 |
| Savings and temporary cash investments | $40,000 |
| 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 | $326,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $643,059 |
| Accounts payable and accrued expenses | $6,496 |
| 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 | $67,746 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $74,242 |
| Net assets without donor restrictions | $568,817 |
| 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 | $643,059 |