Life Assurance Ministries Inc
- Assets
- $208.2k
- Revenue
- $171.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 68-0182727
Organization Overview
Life Assurance Ministries Inc is located in Phoenix, AZ. The organization was established in 2005. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, 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. Life Assurance 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 12/2022, Life Assurance Ministries Inc generated $171.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $155.5k during the year ending 12/2022. 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
PUBLISHES "PROCLAMATION!" MAGAZINE, VIDEOS, AND PODCASTS CLARIFYING THE NEW COVENANT GOSPEL OF GRACE AND POINTING OUT THE ERRORS OF LEGALISM AND FALSE RELIGION. PUBLISHES ON THE WEB AT WWW.LIFEASSURANCEMINISTRIES.ORG AND OTHERS, AND ENGAGES IN SEMINARS IN VARIOUS LOCATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHED WEEKLY EMAIL "PROCLAMATION" MAGAZINE: 1) ARTICLES THAT CLARIFY THE NEW COVENANT GOSPEL OF GRACE AND POINT OUT THE ERRORS OF LEGALISM AND FALSE RELIGION, 2) NEWS OF EVENTS PRESENTED BY LIFE ASSURANCE MINISTRIES, 3) LETTERS TO THE EDITOR AND RESPONSES, 4) RELEVANT BOOKS, 5) REGULAR COLUMNISTS, 6) LINKS TO VIDEO AND OTHER RELATED CONTENT, 7) SOME CONTENT TRANSLATED INTO SPANISH AND PORTUGUESE.
WEB-BASED PUBLISHING: 1) VIDEOS OF CONFERENCES AND MORE PUBLISHED ON WEB, 2) PODCASTS OF WEEKLY DISCUSSIONS PUBLISHED THROUGH PODCASTING SERVICES ON WEB, 3) ARTICLES AND INFORMATION PUBLISHED ON MINISTRY WEBSITE, 4) MINISTRY INFORMATION AND CONTENT PUBLISHED ON MINISTRIES SOCIAL MEDIA PORTALS
TEACHING SEMINARS AND CLASSES: 1) PRODUCED 3-DAY EVENT IN SOUTHERN CALIFORNIA FEATURING EXPERIENCED CHRISTIAN APOLOGISTS AND MINISTRY LEADERS, 2) TEACHING FOCUSED ON THE NEW COVENANT GOSPEL OF GRACE AND THE ERRORS OF LEGALISM AND FALSE RELIGION, 3) WEEKLY CLASS IN SOUTHERN CALIFORNIA FEATURING RELATED THEOLOGICAL MATERIAL (CO-SPONSOR), 4) HANDOUTS, BROCHURES, AND BOOKS PROVIDED
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Tinker President | OfficerTrustee | 2 | $0 |
Cheryl Granger Secretary | OfficerTrustee | 0.5 | $0 |
Dale Ratzlaff Director | Trustee | 1 | $0 |
Martin Carey Director | Trustee | 0 | $0 |
Carel Stevenson Director | Trustee | 0 | $0 |
Kaspars Ozolins Director | Trustee | 0 | $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 | $170,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,941 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| 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 | $171,028 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $915 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $497 |
| Information technology | $3,158 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,702 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,267 |
| Total functional expenses | $155,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,196 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $208,196 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $208,196 |
| 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 | $208,196 |