Harmony Faith Ministries
- Assets
- $126.0k
- Revenue
- $729.1k
- Investments
- $0.0
- Employees
- 93
- Location
- Shreveport, LA
- Founding
- 04/2002
- Data as of
- 12/2017
- EIN
- 72-1402704
Organization Overview
Harmony Faith Ministries is located in Shreveport, LA. The organization was established in 2002. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2017, Harmony Faith Ministries employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harmony Faith 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 12/2017, Harmony Faith Ministries generated $729.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $771.5k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
HARMONY FAITH MINISTRIES IS A NON-PROFIT ORGANIZATION WITH A MISSION OF BEING A LIGHT AT THE END OF VERY DARY TUNNELS TRAVELED THROUGH BY MANY CITIZENS IN OUR COMMUNITIES BY PROMOTING HEALTHY EATING HABITS AMOUNG CHILDREN AND YOUTH, STIMULATING GROWTH AND PRODUCTIVE LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINISTRY OPERATES A FEEDING PROGRAM. IN THE YEAR 2017 THE ORGANIZATION FED, FREE OF CHARGE OVER 2100 CHILDREN AND SENIOR CITIZENS. THE CHILDREN WERE FED DAILY FROM JANUARY TO JUNE. FROM JULY THROUGH DECEMBER 75 SENIORS AND 65 CHILDREN WERE FED DAILY. ALL OF THE MEALS WERE DELIVERED FREE OF CHARGE. IN DECEMBER THE ORGANIZATION SPONSORED THE SENIOR SAINTS CHRISTMAS FESTIVAL WITH OVER 450 SENIORS IN ATTENDANCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrance Trammell President | Officer | 0 | $0 |
Paula Lyrse Secretary | Officer | 0 | $0 |
Henry Merrells Treasurer | Officer | 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 | $8,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,206 |
| Total Program Service Revenue | $720,935 |
| Investment income | $0 |
| 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 | $729,141 |
| 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 | $263,196 |
| 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 | $16,170 |
| 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 | $1,022 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,480 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,200 |
| Insurance | $3,946 |
| All other expenses | $16,131 |
| Total functional expenses | $771,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,836 |
| 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 | $8,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $126,036 |
| Accounts payable and accrued expenses | $431 |
| 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 | $431 |
| Unrestricted restricted net Assets | $125,605 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $125,605 |
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