Loaves & Fishes Ministries Inc
- Assets
- $595.6k
- Revenue
- $455.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Tulsa, OK
- Founding
- 08/1999
- Data as of
- 12/2019
- EIN
- 73-1144861
Organization Overview
Loaves & Fishes Ministries Inc is located in Tulsa, OK. The organization was established in 1999. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2019, Loaves & Fishes Ministries Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loaves & Fishes 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GROCERY ASSISTANCE, MEALS, AND ACCESS TO CLOTHING AND HOUSEHOLD GOODS TO LOW INCOME FAMILIES, ELDERLY AND HANDICAPPED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOAVES AND FISHES IS COMMITTED TO FIGHTING HUNGER IN THE COMMUNITY. EVERY TUESDAY, WEDNESDAY, FRIDAY AND SATURDAY OUR FOOD MINISTRY PROVIDES A HOT MEAL AND GROCERIES TO FAMILIES AND INDIVIDUALS WHO ARE IN NEED. OUR AVERAGE GROCERY DISTRIBUTION AMOUNTS TO OVER 2 TONS OF FOOD EACH MONTH OR THE EQUIVALENT OF 650 FULL GROCERY CARTS. IN 2019, LOAVES AND FISHES SERVED OVER 5,600 MEALS AND ASSISTED 7,680 HOUSEHOLDS WITH GROCERIES.
TURNING POINT THRIFT STORES SERVES A DUAL PURPOSE. PROCEEDS FROM THE ITEMS GIVEN TO THE STORE BY OUR GENEROUS DONORS HELP SUPPORT LOAVES AND FISHES FULFILL ITS MINISTRY TO THOSE IN NEED. THRIFT STORE PRODUCTS ARE PRICED SO THAT GUESTS OF LOAVES AND FISHES AND OTHERS LIVING ON LOW OR FIXED INCOME CAN AFFORD CLOTHING, SHOES AND HOUSEHOLD ITEMS. IN 2019, TURNING POINT PROCESSED OVER 2,146 INDIVIDUAL SALES AND CONTRIBUTED OVER $26,000 TO LOAVES AND FISHES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert J Poncel Executive Director/president | OfficerTrustee | 40 | $18,352 |
Steve Worden Thrift Store Director | OfficerTrustee | 40 | $23,958 |
Connie Poncel Secretary/treasurer | OfficerTrustee | 1 | $4,007 |
Holden Abott Director | Trustee | 1 | $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 | $304,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,685 |
| Total Program Service Revenue | $0 |
| Investment income | $2,031 |
| 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 | $146,366 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $454,978 |
| 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. | $56,552 |
| Compensation of current officers, directors, key employees. | $2,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,165 |
| Payroll taxes | $6,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,955 |
| Advertising and promotion | $16,733 |
| Office expenses | $22,866 |
| Information technology | $715 |
| Royalties | $0 |
| Occupancy | $36,630 |
| Travel | $430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,863 |
| Insurance | $10,243 |
| All other expenses | $0 |
| Total functional expenses | $398,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,606 |
| Savings and temporary cash investments | $282,532 |
| 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 | $294,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $595,600 |
| Accounts payable and accrued expenses | $11,953 |
| 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 | $11,953 |
| Net assets without donor restrictions | $583,647 |
| 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 | $595,600 |