Light Of Life Ministries Inc
- Assets
- $2.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 03/1983
- Data as of
- 12/2022
- EIN
- 73-1153468
Organization Overview
Light Of Life Ministries Inc is located in Augusta, ME. The organization was established in 1983. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light Of Life 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, Light Of Life Ministries Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN BASED PROGRAMMING AND PHYSICAL THERAPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN RADIO STATION, BOOKSTORE, AND EVENTS PHYSICAL THERAPY AND REHAB SOME FOR BELOW MARKET RATES OR FOR FREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Chapman Director | Trustee | 0 | $0 |
Joel Epley Secretary | Officer | 0 | $0 |
Suzanne Bouchard President | Officer | 0 | $0 |
Ray Bouchard 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 | $224,301 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,301 |
| Total Program Service Revenue | $927,261 |
| Investment income | $34 |
| 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 | $1,151,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,062 |
| 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 | $783,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56 |
| Payroll taxes | $87,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,086 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,656 |
| Advertising and promotion | $9,275 |
| Office expenses | $23,860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $702 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,608 |
| Insurance | $27,810 |
| All other expenses | $40,943 |
| Total functional expenses | $1,244,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $536,873 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $475,871 |
| 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 | $1,357,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $301,251 |
| Total assets | $2,671,599 |
| Accounts payable and accrued expenses | $9,912 |
| 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 | $479,942 |
| Secured mortgages and notes payable | $1,197,982 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,687,836 |
| Net assets without donor restrictions | $0 |
| 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 | $983,763 |
| Total liabilities and net assets/fund balances | $2,671,599 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Maine Electric Cooperative Inc Calais, ME | $53,940,615 | $17,279,980 |
Fox Islands Electric Cooperative Inc Vinalhaven, ME | $19,465,997 | $2,926,731 |
Light Of Life Ministries Inc Augusta, ME | $2,671,599 | $1,151,596 |
Northern Maine Independent System Administration Inc Bangor, ME | $2,378,425 | $1,121,875 |
Maine Water Utilities Association Augusta, ME | $605,822 | $846,884 |
Industrial Energy Consumer Group Augusta, ME | $56,607 | $454,852 |
Maine Renewable Energy Association Augusta, ME | $321,640 | $397,860 |
Mountain Top Telecom Inc Franconia, NH | $152,799 | $251,110 |
Monmouth Water Association Monmouth, ME | $1,800,228 | $222,087 |
Maine Water Environment Association Augusta, ME | $64,398 | $0 |
Newport Community Television Inc Newport, NH | $333,515 | $0 |
International Association Of Electrical Inspectors Wolfeboro, NH | $312,658 | $0 |
Chocorua Public Library Chocorua, NH | $406,928 | $66,747 |
Northeast Association Of Electric Cooperatives Inc Plymouth, NH | $64,783 | $0 |
Swans Island Electric Cooperative Inc Swans Island, ME | $0 | $0 |