Harvest Ministries Inc
- Assets
- $2.9m
- Revenue
- $168.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 73-1338494
Organization Overview
Harvest Ministries Inc is located in Oklahoma City, OK. The organization was established in 1989. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Harvest 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 12/2021, Harvest Ministries Inc generated $168.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $388.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPREADING THE GOSPEL OF JESUS CHRIST WORLDWIDE BY BUILDING CHURCHES FUNDING BIBLE COLLEGES MISSIONARIESAND OTHER LIKEMINDED MINISTRIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDS TO ASSIST WITH MINISTRY ENDEAVORS IN THE US: (1)SUPPORT/MAINTENANCE OF A CHURCH MINISTERING IN INNER OKLAHOMA CITY, OK. THE CHURCH HAS A CONGREGATION OF 250 & SERVES MANY HUNDREDS MORE IN THE AREA; OUR INVOLVEMENT INCLUDES FUNDING KID'S AND YOUTH MINISTRIES SERVING 80, A HOMELESS MINISTRY, A MINISTRY DISTRIBUTING HOUSEHOLD GOODS TO FAMILIES IN NEED; A MINISTRY ASSISTING THE ELDERLY WITH HOME REPAIRS, AND SEVERAL OTHER COMMUNITY OUTREACH PROGRAMS. (2) SUPPORT OF OKLAHOMA ASSEMBLIES OF GOD (OVERSIGHT ORGANIZATION THAT PROVIDES RESOURCES/ASSISTANCE TO 2000 MINISTERS AND 475 CHURCHES IN OK (3) SUPPORT OF OTHER LOCAL CHURCHES/MINISTRIES THAT ALSO SPREAD THE GOSPEL OF JESUS CHRIST.
PROVIDED FUNDS TO ASSIST WITH MINISTRY ENDEAVORS IN FOREIGN LANDS: (1) COMING OUT OF COVID WE RESUMED OUR OVERSEAS CONSTRUCTION PROJECTS WITH SUPPORT OF AFRICAN TABERNACLE EVANGELISM. ATE BUILDS STEEL STRUCTURES THAT ARE USED FOR CHURCH BUILDINGS, SCHOOLS AND MEDICAL CLINICS. INITIATED GROUNDWORK FOR FUTURE MISSIONS PROJECTS IN ZAMBIA, AFRICA. (2) WE PROVIDED MONTHLY SUPPORT FOR NINE A/G MISSIONARY FAMILIES LIVING AND MINISTERING OVERSEAS IN SEVEN DIFFERENT AFRICAN NATIONS; (3) SUPPORT OF OTHER MINISTRIES SPREADING THE GOSPEL OVERSEAS.
PROVIDED FUNDS FOR THE SUPPORT OF RELIGIOUS HIGHER EDUCATION: (1) FUNDING FOR MALAWI ASSEMBLIES OF GOD (A/G) SCHOOL OF THEOLOGY ONGOING CONSTRUCTION, MAINTENANCE, & STUDENT SCHOLARSHIPS IN LILONGWE, MALAWI. THE SCHOOL TRAINS APPROXIMATELY 240 MINISTERS, RELIGIOUS EDUCATION WORKERS AND CHILDREN'S WORKERS PER TERM. THESE GO ON TO PASTOR AND DO CHURCH WORK THROUGHOUT AFRICA; (2) FUNDING TO WRITE ANOTHER COLLEGE-LEVEL COURSE, BIBLICAL COUNSELING & TO TRANSLATE 2 EXISTING THEOLOGY COURSES INTO CHINESE. THESE WILL BE USED IN 900 SPANISH A/G BIBLE SCHOOLS IN LATIN AMERICA AND TO HELP TRAIN 3 MILLION HOUSE PASTORS IN NORTHERN ASIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Sheaffer Secretary | OfficerTrustee | 3 | $0 |
Terri J Sheaffer President | OfficerTrustee | 10 | $0 |
Bill Moore 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 | $85,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,024 |
| Total Program Service Revenue | $0 |
| Investment income | $25,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,262 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $377,300 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,891 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $388,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,050 |
| Savings and temporary cash investments | $434,505 |
| 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 | $2,329,835 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,871,390 |
| 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 | $2,871,390 |
| 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 | $2,871,390 |
Grants Awarded
Over the last fiscal year, Harvest Ministries Inc has awarded $367,486 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HARVEST ASSEMBLY OF GOD PURPOSE: See Part IV | $229,050 |
Springfield, MO PURPOSE: See Part IV | $70,175 |
Oklahoma City, OK PURPOSE: See Part IV | $40,000 |
Oklahoma City, OK PURPOSE: See Part IV | $16,034 |
JESSE DUPLANTIS MINISTRIES PURPOSE: See Part IV | $12,227 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Harvest Ministries Inc has recieved totaling $40,024.
| Awarding Organization | Amount |
|---|---|
Discipling The Nations Ministries Incorporated Oklahoma City, OK PURPOSE: See part IV | $40,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Of Hope Austin, TX | $30,630,297 | $30,889,522 |
Kanakuk Ministries Branson, MO | $43,790,256 | $23,660,219 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Doulos Ministries Inc Independence, MO | $17,094,809 | $7,030,778 |
Persuade The World Ministries Colorado Springs, CO | $2,527,761 | $6,071,254 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
International House Of Prayer Kansas City, MO | $184,048 | $5,377,714 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |