Love Never Fails Ministries
- Assets
- $123.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rogers, AR
- Founding
- 04/1991
- Data as of
- 12/2022
- EIN
- 74-2584055
Organization Overview
Love Never Fails Ministries is located in Rogers, AR. The organization was established in 1991. 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. Love Never Fails 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 12/2022, Love Never Fails Ministries generated $107.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $95.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Apfel President | 25 | $21,000 | |
Lisa Dewey Office Manager | 20 | $15,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,699 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $107,698 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $55,914 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $631 |
| Other expenses | $39,106 |
| Total expenses | $95,651 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $123,095 |
| Other assets | $0 |
| Total assets | $123,095 |
| Total liabilities | $0 |
| Net assets or fund balances | $123,095 |
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