Living Hope Ministries Inc
- Assets
- $836.9k
- Revenue
- $426.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Arlington, TX
- Founding
- 01/1997
- Data as of
- 05/2023
- EIN
- 75-2612813
Organization Overview
Living Hope Ministries Inc is located in Arlington, TX. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 05/2023, Living Hope Ministries Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Hope 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 05/2023, Living Hope Ministries Inc generated $426.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $321.0k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE MINISTERIAL SUPPORT FOR THE SEXUALLY AND RELATIONALLY WOUNDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINISTRY PROVIDES EDUCATION, INSTRUCTION, PUBLICATION OF MATERIALS ON ISSUES OF SEXUALITY AND PROVIDES ONGOING SUPPORT FOR THOSE WHO ARE SEXUALLY AND RELATIONALLY WOUNDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricky Chelette President/tr | Officer | 40 | $77,328 |
Sue Bohlin Secretary | OfficerTrustee | 1 | $0 |
Larry Forkner Board Member | Trustee | 1 | $0 |
Sarah Gambo Board Member | Trustee | 1 | $0 |
Michael Mcfarlane Board Member | Trustee | 1 | $0 |
Bob Stith Chairman | OfficerTrustee | 2 | $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 | $343,184 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,184 |
| Total Program Service Revenue | $74,924 |
| 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 | $7,966 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $426,574 |
| 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. | $77,328 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,393 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,222 |
| Payroll taxes | $12,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,882 |
| Office expenses | $1,148 |
| Information technology | $16,829 |
| Royalties | $0 |
| Occupancy | $17,526 |
| Travel | $2,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,238 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $949 |
| Insurance | $8,765 |
| All other expenses | $4,595 |
| Total functional expenses | $320,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $812,953 |
| 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 | $23,936 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $836,889 |
| 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 | $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 | $836,889 |
| Total liabilities and net assets/fund balances | $836,889 |