Coates Ministries Inc
- Assets
- $329.7k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 1
- Location
- West Bend, IA
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 76-0492903
Organization Overview
Coates Ministries Inc is located in West Bend, IA. The organization was established in 1997. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Coates 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, Coates Ministries Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.9% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 30.7% per year over the past 4 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
CHURCH MISSION, EVANGELISM, CHURCH PLANTING, DISCIPLESHIP, HUMANITARIAN RELIEF, AND DEVELOPMENT IN KENYA AND EAST AFRICA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREACHED THE GOSPEL OF JESUS CHRIST TO OVER 13,000 PEOPLE IN 283 VILLAGES/STARTED 212 NEW CHURCHES/ 3 EXTENDED MISSIONS TO REMOTE REGIONS OF NORTHWEST, CENTRAL AND COASTAL KENYA/ PREACHING, TEACHING AND TRAINING AMONG INDIGENOUS CHURCH LEADERS/ PROVISION AND DELIVERY OF RELIEF FOOD TO 400 VILLAGES WITH A 6 MONTHS SUPPLY OF FOOD/ DELIVERY OF CLOTHING AND MEDICINES TO UNDERSERVED VILLAGES AFFECTED BY DROUGHT AND FAMINE, COVID, INSECURITY AND RISING FOOD PRICES/ SPONSORED PRIMARY, SECONDARY AND UNIVERSITY STUDENT (INCLUDING PHYSICALLY AND MENTALLY HANDICAPPED) WITH SCHOOL FEES AND LIVING EXPENSES/ DIRECTED AND TAUGHT WEEKLY CHILDREN'S CHURCH AND DISCIPLESHIP PROGRAMS/ HOSTED SHORT TERM MINISTRY TEAMS FROM THE USA/ SURVEYED AND DEVELOPED WATER WELLS IN 14 DRAUGHT PRONE VILLAGES/ SPONSORED FOOD, BOOKS AND TRANSPORT FOR STUDENTS IN 4 VILLAGE BIBLE-SCHOOL LOCATIONS/ SPONSORED DAILY FEEDING PROGRAMS AND SALARIES FOR TEACHERS IN EARLY CHILDHOOD DEVELOPMENT PROGRAMS FOR EKWAR VILLAGE/ CONSTRUCTED 7 PERMANENT CHURCH BUILDINGS/ MANAGED 6 ADULT LITERACY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Coates President | OfficerTrustee | 50 | $83,350 |
Becky Coates Vice Preside | OfficerTrustee | 30 | $0 |
Gerald Thatcher Treasurer | OfficerTrustee | 8 | $0 |
Rita Thatcher Secretary | OfficerTrustee | 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 | $1,504,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,504,982 |
| Total Program Service Revenue | $0 |
| Investment income | $1,116 |
| 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 | $1,506,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,008 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,249,526 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,350 |
| Compensation of current officers, directors, key employees. | $83,350 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,417 |
| 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 | $1,638 |
| Insurance | $923 |
| All other expenses | $0 |
| Total functional expenses | $1,411,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,850 |
| Savings and temporary cash investments | $199,298 |
| 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 | $6,570 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $329,718 |
| 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 | $329,718 |
| Total liabilities and net assets/fund balances | $329,718 |