Coates Ministries Inc
- Assets
- $234.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 1
- Location
- West Bend, IA
- Founding
- 04/1997
- Data as of
- 12/2021
- 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 12/2021, Coates Ministries Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $924.4k during the year ending 12/2021. While expenses have increased by 13.6% per year over the past 7 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
2021
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 16,000 PEOPLE IN 165 VILLAGES/ STARTED 114 NEW CHURCHES/ 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 250 VILLAGES/ DELIVERY OF CLOTHING AND MEDICINE TO UNDER-SERVED VILLAGES AFFECTED BY FAMINE, COVID 19, DROUGHT AND EXTREME POVERTY/SPONSORED CHILDREN THROUGH PRIMARY, SECONDARY, UNIVERSITY AND VOCATIONAL SCHOOLS (INCLUDING PHYSICALLY AND MENTALLY HANDICAPPED) WITH SCHOOL FEES AND LIVING EXPENSES/ DIRECTED AND TAUGHT WEEKLY CHILDREN'S CHURCH AND DISCIPLESHIP PROGRAMS FOR YOUNG ADULTS/ HOSTED SHORT-TERM MINISTRY TEAMS FROM USA / SURVEYED AND DEVELOPED WATER WELLS IN 4 DROUGHT PRONE VILLAGES / CONDUCTED 7 LEADERSHIP MISSIONS CONFERENCES THROUGHOUT KENYA / CONSTRUCTED 4 PERMANENT CHURCH BUILDINGS/ MANAGED 6 ADULT LITERACY PROGRAMS AND 7 EARLY CHILDHOOD DEVELOPMENT SCHOOLS
OTHER GRANTS < 5,000
OFFICER SALARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Coates President | OfficerTrustee | 50 | $71,814 |
Becky Coates Vice Preside | OfficerTrustee | 30 | $0 |
Rita Thatcher Secretary | OfficerTrustee | 1 | $0 |
Gerald Thatcher Treasurer | OfficerTrustee | 8 | $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 | $1,007,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,007,963 |
| Total Program Service Revenue | $0 |
| Investment income | $204 |
| 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 | $1,008,167 |
| 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 | $785,751 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,814 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,110 |
| 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 | $707 |
| Insurance | $1,075 |
| All other expenses | $3,505 |
| Total functional expenses | $924,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,340 |
| Savings and temporary cash investments | $91,876 |
| 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 | $705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $234,921 |
| 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 | $234,921 |
| Total liabilities and net assets/fund balances | $234,921 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Coates Ministries Inc has recieved totaling $272,405.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $261,500 |
Senders Intetrnational Cypress, TX PURPOSE: KENYA MISSIONS | $5,900 |
Heritage Fund Inc Princeton, NJ PURPOSE: UNRESTRICTED | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnabas Foundation Crete, IL | $428,082,293 | $83,271,055 |
Home And Away Ministries North Branch, MN | $25,723,249 | $42,419,971 |
Ministry Health Care Inc St Louis, MO | $291,511,056 | $25,156,032 |
Good News Publishers Wheaton, IL | $44,141,237 | $30,597,185 |
Awana Clubs International St Charles, IL | $16,214,341 | $23,700,094 |
Bill Winston Ministries Forest Park, IL | $6,676,875 | $15,498,938 |
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Breakthrough Urban Ministries Inc Chicago, IL | $9,536,563 | $12,933,979 |
Haven Of Our Lady Of Peace Inc St Louis, MO | $8,612,583 | $10,375,484 |
Christian Buehler Memorial Peoria, IL | $194,168,877 | $24,390,628 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |