Forgiven Ministries
- Assets
- $88.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Erie, PA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 80-0613781
Organization Overview
Forgiven Ministries is located in Erie, PA. The organization was established in 2014. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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. Forgiven 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 12/2021, Forgiven Ministries generated $69.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $82.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 2 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE HOUSING AND SERVICES IN ORDER TO ENHANCE THE ABILITYOF PEOPLE RECENTLY RELEASED FROM CORRECTIONAL INSTITUTIONS TO BE SELF SUFFICIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Beatty Treasurer | 20 | $0 | |
Lillian Beatty President | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,766 |
| Total Program Service Revenue | $57,579 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $947 |
| Total Revenue | $69,292 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $55,697 |
| Printing, publications, postage, and shipping | $110 |
| Other expenses | $26,873 |
| Total expenses | $82,680 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,902 |
| Other assets | $0 |
| Total assets | $88,434 |
| Total liabilities | $112,125 |
| Net assets or fund balances | -$23,691 |
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