Ground 40 Ministries
- Assets
- $160.3k
- Revenue
- $647.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Monroe, NC
- Founding
- 12/2016
- Data as of
- 12/2020
- EIN
- 81-3035488
Organization Overview
Ground 40 Ministries is located in Monroe, NC. The organization was established in 2016. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 12/2020, Ground 40 Ministries employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ground 40 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 12/2020, Ground 40 Ministries generated $647.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $589.4k during the year ending 12/2020. While expenses have increased by 30.3% per year over the past 3 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GROUND 40 IS A DISCIPLESHIP PROGRAM LOCATED IN MONROE, NC THAT PROVIDES A WELCOMING AND HEALTHY ENVIRONMENT FOR MEN WHO ARE SEEKING A CHANGE OF HEART AFTER BEING INCARCERATED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION SUCCESSFULLY REHABILITATED NUMEROUS PROGRAM PARTICIPANTS USING A CHRISTIAN MENTORING CURRICULUM AND POSITIVE SUPPORT FROM OTHERS.
ORGANIZATION SUCCESSFULLY REHABILITATED NUMEROUS PROGRAM PARTICIPANTS USING A CHRISTIAN MENTORING CURRICULUM AND POSITIVE SUPPORT FROM OTHERS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,919 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $434,663 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,582 |
| Total Program Service Revenue | $89,595 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,595 |
| 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 | -$34,466 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $647,877 |
| 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. | $39,819 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,523 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,521 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,483 |
| Office expenses | $3,497 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $18,359 |
| All other expenses | $290,430 |
| Total functional expenses | $589,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,310 |
| Savings and temporary cash investments | $125,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $160,310 |
| 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 | $160,310 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $160,310 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ground 40 Ministries has recieved totaling $57,648.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $37,522 |
Bob Barker Company Foundation Inc Fuquayvarina, NC PURPOSE: GENERAL OPERATING | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Christian Foundation Real Property Inc Alpharetta, GA | $69,065,841 | $20,328,188 |
Upward Unlimited Foundation Spartanburg, SC | $108,112 | $158,345 |
Mcmichael Communications Group Inc Atlanta, GA | $7,951,989 | $7,334,064 |
Jewish Foundation Of Memphis Memphis, TN | $73,386,968 | $19,619,043 |
St Marys Highland Hills Inc Athens, GA | $10,415,117 | $5,487,043 |
Baptist Missions Inc Germantown, TN | $8,771,577 | $761,820 |
Church Of God Foundation Inc Cleveland, TN | $42,707,821 | $2,900,531 |
Family Christian Resource Centers Inc Alpharetta, GA | $59,520,586 | $1,549,000 |
First Baptist Church Foundation Charleston, SC | $17,785,302 | $743,678 |
Cecil D Hylton Memorial Chapel Woodbridge, VA | $12,878,784 | $1,107,990 |
Rescue Legacy Fund Inc Durham, NC | $26,511,238 | $3,583,922 |
Hopegivers International Inc Columbus, GA | $1,962,256 | $2,287,272 |