Reverence Ministries Inc
- Assets
- $118.0k
- Revenue
- $264.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Lexington, NC
- Founding
- 04/2018
- Data as of
- 09/2020
- EIN
- 82-2833221
Organization Overview
Reverence Ministries Inc is located in Lexington, NC. The organization was established in 2018. 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 09/2020, Reverence Ministries Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reverence 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 09/2020, Reverence Ministries Inc generated $264.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 45.2% each year . All expenses for the organization totaled $205.0k during the year ending 09/2020. While expenses have increased by 41.9% 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
EFFECTIVE FAMILY MINISTRY PROGRAMS. PUBLISHED AND SOLD OVER 4300 MINISTRY WORKBOOK FOR CLASSES IN 38 STATES AND 11 COUNTRIES REACHING OVER 2000 PLUS MEN AND WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHED AND SOLD MEN AND WOMEN MINISTRY WORKBOOK FOR CLASSES
PROVIDED WORKSHOPS FOR FAMILY MINISTRY.
EFFECTIVE FAMILY MINISTRY PROGRAMS. PUBLISHED AND SOLD OVER 4300 MINISTRY WORKBOOK FOR CLASSES IN 38 STATES AND 11 COUNTRIES REACHING OVER 2000 PLUS MEN AND WOMEN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam North President | Officer | 40 | $77,816 |
Jessica North Vice President | Officer | 40 | $39,529 |
Matthew Bryant Trustee | Trustee | 2 | $0 |
David Yoder Trustee | Trustee | 2 | $0 |
Keith Henry Trustee | Trustee | 2 | $0 |
Joel White Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,718 |
| Investment income | $4 |
| 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 | $55,851 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $264,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $10,607 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,218 |
| 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 | $971 |
| Information technology | $16,876 |
| Royalties | $0 |
| Occupancy | $1,000 |
| Travel | $2,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,107 |
| All other expenses | $0 |
| Total functional expenses | $204,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,956 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,956 |
| Accounts payable and accrued expenses | $3,302 |
| 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 | $3,302 |
| 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 |
| Total liabilities and net assets/fund balances | $114,654 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reverence Ministries Inc has recieved totaling $863.
| Awarding Organization | Amount |
|---|---|
Every Man A Warrior Inc Lees Summit, MO PURPOSE: Support womens min | $863 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Help Forest, VA | $11,135,096 | $40,493,708 |
Corporate Chaplains Of America Inc Wake Forest, NC | $14,993,771 | $19,711,827 |
Choice Books Of Northern Virginia Inc Bristow, VA | $30,496,266 | $18,835,763 |
Reaching Unreached Nations Inc Virginia Beach, VA | $5,800,346 | $15,911,313 |
Precept Ministries Of Reach Out Inc Chattanooga, TN | $10,987,140 | $15,669,576 |
Lake Junaluska Assembly Inc Lake Junaluska, NC | $31,377,440 | $12,754,761 |
Holy Angels Inc Belmont, NC | $12,927,862 | $9,334,354 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Joshua Fund McLean, VA | $5,014,805 | $7,059,858 |
Proverbs 31 Ministry Inc Matthews, NC | $13,247,275 | $7,018,606 |
Intend Ministries Murfreesboro, TN | $2,990,387 | $7,592,867 |
Buckhead Christian Ministry Inc Atlanta, GA | $4,936,507 | $4,578,885 |