Innovative Faith Ministries
- Assets
- $12.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morton, IL
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-3464958
Organization Overview
Innovative Faith Ministries is located in Morton, IL. The organization was established in 2018. 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. Innovative Faith 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, Innovative Faith Ministries generated $60.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $59.9k during the year ending 12/2021. While expenses have increased by 27.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DURING THE FISCAL YEAR, THE ORGANIZATION OFFERED SERVICES, PROJECTS, DISCIPLESHIPPROGRAMS AND SMALL GROUP SESSIONS TO TRAIN, LICENSE, AND ORDAIN MINISTERS OF THE GOSPELTO PERFORM THE DUTIES OF ALL OFFICES OF THE MINISTRY AND TO CARRY ON THE WORK OF EVANGELISM AND DISCIPLESHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Moser President | 25 | $48,321 | |
Joe Hawkins Secretary | 2 | $0 | |
Brenda Baldovin Treasurer | 2 | $0 | |
Angela Hawkins Director | 2 | $0 | |
Kelly Kimball Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,817 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $9,285 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,102 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,321 |
| Professional fees and other payments to independent contractors | $1,465 |
| Occupancy, rent, utilities, and maintenance | $44 |
| Printing, publications, postage, and shipping | $679 |
| Other expenses | $9,387 |
| Total expenses | $59,896 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,567 |
| Other assets | $0 |
| Total assets | $12,567 |
| Total liabilities | $750 |
| Net assets or fund balances | $11,817 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Innovative Faith Ministries has recieved totaling $20,475.
| Awarding Organization | Amount |
|---|---|
Perception Funding Inc Kansas City, MO PURPOSE: For operating costs and general support | $19,968 |
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Mission Eurasia Wheaton, IL | $4,079,309 | $7,777,222 |
G O Ministries Inc Louisville, KY | $3,216,170 | $6,018,777 |
Lutheran Bible Translators Inc Concordia, MO | $15,904,913 | $8,793,746 |
Refugeeone Chicago, IL | $12,176,477 | $10,528,802 |
Jehovah-Jireh Foundation Inc Jeffersonville, IN | $48,262,098 | $3,821,165 |
Kids Across America Branson, MO | $15,902,662 | $5,474,356 |
Good Shepherd Children And Family Services St Louis, MO | $11,979,849 | $5,884,271 |
Provident Ministries Ltd South Bend, IN | $1,633,793 | $5,569,454 |
Faith And Learning International Nfp Wheaton, IL | $3,798,689 | $6,103,075 |