Transformation Ministries Inc
- Assets
- $6.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 16
- Location
- South Bend, IN
- Founding
- 09/2018
- Data as of
- 06/2023
- EIN
- 82-3641234
Organization Overview
Transformation Ministries Inc is located in South Bend, IN. The organization was established in 2018. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Transformation Ministries Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transformation 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 06/2023, Transformation Ministries Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 50.6% each year . All expenses for the organization totaled $736.2k during the year ending 06/2023. While expenses have increased by 17.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE SEEK TO TRANSFORM THE HEARTS AND MINDS OF URBAN YOUTH AND THEIR FAMILIES WHILE CONNECTING OTHERS TO THE CITY IN A POSITIVE WAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IRON SHARPENS IRON (ISI) - WE EXIST TO SEE THE YOUTH LEADERS OF THE SOUTH BEND COMMUNITY BECOME POSITIVE INFLUENCERS WHO CHALLENGE, ENCOURAGE, AND SHARPEN THEIR PEERS, THEIR FAMILIES, AND THEIR COMMUNITY. WE BELIEVE THAT HEAVILY INVESTING IN A SMALL NUMBER OF STUDENTS AT A VERY DEEP LEVEL WILL PRODUCE GREATER LONG-TERM BENEFITS. ISI SERVED 111 STUDENTS IN THE YEAR ENDING JUNE 30, 2023.
CITY LIGHT KIDS (CLK) IS A PROGRAM FOR ELEMENTARY STUDENTS THAT MEETS WEEKLY AFTER SCHOOL, THROUGHOUT THE SCHOOL YEAR. CLK FOSTERS AN ENVIRONMENT OF BELONGING AND OFFERS A SPACE FOR EACH STUDENT TO BE KNOWN AND ACCEPTED, PROVIDING A UNIQUE SUPPORT SYSTEM THAT COMES ALONGSIDE STUDENTS, THEIR IMMEDIATE FAMILY, AND THE SCHOOL SYSTEM. DURING THE COURSE OF A CLK GATHERING, STUDENTS WILL PLAY, PARTICIPATE IN LIFE SKILLS AND ENRICHMENT ACTIVITIES, RECEIVE ACADEMIC SUPPORT, AND SHARE IN A FAMILY STYLE MEAL. 35 PEOPLE PARTICIPATED IN THIS PROGRAM IN THE YEAR ENDING JUNE 30, 2023.
SUMMER SKILLS ACADEMY - THE SUMMER SKILLS ACADEMY PROVIDES YOUTH IN THE SOUTH BEND AREA WITH LOVING RELATIONSHIPS IN A SAFE ENVIRONMENT DURING SUMMER BREAK. YOUTH ARE ABLE TO PICK A LEARNING TRACK, PARTICIPATE IN GROUP ACTIVITIES, RECEIVE TWO DAILY MEALS, PARTICIPATE IN SMALL GROUP MENTORING, AND GO ON FIELD TRIPS. ULTIMATELY, WE DESIRE FOR EVERYONE TO EXPERIENCE THE HOPE AND LOVE THAT JESUS OFFERS. SUMMER SKILLS SERVED 20 STUDENTS IN THE YEAR ENDING JUNE 30, 2023.
SCHOLARSHIPS - THE ORGANIZATION PROVIDES A ONE YEAR SCHOLARSHIP OF 500 FOR ANY IRON SHARPENS IRON PARTICIPANT WHO GRADUATES HIGH SCHOOL AND CHOOSES TO ATTEND COLLEGE. FOUR SCHOLARSHIPS WERE AWARDED DURING THE YEAR ENDING JUNE 30, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kory Lantz Executive Di | OfficerTrustee | 40 | $77,790 |
Terry Bley Vice Preside | OfficerTrustee | 1 | $0 |
Margie Helmuth Treasurer | OfficerTrustee | 1 | $0 |
Redgina Hill President | OfficerTrustee | 1 | $0 |
Mark Lantz Board Member | Trustee | 1 | $0 |
Stephen Love Board Member | Trustee | 1 | $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 | $2,994,808 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,994,808 |
| Total Program Service Revenue | $300 |
| Investment income | $53,456 |
| 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 | $1,030 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,049,594 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,537 |
| Compensation of current officers, directors, key employees. | $41,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,948 |
| Payroll taxes | $34,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,746 |
| Fees for services: Accounting | $15,167 |
| 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 | $54,632 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,433 |
| Travel | $7,139 |
| 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 | $14,950 |
| Insurance | $11,198 |
| All other expenses | $40,225 |
| Total functional expenses | $736,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,800 |
| Savings and temporary cash investments | $331,318 |
| 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 | $468,384 |
| Investments—publicly traded securities | $1,186,983 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,695,137 |
| Total assets | $6,946,622 |
| 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 | $6,922,058 |
| Net assets with donor restrictions | $24,564 |
| 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 | $6,946,622 |