Institute For Ministry Development
- Assets
- $148.8k
- Revenue
- $374.8k
- Investments
- $0.0
- Employees
- 3
- Location
- La Salle, CO
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 84-1315562
Organization Overview
Institute For Ministry Development is located in La Salle, CO. The organization was established in 1996. 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 12/2022, Institute For Ministry Development employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Ministry Development 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 12/2022, Institute For Ministry Development generated $374.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $396.5k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEACHING AND TRAINING MINISTRY, FOCUSED ON EQUIPPING INDIVIDUAL BELIEVERS, MINISTRY GROUPS, LEADERSHIP PERSONS, AND CHURCHES AS A WHOLE TO BETTER CARRY OUT THEIR GOD-GIVEN MINISTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, IMD INTERNATIONAL PROVIDED BIBLICAL LEADERSHIP TRAINING TO APPROXIMATELY 2,000 PASTORS, BIBLE TEACHERS, AND CHURCH LEADERS IN THE FOLLOWING COUNTRIES: INDIA, EGYPT, BANGLADESH, LIBERIA, NEPAL, MYANMAR, KENYA, RWANDA, UGANDA, DEMOCRATIC REPUBLIC OF THE CONGO, ZAMBIA, BURUNDI, TANZANIA, SOUTH AFRICA, AS WELL AS THESE LOCATIONS IN THE USA: MAYO, FL, STERLING CO, SYDNEY, NE, FAGLER, CO AND SANTA FE, NM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norm Seeley President | OfficerTrustee | 45 | $76,894 |
Robert Booth Director | OfficerTrustee | $0 | |
Todd Gerlings Director | OfficerTrustee | $0 | |
Carl Graham Director | Trustee | $0 | |
Alan Harmon Director | Trustee | $0 | |
Phil Largent President-Em | OfficerTrustee | $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 | $374,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,390 |
| Total Program Service Revenue | $364 |
| Investment income | $8 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $374,762 |
| 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. | $76,894 |
| Compensation of current officers, directors, key employees. | $25,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,460 |
| 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 | $8,600 |
| Information technology | $300 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $69,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $583 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,275 |
| All other expenses | $9,320 |
| Total functional expenses | $396,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,112 |
| Savings and temporary cash investments | $26,732 |
| 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 | $9,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $148,783 |
| 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 | $5,248 |
| Total liabilities | $5,248 |
| Net assets without donor restrictions | $48,521 |
| Net assets with donor restrictions | $95,014 |
| 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 | $148,783 |